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Registered Person can File Nil Return via SMS Facility ,Companies can file there Return through EVC

Manner of furnishing of return by short messaging service facility   A registered person who is required to furnish a Nil return under section 39 in FORM GSTR-3B for a tax period, any reference to electronic furnishing shall include furnishing of the said return through a short messaging service using the registered mobile number and

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INSOLVENCY : Introduction and Conceptual Understanding

Insolvency  It is a state when a person is unable to pay its debt.  When the assets available with the business entity are not sufficient to discharge its liabilities. (Balance Sheet Insolvency)  The debtor suffers from a lack of financial liquidity making it impossible to pay debts as they fall due. (Cash-flow

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POSTPONEMENT OF CHARTERED ACCOUNTANT EXAMINATIONS, MAY 2020

In continuation to the Important Announcement dated 27th March, 2020, it is hereby notified for general information that in view of the ongoing spurt of the COVID-19 pandemic and in the interest of the wellbeing of students, the Chartered Accountant Examinations scheduled from 19th June 2020 to 4th July, 2020* stand rescheduled and the said

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CBIC issued requirement for New LUT for the Financial Year 2019-2020

The CBIC vide Instruction No. 450/153/2017 – Cus IV dated April 30, 2020, which states that the exporters to submit a New LUT for the F.Y 19-20 while clearing export shipments. Therefore, vide Circular No. 137/07/2020-GST dated 13.04.2020, where the requirement under the GST Law for furnishing of any report, document, return, statement or such other record falls

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Movement of goods, from one State to another terminates, where good have been delivered : SC

IN RE : Commercial Taxes Officer Vs Bombay Machinery Store (Supreme Court of India) Supreme court said that Movement of goods, from one State to another, terminates where good have been delivered. Tax Administration Authorities cannot give their own interpretation to legislative provisions on the basis of their own perception of trade practice. The question is

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UIDAI permits Aadhaar updation facility through CSC

20,000 CSCs to offer this service to citizens In a major relief to those living in rural areas, the Unique Identification Authority of India (UIDAI) has allowed the Common Service Centre, an SPV under the Ministry of IT and Electronics, to begin the Aadhaar updation facility at their 20,000 CSCs which operate as Banking Correspondents

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Filing and Viewing Form GST PMT-09 : Step by Step

1. Filing Form GST PMT-09 2.Viewing Filed Form GST PMT-09 How can I file view Form GST PMT-09? Form GST PMT-09 enables any registered taxpayer to perform intra-head or inter-head transfer of amount as available in Electronic Cash Ledger. Thus, a registered taxpayer can now file Form GST PMT-09 for transfer of any amount of

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