Compulsory display Dynamic QR Code Under GST – Introduction: B2C transactions mean all the transactions made to unregistered persons or consumers. In this type of transaction, all unregistered persons or consumers to whom the transaction is made are not allowed for the input tax credit. B2C transactions dynamic QR code is generated by the taxpayers …
IMPORTER – EXPORTER CODE REGISTRATION AND DOCUMENTATION BRIEF INTRODUCTION In India, we have registration compliance that an importer or exporter company has to comply with. Such registration is known as Import Export Code Number. Importer Exporter Code (IEC) is mandatory for a person indulging in any export or import activities. IEC number is a basic …
GST AUDIT INTRODUCTION The audit is all about the examination of records, returns, and other documents maintained by a registered individual under Goods and Services Tax. The main aim is to verify the correctness of the declared turnover, taxes paid, reimbursed, and input tax credit used, and other such compliances which are thereby evaluated by …
Coronavirus – Precautionary Measures being taken by RWA and Guidelines to Prevent its Spread India now has over Many confirmed cases of COVID-19/Coronavirus. As we are all aware, it takes just one case of Coronavirus infection to put an entire community at risk. Minimizing the transmission risk requires every single person to take part in …
Introduction to Types of NBFC Nowadays NBFC has become an integral part of the financial sector in India. RBI has mandated various types of NBFC carrying of different types of businesses based on their principal object. For carrying on different types of financial lending activities, the NBFC must fulfill the required criteria as provided by …
What is Systemically Important Non-Deposit Taking NBFC(NBFC – ND – SI)? Non-Deposit taking NBFCs having an asset size of Rs. 500 Cr and more as per their audited balance sheet of last financial year are considered as a systemically important NBFC – ND (NBFC-ND-SI). Other NBFC’s having an asset size of less than 500 Cr. …
SECTION-92-ANNUAL RETURN OF COMPANY ANNUAL RETURN The annual return is required to be filed by every company in Form No. MGT.7 which includes all the information of the company as of the closure of the financial year. As per section 92 of Companies Act, 2013, an overview of all the annual returns given in Form …
E payment of Challan 280, 281,282, – Income Tax Department TDS is the abbreviated form for Tax Deducted Source, controlled by the CBDT. TDS Challan is required to pay the TDS sum deducted to the Tax dept. You can use TDS Challan 280, TDS Challan 281, or 282 as needed. Let’s check the complete understanding …
Income Tax Return The tax return is a document that you are expected to file which includes information about your earnings as well as your tax liabilities. These tax return forms are necessary to file with the Income Tax Department. The Income Tax Act, 1961, allows the Indian citizen to send their Income tax returns …
Section 8 Online Registration of Company OVERVIEW According to the companies act, 2013 section 8 companies are one whose objective is to promote the field of art, commerce, science, research, charitable, social welfare. Section 8 Company is an entity licensed for charitable purposes; it can also be applied to as a Non-Profit Entity (NPO) or …