Form 16
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Form 16 – What are the latest changes that you should know?

Form 16 is a certificate issued by an employer to his employee under Section 203 of the Income-tax Act, 1961 and contains all the details about the amount received by the employee as salary, Tax Deducted at Source (TDS) on salary, and any other deduction claimed by the employee during the year. The Income Tax Department has revised the format of Form 16 and notified the new format that will have more essential details about an employee’s income and deductions. The amended format of Form 16 will come into effect from May 12, 2019. Thus,…

GST Application – What are the rules to follow for new registration verification

As per the Registration rules of Goods and Service Tax, the applicant in order to obtain GST registration, has to electronically submit an application duly signed by him. But due to noncompliance of the said statutory provisions of CGST act, the proper officer of Central Goods and Service Tax has recently canceled a number of applications for new GST registrations. The Central Board of Indirect tax and Customs has noticed that to avoid payment of the outstanding tax liabilities under the existing GST registration, certain taxpayers are…

NCMC -What should you know One Nation One Card?

National Common Mobility Card (NCMC), commonly known as One nation one card is a single card that can be used for doing various transactions. The card was launched by Prime Minister Narendra Modi on 4th March, 2019 at Ahmedabad. This card is supported by Indigenous Automatic Fare Collection System (SWEEKAR) and SWAGAT. The card will benefit millions of travelers in the country. With this facility, India’s dependence on foreign technology will be ended. This card is similar to a debit-credit smart card issued by a bank with some special…

Gratuity – Everything You Need to know about it

Gratuity is a benefit which an employee gets when his employment comes to an end due to the retirement or superannuation. It is an amount as a lump sum payment which is paid by an employer to his employee for his past services rendered for not less than 5 years. The payment of gratuity is a statutory right of the obligation of the employers and a statutory right of the employees as per the payment of Gratuity act, 1972.  The condition of completion of 5 years continuous service is however not essential in case of termination of employment…

Public Grievances redressal Mechanism by Goverment of India

This is very good tool which can be called as an ultimate solutions to all public grievances which is not handled satisfactorily or not handled at all here is a solution to it. The Department of Administrative Reforms And Public Grievances is the nodal agency to formulate policy guidelines for citizen-centric governance in the country. Redress of citizens' grievances , being one of the most important initiatives of the department, DAR&PG formulates public grievance redress mechanisms for effective and timely redress / settlement of citizens'…
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UDIN – Everything a CA needs to know

UDIN or unique Document Identification Number is a 15-digits unique no. introduced and developed by Professional Development Committee of the Institute of Chartered Accountants of India which would be generated by the system for every document certified and attested by a practicing Chartered Accountant. UDIN system was implemented by ICAI on a re commendatory basis on 1st July 2018 but in view of the increasing instances of fraud and forgery involving the stamp and signature of Chartered Accountants, ICAI has made it mandatory for all the practicing…
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E-Form ACTIVE – Everything you should know about it

E-Form ACTIVE (Active Company Tagging Identities and Verification) was introduced by the Ministry of Corporate Affairs (MCA) and according to a recent notification of MCA, e-form ACTIVE (INC-22A) must be filed by all the companies whether public, private, Government or One person Company, that was incorporated on or before 31 December, 2017. Due Date to file E-Form ACTIVE: All the companies that pass the eligibility criteria should furnish the particulars and address of the registered office in E-Form ACTIVE before 25 April 2019. In case…

FSSAI - How to Register for it?

What is FSSAI? Food Safety and Standards Authority of India (FSSAI) is an organization established under the Food Safety and Standards Act,2006 to maintain the safety and quality of food items for the benefit of consumers. FSSAI set standards for hygiene and safety to ensure safe and quality food in any food business. FSSAI Registration: FSSAI Registration is a 14-digit registration number printed on food packages. This registration is mandatory for every food business operator involved in any activity related to food items such as processing,…

Details of inter-State supplies made to unregistered persons in Table 3.2 of FORM GSTR-3B and Table 7B of FORM GSTR-1

A registered supplier is required to mention the details of inter -State supplies made to unregistered persons, composition taxable persons and UIN holders in Table 3.2 of FORM GSTR-3B. Further, the details of all inter-State supplies made to unregistered persons where the invoice value is up to Rs 2.5 lakhs (rate-wise) are required to be reported in Table 7B of FORM GSTR-1. 2. It has been brought to the notice of the Board that a number of registered persons have not reported the details of inter-State supplies made to unregistered persons…