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TDS Non Compliance- Here is what you should know

TDS stands for Tax deducted at source, and as the name specifies, under TDS, every person who is responsible for making specific payments like interest, rest, salary etc. must deduct a certain amount as tax before making such payment in full to any person. Basic provisions of TDS: Every person responsible for deducting or collecting […]

Umang App – The new age App by the Government

Umang app also known as Unified Mobile Application for New-age Governance, provides a unified platform for all Indian citizens to avail various Central and State government services. The app can be used by people all over India to access 327 Government services and 73 applications in 17 states. The app supports 13 Indian languages including […]

New ITR Form – What you need to know?

The Income Tax Department has introduced the new Income tax return form with some major changes in the form. The new ITR forms for the assessment year 2018-19 mandate the taxpayers to provide detailed information about their incomes including their GST number and turnover and the salaried class assesses to provide their salary breakup.  For […]

FORM GSTR 9 – What you need to know about it?

FORM GSTR 9 is an annual return that should be filed by the taxpayers who are registered under GST. It should be filled by even those who are registered under the composition Levy scheme. In GSTR 9 form, you would see various information related to supplies received and done during the whole year under various […]

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NFRA – National Financing Reporting Authorities and its Powers

National Financing Reporting Authority was approved by the Central Government this year to ensure better regulation in the financial audit of the large companies. NFRA is an independent regulator that supervises the auditing professions. Central Government took the decision to approve this regulatory authority post the report of Standing Committee on Finance in its 21st […]

How to upload supporting documents in exports through ICEGATE

The Central Board of Indirect Taxes and Customs (CBIC) in one of its recent circulars has requested all the beneficiaries transacting with customs, including importer and exporter,to register themselves at ICEGATE. It has already introduced Single Window Interface for Facilitating Trade (“SWIFT”) for integrating Customs and other Participating Agencies (“PGAs”) for seamless processing of Import […]

GST RFD-01 – Form for Refund and how to file it?

GST RFD-01 A form is introduced by GSTN for online processing of refund under GST.Who can file the GST Refund Application?The application for refund can be filed by any taxpayer in favor of whom the refund order has been issued.2) Filing of GST refund Application by unregistered person:An Unregistered person can file GST refund Application […]