Voter ID

Above 18 Years – Here is how you should Enroll for Voter ID Card

A Voter ID card is an identity proof issued to the citizens of India who are eligible to cast vote in the upcoming elections. This card is issued by the Election Commission of India. Voter ID card is also known by many other names such as Election Photo Identity Card, election card or Voter’s card and contains a unique serial number and important details of the voter like the photograph, name, date of birth and gender etc. on the front side and residential address and signature of issuing authority on the back side of the Voter’s ID Card. Only…

Importing Invoices from e-Way Bill System into Form GSTR-1

Taxpayers supplying taxable goods valued of Rs. 50,000 and above, generate e-way bills, where details of invoices have to be given by them. Further, the invoice details for business to business sales, made by them, have to be given in Form GSTR-1. To avoid duplicate data entry, GSTN has provided a facility to taxpayers, where months e-way bill data can be imported by the taxpayer in their Form GSTR-1 (which is required by a taxpayer to fill up the Form). While generating EWB details of supplier, receiver & other invoice details like number,…
NACIN

GST Practitioner – Which exam should you pass to become one

The examination of Goods and Service Tax Practitioners (GSTPs) is a computer based examination conducted by The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) for confirmation of enrollment of GSTPs. Every person who has enrolled as GST practitioner under the current regime for not less than 5 years on the GST common portal is required to clear this exam otherwise their enrolment ID will not be held as a valid ID. A look at the Registration Process All the eligible GST Practitioners can register for the examination by…
Blockchain

Blockchain - What is it and how it works?

The Blockchain is the much talked about technology behind Bitcoin but it is not just limited to the Cryptocurrency. In the words of Don & Alex Tapscott, authors Blockchain Revolution, “The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” How does it work? The word Blockchain is made of two words ‘Block’ and ‘Chain’ where Block consists of the information which is stored digitally in the blocks and then…
TDS
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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 the tax is required to obtain TAN (Tax Deduction Account NumberIt is mandatory to quote TAN in all TDS returns.Tax shall be deducted or collected at source at the applicable rate of TDS.Amount of TDS received shall…

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 Hindi and English. Umang app was launched by the Government of India with the main objective of speeding up the process of embracing digital payment transactions and fast-track mobile governance in India.…
Income Tax

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 the first time, a penalty will be levied on returns filed after the due date. The new Income Tax Returns have been uploaded on the official website of the income tax department (www.incometaxindia.gov.in). To…

File your FORM GSTR 1/3B/4 on GST Portal without late fee, during the period 22.12.2018 to 31.03.2019

It is to inform you that, late fee payable on filing of Form GSTR 1, Form GSTR 3B & Form GSTR 4, pertaining to the tax period from July 2017 to September 2018, if filed between the period 22ndDecember 2018 till  31st March 2019, has been completely waived off. Thus, now no late fee will be charged from taxpayers in respect of their filing of Form GSTR 1, Form GSTR 3B or Form GSTR 4, pertaining to period July 2017 to September 2018, if filed between the period from 22nd December 2018 till 31st March, 2019. You are therefore…

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 tax heads such as CGST, SGST and IGST. You should also understand the types of return under GSTR-9 form. There are four different types of form under the GSTR-9 forms. These forms are as follows: GSTR 9 – This form should be filed…