Accounts & Finance

Threshold limits to file Appeals

Reading Time: 2 minutes Threshold limits to file Appeals, In order to reduce the long pending grievances of taxpayers and to minimise litigations pertaining to tax matters and to facilitate the Ease of Doing Business, the Govt of India has decided to increase the threshold monetary limits for filing Departmental Appeals at various levels. Threshold Monetary Limits for filing
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GST Varify App

Reading Time: 1 minute GST Verify App, The Central Board of Indirect Taxes and Customs (CBIC) has developed and launched an Android mobile app named ‘ GST Verify ‘ to safeguard the interest of customers. The object of the Application is to bring transparency in GST Transactions, decrease misappropriation of taxes by not depositing it with the government, The application will verify if
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e-PAN

Reading Time: 3 minutes e-PAN is a digitally signed PAN card issued in electronic format by Income Tax Department using Aadhaar e-KYC process, e-PAN is applicable to resident individuals only (except minors) with Valid Mobile Number & Aadhar, The process is completely paperless – Free of Cost – Need to upload only Applicant Signature. Instant e-PAN online – FAQs Q
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Changes in E-Way Bill System

Reading Time: 2 minutes Intrastate E waybill in Delhi, Finally, The Government of Delhi has decided to implement the intrastate e waybill system and it becomes the last state to implement intrastate e-way bill amongst all States & UT’s in the Country. The Commissioner State GST, Delhi has come out with Notification No. 3 dt.15/6/2018 to compulsorily fill e-way Bill
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Incorporation of Partnership Firm

Reading Time: 3 minutes Incorporation of Partnership Firm Incorporation of Partnership Firm, The Partnership firms are the most famous business entities in India which are governed by the Partnership Act, 1932. The Section 4 of the Partnership Act  1932 defines Partnership as – “An agreement between persons who have agreed to share profits of the business carried on by all
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Atal Pension Yojna

Reading Time: 12 minutes Atal Pension Yojana | APY Atal Pension Yojana, APY The government of India is concerned about the old age income security of the working poor and is focused on encouraging and enabling them to save for their retirement. To address the longevity risks among the workers in unorganized sector and to encourage the workers in
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26th GST Council Meet Recommendations

Reading Time: 4 minutes 26th GST Council Meet Recommendations   Finance Minister chaired the 26th GST Council Meeting on 10th March 2018 in Delhi, Several decisions were taken in this meeting, the decision of 26th GST Council Meet Recommendations are given below The existing system of filing returns has been extended for another 3months and meanwhile, GOM on the IT
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Reading Time: 7 minutes FAQs on goods sent for exhibition, Job work etc Q-1. What will be the treatment for goods sent for the exhibition? Ans: Where the goods are sent for display at an exhibition (including entailing inter-state movement) the same would not constitute ‘supply’ under the GST regime as the same are not supplies made for a
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Reading Time: 2 minutes List of Goods Exempted from e-way bill| E-way Bill system has been rolled out for Interstate movement of goods as well as the intrastate movement of goods in some states Andhra Pradesh, Arunachal Pradesh, Bihar, Haryana, Jharkhand, Karnataka, Kerala, Puducherry(UT), Sikkim, Tamil Nadu, Telangana, Uttar Pradesh, and Uttarakhand w.e.f. 01.02.2018. The Government of India has issued a list
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