Registration Process The SME (Small and Medium Scale Enterprises) owner needs to fill a one-page form(UDHYOG ADHAAR MEMORANDUM) that he can do either online or offline. For online registration, the applicant should visit the official website: www.msme.gov.in In this form, the MSME has to self-certify its existence, details of the business activity, bank account, ownership …
With Notification No. 02/2019 – Central Tax dated 29th January,2019 ,CGST(Amendment) Act,2018 shall be applicable with effect from 1st February,2019.Actually this Act of Parliament received assent of the President on 29th August,2018 , but its applicability date appointed is 1st February,2019 with Notification No. 02/2019 – Central Tax dated 29th January,2019. These amendments are the …
Finance Minister Piyush Goyal, who was appointed on January 23rd, presented the much awaited Interim budget on February 1, 2019. It is the last budget of the Modi Government before the 2019 Lok Sabha elections. Following are the key highlights of the interim Budget 2019-20 presented by Finance Minister Piyush Goyal in the Lok Sabha …
Here is the good news for return filers under GST!!!Now, GST portal would allow amendments in B2B Invoices relating to Financial Year-17-18.GST portal has beenupdated already to allow updation in B2B invoices of FY-17-18.Those who were earlier worried about the wrong filling of GSTR-1 relating to FY-17-18 would now be relieved as they aregetting a …
Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions. The purpose of Audit under GST is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit …
What is the Annual return? Consolidation of information furnished in the forms GSTR 1 , GSTR 2 , GSTR 3 & GSTR 3B Details of Outward Supplies made and Inward Supplies received , categorized into different tax heads: IGST CGST SGST Types of GSTR 9 Forms There are 4 types of Annual Returns under GST: …
Forensic Auditing involves conducting examination and evaluation of a firm’s or individual’s financial information and legalities for determining whether any fraud or negligence has taken place and if yes, to use the evidence collected during such Audit in the court of law. ObjectiveThe objective of FORENSIC AUDIT is to find the audit evidences which are …