Udyamica Professionals Important and must know changes in Public Provident Fund before advising clients to invest in PPF Account As per Ministry of Finance notification (GSR 915 E) dated 12th December 2019, there have been made some changes in the Public Provident Fund Scheme (PPF) Salient features of new PPF Scheme are as follows: 1. Can Joint Accounts be opened under … Read more
GSTR 9C- New offline tool available finally ! Most awaited updated Offline Utility of GSTR – 9C is finally available on https://www.gst.gov.in/download/gstr9c Few changes in release 1.5 : Multiple fields now accept negative values. Column 14S made optional Cash flow statement is now optional. Multiple changes in certificate as amended. Fixed some records stuck as … Read more
Last date for filing GSTR-3B has been extended to December 23, 2019. #Flash News On www.gst.gov.in Also check CBIC tweet @ https://twitter.com/cbic_india/status/1208329188425363456?s=09 #Update to blog date 23/12/2019 Access notification issued on 23/12/2019 http://cbic.gov.in/resources//htdocs-cbec/gst/notfctn-73-central-tax-english-2019.pdf
E-Invoices under GST The GST Council has approved introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System, starting from 1st January 2020. Who is liable to prepare e-invoices? Registered person, whose aggregate turnover in a financial year exceeds one hundred crore (Rs. 20 … Read more
Forms available on GST Portal for Taxpayers and Tax Officials Government has issued various forms for GST related compliances to be made by taxpayers and for taking actions on them by tax officials. Various forms issued for registration, filing returns or refunds etc. have been made available on the GST Portal. To know the details … Read more
Letter of Authority for Tax Practitioners (Income Tax) LETTER OF AUTHORITY I/We ________________, Proprietor/Partner/Director of _______________________, hereby authorize Mr./Mrs./CA __________________________ to appear, represent, and settle on my/our behalf the Income tax assessment proceedings before the Income Tax Officer / Assistant/Dy. / Commissioner of Income Tax or in appeal before the Appellate Assistant Commissioner of Income … Read more
Availability of National Electronic Funds Transfer (NEFT) System on 24×7 basis RBI has decided NEFT facility will be available 24*7*365 DAYS from 16th December, 2019. Features of new NEFT facility: There will be 48 half-hourly batches every day. The settlement of first batch will commence after 00:30 hours and the last batch will end at … Read more
E-Way Bill system will have a new feature of blocking/unblocking of the taxpayers, from generating e-way bills. That is, if the GST taxpayer has not filed Return 3B (as per 38th GST Council Meeting dated 19/12/2019, it is proposed to include GSTR1 as well )for the last two successive tax period in GST Common portal, … Read more
Stamp Duty Rates for frequently used registrations in Maharashtra Sr Description of Instrument Stamp Duty 1 Affidavit (Exemption: for use in the Court or Tribunal), as a condition of enrollments under the air force act 1950 or navy Act 1957 ₹ 100w.e.f. 14/10/2024 ₹ 500/- 2 Articles of Association of a Company On the share capital, thereof subject … Read more
CA certificate format for GSTR-10 final return Certificate under the State Goods and Services Tax Act, 2017 and the Central Goods and Services Tax Act, 2017 in terms of Section 29(5) of the said Acts Independent Practitioner’s Certificate under the Central Goods and Services Tax Act, 2017 (in terms of Section 29(5) of the said Acts and … Read more