Returns Under GST Detail of 27 returns prescribed under Goods and Services Tax (GST)   S.No Form Frequency Detail Who is required to file Due Date 1 GSTR-1 Monthly Details […]

Penalties under Income Tax Act 1961

Income Tax : Penalties 1. Penalty under Section 270A (Penalty for under reporting and misreporting of income): If during the assessment proceedings, it is found that an assessee have under […]

Letter of Credit

Understanding and Using Letters of Credit Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade. […]

Important links for student of CA/ICWAI/CS

Income Tax:  Official Website http://www.incometaxindia.gov.in E-Filling http://incometaxindiaefilling.gov.in Tax information Network http://www.tin-nsdl.com ITAT http://www.itat.nic.in Service Tax: Official Web Site http://www.servicetax.gov.in e – Filling                                 http://www.aces.gov.in CBEC Official Web Site http://www.cbec.gov.in XBRL: […]

Gst Registration Procedure in India

IMPORTANCE OF REGISTRATION There are various benefits of taking Registration in GST like Legally recognized as supplier of goods or services , Proper accounting of taxes paid on the input […]