GST Revenue collection for March, 2019 crossed Rupees One Lakh Crore and recorded Highest Collections in the FY 2018-19

Total Gross GST revenue collected in the month of March, 2019 is Rs. 1,06,577 crore of which CGST is Rs. 20,353 crore, SGST is Rs.27,520 crore, IGST is Rs.50,418 crore (including Rs. 23,521 crore collected on imports) and Cess is Rs. 8,286 crore (including Rs. 891 crore collected on imports). The total number of GSTR 3B Returns filed for the month of February up to 31st March, 2019 is 75.95 lakh. The […]

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Salient features of Active (Company KYC) form

As you are aware, the Ministry of Corporate Affairs, in its pursuit to improve Corporate Governance and Compliances on the part of the Company after the successful roll out of DIR-3 KYC for Directors/DIN holders, has introduced eform (INC-22A) christened ‘ACTIVE (Active Company lagging Identities and Verification) vide rule 25 A of the Companies (Incorporation) Rules, […]

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CBIC releases format of New GST Return- Normal , Sahaj & Sugam

Proposed Return documents, as approved by competent authority, can now be downloaded from the Download section of the GST PORTAL This is to enable various stakeholders in adapting their systems to make them compatible with the proposed return format and business processes. The proposed new return documents- All three types released on the GST Portal to […]

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Now Incorporate Company with 15 Lakh Capital with Zero Fees

It is well Known that Current Government is Considerably working towards promotion of Ease of Doing Business in India. Pursuant to same the Ministry of Corporate Affairs has introduced a vital amendment. As per the amendment to the Companies (Incorporation) Second Amendment Rules, 2019 dated 06.03.2019, MCA has revised the limit of Rs. 10 Lacs to […]

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Tally’s Free Mobile App on GST to Empower Businesses

Tally Solutions Private Limited (TSPL) has launched its GST mobile application to ensure easy adoption of the Technology led law. The free enterprise app now available on Android and iOS stores is sought to be a rich source of information on Goods and Services Tax (GST) for businesses and will help them understand GST and […]

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Annual GST Return filing due date for FY 2017-18 extended to 30.06.2019

Last date for filing GST Annual Returns for the Financial Year 2017-18 has been extended to 30th June 2019 The GST Act mandates filing of annual return in FORM GSTR-9 and FORM GSTR-9A. Vide Order No 3/2018-Central Tax, dated 31.12.18, the last date for filing the Annual Return for the Financial Year 2017-18 has been […]

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ITO jailed for accepting bribe & acquiring disproportionate assets

FIVE YEARS RIGOROUS IMPRISONMENT TO THEN DEPUTY CHIEF CONTROLLER OF EXPLOSIVES, PETROLEUM & EXPLOSIVE SAFETY ORGANISATION AND THREE YEARS RI TO THEN INCOME TAX OFFICER IN SEPARATE CASES The Special Judge, CBI Cases, Chandmari, Guwahati(Assam) has convicted Shri Anil Kumar Kunj, then Deputy Chief Controller of Explosives, Petroleum & Explosive Safety Organisation (PESO), Guwahati in […]

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Tally launches e-Way Bill software for effective solutions

The product is priced at Rs 18,000-plus GST for a single user edition and Rs 54,000-plus GST for a multi-user edition, the same as earlier. The business software provider Tally Solutions has launched its latest software Tally.ERP 9 Release 6.4, which caters to effective e-Way Bill compliance. The product is priced at Rs 18,000-plus GST […]

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Clean Transactions, Cleaner Economy, Go Cashless, Go Clean

DON’T Accept cash of Rs.  2,00,000 or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion. Receive or repay Rs.  20,000 or more in cash for transfer of Immovable Property. Pay more than Rs.  10,000 in cash relating to expenditure of business/profession. […]

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