Ace Consultancy

Ace Consultancy "Business Accounts" , "Tax Returns", "Excise", "VAT", "Service Tax"

Ace Consultancy is the One stop Solution for all Business Accounts and all matters relating to
• Income Tax
• TDS
• Service Tax
• VAT
• Excise
• PAN & TAN application
Forming of various firms and companies, providing proper guidance for tax planning and accounting solutions.

Non-filers of GST returns for 2 months to be barred from generating e-way bills from June 21CBIC has notified June 21, 2...
30/04/2019

Non-filers of GST returns for 2 months to be barred from generating e-way bills from June 21

CBIC has notified June 21, 2019, as the day from which any "consignor, consignee, transporter, e-commerce operator or courier agency" would be barred from generating electronic way or e-way bill for failure to file tax returns for the stipulated time period as mentioned in the GST rules.
As per rules, a composition scheme taxpayer who has not furnished the returns for two consecutive tax periods and a regular taxpayer who has not filed returns for a consecutive period of two months would be restricted from generating e-way bill
Do not Mention Any Incorrect Information GST Annual return. Though the deadline of filing the GST Annual returns has been extended to June 30, 2019 but it is pertinent to note that GST Annual Returns in GSTR 9 cannot be edited once filed. Moreover, any incorrect information will attract penalties and will leave a room for long term litigation. Hence, it is the duty of every tax payer to make an accurate and precise declaration of the transactions.The assessee needs to ensure that the consolidated turnover for the mentioned period should match with GSTR 3B and GSTR 1. In case of any difference or instance where turnover was not disclosed, the same should be mentioned. Further, the GST liability mentioned in the books should match with the GST liability to be paid or paid. The liability of IGST, CGST, SGST should be reconciled individually and any breakup should be mentioned separately in financial books.

gst updates # gstreturnfiling return # GSTannual return of sgst,cgst,igst #

For more details mail us on [email protected] or call us on +91 9924503051

E-invoices to be launched soon under GST• The businesses above a certain turnover threshold will have to generate this n...
29/04/2019

E-invoices to be launched soon under GST

• The businesses above a certain turnover threshold will have to generate this new ‘e-invoice’ system.
• The proposed ‘e-invoice’ is part of the excercise to check GST evasion.

gst updates billing # e-invoices evasion # GST threshold #

For more details mail us on [email protected] or call us on +91 9924503051

• ENHANCEMENTS IN E- WAY BILL :-1. Auto calculation of route distance based on PIN code for generation of EWB.2. Knowin...
29/04/2019

• ENHANCEMENTS IN E- WAY BILL :-

1. Auto calculation of route distance based on PIN code for generation of EWB.

2. Knowing the distance between two PIN codes.

3. Blocking of generation of multiple E-way bills on one invoice/document.

4. Extension of E-way Bill in case of Consignment in transit.

5. Report on EWB which are about to expire.

gst updates #

For more details mail us on [email protected] or call us on +91 9924503051

GST Council removes rule that raised tax outgo of large firmsUpdated: 25 Apr 2019, 12:59 AM IST• Firms can now easily us...
25/04/2019

GST Council removes rule that raised tax outgo of large firms
Updated: 25 Apr 2019, 12:59 AM IST

• Firms can now easily use credit for payment of tax on inter-state transactions to settle their tax liability
• The limits introduced from Feb had forced firms to use IGST credits in a certain order that limited their ability to manage their final tax outgo with the tax credits available on the ledger

NEW DELHI: Federal indirect tax body, the Goods and Services Tax (GST) Council, has removed the limits placed on companies from February this year on settling their tax liability with credits for taxes paid previously on raw materials and services. The move comes after businesses said the restrictions have led to an increase in their tax outgo.
In a clarification issued to field officers on Tuesday, the Central Board of Indirect Taxes and Customs (CBIC) granted full flexibility to businesses in using the credits for taxes paid on inter-state transactions (integrated GST or IGST) in settling the liability towards GST payable to Union or state governments.

CBIC said credits from paying taxes on interstate transactions (for raw materials and services) can be used for setting off the GST liability to central or state governments in any order or in any proportion. The only rider is that if finished goods move across state borders, the IGST credit should first be utilized for settling that liability and the surplus could be utilized for meeting the tax liability towards central or state GST.

Restrictions on the use of tax credits were impacting big companies as they have a vast value chain across states and have large amounts of input tax credits on their ledger on account of transactions across state borders.
The flexibility to use credits from inter-state transactions is a relief for businesses as it is more fungible and can be utilized for meeting tax liability to Union or state tax authorities. On the other hand, credits from CGST and SGST payment cannot be cross-utilised.

gst updates credit # igst #

For more details mail us on [email protected]

24/04/2019

Great offer!!
Business Accounts and tax related services (Your one stop solution) will be available @ 50% lower. Pls call @ 9924503051 for Quotation.

Offer valid for Business established on or after 1st April, 2018

# gst returns compliances tax returns # Audit services incorporation compliances #

03/01/2019

Hello Everyone,

Urgent Requirement :

We are looking for the following positions for our clients. Interested candidates please mail your cv on [email protected]

1. Accountant - Rakhial - 1 position
Office time - 9:00 a.m. to 6:00 p.m.
Work Responsibilities : Day to day accounting, Sales despatch, e-way bill, filing of documents, etc.

2. Accountant - Pirana - 1 position - Only Male
Office time - 10:00 a.m. to 6:00 p.m.
Work Responsibilities : Day to day accounting, Sales despatch, e-way bill, filing of documents, etc.

01/06/2018

Hello Everyone,
Time to file your Income Tax return for the Financial year ended on 31/03/2018.
Last date for filing Returns without penalty is 31/07/2018.
Contact Ace Consultancy on + 91 9924503051 or write to us on [email protected] for any querries and timely compliance.

06/03/2018

Seeking candidates for the following positions in Ahmedabad:
1.Purchase Executive - Min experience 5-6 years
2.Accountant - Min experience 3-4 years
3. Tally Data Entry Operator - Min experience 1-2 years
4.Export-Import Executive - Min experience 4-5 years
Interested candidates pls forward your cv on [email protected]

07/09/2017

For proper maintenance of Accounts and timely compliance of GST Returns contact on 9924503051

30/12/2016

We are looking for fresher's( Male candidates only) for the post of accountant in our client company in Ahmedabad. Interested candidates please mail their cv on [email protected] or contact on 9924503051

20/06/2016

For filing income- tax returns please contact or message on +91 9924503051 or mail your details on [email protected]

04/06/2016

Companies in Ahmedabad having requirement of Assistant and Senior Accountants can contact us on +91 9924503051 or mail us at [email protected]

Address

Nava Naroda
Ahmedabad
382330

Telephone

+91 99245 03051

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