Sumit S Kumar & Associates, Chartered Accountants

Sumit S Kumar & Associates, Chartered Accountants Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Sumit S Kumar & Associates, Chartered Accountants, Financial service, WZ-57 FIRST FLOOR, TITAR PUR, OPPOSITE TO METRO PILLAR NO. 431, NEAR TAGORE GARDEN METRO STATION, Delhi.

Sumit S Kumar & Associates (SSKA) is a Chartered Accountant Firm serving its client in the field of Business Accounting, Statutory Audit Services, Tax Advisory Services, Business Process Outsourcing, Corporate Law Advisory, Business Advisory and Management Consulting Services, Corporate and Business Restructuring Services and other related services.

* HOW TO READY FOR GST *Dear Client, 1. Get Complete your working for Closing Stock for the period 31.3.2017 / 30.6.201...
08/06/2017

* HOW TO READY FOR GST *

Dear Client,

1. Get Complete your working for Closing Stock for the period 31.3.2017 / 30.6.2017 before GST Implementation date .
2. Allocate your such stock into quantative mode.
3. Get the A/c Statement from your Suppliers / Creditors for the year ended 31/3/2017 & compiled them from your books.
4. Rectify *Mismatch Reports of Purchases *, if persists .
5. Revise your Vat Returns if point no.4 applies to you.
6. Make strict follow-up to Collect all the C forms/H Form/ I forms .
7. Get your Books Finalise for FY 2016-17
8. Make a separate file of those items which are shown in your Unsold stock as on 30.6.2017 e.g. Purchase Bills/ Bill of Entry/ Excise Paying Documents etc.
9. Stock ageing be made to ascertain if any stock is more than 1yr old. If yes then dispose it off immediately or sell it to your sister concern against Tax Invoice locally.
10. Classify stock tax rate wise, purchased locally to get ITC into SGST.
11. Classify stock purchased on invoices bearing Duty Payment & non duty payments to get ITC transferred to CGST.
12. Inform your GSTIN / ARN to all suppliers of Goods & Services.
13. Obtain GSTIN of all Suppliers & Buyers.
14. Apply for migration in all states if you have centralised registration under Service Tax.
15. Train your accountants for GST accounting and returns formats.
16. Make Chart of HSN CODES & GST Rates on your goods & services to be purchased & Sold.
17. Check whether any stock of one year old is lying with you .
18. Analyse P and L and see which expenses are liable to RCM.
19. Be in regular touch with your GST Consultant.

CA Sumit Kumar

Reverse charge Mechanism under GST..In case of any purchase of goods or supply of services are taken from unregistered d...
06/06/2017

Reverse charge Mechanism under GST..

In case of any purchase of goods or supply of services are taken from unregistered dealer by registered dealer, then GST will be paid and deposited by purchaser or services recipient.. i.e purchases from unregistered dealer will be discouraged..

GST NUMBER FORMAT....
05/06/2017

GST NUMBER FORMAT....

*GST Alert*GST Council on Saturday cleared the pending rules for the rollout of the new indirect tax regime from July 1....
04/06/2017

*GST Alert*
GST Council on Saturday cleared the pending rules for the rollout of the new indirect tax regime from July 1. This include transition provisions and returns.

All states have agreed to the July 1 rollout timeline. "

*Transition*
1. where the output tax is chargeable at 18% or more - 60% credit to be available to traders.
2. Where tax rate is less than 18%, 40% credit shall be given.

Final return rules and formats uploaded on CBEC Sitehttp://cbec.gov.in/resources//htdocs-cbec/gst/03062017-return-rules.pdf

*Rates as under:*
1) Yarn & fabrics cotton -5%
2) Textile - 5%
3) Readymade garments -12%
(Apparel below Rs.1000-5%)
4) Biscuits -18%
5) Gems&Jewellery -3%
6) Diamonds -3%
7) Rought diamond - 0.25%
8) Gold&Silver - 3%
9) Beedi -28%(without cess)
10)Manmade fibre-5%
11) Footware500 -18%
13)synthetic fibre-18%
14) Packaged food item sold under registered trade mark-5%
15)Agri machinery -5%
16) Silk and jute-0%

Regards
Ca Sumit Kumar

GST Will abolish the existing taxes..
01/06/2017

GST Will abolish the existing taxes..

Let's study something about GST...
01/06/2017

Let's study something about GST...

01/06/2017

What is GST?

Goods and Service Tax is a tax proposed to be levied on supply of goods and services right from the point of manufacturing to final consumption by user. In short it is a destination based tax accruing at the place of sale/ supply.

Kèep watching this space.....

31/05/2017

GST IS NOT THE CHANGE IN TAX ONLY.. IT IS THE CHANGE IN WAY OF DOING BUSINESS AS WELL... Keep watching this space....

31/05/2017

GST Migration: The enrollment window will be reopened for 15 days from 1st June, 2017 to give another opportunity to taxpayers to enroll.

03/05/2017

Last date to pay vehicle tax extended

The motor vehicle department has extended the last date for one-time settlement scheme for vehicle owners to pay their vehicle tax arrears up to or above five years.

According to an official statement here on Saturday, the validity of the scheme would be extended till December 31, 2017. As per the scheme, vehicle with five or more years of tax arrears as on March 31, 2017 can pay tax. Transport vehicles need to remit only 20% of the five years' tax arrears and non-transport vehicles need to pay up to 30% of five years' total tax to avail the tax break.

The remaining tax amount up to March 31, 2017 of the vehicles would be written off as per the scheme. Vehicle owners need not to submit registration certificate, insurance certificate or welfare fund receipt for paying tax under this scheme, the statement said.

Address

WZ-57 FIRST FLOOR, TITAR PUR, OPPOSITE TO METRO PILLAR NO. 431, NEAR TAGORE GARDEN METRO STATION
Delhi
110027

Opening Hours

Monday 10am - 8pm
Tuesday 10am - 8pm
Wednesday 10am - 8am
Thursday 10am - 8pm
Friday 10am - 8am
Saturday 10am - 6pm

Telephone

9716202162

Website

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