Vikas Naresh & Associates, Chartered Accountants

04/01/2024

From January 2024 onwards, the GSTN has incorporated two additional tables within GSTR-1, facilitating a more comprehensive reporting system:

Table 14 – Dedicated to "Supplies Made Through E-Commerce Operators," this table enables the inclusion of details pertaining to taxable outward supplies made through e-commerce operators.

Table 15 – Focused on "Supplies under Section 9(5) of the CGST Act," this table allows the inclusion of details regarding taxable outward supplies for which the e-commerce operator is obligated to pay tax under Section 9(5) of the CGST Act.

28/12/2023

08/09/2023

ROC imposes Penalty for not filing INC-20A on time

link:

31/07/2023

The Bombay High Court quashed the reassessment proceeding by relied on the decision of the Supreme Court in the case of Gemini Leather Stores v. Income Tax Officer, in which it was held that there cannot be a failure on the part of the assessee to disclose truly and fully all material facts as the Assessing Officer, during the proceedings under Section 143(3) of the Act, had material facts before him when he made the original assessment. The Apex Court held that the Assessing Officer cannot take recourse to reopen to remedy the error. (Mukand Limited v. UOI, date of order 14.07.2023)

05/06/2023

20/03/2023

Hiring for FFMC Company

Role: Senior Accountant/Junior Accountant

Location- Dwarka sector 5

B.com/M.com who has worked in CA firms will be preferred.

Experience - 0-3 years

The candidate for this role must have strong hold in -
In depth knowledge of accounting provisions and bookkeeping.
Knowledge about various provisions of TDS, TCS, GST, TDS on payment. Experience of handling Statutory and Tax Audit.
Working knowledge of preparing and filing TDS and GST Returns.

Please send your resume [email protected]

17/03/2023

TDS ON SALE OF PROPERTY BY NRI

22/08/2022

𝗣𝗵𝗮𝘀𝗲𝗱 𝗺𝗮𝗻𝗻𝗲𝗿 𝗼𝗳 𝗚𝗦𝗧 𝗲-𝗶𝗻𝘃𝗼𝗶𝗰𝗶𝗻𝗴 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻

e-Invoice is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. e-invoicing was gradually made compulsory in a phased manner. The mandatory e-invoice requirement has been rolled out in the following manner:

👉 Phase 1: For entities having turnover of more than 500 crore - October 1, 2020

👉 Phase 2: For entities having turnover of more than 100 crore - January 1, 2021

👉 Phase 3: For entities having turnover of more than 50 crore - April 1, 2021

👉 Phase 4: For entities having turnover of more than 20 crore - April 1, 2022

👉 Phase 5: For entities having turnover of more than 10 crore - October 1, 2022

01/08/2022

CBDT Reduces time limit for e- verification of ITR from 120 days to 30 days of filing the return.
However, for ITR Filed upto 31/07/22 time limit of 120 days would continue to apply. ITR Filed from 01/08/22 new time limit of 30 days would be applicable.