Instant Tax Solution

07/06/2024

**Seeking Article Assistant for Our CA Firm in RDC Ghaziabad**

We are a well-established Chartered Accountancy firm based in RDC Ghaziabad, committed to delivering top-notch accounting, auditing, taxation, and financial advisory services. As our firm continues to grow, we are in need of a dedicated and detail-oriented Article Assistant to join our team.

Please contact on 7503298490

With regards
Sourabh

19/04/2022

Legal services for new startups at an affordable price..
Contact immediately for your work setup and consultancy is 100%
Promote business and make India's Economy better..


Contact immediately- 7503298490, 9899510144 for any query...

26/06/2020

Great Rishabh

कितने आसान तरीके से समझाया गया है MSME को।
विडिओ देखिये और आप भी समझिये क्या होता है MSME और अपने Business को भी रजिस्टर कराये MSME में ताकि आप भी MSME से मिलने वाले लाभ प्राप्त कर सकें।
👇👇👇👇👇👇👇👇👇
https://youtu.be/fQdGYzL-4tE

और अधिक जानकारी के लिये अभी संपर्क करें-
ऋषभ शर्मा (कर अधिवक्ता)
Taxtion Free & Co.
7065966565,7503298490,9899510144

02/07/2017

https://www.facebook.com/pg/TaxtionFree/community/

28/06/2017

Good news for income tax assesses:

Proposed Income Tax slab rates by Central Board of Direct Taxes to be implemented from the next Financial Year (2017-18)...

There will be 4 slabs unlike 3 at present...

Up to 4,00,000 : Nil

4,00,001 - 10,00,000 : 10%
10,00,001-15,00,000 : 15%
15,00,001-20,00,000 :20%
20,00,001 & above : 30%
It is official information, released this evening by CBDT (as received).

https://finapp.co.in/tax-slab-rate/

Budget 2017 : Corporate Tax Rate Reduced to 25% New Income Tax Slabs for FY 2017-18 (AY 2018-19) have been provided based on the Finance Budget introduced by the Hon’ble Finance Minister on February 01, 2017. While the income tax slabs have been kept unchanged, some interesting changes have been mad...

10/06/2017

Supreme Court of India Today on 9th of June 2017 upheld the constitutional validity of Section 139AA of Income Tax Act which made mandatory linkage of IT returns with Aadhaar. However the Court has partially stayed the operation of the Section subject to the outcome of the Constitution Bench Judgment in the main Aadhaar Case in which the very validity of Aadhaar is challenged. The Bench has made it clear that those who don’t have Aadhaar need not apply for it for the purpose of filing IT returns. The Court also said that S.139AA has no retrospective effect.

09/06/2017

06/06/2017

You can check whether a person/firm/company have migrated to GST or not in a particular state on below link:

https://services.gst.gov.in/services/check-registration-status

You only need a VALID PAN no. of that person/firm/company

06/06/2017

23/05/2017

GST INVOICE TAX FORMAT

22/05/2017

https://www.facebook.com/taxadvisor9090/

Preparation of INCOME TAX RETURN , VAT RETURN, TDS RETURN..

20/05/2017

Certain important points noted are :

# GST will 100% be implemented on 1.7.17

# Types of taxation in GST
IGST : Integrated GST
CGST : Central GST which with replacement CST
SGST : State GST which will replace VAT

# WEF from 1.6.17 : Migration towards enrolment of GST will start till 15.6.17

# Registration certificates will be issued online

# there will be no check post for 1 year. Only mobile check posts will be in full force. All intelligence officers will be dormant for sometime.

# 5 forms on different dates have to be submitted every month
R1 form on 10th
R2 form on 13th
R3 form on 15th
R4 form on 17th &
R5 form or final returns on 20th
You cannot file revised returns at all. Once filed on 20th is final.

# tax payments will be accepted only by e payments. Tax Payments via credit & debit card also added.

# In the present Vat system you upload sales & purchases every month. In GST you have to upload every sale & purchase bill.

# be careful , every thing in GST is system driven. Once uploaded you cannot revise anything. No officer can help you in this. They can only pity the mistake

# your firm rating will be done by the system. Based on the rating audit trials will be conducted.

# proposed e sugam for ₹50000 & above value only.

# proposed rates of GST in percentage are 0, 5, 8 , 12, 18 , 28 & 40

# 1st time in the history of independent India 4 major category of businesses will be covered : Education, Textiles, Medical & Professional services

# You need to submit 17 documents for migration to GST

# Most products MRP to come down.

# Distribution + C & F channel under threat

# All these categories which were not taxed will now be taxable : Replacements/ return goods, Barters , Free Samples, disposables, scrap material. For example : if you buy a 40 inch led TV from Girias for ₹30000 & return back your old TV in exchange for ₹4000, you have to pay tax on ₹34000.

# All movements of material will be taxable like : Head office to branch office (stock transfer), factory to C & F agent, godown to shop.

# The GST officer has all rights to value your goods & fix the price. The law will decide Valuation of the product at Various levels like : Manufacturing, Wholesalers, Distribution & retailers. For example if Kissan is selling Jam for ₹150 & Patanjali is selling the same Jam for ₹120. (Same quantity, flavour, ingredients etc) Then Patanjali has to pay tax on ₹150.

# All books & records to be maintained on daily basis.

# You will need a full time accountant in your shop/office to maintain books under GST.

# All travel & tour expenses related to business have to be claimed under firm name.

# If your vendor does not upload his bills within 180 days , you will not get tax credit.

# You cannot claim credit for material in stock beyond one year.

# They propose that You have to dispose all your old stocks purchased under VAT/CST within September 2017.

# All VAT related documents like C forms, F forms etc have to be cleared within Sept 2017.

# Your Vat credit will not be carry forwarded to GST.