Finshort

24/05/2020

CFA Investment Foundation Program - Complete Registration Process

LEARNING OUTCOMES = CFA Investments Foundations Program - Complete Registration Process SYLLABUS PDF LINK : https://drive.google.com/file/d/1881uJ-67noox-tYN...

15/05/2020

SECTION 9 OF CGST ACT provides levy and collection of GST and payment of the same.

https://youtu.be/gCsc5Z5AdB4

Hope to stay in touch even in future

Regards SkillShort Family
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SECTION 9 OF CGST ACT provides levy and collection of GST and payment of the same. Hope to stay in touch even in future Regards SkillShort Family Review link...

13/05/2020

Negative list under GST

SCHEDULE 3 NEGATIVE LIST UNDER SECTION 7 provides for activities or transactions which shall be treated neither as supply of goods nor a supply of services. ...

08/05/2020

https://youtu.be/_lBtqR4EqXc

LEARNING OUTCOMES: Schedule 1 Part -2 Under Supply INSTITUTE: SKILLSHORT ( https://maps.app.goo.gl/15euB ) LECTURE BY: CA CS RUPA JAIN In this video, we shal...

04/03/2020

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17/07/2018

Don't get late.
Contact us.

08/04/2018

Easy Trick to Learn Manner of ITC Utilisation:

Let's see a small story first and then we will understand this topic.

I stay in my home with my wife and my mother. All three of us are employees earning a salary.

My wife does not like my mother and my mother hates my wife. They both are not in good terms.

If My mother has any excess money, she gives it to me, but she does not give to my wife.

If my wife has any excess money, she gives to me and she will never give it to my mother.

Now, if I have any excess money, first I will always give my mother and remaining money I will give it to my wife.

Now, let's relate this to the topic, 'Utilization of Input Tax Credit'.

IGST - Me
CGST - My Mother
SGST - My Wife

Excess ITC in CGST (My Mother) can be used against IGST (Me), but not SGST (My Wife).

Excess ITC in SGST (My Wife) can be used against IGST (Me), but not CGST (My Mother).

Excess ITC in IGST (Me) will be first used against CGST (My Mother), and remaining for SGST (My Wife).

07/04/2018

Hi,
We at FINSHORT aim to provide our clients a "ONE STOP DESTINATION FOR ALL THEIR ACCOUNTING, FINANCING AND TAXATION ISSUES"
We have a team of experienced and trained personnel who have successfully assisted our clients.
We at FINSHORT firmly believe in Client Satisfaction.

We have clients in different industries like Textile, Plastic Manufacturing, Imported Cosmetics, Transport Business, Readymade Garments, IT etc.

We start right from making Trade Liscence for a proprietor to advising on Business Expansion and Growth.

We also assist our clients in the matters of Project Financing.

We also provide regular updates on Taxation matters.Join our whatsaap group "Taxation Updates" through the link provided below:
https://chat.whatsapp.com/2tbwZMZetxt6zfxs0RnTpm

For further details visit Our page
https://www.facebook.com/TheFinshort/
You can also write to us at :
[email protected]
You can also meet us personally at our office:
7, Adwaitya Mallick Lane
Near Liberty Cinema Hall
Girish Park, Kolkata-700006

Key Management Members
CA Sumit Surana
CA Chetan Choraria,CFA
Mr Rahul Bengani
CA CS Rupa Jain
CA CS Amrita Jain

Feel Free to get in touch with us
+917878870903
+917003074235
+917003907009

Follow this link to join

27/03/2018

*Aadhar linking with PAN*

CBDT extends due date for linking Aadhaar with PAN till June 30, 2018

21/03/2018

1. When does goods become liable to confiscationm,under the provisions of MGL?

As per section 70 of Model GST Law, goods become liable to confiscation when any person does the following:

(i) supplies any goods in contravention of any of the provisions of this Act or rules made thereunder leading to evasion of tax;

(ii) does not account for any goods on which he is liable to pay tax under this Act;

(iii) supplies any goods liable to tax under this Act without having applied for the registration;

(iv) contravenes any of the provisions of the CGST/ SGST Act or rules made thereunder with intent to evade payment of tax.

2. What powers can be exercised by an officer during valid search?

An officer carrying out a search has the power to search for and seize goods (which are liable to confiscation) and documents, books or things (relevant for any proceedings under MGL) from the premises searched. During search, the officer has the power to break open the door of the premises authorized to be searched if access to the same is denied.
Similarly, while carrying out search within the premises, he can break open any almirah or box if access to such almirah or box is denied and in which any goods, account, registers or documents are suspected to be concealed. He can also seal the premises if access to it denied.

08/03/2018

1. When does goods become liable to confiscation under the provisions of MGL?

Ans. As per section 70 of Model GST Law, goods become liable to confiscation when any person does the following:

(i) supplies any goods in contravention of any of the provisions of this Act or rules made thereunder leading to evasion of tax;
(ii) does not account for any goods on which he is liable to pay tax under this Act;

(iii) supplies any goods liable to tax under this Act without having applied for the registration;

(iv) contravenes any of the provisions of the CGST/ SGST Act or rules made thereunder with intent to evade payment of tax.

2. What powers can be exercised by an officer during valid search?

Ans. An officer carrying out a search has the power to search for and seize goods (which are liable to confiscation) and documents, books or things (relevant for any proceedings under MGL) from the premises searched. During search, the officer has the power to break open the door of the premises
authorized to be searched if access to the same is denied.
Similarly, while carrying out search within the premises, he
can break open any almirah or box if access to such almirah
or box is denied and in which any goods, account, registers or
documents are suspected to be concealed. He can also seal the premises if access to it denied.