RK Associates

RK Associates Taxation & Accountancy

Income tax date extended
30/12/2020

Income tax date extended

Extension of due dates for Annual Return and Reconciliation Statement of Gst for 2018-19.
24/10/2020

Extension of due dates for Annual Return and Reconciliation Statement of Gst for 2018-19.

In view of constraints being faced by taxpayers due to COVID-19,CBDT further extends due dates for various compliances f...
24/10/2020

In view of constraints being faced by taxpayers due to COVID-19,CBDT further extends due dates for various compliances for FY 2019-20:
The due dt of furnishing Income Tax Returns(ITRs)for taxpayers whose accounts require to be audited has been extended to 31st, January,2021

TCS Applicability
28/09/2020

TCS Applicability

09/09/2020

Key Actionable Items for FY 2019-20 before September 2020 GST returns
Taxpayers under regular category are filing GSTR 1 and GSTR 3B to report their transactions. GSTR 1 is for reporting of details of outward supplies including amendments if any and GSTR 3B is for reporting summary transactions for payment of taxes and claiming ITC.

Transactions relating to the tax period April 2019 to March 2020 may be rectified while filing returns for September 2020 (Last date to file GSTR 3B for September 2020 is 20th October 2020). No additional claim of missing ITC may be made post filing of September 20 returns. You shall lose the right to claim any eligible ITC which appears in your books of accounts.

Action to be taken before on or before filing returns for September 2020 -
Reconcile ITC appearing in GSTR 2A with Inward Register
Claim missing ITC not appearing in Purchase Register
Follow up with suppliers who have not reported invoice details for sales made to you
Reconcile if invoices raised to customers are reported in B2B (customers with GSTIN) or in B2C (URD customers)
Reconcile turnover reported matches with Books of Account as well as GSTR1/3B
Issue any pending credit notes pertaining to taxable outward supplies

26/08/2020

To boost the stagnant real estate market hit by COVID-19, the Maharashtra government on August 26 decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020, sources said.

Stamp duty from Jan 1, 2021, until March 31, 2021, will be 3 percent, they said.

The decision was taken at the state cabinet meeting on August 26.

In light of COVID-19, taxpayers were given certain compliance-related relaxations to ease their burden. Relief was provi...
24/08/2020

In light of COVID-19, taxpayers were given certain compliance-related relaxations to ease their burden. Relief was provided by way of payment deferrals, reduced interest rate, and waiver of late fee/capping of late fee to Rs 500 in certain cases.

चलो फिर से वो नजारा याद कर लें,शहीदो के दिल में थी जो ज्वाला वो याद कर लें,जिसमें बहकर आजादी पहुंची थी किनारे पर,बलिदानि...
15/08/2020

चलो फिर से वो नजारा याद कर लें,
शहीदो के दिल में थी जो ज्वाला वो याद कर लें,
जिसमें बहकर आजादी पहुंची थी किनारे पर,
बलिदानियों के खून की वो धारा याद कर लें।

Address

RK Associates, Shop No. 16, Kt Nagar Phase 1, Sai Nagar, Near Ambadi Road, Vasai West
Mumbai
401202

Opening Hours

Monday 11am - 7pm
Tuesday 11am - 7pm
Wednesday 11am - 7pm
Thursday 11am - 7pm
Friday 11am - 7pm
Saturday 11am - 3pm

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