PARAS MOHAR & CO

14/03/2020

39th GST Council Meeting Highlights

-Extend deadline for filing of GSTR9 & GSTR9C for FY18-19 till June 30, 2020.
-Filing to be mandatory for taxpayers over Rs 5cr of annual turnover.
- 3B to continue till September and defer the new return system.
-Proposal to defer taxability of economic surplus of brand owners of alcohol for human consumption.
- Application cancelled till March 14, application for revocation cancellation can be filed till March 31, 2020.
-GSTR-1 to be made compulsory only for making B2B supplies, amendment and exports.
- B2C and non-filers of GSTR-3B to be exempted from filing GSTR-1
Before 10th for turnover greater than Rs 1.5 cr
Before 13th for turnover lesser than Rs 1.5 cr GSTR-2A to be generated on 14th of every month
-Council approves Scheme named “Know your Supplier” sb

Relief
1. Interest for delay in GST payment will now be charged on next cash liability under Section 50, shall be applicable from July 2017
2. Aircraft MRO Tax cut to 5% from 18%.
3. Match sticks : machine and handmade are 12% now
,4. Mobile to be taxed at 18 percent (Old rates 12%) means become costlier.

27/11/2019

18/11/2019

15/11/2019

*Key points of GST Press Release Dated 14th November,2019*

1. Due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 extended to 31 st December 2019.

2. Due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2018-19 to extended 31 st March 2020.

3. No need to fill HSN level information of outward and inward supplies.

4. Not to provide bifurcation of input tax credit availed on inputs, input services and capital goods.

03/09/2019

Following information are required to generate UDIN in case of Statutory Audit of Companies:-

1. Financial Year
2. PAN
3. Gross Turnover/ Gross Receipts
4. Shareholders Fund/ Owner Funds*
5. Net Block of Property, Plants and Equipment**
6. Firm Registration Number.

* It includes Paid up capital and Reserve & Surplus
** This is WDV amount after reducing depreciation.

Working Profile :- Sales Tax, Services Tax, Income Tax, TDS,ROC Filling,
Project Report, Audit by C

17/10/2018

Breaking News -
कम्पोजीशन डीलर्स
सरकार ने अभी - अभी कम्पोजीशन डीलर्स की खरीद की सूची का प्रावधान हटा लिया है।

09/01/2015

08/04/2014

Working Profile:
ALL FACILITY PROVIDE UNDER ONE ROOF

I ) ACCOUNTING & STATUTORY LIABILITIES
Accounting Workshop & All Statutory Taxes -
ROC Filling, Service Tax, Sales Tax, TDS, Income Tax, PF , ESIC etc.
II ) FINANCE SERVICES
Project Report, Home Loans, Term Loans, Projected B/S etc.

Audit by CA ( Chartered Accountant )
Full Time CA Facility for Signature, Attestation etc.