GST
GST on ice cream
GST on ice cream Ice-cream manufacturers Ice cream manufacturers have to pay GST @ 18% (HSN – 21050000) despite major ingredients (i.e., milk, sugar, fruits, etc) used to manufacture ice cream being exempt from GST. […]
Articles by CA Ankita Khetan
GST
GST sections amended in Finance Act 2021 yet to be notified
GST sections amended in Finance Act 2021 yet to be notified Finance Act 2021 made around sixteen amendments which include insertions and substitutions made in the CGST Act 2017 as well as the IGST […]
GST
Aadhaar Authentication under GST
Aadhaar Authentication under GST CGST Notification no. 17 dated 23rd March 2020 – Aadhar authentication was made mandatory for individual taxpayers Proprietorship Proprietor Partnership Firm Partner Hindu Undivided Family Karta CGST Notification no. 18 dated […]
GST
GST CMP 08 Due Date
Specimen of FORM GST CMP – 08 Statement for payment of self-assessed tax would require the following basic details like GSTIN, Legal name, Trade name, ARN, Date of filing, and the following details which states […]
GST
45th GST Council Meeting
45th GST Council Meeting was held on Friday, 17th September 2021 at Lucknow under the Chairmanship of Finance Minister Nirmala Sitharaman. After the breakout of the COVID-19 pandemic, GST Council met for the first time […]
Income Tax
Income tax compliance calendar
Income tax compliance calendar There are various compliances that need to be taken care of by corporate as well as non-corporate assessees. Any divergence from the compliances under Income Tax Act or Goods & Service […]
GST
Annual Aggregate Turnover
Annual Aggregate Turnover Introduction GSTN portal has implemented a new functionality on annual aggregate turnover. There is no clarity on how the reflection of correct figures of aggregate turnover will benefit the Government or the […]
Finance
NACH-ECS Clearing will be for 365 days a year
NACH-ECS Clearing will be for 365 days a year During the COVID-19 outbreak, NACH facilities became a popular digital mode of transacting in timely and a transparent manner. As a result, the Reserve Bank of […]
GST
GSTR 1 Late Fees
GSTR 1 Late Fees Taxpayers who are registered under GST are required to furnish prescribed GST returns within the notified due dates for the tax period. Provisions of section 47 are invoked when registered taxpayers […]
GST
GST Form DRC-03
GST Form DRC-03 Overview GST Form DRC-03 is a voluntary tax payment form whereby the taxpayer can make the payment voluntarily or in response to the show-cause notice issued by Government Department. GST Form DRC-03 […]