Articles by CA Ankita Khetan

About CA Ankita Khetan

Ankita is a Chartered Accountant in practice and holds a Diploma in IFRS (from ACCA, UK). She is also a Commerce PG and Certified Independent Director (from IICA). She holds a certification in Forex and Treasury Management. Her area of expertise is GST and Income tax. She is passionate about reading, writing, and sharing knowledge on areas related to finance and taxation.

Impact on Service Providers with an amendment in GST Rule 62

19/04/2021 CA Ankita Khetan 0

Impact on Service Providers due to amendment in GST Rule 62 Overview To reduce the compliance burden and pay lower rates of taxes, small taxpayers were provided with an option to register for composition levy […]

Penalty under section 271AA

16/04/2021 CA Ankita Khetan 0

Penalty for failure to keep and maintain information and document in respect of certain transactions Applicability of penalty u/s 271AA Penalty u/s 271AA is applicable for failure to keep, maintain, report, furnish information and document, […]

FASTag integrated with E way Bill

14/04/2021 CA Ankita Khetan 0

Overview FASTag provides information regarding the movement of a vehicle when it crosses/passes through a toll plaza. Tracing and tracking the vehicle has become easy through messages. It is a rechargeable tag that facilitates the […]

E way bill updates – April 2021

11/04/2021 CA Ankita Khetan 0

E way bill update Latest Updates on E way Bill Portal – April 2021 Minimum one HSN code for generation of e-way bill The E-way bill portal doesn’t allow to generate an e-way bill with […]

Invoice furnishing facility

10/04/2021 CA Ankita Khetan 0

Invoice furnishing facility (IFF) Invoice Furnishing Facility will enable the taxpayer to update the details of outward supplies made to a registered person ( i.e. only B2B invoices, credit notes, debit notes). This will enable […]

Update IEC before it is deactivated

06/04/2021 CA Ankita Khetan 3

Import Export Code| IEC | e-IEC If you intend to import in India or export from India you have to mandatory obtain the Import Export Code (more commonly known as IEC). You cannot transact any […]

GST Due Dates : FY2021-22 Calendar

03/04/2021 CA Ankita Khetan 0

GST Due Dates : FY2021-22 Calendar Compliance calendar for the month of April 2021 Date GST Return & Payments 10.04.21 Monthly GSTR 7 for Mar 2021 (TDS deductor) Monthly GSTR 8 for Mar 2021 (TCS […]

Section 83 Provisional Attachment to protect revenue

03/04/2021 CA Ankita Khetan 0

Overview Section 83 of CGST Act,2017 empowers the Commissioner to provisionally attach the property including the bank account if it is required to protect the interest of Revenue. GST law has given a very drastic […]

Surcharge on Income Tax FY 2020-21 (AY 2021-22)

01/04/2021 CA Ankita Khetan 0

Surcharge on Income Tax FY 2020-21 (AY 2021-22) Surcharge TAX on TAX is called SURCHARGE. The surcharge is applicable only if the total taxable income exceeds a certain prescribed limit. This prescribed limit in the […]

Audit Trail is mandatory for all the GST registered persons

30/03/2021 CA Ankita Khetan 0

Audit trail mandatory in accounting software (Click here to read date extension notification) MCA has made it mandatory for every company to use accounting software that can record audit trail/log. Was it mandatory to maintain […]

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