GST impact on consignment sale

GST impact on consignment sale Consignment sale is not new in the present business scenario. However, there are few consequences (pros and cons) on Consignment sale due to implementation of new indirect tax law i.e. GST. The author tried to explain the impact of GST on the consignment sale. This article written in question and […]

Inventory Audit – Importance and procedures

Inventory Audit – Importance and procedures What is an Inventory Audit? Inventory audit also referred to as stock audit, refers to an accounting process which takes into account a company’s total stock of physical goods. This is especially needed in manufacturing companies where raw materials need to be converted to finished goods and is a […]

Steps in Classification of Goods – GST

Steps in Classification of Goods – GST GST for goods has provided schedules in line with VAT but the principles are based on the customs classification (also adopted in central excise) The need to classify properly is understood by all as it may lead to payment of differential tax with credit in case of self-correction […]

How you can activate your deactivated PAN

How you can activate your deactivated PAN Procedure to Reactivate Your PAN 1. Once, Permanent Account Number is de-activated by department, income tax e-filing login of assessee also gets blocked 2. To Activate your Permanent Account Number again do following: a. Write an Application to your AO (in duplicate) for activation of your PAN. Following […]

PAN have been deactivated-Check your PAN is active or not

PAN have been deactivated – how to check your PAN is active or not Minister of State for Finance Santosh Kumar Gangwar  informed the Rajya Sabha in written reply that as on July 27, 11,44,211 PAN have been identified and deleted or de-activated where multiple PANs were found as allotted to one person. In any […]