गुड्स और सर्विसेज टैक्स 2019 – आशा की नयी किरण गुड्स और सर्विसेज टैक्स 2017 में भारत वर्ष में लागू किया गया था और अब हम आज नए वर्ष 2019 में प्रवेश कर रहें है और जुलाई 2017 से अभी तक जीएसटी में क्या –क्या हुआ इसके बारे में हम लगातार चर्चा करते रहें हैं […]
Goods and Services Tax on income earned by Bloggers As already discussed in previous article (GST Applicability of income Received from Google Adsense) YouTubers or bloggers don’t need to register themselves if their aggregate turnover is less than the prescribed limit which is 20 lacs for normal state and 10 lacs for special category states […]
GST Audits – Standards on Auditing The generally accepted auditing practices (GAAP) are those set-out Internationally which enable comparison of financial statements to post audit across the world to be uniform except local carve-outs. The ICAI formulates the Standards of Auditing (SAs) and auditors are to draw attention in case of non-compliance or material departures. […]
Section 44AA and 44AB: A Quick View Most of the people are very much confused about the maintenance of books of accounts and audit requirement thereof. There are many misconceptions about the legal requirement for books of accounts Under Section 44AA and 44AB as per the income tax act. The books are not mandatory required […]
GST Applicability of income Received from Google Adsense After implementation of GST, there are still many areas which are not clear. out of them, one is the income earned by a YouTuber. With data costs so cheaper and the emergence of the 4G network, it has become much easier for the people to make and […]
GSTR 9 and 9C – GST Annual Return and Reconciliation I. Introduction Annual Return in FORM GSTR-9 and Reconciliation Statement in FORM GSTR-9C requires a registered person to disclose the Financial Year for which the said Forms are being filed. The concept of Financial Year although integral to Goods and Services Tax has not been […]
How to Reconciliation GST data? Matching the data filed by the supplier with the recipients and recording all the transactions that have taken place during that period is Reconciliation GST . This Reconciliation process ensures that no sales or purchases are being left or mistakenly shown in the GST returns.