How to claim GST refund of excess balance in Cash Ledger?

How to claim GST refund of excess balance in Cash Ledger? RFD-01: a step-by-step guide to claim GST refund of excess balance in Electronic Cash Ledger of GST Portal There can be a lot of mistakes while creating GST challan for making GST Payment, it may be due to confusion, deadlines pressure or due to […]

Important Changes by Companies Amendment Act 2017

Important Changes by Companies Amendment Act 2017 The journey of Companies Amendment Act 2017 started on 16th March 2016 in Lok Sabha. Thereafter it was referred to Standing Committee Finance on 12th April 2016 for its examination. Committee after its examination and after receiving suggestions and views from professional Bodies etc. adopted its report on […]

Manual processing of refund claims in detailed

Manual processing of refund claims in detailed REFUND PROCEDURES UNDER EXPORT: Following are the Forms for Refund Procedures GST RFD – 01 Application for Refund GST RFD – 02 Acknowledgement for Application of Refund submitted GST RFD – 03 Deficiency Memo GST RFD – 04 Provisional Refund Order GST RFD – 05 Payment Advice GST […]

Private Banks raise MCLR after deposit rate hike – home and car loan expect to rise

Private Banks raise MCLR after deposit rate hike – home/car loan expect to rise Borrowers should prepare more for their home and car loans in the months ahead as bank rates have changed course and are now on the way up. Private sector banks led by Axis Bank, Kotak Mahindra Bank, IndusInd Bank and Yes […]

Unexplained deposits in focus

Unexplained deposits in focus The income-tax department will in all likelihood go into overdrive in the next three months with the Central Board of Direct Taxes — the apex body — alerting all senior tax officials that their performance is being “monitored at the highest level.” It will also give a renewed push towards imposing […]

GST Tran-2 – Troubles in Filing

GST Tran-2 – Troubles in Filing Most of the Traders were registered with respective State VAT authorities in Pre GST period and they did not possess any Central Excise Duty paying documents for the stocks held on the appointed date i.e., 01.07.2017. The government has given an option to the Traders to declare these stocks […]

GST – Invoices and other documents

GST – Invoices and other documents Bill of Supply under GST Issued by the registered person supplying exempted goods or services or both; and Suppliers opting for the composition levy Revised Invoice Issued by Register Person (not registered earlier) If Invoice/s issued before the issue of registration certificate Revised invoice to be issue form the […]