Important FAQs on GST applicability on ‘pre-packaged and labelled’ goods: CBIC S. No. Question Clarification 1 What change has been made with respect to packaged and labelled commodity with effect from the 18th July, 2022? Prior to 18th of July, 2022, GST applied on specified goods when they were put up in a unit container …
Pre-packaged goods & labelled edible goods liable for the GST @ 5 percentage w.e.f. 18/07/2022 The edible goods taxable to pay GST @ 12 percentage or 5 percentage in case these goods are pre-packaged & labelled means that all the goods are placed in package, whether theses are sealed or not, However its must carrying …
The process for online incorporating LLP using the Simplified Proforma (Form: FiLLiP) of the MCA.
You can Downloads the Complete CBDT Notification via Click :
CBDT Issue PAN & TAN integration with LLP incorporation form FiLLip
Income Tax Return Filing compliance by LLP– In the filling of ITR 5 Every LLP Registered shall file ITR Return filling in ITR-5 within the below prescribed time limit: PARTICULARS REQUIRED TO BE MADE DUE DATE OF Limited Liability Partnership All Registered Limited Liability Partnership which yearly Turnover of less than Rs. 40,00,000/- in the …
GSTN has published Advisory on upcoming changes in Table 4 of Form GSTR-3B The government announced a few amendments to Table 4 of Form GSTR-3B in Notification No. 14/2022 – Central Tax, dated July 5, 2022 under the CGST Rules, requiring taxpayers to disclose information on ITC correctly claimed, reversed, and declared ineligible ITC. The …
No Auto Cancellation of GST Registration of Buyer for fraud committed by selling Buyer’s registration cannot be cancelled for fraud committed by seller : Honorable Orissa High Court rules that “for fraud committed by the selling, which resulted in cancellation of a selling GST registration, It is to be noted that GST registration cannot be …
GSTR-1 NIL return filing option was made available by the Goods and Services Tax Network (GSTN) through checking the box rather than generating a summary,
All regular and irregular registered taxpayers who make outward supplies of goods and services or both are required to submit Form GSTR-1, a monthly Statement of Outward Supplies, which contains information regarding such outward supplies.
CLOSING OF A FOREIGN COMPANY SUBSIDIARY Over the past few decades, India has emerged joined of the foremost favourable and preferred option for foreign companies for investments. However, sometimes thanks to commercial or another reasons, foreign company has to close its business operations in India. Accordingly, an overseas company in India and its subsidiary must remember …
Establishment of Foreign Entity in India The process of merger in India is court driven which suggests it will be time constraining and may be little bit of problematic. The merger in India includes the subsequent steps- Authorization as per Memorandum of Associations (MOA): It must be thoroughly checked whether the memorandum authorizes the merger in India or not. If not, then an Object Clause …
India’s Requirement for Proper Regulation of NFT’s & Crypto Market The world is moving away from traditional currencies and toward electronic versions, particularly virtual currency. Non-fungible tokens, often known as NFTs, are a modern technology-based token that are prominent in today’s markets. NFTs are digital assets with a distinct identity that are interchangeable with other …