GST Compliance
Tax Invoice in goods and services tax (GST)
RJA 07 Jan, 2018
TAX INVOICE IN GOODS AND SERVICE TAX An invoice is a commercial instrument issued by a seller to a buyer. It identifies both the trading parties and lists, describes, and quantifies the items sold, shows the date of shipment and mode of transport, prices and discounts, if any, and delivery ...
Goods and Services Tax
DON'T GET CONFUSE WITH UAE VAT TRANSITIONAL ISSUES
RJA 07 Jan, 2018
Value Added Tax (VAT) is an indirect tax. It is a type of general consumption tax that is collected incrementally, based on the value-added, at each stage of production or distribution/sales. It is usually implemented as a destination-based tax. UAE is among the first GCC member states ...
Goods and Services Tax
Goods and Services Tax Registration Made Easier
RJA 06 Jan, 2018
GST or General Sales Tax takes care of all intermediate taxes like service tax, sales tax, excise duty and so on into a composite whole tax so that paying taxes at each level can be avoided. GST registration is mandatory for all whose annual sales are more ...
Goods and Services Tax
E-COMMERCE PLATFORMS UNDER GST
RJA 06 Jan, 2018
E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, internet or online social networks. MEANING OF E-COMMERCE IN GST The Chapter defines an ‘electronic commerce operator’ to mean a person who owns, operates or ...
ROC Compliance
MCA proposes change in process of obtaining fresh Director Identification Number
RJA 05 Jan, 2018
MCA proposes change in process of obtaining fresh Director Identification Number MCA has proposed to re-engineer the process of allotment of Director Identification Number (DIN) by allotting DIN to individuals only at the time of their appointment as Directors (If they do NOT possess a DIN) in companies. DIR-3 (Application ...
Goods and Services Tax
Applicability of GST on Hotels Industry - GST Rate, ITC & GST Return
RJA 04 Jan, 2018
Applicability of GST on Hotels Industry - GST Rate, ITC & GST Return Goods and Service Tax (GST) is a destination-based consumption tax which is a levy of tax on all goods and services with the objective of expanding the tax base through a wide coverage of economic activities, ...
Goods and Services Tax
Quick review on GST E-Way Bill
RJA 03 Jan, 2018
QUICK REVIEW ON GST E-WAY BILL What is the E -waybill system? The E-way bill is an electronic waybill for the movement of goods that can be generated on the GSTN portal. The E-way bill contains the details of transported goods besides the name of the consignor and ...
Goods and Services Tax
NOW UAE IS THE PART OF VAT IMPLEMENTED GROUP OF COUNTRIES
RJA 01 Jan, 2018
Compliance requirements under UAE VAT VAT (Value Added Tax) is an indirect tax, which is imposed on most supplies of goods and services that are bought and sold. UAE is one of the Member States of the GCC. All GCC countries have agreed to implement the VAT latest w.e....
GST Registration
REGISTRATION OF GST MADE EASIER FOR SERVICE PROVIDERS
RJA 01 Jan, 2018
GST Registration for Service Providers Registration of GST has been made easier for service providers by implementing modified rules in the 23rd GST Council Meeting. Turn Over limit remains the same for service providers as well Service providers to register for GST must have a turnover of Rs.20 lakhs ...
OTHERS
Quick Review on RERA Act: Registration Requirement & Process
RJA 28 Dec, 2017
Quick Review on RERA Act: Registration Requirement & Process Who is a Real Estate Agent? Section 2 (zm) of RERA defines real estate agents. According to the definition, a “real estate agent” means any person, who negotiates or represents other persons for transfer of a real estate property by ...
GST Filling
THRESHOLDS AND ELIGIBILITY CRITERIA OF MONTHLY GST RETURN IS TURNOVER EXCEEDED 1.5 CR
RJA 12 Dec, 2017
GST RETURN FILLING: GST Return filling means return prescribed or required to furnished by or under GST Acts or by the rules made thereunder. A GST return is a completed document that has details of sale/revenue which a taxpayer is required to file with the GSTN authorities. This is ...
INCOME TAX
LEGAL STATUS OF BITCOINS IN INDIA
RJA 12 Dec, 2017
What's Cryptocurrencies-Bitcoin? Bitcoin is a cryptocurrency invented by a few unknown groups of people. You can buy or sell bitcoins on a bitcoin exchange. The currency is not controlled by any bank or government. Blockchain is the leading technique behind bitcoin and other cryptocurrencies. It's a public ...
ROC Compliance
Common mandatorily annual compliance of Private Limited company
RJA 11 Sep, 2017
COMPLETE FILING OF YOUR COMPANY ROC ANNUAL COMPLIANCE- COMMON COMPLIANCE’S WHICH A PRIVATE LIMITED COMPANY HAS TO MANDATORILY ENSURE- TIME IS RUNNING OUT-: - While you are busy planning the business strategies, there are various compliance’s which are required to be followed ...
Goods and Services Tax
SAC CODES FOR LEGAL AND ACCOUNTING SERVICES
RJA 27 Jul, 2017
Heading no. 9982 Legal and accounting services Group 99821 Legal services 998212 Legal advisory and representation services concerning other fields of law. 998213 Legal documentation and certification services concerning patents, copyrights and other intellectual property rights. 998214 Legal documentation and certification services concerning other documents. 998215 ...
Goods and Services Tax
GOODS AND SERVICES TAX IMPACT ON REAL ESTATE
RJA 07 Jul, 2017
GST IMPACT ON REAL ESTATE The new Goods and Services Tax regime charges under-construction properties at 12% with reducing logistic costs. It also provides for a simplified tax structure for buyers and input tax credits that allow builders to increase profit margins as well as transfer benefits of the same to ...
Goods and Services Tax
SALIENT FEATURES OF NEW GST SYSTEM IN INDIA
RJA 22 May, 2017
SALIENT FEATURES OF NEW PROPOSED GST SYSTEM IN INDIA : In keeping with the federal structure of India, it is proposed that the GST will be levied concurrently by the central government (CGST) and the state government (SGST). It is expected that the base and other essential design features would be ...
Goods and Services Tax
Latest news from the GST council - final GST rates structure in India
RJA 22 May, 2017
LATEST NEWS FROM THE GST COUNCIL – FINAL GST RATES STRUCTURE IN INDIA We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. According to the latest news from the GST council, the tax structure for common-use goods is as under. GST Rates Structure Tax Rates Products 5% Edible ...
Goods and Services Tax
GST : Value of supply under GST Act
RJA 09 Apr, 2017
VALUATION OF SUPPLY UNDER G.S.T Calculation of Value of Supply under GST Supply value is an important concept in the sense of GST as it specifies the GST payable in a transaction. Pursuant to the GST Act, the value of the supply of products or services is the ...
One Person Company
Inc-29 One Person Company Registration
RJA 20 Mar, 2017
The company registration process is being fast-tracked by Form INC-29 which is formed by the ministry of corporate affairs. The Companies Act of 2013 includes the One Person Company. This is why the fast track registration process is also applied to the One Person Company Registration. This particular article will talk ...
Business Setup in India
Everything That You Need To Know About Limited Liability Partnership
RJA 20 Mar, 2017
It is a tactful process and it includes a step by step process. LLP is an emerging small business entity practised in India under a certain act known as LLP Act, 2008. The relaxation of the FDI rules which concern LLP has drastically increased the interest amongst certain NRIs and Foreign ...
One Person Company
Registration of One Person Company
RJA 18 Mar, 2017
Registration of One Person Company Start a business, sure? One of the first considerations that could come to mind is the legal structure of your business? In this article, we will explore the various types of organization structures that are available and how we can settle on the best corporate ...
Business Setup in India
How To Name Your Indian Business
RJA 18 Mar, 2017
Shakespeare said, "what's there is a name"? Well, it means a lot in the industry. The name of your firm is the first and new start to determine when you start a business and it has to be wisely selected because it will be your company's ...
Limited Liability Partnership
Conversion of the Partnership Firm into LLP
RJA 17 Mar, 2017
Conversion of the Partnership Firm into LLP The Limited Liability Partnership in India was introduced by the Limited Liability Partnership Act of 2008. It was organized for a number of reasons which include creating a flexible environment for small enterprises and uplifting the service sector so that the business synergies can ...
Business Setup in India
Advantages of a Private Limited Company
RJA 15 Mar, 2017
Beginning a company is an exciting and gratifying process and these days, virtually everybody wants to operate a business. The selection of a corporate company is one of the essential choices before going into a business venture. This can be a proprietorship, corporation, joint corporation or private business. A good ...
