Compliance Calendar For Month of May
MAY DATE COMPLIANCE 7 1) Deposit of withholding tax (TDS/TCS) for Apr 2023 2) Deposit of Equalization levy for the Month of April 2023 11 Filing of Monthly GSTR 1 (Outward Supply Return) for Apr 2023 13 1) Filing of Monthly GSTR 6 (ISD Return) for Apr […]
Stamping of Share Certificates in the State of Uttar Pradesh
STAMPING OF SHARE CERTIFICATE IN THE STATE OF UTTAR PARDESH The Indian Stamp Act of 1899 and the Uttar Pradesh Stamp Act of 2008 both govern the stamp duty on share certificates in Uttar Pradesh. Stamp duty on share certificates is now set at 0.1% of the whole share value (face value plus premium). In […]
PLMA NOTIFICATION
PLMA NOTIFICATION By the Notification dated 9 May 2023 the Central Government has changed the definition of “Person carrying on designated business or profession” and following have been added and now will be covered under preview of the Prevention of Money Laundering Act, 2002 :- (i) Acting as a formation agent of companies and limited […]
GST AMNESTY SCHEME
GST AMNESTY SCHEME The GST Amnesty Scheme is a scheme introduced by the government to provide relief to taxpayers who have not filed their GST returns on time. It allows them to file their pending returns with reduced or waived late fees and interest. The government has notified amnesty scheme effective from 01.04.2023 for small businesses, […]
UPDATE REGARDING STK-2 FORM (REMOVAL OF NAME FROM REGISTER OF COMPANIES)
UPDATE REGARDING STK-2 FORM The Ministry of Corporate Affairs is launching STK-2 form on 01st May 2023 at 12:00 AM. To facilitate implementation of this form in Version 3 MCA21 portal, stakeholders are advised to note the following points: (1) STK-2 form on Version 2 portal will be disabled from 28th April 11:59 PM to […]
Compliance calendar for April 2023
Compliance calendar for the month April 2023 Time to file Period Compliance 01.04.2023 Onwards every company to fulfil the requirement of an audit trail in their Accounting Software. 07.04.2023 March 2023 Due Date for Deposit of TDS by Government office. (With Challan) 10.04.2023 March 2023 Monthly filing of GSTR-7 – By Tax Diductors. […]
GSTR-8 TCS RETURN
A TCS (tax collected at source) deduction form is the GSTR-8. Every month, e-commerce businesses that are GST-registered must submit a GSTR-8 return. The information on supplies made through e-commerce platforms (to both registered and unregistered clients) and the TCS amount collected with regard to those supplies are all contained in this form. The document […]
GSTR-7 TDS RETURN
Tax deducted at source is referred to as TDS. The Income Tax Act’s concept and that of the Goods and Service Tax are comparable. When a payment exceeds a predetermined threshold, individuals or industries are required to deduct tax at source from the transaction. The Tax deducted at Source (TDS) under GST is the main […]
GSTR-6 Return of Input Service Distributor
You must submit your GSTR-6 return by the deadline if you are an Input Service Distributor (“ISD”) registered for GST. The GSTR 6 form contains all the information about your purchase invoices, and the majority of the data is automatically filled in. It is significant to remember that ISD registration is distinct from regular GST […]
GSTR-5 Return of Non-resident taxable person
Who Must Submit GSTR-5? Non-resident taxable suppliers must submit the GSTR-5 form, as was previously stated. A person might be considered a non-resident taxable person if they periodically provide products or services in India but do not have a permanent business location there. Such a taxpaying individual should not maintain a fixed place of employment […]
