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Q. Can I amend details of a reported invoice for which IRN has already been generated? Ans:- Amendments are not possible on IRP. Any changes in the invoice details reported to IRP can be carried out on GST portal (while filing GSTR-1). In case GSTR1 has already been filed, then using the mechanism of amendment […]
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E-Invoicing Non Applicability We all know In India under the GST From 1st October 2020 E-INVOICE is going to be mandatory for the person who has the turnover Exceeding Rs. 500 Crores,but still few persons are exempt the requirement to generate the E-invoicing which are:- A. E-Invoicing Exemption Entity Wise :- 1. Special Economic Zone […]
Read MoreAccording to a notification issued by the Income tax department on 1st March 2019 to claim your income tax refund then besides file income tax return now assessee has to pre-validate his bank account. Now income tax department improved the tax refund process every taxpayer has to perform some additional task i.e. pre-validate your bank […]
Read MoreDeductions are allowed to tax payer for reducing their tax liability. With the help of deductions assesse can avail benefit of low tax payment in a legal manner. For the betterment of taxpayer government has introduced multiple sections in act and amends or inserts new sections on timely manner. In spite of chapter VI A […]
Read MoreThe term Dormant itself defines an inactive, non-functional or suspended state. Keeping in line, the Section 455 of The Companies Act, 2013 also describes a Dormant Company as a company which has no significant accounting transaction. The term Significant Accounting Transaction indicates transaction other than:- The payment of fees to Registrar, The payment made to […]
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