RBI Payment and Settlement Systems The Reserve Bank of India (RBI) has released Statement on Developmental and Regulatory Policies dated 06th August, 2020 on account of various developmental and regulatory policy measures to enhance liquidity support for financial markets and other stakeholders; further easing of…
ADVANCE AUTHORITY RULINGS Taxability of supply of food & beverages to Hospitals on outsourcing basis The supplier is not being paid by the consumer of the food & beverages directly. Supplier here is only vested with the management of the canteen. Exemption under the notification…
The word "Revocation of Cancellation of Registration" infers process of restoring GST registration when it has been cancelled. In this article readers will get deeper understanding on the provisions relating to cancellation of GST registration, its revocation and other relevant provisions made in this regards…
COVID19 outbreak has given a tremendous downfall in the Opportunities in the market due to which there is high retrenchments and volatility of the job switch, as you know these days the interviews are being executed on video calling, being manager in the organization and…
Cost reduction does not means Laying off employees, cutting cost through less power consumption etc. It is completely different aspect which the organization or the management needs to understand and focus on. 1 out of 10 organizations does this and enables its processes to cut…
Applicable from 1st July,2020 For a registered person who is required to furnish a Nil return under section 39 in FORM GSTR-3B or a Nil details of outward supplies under section 37 in FORM GSTR-1 for a tax period; any reference to electronic furnishing shall include…
GSTR-4 ( Quarterly for FY 2017-18 & 18-19) (Annual from FY 2019-20) Due date of GSTR-4 for Financial year 2019-20 is 31st August, 2020 ( Notification No. 59/2020-Central Tax dated July 13, 2020) An EXCEL based offline tool has been provided on GST portal for…
NOTIFICATIONS Revised format/schema for e-invoicing issued by CBIC Revised format/schema under GST in Form GST INV-01, for the taxpayers whose aggregate turnover in a financial year exceeds INR 500 crore, has been issued. Also, Special Economic Zones (‘SEZ’) units have been excluded from generating e-invoices.…