Sakshi Virmani
39 articles written by Sakshi Virmani on ConsultEase.
How to Compute 5% Cash Transactions Limit For Tax Audit U/s 44AB
How To Compute 5% Cash Transactions This writes up explains how to compute the limit of five percent of the aggregate of transactions for the purpose of tax audit u/s 44AB. As we are all aware that this is an amendment brought by the finance
Applicability of GST on a Bill to Ship to transaction where Supplier and Recipient of goods are located outside India.
Applicability of GST on a Bill to Ship to transaction where Supplier and Recipient of goods are located outside India. Gujarat Authority for Advance Ruling, in case of M/s SPX Flow Technology (India) Pvt. Ltd., Odhav Road, Ahmedabad Facts: The applicant M/s SPX Flow Technology
101st Constitution Amendment Act, 2016
101st Constitution Amendment Act, 2016 ARTICLE AMENDMENT 246– The article empowers- Parliament to make laws w.r.t matters listed under Union List Parliament & state to make laws for matters covered under Concurrent List State to make laws for matters under State List. Parliament to make laws
All about House Rent Allowance (HRA)
All about House Rent Allowance (HRA) House Rent Allowance (HRA) is one of the most relevant claimed allowances by the salaried class employees. The write-up deals with some of the commonly asked questions. Can we say all of the salaried individuals are eligible to claim
Is it possible for a taxpayer to file an Income Tax Return (ITR) without Form 16?
Is it possible for a taxpayer to file an Income Tax Return (ITR) without Form 16? There are possible scenarios where a taxpayer may not be able to obtain Form 16 from his/her employer. Since the due date for filing of ITR is approaching, is
Format of “Form” – REG 25
Introduction REG 25 is a certificate of provisional registration under GST. Every taxpayer registered under excise/VAT/service tax enrolls on a common portal. He provides his email ID and mobile number for verification purposes. On enrollment: Taxpayer gets provisional certificate of registration in form GST REG
Format of “Form” – REG 21
Introduction Form REG 21 is application for revocation of cancellation of registration under GST. What does revocation mean? Revocation means official cancellation. So revocation of cancellation of registration means reversal of decision to cancel the registration. It means registration is still valid. Requirement to file
Format of “Form” – REG 16
Introduction Cancellation of GST registration means a taxpayer is not registered anymore. He need not to collect or pay tax anymore. But why does the taxpayer wish to cancel his registration? Reasons can be: Business discontinue Business transfer, amalgamation, demerger, disposal. In such a case
Format of “Form” – REG 14
Introduction Many times applicants commit mistakes at the time of filing an application for registration. Such mistakes can be updated or corrected at the time application is being processed. If business is already registered then after application is processed. REG 14 is a form for
Format of “Form”- REG 07
Introduction REG 07 is the form for TDS & TCS deductors. TDS requirement is on government departments whereas TCS is deducted by E-commerce operators. They need to deposit it into the account of government and issue a certificate of tax deduction/collection. The normal rate of
Format of “Form”- REG 06
Introduction Turnover is the basic criteria for registration requirement in GST. The general threshold is Rs. 20 lac. In case of sales of goods it is Rs 40 lac. But the limit of Rs. 40 lac is only for specified states. Otherwise the threshold is
Format of “Form”- CMP 08
Introduction A composition dealer is required to file CMP 08. Earlier they were required to file GSTR 4 on quarterly basis. Thereafter, rule 62 was amended in which CMP 08 is required to be filed as a quarterly statement. Details of sales, tax payable in