Well, to give you a head start for 2022, we have compiled a comprehensive GST Compliance Calendar. This GST compliance calendar has all the GST Compliance Due dates for January, February, and March 2022 so that you never miss a due date!
Specified State and UT List for GSTR-3B Quarterly Filers
But before listing down the GST compliance calendar, we have specified States and UTs for GSTR-3B quarterly filers.
In India, most upcoming entrepreneurs opt to start a private limited company rather than any other type of company. This is because it has many advantages, such as the operations of the company can be closely held by them as well as the fact that the liability arising from the company itself is limited in […]
The Finance Minister, Smt. Nirmala Seetharaman presented the second digital union budget 2022-2023 on 1st February 2022. Accordingly, clauses 99 to 123 covered the proposed GST amendments. It is important to note that amendments proposed vide clause 99 to clause 113 will be effective from the date to be notified. Whereas, amendments proposed vide clause 114 […]
The CBIC issued Central Goods and Services Tax Rules (Fourteenth Amendment), 2020, via Notification No. 94/2020-Central Tax, dated December 22, 2020, revising Rule 9 of the Central Goods and Services Rules, 2017 (“CGST Rules”). Amended Rule 9 of the CGST Rules, now reads as under w.e.f. 22nd December 2020: “9. Verification of the application and approval.- […]
A Letter of Undertaking (LUT) is a document that allows exporters to ship goods and services overseas without having to pay Integrated Goods and Services Tax (IGST). Here’s a step-by-step guide to filing LUT in GST: It’s important to note that the LUT is valid for one financial year and needs to be renewed annually. […]
As of my training data (2021), here are some of the common payroll compliance updates for 2023: It is important to check with government agencies and professional payroll service providers for the most up-to-date information on payroll compliance updates. Payroll laws and regulations Payroll laws and regulations encompass a wide range of federal and state […]
Introduction: LUT stands for Letter of Undertaking, which is a document filed by the exporter to claim tax exemption on their exports under the Goods and Services Tax (GST) regime. The LUT can be furnished in the GST portal by registered taxpayers who are exporting goods or services. The LUT is valid for the financial […]
A company is an artificial person registered under the Companies Act, 2013 or any other previous company law which is managed and controlled by the Directors /officers of the company. A director can be resident director as well as foreign director. In company number of persons contribute the amount in terms of share capital and […]
The Ministry of Corporate Affairs (MCA) in India requires all directors of companies to file their KYC (Know Your Customer) details annually through Form DIR-3 KYC. The purpose of this form is to ensure that the information of directors is up-to-date and accurate and to prevent fraud and other illegal activities. The process of filing […]