How to file ADT-1 in case of a casual vacancy? Qualifying your CA exams and filing ROC forms are quite the same. You may have to give multiple attempts to complete it. Here, I am going to give you a simple approach of filing ADT-1 in the case of ‘Casual Vacancy’ of an auditor (pursuant…
Matching GSTR-1 and GSTR-8 for E-commerce sellers This is quite important to understand why matching GSTR-1 and GSTR-8 is a penultimate task. We have witnessed many eCommerce sellers receiving notice for huge mismatches observed in their returns. Thus, they have to pay penalties and interest for resolving mismatches. Before we move further, understand the returns…
All about TDS and TCS Credit Received: How to claim & FAQ Before we directly jump upon the procedure to claim a TCS refund. We need to analyze the provisions of GST regarding TCS. Understanding why it is collected, what is the rate, and what is the significance of such collection. So, as usual, starting…
TDS on Purchase of Goods above 50 lakhs under Section 194-Q In light of the insertion of the new provisions in the Income Tax Act, 1961, and amendments thereof through the Finance Act, 2021, we would like to discuss the impact of such TDS provisions on our business transactions in order to comply with such…
GST Registration Online at ₹499 now all over India. Hurry up !! How to resolve the issue ‘PAN and Legal name not matching with CBDT database’. While submitting Part A of GST Reg-01, we often receive an error that PAN and Legal name is not matching with the CBDT database. And the person submitting the…
Letter of Authorization for GST Registration While registering for GST, we need to add information about the authorized signatory. However, in the case of a proprietorship, it is not necessary to appoint another authorized signatory. Proprietor himself can act as an Authorized Signatory. In GST Reg-01, in the column of “Authorized Signatory” at the top of…
Audit Procedures for Inventory and making a Stock Audit Checklist In this article, we will learn about audit procedures for inventory and how we can prepare a stock audit checklist by understanding the environment of the entity and audit techniques to be levied. Auditing is a dynamic concept, we cannot use the same checklist for…
