Post 5 years of GST implementation, it is seen that GST still remains an evolving law, leave alone a settled law so to speak. While some of the issues are ironed out, there are still plenty of issues that need consideration in terms of ground-level reality check.
Earlier, every registered person whose aggregate turnover during a financial exceeds Rs. 2 crore was required to get his accounts audited as specified under section 35 (5) of the CGST Act and was required to furnish a copy of audited annual accounts and a reconciliation statement, duly certified from GSTR-9C.
In compliance of recently concluded GST Council meeting and recommendations made by the Council therein, the CBIC has issued various notifications to give effect to some of those recommendations on 05.07.2022.
Financial Planning and Tax planning are considered to be the same tax, but these concepts are not similar. Both financial planning and tax planning are interconnected.
Upon acceptance of an application, the adjudicating authority shall initiate a corporate insolvency resolution process (CIRP), under Section 10 and shall thus proceed to appoint an Interim Resolution Professional under section 16 of the said Act.
If you want to take charge of your emotions start exploring your problems and try to solve them on your own.
Make sure this realization doesn’t take time that you are wasting most of your time on social media and these gadgets that were supposed to make our life easy but making us exhausted.
Personal loans should not be taken lightly; it is a commitment to making monthly payments on a scheduled date and bearing interest costs. Before taking out a personal loan, consider whether you need one, and only borrow if you are certain.
Tax Compliance Tracker - July, 2022
If you want to excel in your career, you need to manoeuvre through the obstructions and work passionately towards your goals.