GST Registration Online: SuperCA

  Income Tax Return (ITR) is a form which an individual is required to submit to the Income Tax Department of India. It contains information about the person’s income and the taxes to be paid on it during that particular year. ITR filing is mandatory for all those who have income above the basic exemption limit under the Income Tax Act, 1961 The details of income earned by an assessee in a financial year are communicated to the Income Tax Department by the ITR filing. But in many cases, taxpayers leave ITR filing to the fag end of the due date. There is no doubt that they can also get their ITR filing done at the last moment, but the probability of committing a mistake, missing out on entering an important figure related to income or deduction or even making an oversight while filing ITR may not be ruled out. One can even file the wrong ITR form instead of filing the right form based on the income source. While filing ITR, the taxpayers are required to choose the correct form. If I...

  Director identification number (DIN) refers to a unique identification number that is given to a person desiring to be a director or an existing director at the time of company registration. In this digitised era, application in eForm DIR-3 was sufficient to obtain DIN. For any individual who wants to be a director in one or more companies, this was only a one time process. However, now with the move of the MCA to update its registry, all directors with a DIN will have to submit their KYC details annually in eForm DIR-3 KYC. This annual KYC for all DIN holders has been made mandatory by the MCA w.e.f. 10th July 2018 by including Rule 12A to Company registration Appointment and Qualifications of Directors) Rules, 2014. This compliance is pertinent to every person enduring DIN with ‘Approved’ status and also to those who are disbarred. There is a dual intention behind KYC of individuals holding DIN, firstly to assure updated data is available in the reports of the Government in res...

  Circular No. 160/16/2021-GST dated 20th September, 2021 published by the CBIC, has imparted a clarification in respect of certain GST related issues. Clarification with respect to section 16(4) for Debit Notes, Carrying physical copy of E-Invoice during transportation & refund of GST on goods where export duty is applicable, has been provided.     ➤ Availment of ITC on debit notes   The Section 16(4) of the CGST Act, 2017 was amended vide the Finance Act, 2020, so as to delink the date of issuance of debit note from the date of issuance of the underlying invoice for purposes of availing input tax credit w.e.f 01.01.2021. The line of amendment that was made stated:   “A registered person shall not be entitled to take ITC in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return u/s 39 for the month of September following the end of FY to which such invoice or invoice relating to such debit...

Company Registration is the overriding and most important step for any business organization. To protect your business and secure its rights, company registration is very essential. It shields the business from personal liability and protects from other risks and losses and at the same time provides more customer attraction, more capital contribution, greater stability and increases the company's potential to expand. Before going for company registration , you should have a clarity on the kind of business you are into, your goals and objectives since each of these types come with their own legal implications.  There are various forms of businesses available that one can register with both as a simple owner or as partnerships. Among the single owner company forms, ‘ One Person Company’ in India is a new concept that has been introduced with the Company's Act 2013. In OPC, the company can be registered under MCA and Companies Act, 2013. If you want to start a corporation with l...