GST Calendar –Compliances for the month of March’2022 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) April 10,2022 GSTR-8 (Tax Collected at Source ‘TCS’) April 10,2022 GSTR-1 April 11,2022 IFF- Invoice furnishing facility (Availing QRMP) April 13,2022 GSTR-6 Input Service Distributor April 13,2022 GSTR-2B (Auto Generated Statement) April 14,2022 GSTR-3B April 20,2022 GSTR-5 (Non-Resident Taxable Person) April
In this edition, we have tried to bring you to notice of the latest amendment that followed in the month of March 2022 issued by MCA, RBI, SEBI, DIPP and others. Amendments issued by SEBI SEBI has issued a Notification regarding Change in control of the Sponsor and/or Manager of the Alternative Investment Fund involving the scheme of arrangement under the
In February 2020, MCA notified the new CARO 2020, thereby, replacing the erstwhile CARO 2016. The new CARO 2020 has introduced a number of new or modified reporting requirements to be fulfilled by the auditors such as revaluation of property, plant, and equipment (including the right of use assets) or intangible assets, Benami property, working capital limits on basis of
1. Introduction Every successful business depends on accurate information to make informed decisions. Whether it is a startup, a growing company, or a multinational corporation, managers need insights into costs, revenues, profits, and operational performance. This is where management accounting becomes essential. Management accounting helps organizations collect, analyze, and interpret financial and operational information to support planning, budgeting, cost control,
A computerised accounting system is an accounting information system that processes financial transactions and events as per Generally Accepted Accounting Principles (GAAP) to produce reports as per user requirements. The features of computerised accounting software are: The following are some principal advantages of computerised accounting: The following are some significant disadvantages of computerised accounting. Modern computerised accounting systems are based
ARTIFICIAL INTELLIGENCE: NEED OF THE HOUR THE PHASE IS OF ARTIFICIAL INTELLIGENCE AUDITORS, IT’S HIGH TIME TO ENVISAGE Its RELEVANCE LET’S APPLY THIS CONCEPT TO CONDUCT AUDIT WITH THE DUE DILIGENCE Over a last few years, there has been a tremendous increase in the no of organizations: small or large, domestic or MNCs. With the operation & processes going countless, it
“Behind every good company is a great accountant.” Entrepreneurs must often learn and perform a number of business activities while starting a business. Accounting is a crucial business function to use when establishing a small firm. Despite the fact that many entrepreneurs are afraid of sifting through countless stacks of financial records, accounting frequently delivers the clearest picture of a
Union Budget 2022-23 Highlights Updated Income Tax Return: Sub-section (8A) has proposed to be inserted into section 139 to provide an additional 2 years to a taxpayer to update his return. Updated returns can be filed irrespective of the fact whether the taxpayer has earlier filed the original, revised or belated return in respect of the relevant assessment year. However,
Bharti Airtel to buy Vodafone’s equity stake in Indus Tower: Telecom operator Bharti Airtel Ltd has agreed to buy Vodafone Group’s 4.7% stake in India’s largest cell tower firm Indus Towers Ltd. Vodafone Group is looking to sell its entire stake in Indus Towers Ltd. Currently, Vodafone holds about 28% in Indus Towers while that of Bharti Airtel is close
Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) March 10,2022 GSTR-8 (Tax Collected at Source ‘TCS’) March 10,2022 GSTR-1 March 11,2022 IFF- Invoice furnishing facility (Availing QRMP) March 13,2022 GSTR-6 Input Service Distributor March 13,2022 GSTR-2B (Auto Generated Statement) March 14,2022 GSTR-3B March 20,2022 GSTR-5 (Non-Resident Taxable Person) March 20,2022 GSTR-5A (OIDAR Service Provider) March 20,2022 PMT-06