Contact Time Mon-Sat: 10.00-18.00
Phone Number (+91) 96650-11150
Contact Email paresh@khanolkarassociates.com
Stay up to date with the latest news in the finance world
Introduction Government of Maharashtra announced Amnesty scheme in the state budget on 11/03/2022. To give effect to the same the Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022 was enacted on 28/03/2022. Previously, taxpayers have witnessed…
In a much awaited development, the GST common portal is coming up with an automatic Interest calculator. Until now, taxpayers were required to manually self assess and pay the interest liability in case of late filing of GSTR-3B. The new…
Revocation of cancellation of registration means the decision to cancel the registration has been reversed and the registration is still valid. Section 30 of the CGST Act 2017 read with Rule 23 of CGST Rules, 2017 deals with revocation of…
The Finance Act, 2020 has inserted TCS Provisions of Section 206C(1G)(a) – TCS on foreign remittance through Liberalised Remittance Scheme (LRS) Section 206C(1G)(b) – TCS on selling of overseas tour package and Section 206C(1H) – TCS on sale of any…
Last week, the Reserve Bank of India has announced a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on working capital facilities. Now, The Indian Banks Association has answered a list of Frequently…
With a view to give an opportunity for the defaulting companies and to enable them to File the belated documents in the MCA 21 registry, the central government in exercise of powers conferred under the Companies Act 2013 has decided…
The biggest ignorance amongst tax payers is that the only scope for saving tax is in the realm of the ever so popular Section 80C (i.e. Life Insurance, PF, Long term FDs, etc.) In today’s post, we look at some…
GST Composition scheme – what is it? GST Composition scheme is where you pay tax based on a smaller tax as a percentage of your turnover. But the downside is that you cannot take any input tax credit. For example,…
The Commissioner of State tax, Maharashtra has extended the date for applicability of ewaybill for intra-state movement of goods within Maharashtra. The provisions will now be applicable after 30-05-2018. The state government has issued Notification No. 15C/2018–State Tax dated 25th…
Problem: While filing PTRC return for maharashtra on the mahagst.gov.in website, the following error occurs – 1. Error while file upload. 2. Atleast one BRF message of type W, E, A, or X occurred. 3. Balance payable cannot be more…
