KSA Infomatrix

Exporters facing GST refund issues as govt makes invoice matching compulsory for input tax credit   LinkedIn- https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Blog  -  https://aseemconsult.blogspot.com/ Many exporters are facing a working capital crunch as they have run into refund problems after a recent government circular said exporters would not be eligible for input tax credit refunds in cases where they are unable to match invoices from the vendors. This situation is a result of the government waiving off late fees for companies and suppliers to upload certain forms under the goods and service tax, tax experts said. That led to several cases where these forms were not uploaded, and exporters were unable to take input tax credit running into crores. As per the GST framework, tax credit cannot be availed until and unless ...

MSME REVISED DEFINITION | APPLICABLE FROM 1st JULY, 2020 | UDYAM REGISTRATION FOR MSME | INVESTMENT LIMIT REVISED UPWARDS | EXPLAINED Sharing a very important video made by me on 'MSME REVISED DEFINITION'.  Please find the link below-  https://youtu.be/ntV_gEKLKqg Please follow us on our youtube channel also, where regular videos on various issues are posted. The link for our channel is: https://www.youtube.com/user/aseemaggarwal92  You can also follow us on: LinkedIn-https://www.linkedin.com/in/aseem-aggarwal-1b365549/Twitter - https://twitter.com/aseem252 Blog - https://aseemconsult.blogspot.com/ For any further queries you can contact us at the information given below. Regards  Aseem Aggarwal CA, CPA, CS, BCom(H) +91 7508000350 aseem@ksafirm.com

For More related articles and updates, connect with us -  LinkedIn- https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Blog  -  https://aseemconsult.blogspot.com/ Lets discuss the most common and biggest mistakes made by the people in respect of GST. Following are the same 1. Register your own mobile no. And e-mail id with GST portal You should register your own mobile number and email id with GST portal. Whenever you apply for new registration on GST portal or get it registered through any other person, your number should be registered with  GST portal  so that any e mail or message sent by GST department may be received directly by you. Because sometimes it is seen that mobile number and email id of some other person like authorized signatory or any practitioner is registered and he does not inform you of the mes...

Watch my latest video on — 40th GST Council Meeting highlights in just 5 minutes. The government has waived off and reduced the liability of GST non filing of returns from July 2017 to January 2020. Also relaxations given by the GST council for small tax payers. All this is explained in the video. https://www.youtube.com/watch?v=gL4a1LW7R7g Please do like, share, comment and subscribe to my channel for keeping yourself updated with latest changes. Regards Aseem Aggarwal CA, CPA, CS, BCom(H) +91 75080 00350 Aseem@ksafirm.com

For More related articles and updates, connect with us -  LinkedIn- https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Blog  -  https://aseemconsult.blogspot.com/ The Airport Authority of India has come out with a Standard Operating Procedure (SOP) to be followed by passengers as the domestic flights resume operations from May 25. Here are some of the most important steps that AAI has asked the passengers to follow: 1. State governments and local administration to ensure availability of proper public transport and private taxies for providing vital connectivity to the Aiport for passengers as well as Airport/Airline staff. 2. Kerb Area/ City side traffic/ Car parking area should be strictly monitored in coordination with traffic police/ CISF staff to prevent congestion and to maintain social distancing. 3. For commuting ...

Revised TDS/TCS Rate Applicable As Per Covid Economic Relief Package Applicable For All Kinds Of Payments W.E.F. 14th May 2020. For More related articles and updates, connect with us -  LinkedIn- https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Blog  -  https://aseemconsult.blogspot.com/ TDS Rate Chart for F.Y. 2020-21 (A.Y: 2021-22) after considering changes w.e.f. 14.05.2020 Section Nature of payment Threshold Limit Till 13/05/2020 From 14/05/2020 Resident Non-resident* Resident Non-resident* Rs. TDS Rate (%) TDS Rate (%) TDS Rate (%) TDS Rate (%) 192 Salaries – Normal slab rate Normal slab rate Normal slab rate Normal slab rate 192A Premature withdrawal from EPF 50000 10 10 10 10 193 Interest on securities – 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 during the financial year 10000 10 0 7.5...