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GSTIN display on sign boards must for businesses!!!!!!! Government makes it mandatory for traders and businesses to display GSTIN on their business sign boards and the registration certificate on their premises Also, composition dealers will have to mention that they are availing the composite scheme and are not entitled to collect taxes from people. “Every taxable person is required to display his Goods and Services Taxpayer Identification Number (GSTIN) on name board or sign board of business and is also required to display his registration certificate in business premises so that a citizen can easily find out whether a person is registered or not, ” a tax official said. The composition dealer is required to mention in the business premises along with registration certificate that he is not entitled to collect tax from taxpayers. “That is the legal requirement. So that the citizen can find out whether the person from whom he is buying is entitled to collect tax from him or not, ” the official added. The GSTIN is a 15-digit number which taxpayers get after registering with the GST Network portal. Initially, a business is given a provisional ID on logging into the portal and within 3 months the business has to complete the registration process by giving details of business. This provisional ID is then converted to GSTIN. Revenue secretary Hasmukh Adhia said that if a business entity does not generate certificate of registration within 90 days then the provisional ID will stand cancelled. The GST, which subsumes service tax, excise and VAT, has been implemented from 1 July.
Important info related to GST Registration The way forward: 1. If you are a Taxpayer having received Acknowledgement Reference Number (ARN): You should be able to download the Provisional Registration Certificate from “Download Certificates” at GST website from 27th June 2017. 2. If you are a Taxpayer, who has saved the enrolment form with all details but has not submitted the same with DSC, E-Sign or EVC: You will receive the ARN at your registered email ID, if the data given are successfully validated after 27th June 2017. In case of validation failure (data like PAN not matching), you should be able to login at the same portal from 27th June 2017 on-wards and correct the errors. You can refer the registered email for details of the errors. 3. If you are a Taxpayer, who has partially completed the enrollment form: You can login at the portal on the above mentioned date and complete the rest of the form. 4. If you are not an existing Taxpayer and wish to register newly under GST You would be able to apply for new registration at the GST portal from 25th June 2017.
After generation of Application Reference Number (ARN), the Registration Certificate (RC) containing GSTIN will be issued after 3 working days, unless approved earlier by Tax Officer After generation of Application Reference Number (ARN), the Registration Certificate (RC) containing GSTIN will be issued after 3 working days, unless approved earlier by Tax Officer. For example if a Taxpayer files a New Registration Application on 7th of a month (being Friday), then he will receive his RC and GSTIN on 13th of the month (8th and 9th, being Saturday and Sunday, are not working days), unless approved earlier by Tax Officer. If 11th of the month also is a holiday, then he will receive his RC and GSTIN on 14th of the month.
Due Dates for the month of November 2017 07.11.17 - TDS/TCS Challan for Oct. entries. 07.11.17 - Income Tax Audits and Returns for 44AB 15.11.17 - ESI & PF 15.11.17 - GSTR 4 Quarterly Return July to Sep. for Composition Dealers under GST. 15.11.17 GSTR 6 15.11.17- Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending September 30, 2017 20.11.17 - GSTR - 3B for the month October 28.11.17 - AOC 4 and MGT 7 with ROC 30.11.17 - Income Tax Audit International TP and Domestic TP Cases & Returns 30.11.17 - GSTR-2 for the month of July. 30.11.17 - TRAN-1 30.11.17- ITC -1 30.11.17- ITC -4 30.11.17 - CMP -03
PAN UPDATE Requirement for obtaining PAN card u/s 139A of IT Act, 1961 eased for corporate assessees Posted On: 14 APR 2018 10:44AM by PIB Delhi In case of a company, an application for incorporation, allotment of Permanent Account Number (PAN) and allotment of Tax Deduction and Collection Account Number (TAN) may be made through a Common Application Form submitted to the Ministry of Corporate Affairs (MCA). In these cases, the Certificate of Incorporation (COI) issued by MCA contains a mention of both PAN and TAN. Finance Act, 2018 amended section 139A of the Income-tax Act, 1961 removed the requirement of issuing PAN in the form of a laminated card. Hence, it is clarified that PAN and TAN mentioned in the COI issued by MCA shall also be treated as sufficient proof of PAN and TAN for the said company assessees.
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