Kuldeep S & Associates

Kuldeep S & Associates Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Kuldeep S & Associates, Business consultant, Delhi.

"A team of qualified professionals providing solutions for all your business needs - accounting, taxation, compliance, planning, legal advice and the list goes on..

04/11/2021

Wish You a Very Happy Diwali.

In case you are not availing any benefit under Foreign trade policy no need to obtained IEC (only Service provider).
04/07/2021

In case you are not availing any benefit under Foreign trade policy no need to obtained IEC (only Service provider).

Judgment on Inverted Duty Structure Refund.
08/08/2020

Judgment on Inverted Duty Structure Refund.

Compliance Calendar for the month of August 2020
03/08/2020

Compliance Calendar for the month of August 2020

Cost inflation index for the FY 2020-21 as notified by the Govt is 301
13/06/2020

Cost inflation index for the FY 2020-21 as notified by the Govt is 301

GST Council Meeting Updates1) For all those who have no tax liability but have not filed GST returns for tax period July...
12/06/2020

GST Council Meeting Updates

1) For all those who have no tax liability but have not filed GST returns for tax period July 2017 - Jan 2020 (prior to period), there shall be no late fee at all.

2) For people who have tax liability, maximum late fee for non-filing of GSTR-3B returns for period Jul 2017 - Jan 2020 has been capped to ₹ 500 instead of Rs 10,000. This will apply to all returns submitted during Jul 1, 2020 - Sep 30, 2020.

3) For small tax payers whose aggregate turnover is up to ₹ 5 crore, the rate of interest for late furnishing of GST returns for Feb, Mar and April 2020, beyond July 6, 2020: the rate of interest is being reduced from 18% to 9% till September.

4) Small tax payers whose aggregate turnover is up to ₹ 5 crore will be provided a waiver of late fees and interest if they file the form GSTR-3B for the supplies affected in months of May, June and July 2020, by September 2020.

5) Tax payers who could not get cancelled GST registrations restored in time are being given an opportunity to apply for revocation of cancellation of registration up to September 30, 2020. In all cases where registration has been cancelled till June 12, 2020.

10/06/2020

Clarification in respect of levy of GST on Director’s Remuneration

Circular No: 140/10/2020 - GST dated 10.06.2020

It is clarified that the part of Director's remuneration which are declared as "Salaries‟ in the books of a company and subjected to TDS under Section 192 of the IT Act, are not subject to GST and not treated as supply in terms of Schedule III of the CGST Act, 2017.

It is further clarified that the part of Director's remuneration which is declared separately other than "salaries" in the Company's accounts and subjected to TDS under Section 194J of the IT Act as Fees for professional or Technical Services shall be treated as taxable supply for GST and company is liable to discharge the applicable GST on it on RCM basis.

Compliance Calendar for June 2020
09/06/2020

Compliance Calendar for June 2020

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Delhi
110055

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