N K Verma & Associates

N K Verma & Associates N K Verma & Associates is a Professional Advisory Firm, whose aim is to synthesize knowledge into v

08/01/2022

Required qualified chartered accountant/ semi qualified having 5-8 years experience for a chartered accountants' firm based out of Gurgaon. Prior knowledge required for Excel, financials statements, TDS, GST.
Email: [email protected]

08/01/2022

Required qualified chartered accountant/ semi qualified having 5-8 years experience for a chartered accountants' firm based out of Gurgaon. Prior knowledge required for Excel, financials statements, TDS, GST . Package- 7-10 lacs
Email: [email protected]

08/01/2022

Required qualified chartered accountant/ semi qualified having 5-8 years experience for a chartered accountants' firm based out of Gurgaon. Prior knowledge required for Excel, financials statements, TDS, GST . Package- 7-10 lacs
Email: [email protected], [email protected]

08/11/2016

Today, the Government has launched GST Portal (i.e., www.gst.gov.in) for the enrollment of existing taxpayers of VAT, Service Tax and Excise for smooth transition to GST. Existing dealers have to collect provisional ID from tax officer, update their profile information and upload the required documents on the GST portal. The enrollment schedule for each State has also been provided. However, the enrollment window will remain open till Jan. 31, 2017 for those dealers who missed the chance to enroll themselves within the given schedule. Dealers of Puducherry and Sikkim can register themselves from today itself.

24/10/2016

To avoid Kingfisher like incidents, FM announces SMS alerts for TDS for salaried employees



The Hon'ble Finance Minister, Arun Jaitley has announced the launch of SMS alerts for TDS for salaried employees. Now salaried employees to receive information about TDS deduction every quarter through SMS. Employees can then cross check with their TDS credit in Form 26AS.

This move is aimed at avoiding Kingfisher like incidents, where employees were served demand notices due to default of 'Kingfisher' in paying TDS to Govt.

Thus, now employees can avoid this situation as SMS will tell whether TDS has reached the dept. or not. In case employer hasn't paid TDS to Govt., employees can ask employer why it is defaulting on payment of TDS.

Regards
CA Navdeep Kumar

29/07/2016

Dear All Members
Due date for filing of Income Tax Return (ITR) for the financial year 2015-16 (A.Y. 16-17) for non audit cases is extended to 5th Aug 2016. ( For J&K 31st August)

Rgd
C A Navdeep Kumar
Mo 9891009899

14/05/2016

Change in effective rate of Service Tax (effective from 01.06.2016)

Effective rate of service tax is being increased from 14.5% to 15% by levying Krishi Kalyan Cess @0.5% on value of taxable services.



Invoicing and accounting: Each component of Service Tax (i.e. service tax 14%, SB Cess 0.5% and Krishi Kalyan Cess 0.5%) should be separately shown on invoice and should be separately accounted for in books of accounts.



CENVAT Credit: Finance Minister in his budget speech has clarified that Krishi Kalyan Cess paid on input services shall be available as CENVAT Credit. Therefore, CENVAT Credit of same may be availed.



However, for SB Cess, department had clarified that CENVAT credit of same would not be available. However, as you are aware that we are contesting the same before Delhi High Court (Please refer our mails #22, 23, 24 and 25). Therefore, credit of same may not be availed till a judgment is passed by Delhi High Court.

28/12/2015

No LPG subsidies for those having Taxable income over Rs 10 lac.

16/12/2015

SC bans registry of diesel luxury vehicles in Delhi till March 31

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207, Unitech Arcedia, South City 2
Gurugram
122018

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Monday 9am - 7pm

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