Vaibhav Jasani & Associates

11/07/2020

28/04/2020

TDS/TCS Payment and Return due dates.

10/10/2019

Urgent Vacancy :

Required
1) Experience accountant

Having experience of around 2 years in accounting , handling gst and Income tax related work under Chartered Accountant Firm.

Location - Thane,

Candidate can send their resume by email at

[email protected]

11/12/2018

Your Income Tax makes India BLOOM !

Pay the 3rd instalment of your Advance Tax by 15th December,2018.

25/09/2018

*Bonanza for VAT dealers in the State of Maharashtra*

Under State of Maharashtra tax payers who had obtained VAT registration voluntarily by depositing security deposit of Rs. 25,000 can not able to adjust such security deposit for payment of tax.

The application for the refund may be made,-

(a) where the registration certificate is cancelled within the period thirty-six months from the date of registration, then within six months from the date of service of the order of the cancellation of the registration certificate, and

(b) in any other case, after a period of thirty-six months from the end of the month containing the date of effect of the registration certificate but before the end of the period of forty-eight months from the end of the month containing the said date.

*Now it has been provided that those tax payers who have not filed their application of refund pursuant to Rule 60A, can file such refund application on or before 31-03-2019 [N.No. VAT-1518/CR-33/Taxation - 1 dated 19-09-2018]*

31/03/2018

17/01/2018

Dear All,

I wish you know the E-Way bill will be implementing from 01-02-2018 in all over India.

Let’s we know some important key of E-Way Bill:



Q-1> Who is responsible for E-way Bill ?



Ans.: The responsibility for E-way Bill is :

Ist – The Supplier

IInd – The receiver

IIIrd – the Registered person if Purchase or sale from a Un-Registered Person/dealer



Q-2> what type of supply is cover under E-Way Bill ?



Ans.: There is all type of movements of Goods are Cover under E-Way Bill. Including Rejection, Sale Return ,Repair and Maintance and Job Work or material send for Job Work with

A Delivery Challan. A approx Value wiii be show on Delivery Challan of Job work and made a E-way Bill for this Challan.



Q-3> what Amount is cover under E-Way Bill ?



Ans.: There is the material value up to Rs. 50000/= is not cover under E-way Bill ,if the total Value of material who load in a single vehicle more than 50000/= E-way bill will be generated by the Transporter.





Q-4> How Many part file in E-way Bill ?



Ans.: There is 2 part of E-way bill, it’s A and B. in part A ,we fill the detail of Goods receiver , items detail and Value of Goods. And Part B is Colum of Transporter detail ,mean Transport name, vehicle number, and GR number.



Q-5> What is the limit of fill Part B in E-way Bill?



Ans.: If the material Dispatch less than 10Km.through by hand or Rickshaw part B will not be required.



Q-6> What is the Identity of Goods in E-way Bill?



Ans.: The Goods will be Identified with the HSN Code shown is E-way Bill.



Q-7> Any Printout of E-way bill need with the Invoice of Goods?



Ans.: No Printout need with the Invoice of Goods, show only number of E-way bill in front of Invoice.



Q-8> What is Consolidated E-way Bill ?



Ans.: consolidated E-way bill is generated when the transporter is carrying multiple consignments in a single vehicle. Consolidated E-Way

allows the transporter to carry a single document ,instead of a separate document for each consignment in a conveyance.



Q-9> What is the validity of E-way Bill?



Ans.: The validity of E-way Bill is:

00 to 100 Km. : 01 Days

100 to 300 Km.: 03 Days

300 to 500 Km. : 05 Days

500 to 1000 Km. : 10 Days

More than 10000 km.: 15 Days



Q-10> What is the penalty of non-filling of E-way Bill ?

Ans.: the penalty of non-filling of E-way Bill is 200% of GST value of invoice..





And please note that there is no editing in E-way bill after final submission.

And please share your knowledge of GST and E-way bill to each other with our whats-app group of Accounting.



Thanks and regards