Sk consultancy

*S k consultancy *
*Commercial tax practitioner*

New gst registration for proprietorship firm 2000/-
(send all documents only through whatsup app or mail)

*offer for limited period*

Mobile number : *9723621999*
Email id: *[email protected]*

*Certain important points to be noted in respect of GST:

*1. # GST will 100% be implemented on 01-07-2017*

*2. # Types of taxation in GST*

*3. IGST : Integrated GST*

*4. CGST : Central GST which with replacement CST*

*5. SGST : State GST which will replace VAT*

*6. # WEF from 1.6.17 : Migration towards enrolment of GST will start till 15.6.17*

*7. # Registration certificates will be issued online.*

*8. # There will be no check post for 1 year. Only mobile check posts will be in full force. All intelligence officers will be dormant for sometime.*

*9. # 5 forms on different dates have to be submitted every month.*
*R1 form on 10th*
*R2 form on 13th*
*R3 form on 15th*
*R4 form on 17th* *&*
*R5 form or final returns on 20th*
*You cannot file revised returns at all. Once filed on 20th is final.*

*10. # Tax payments will be accepted only by e payments. Tax Payments via credit & debit card also added.*

*11. # In the present Vat system you upload sales & purchases every month. In GST you have to upload every sale & purchase bill.*

*12. # Be careful , every thing in GST is system driven. Once uploaded you cannot revise anything. No officer can help you in this. They can only pity the mistake.*

*13. # Your firm rating will be done by the system. Based on the rating audit trials will be conducted.*

*14. # Proposed e sugam for ₹50000 & above value only.*

*15. # Proposed rates of GST in percentage are 0, 5, 8 , 12, 18 , 28 & 40.*

*16. # 1st time in the history of independent India 4 major category of businesses will be covered : Education, Textiles, Medical & Professional services.*

*17. # You need to submit 17 documents for migration to GST.*

*18. # Most products MRP to come down.*

*19. # Distribution + C & F channel under threat.*

*20. # All these categories which were not taxed will now be taxable : Replacements/ return goods, Barters , Free Samples, disposables, scrap material. For example : if you buy a 40 inch led TV from Girias for ₹30000 & return back your old TV in exchange for ₹4000, you have to pay tax on ₹34000.*

*21. # All movements of material will be taxable like : Head office to branch office (stock transfer), factory to C & F agent, godown to shop.*

*22. # The GST officer has all rights to value your goods & fix the price. The law will decide Valuation of the product at Various levels like : Manufacturing, Wholesalers, Distribution & retailers. For example if Kissan is selling Jam for ₹150 & Patanjali is selling the same Jam for ₹120. (Same quantity, flavour, ingredients etc) Then Patanjali has to pay tax on ₹150.*

*23. # All books & records to be maintained on daily basis.*

*24. # You will need a full time accountant in your shop/office to maintain books under GST.*

*25. # All travel & tour expenses related to business have to be claimed under firm name.*

*26. # If your vendor does not upload his bills within 180 days , you will not get tax credit.*

*27. # You cannot claim credit for material in stock beyond one year.*

*28. # They propose that You have to dispose all your old stocks purchased under VAT/CST within September 2017.*

*29. # All VAT related documents like C forms, F forms etc have to be cleared within Sept 2017.*

*30. # Your Vat credit will not be carry forwarded to GST.*

The Hon’ble Amritsar bench has given a landmark judgement on the issue of 234E Fee levied prior to June,2015 in the case of Sibia Healthcare Private Limited v./s Dy. Commissioner of Income-tax (TDS), in I.T.A. No.90/Asr/2015 and has deleted the addition-
The Hon’ble Tribunal held as under:-
” in our considered view, the adjustment in respect of levy of fees under section 234E was indeed beyond the scope of permissible adjustments contemplated under section 200A. This intimation is an appealable order under section 246A(a), and, therefore, the CIT(A) ought to have examined legality of the adjustment made under this intimation in the light of the scope of the section 200A. Learned CIT(A) has not done so. He has justified the levy of fees on the basis of the provisions of Section 234E. That is not the issue here. The issue is whether such a levy could be effected in the course of intimation under section 200A. The answer is clearly in negative. No other provision enabling a demand in respect of this levy has been pointed outto us and it is thus an admitted position that in the absence of the enabling provision under section 200A, no such levy could be effected. As intimation under section 200A, raising a demand or directing a refund to the tax deductor, can only bepassed within one year from the end of the financial year within which the related TDS statement is filed, and as the related TDS statement was filed on 19th February 2014, such a levy could only have been made at best within 31st March 2015. That time has already elapsed and the defect is thus not curable even at this stage. In view of these discussions, as also bearing in mind entirety of the case, the impugned levy of fees under section 234E is unsustainable in law. We, therefore, uphold the grievance of the assessee and delete the impugned levy of fee under section 234E of the Act. The assessee gets the relief accordingly.”