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Welcome to Ritul Patwa & Co, Chartered Accountants where we are inspired by a customer centric approach and understanding of the client’s requirement and time constraint. Our focus is to provide intelligent and cost effective financial support services to our clients. We believe that the best solutions come from collaborative relationships with our clients.
As your global consultant, we will work closely with you to understand your unique business transformation goals, design best-in-class solutions and devise the most efficient plan for implementing your strategy across the organization.
GST CLARIFICATION - AVAILMENT OF INPUT TAX CREDIT UNDER GST
The government has issued following clarification in respect of the AVAILMENT of the Input Tax Credit under GST:-
Last date to avail input tax credit in respect of invoices or debit notes relating to such invoices pertaining to period ...... Read Completely EXEMPTION TO EDUCATION INSTITUTIONS UNDER GST ON SERVICES PROVIDED TO ITS STUDENTS, STAFF & FACULTY
FAQ 1 - Which Education Institution can claim Exemption under GST?
Reply - An education institution defined under Para 2 (y) of the Notification No. 12/2017 - Central Tax (Rate) as noted below is eligible to claim ...... Read Completely COMPANY LAW - REDUCTION IN FEES FOR DELAYED FILLING OF DIRECTORS E-KYC IN DIR-3 KYC
Deadline to re-activate Directors DIN after filling DIR-3 KYC with reduced Fees Of Rs. 500/- has been granted till 05-10-2018.
From 6th October, 2018, the Fees will be Rs. 5000/- for fill ...... Read Completely IS GST APPLICABLE ON UP-FRONT PAYMENT FOR LONG TERM LEASE OF IMMOVABLE PROPERTY?
This issue has been settled by law, that Up-Front Payment for Long Term Lease (for e.g. 30, 60 or 99 Years) of an Immovable Property viz. Land, Building etc is liable for payment of GST.
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REFERENCES< ...... Read Completely GST - Scope of Principal-agent relationship in the context of Schedule I of the CGST Act
In terms of Schedule I of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the “CGST Act”), the supply of goods by an agent on behalf of the principal without consideration has been deemed to be a supply. In this connection, v ...... Read Completely
Welcome to Ritul Patwa & Co, Chartered Accountants where we are inspired by a customer centric approach and understanding of the client’s requirement and time constraint. Our focus is to provide intelligent and cost effective financial support services to our clients. We believe that the best solutions come from collaborative relationships with our clients.
