NAM & Associates

*आयकर रिटर्न A.Y.2018-19 संबंधित विशेष जानकारी*

*इस वर्ष का आयकर रिटर्न A.Y. 2018-19 जमा करने की अंतिम तिथि 31 जुलाई 2018 है (Individual,HUF, Firm (without Audit) *

*इस वर्ष आयकर कानून में भी GST जैसी पेनल्टी का प्रावधान जोड़ दिया गया है धारा 234F के तहत अतः इसकी जानकारी हमारे लिए अति आवश्यक है कि आयकर रिटर्न लेट फ़ाइल करने पर कब और कितनी पेनल्टी लगेगी।*

*जिसकी जानकारी इस प्रकार है*

*(1) Income 500000 तक*
*अंतिम तिथि 31 जुलाई 2018*
*31 जुलाई 2018 के बाद पेनल्टी 1000*

*(2) Income 500000 से अधिक*
*अंतिम तिथि 31 जुलाई 2018*
*31 जुलाई 2018 के बाद पेनल्टी 5000*
*दिसम्बर 2018 के बाद पेनल्टी 10000*

*नोट:*

*(1)अपना आयकर रिटर्न A.Y. 2018 -19 का 31 जुलाई 2018 से पूर्व जमा कराए*

*(2) 31 जुलाई 2018 के बाद बिना पेनल्टी जमा किये आपका रिटर्न फ़ाइल ही नही होगा।*

*(3) A.Y. 2018-19 का आयकर रिटर्न 31 मार्च 2019 के बाद आप पेनल्टी के साथ भी फ़ाइल नही कर पाएंगे*

अतः अपना रिटर्न 31 जुलाई से पहले फ़ाइल करे।

CBDT Extends date for linking Aadhar with PAN upto 31-03-2019

*As April 3b filing is over now , Go for Matching Purchases through GSTR 2A !*

GST Law has been applicable from 1st July 2017. The financial year 2017-18 has ended in the month of March. Now each and every taxpayer has to match the sales purchases in the books with the GST returns filed and they have to file the returns accordingly.

From 18th May, the government has started the GSTR 2A for the view.

In GSTR 2A, bill wise details of the purchases made by the taxpayers are reflecting. Every taxpayer has to match these details with books of accounts.

Now many questions shall arise . Like ,

if the sales and purchases are matched, then only we can assume that we have done our job brilliantly.

In GSTR 2A, B2B invoices, Debit notes, credit notes, purchases made from Composition dealer, credit taken through TDS and TCS, also, the amendments made in the original invoices by the supplier, etc. is reflecting.

*it is important to check GSTR 2A by taxpayers*

The government will start GSTR 2 also. In GSTR 2, we will get the ITC as per our books of accounts. If the supplier has not entered the purchases of the taxpayers, then he will be unable to get the credit of that bill.

Therefore, after checking the details in GSTR 2A, match the same with Input tax credit.

Ex. If from July 2017 to March 2018, “A” has made the purchases of Rs. 100000 from “B”, and also has taken the credit of Rs. 12000 in the GSTR 3B, now, “A” has to check it through GSTR 2A. Then he will be able to take the credit of the same.

Taxpayers must do the matching of the bill wise purchases from the books of accounts with GSTR 2A. If certain entries are left due to mistake to account for in the books, then taxpayer needs to do the same. Similarly, if the taxpayer has certain bills which are not reflecting in the GSTR 2A, then the taxpayer must match those bills by communicating and reconciling the same with the supplier.

*There shall be an impact due to GSTR 2A*

There are so many issues at the time of sales and purchases, Discounts, rate differences, short or excess cash received, etc. these questions remain unsolved. Now the real era of matching mismatching concept has been started.

Every taxpayer must match all the sales purchases. If the supplier has not paid GST to the government or has not filed returns properly, then only the recipient will suffer.

Now the fraudulent transactions between supplier and recipient will expose in GST. It means the real task of GST has been started now. GSTR 2A is available for viewing so this is semifinals and the Finals match will start when GSTR 2 will get open for filing.

GST (One nation one Tax)

Topic : Registration and Applicability of GST

One is liable to get registered under GST if it crosses turnover 19 lakhs (9 lakhs in case of north eastern states) and the assessee is liable to pay GST if turnover goes beyond 20 lakhs (10 lakhs in case of north eastern states)

feel free to contact us at

NAM & Associates
Chartered Accountants
[email protected]

CA tips : GST (One nation one Tax)

#8 : Which all services might be expensive after implementation of GST?
(जीएसटी के कार्यान्वयन के बाद कौन से सभी सेवाएं महंगे हो सकती हैं?)

1. Mobile bills (मोबाइल बिल).

2. Renewal premium for life insurance policies (जीवन बीमा पॉलिसियों के लिए नवीकरण प्रीमियम)

3. Banking and investment management services (बैंकिंग और निवेश प्रबंधन सेवाएं).

4. Basic luxuries for a common man like WIFI and DTH services, online booking of tickets may become costlier as well (वाईफाई और डीटीएच सेवाओं जैसे आम आदमी के लिए मूल विलासिता, टिकटों की ऑनलाइन बुकिंग भी बढ़ी हो सकती है।)

5. Rensidential Rent (निवासी किराया).

6. Health care (स्वास्थ्य देखभाल)

7. School Fees (स्कूल की फीस)

8. Courier fees (कुरियर शुल्क)

9. Metro or Railway tickets( मेट्रो या रेलवे टिकट).

For more information please contact
(अधिक जानकारी के लिए कृपया संपर्क करें)

NAM and Associates
(Chartered Accountants)
[email protected]