Card Transactions – FAQ

1. What are various types of cards? Ans: Cards can be classified on the basis of their issuance, usage and payment by the card holder. There are three types of cards (a) debit cards (b) credit cards and (c) prepaid cards. 2. Who issues these cards? Ans: Debit cards are issued by banks and are … [Read more...]

Contents Of Annual Return GSTR-9

The Annual Return in form GSTR-9 is basically a summary of GSTR-1 and GSTR-3B returns for the period July 2017 to March 2018. However, if there are any amendments made during April 2018 to September 2018 returns, these have to be included in the Annual Return for 2017-18. The return is in following … [Read more...]

GST Annual Return

INTRODUCTION GST Act makes provisions for Annual Return and Annual Audit Report. These reports are required to be filed for each financial year (April-March) by 31st December after close of financial year. Each taxable person (other than taxable person paying GST under composition scheme) is … [Read more...]

ICAI signs MoU with CPA Canada

The Institute of Chartered Accountants of India (ICAI) has signed the Memorandum of Understanding (MoU) with the Chartered Professional Accountants of Canada (CPA Canada) on November 17, 2018 in Toronto, Canada. Signing of the MoU between ICAI & CPA Canada would facilitate mutual recognition of … [Read more...]