Knowledge Desk

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GSTR-4 Yearly Return for Composition Taxpayers
Author: CA Pratik Mehta
Published At: 15-Sep-2020
All the assesses covered under the composition scheme can now file the annual GST (Goods and Services Tax) returns under GSTR 4 due date, for the financial year 2019-20, by 31st August 2020. The date has been extended by the Central Board of Indirect Taxes and Customs (CBIC) from 15th July 2020 to 31st August.
MCA Notification of PAS-6_Mandatory for Unlisted Public Companies
Author: CS Amita Alke
Published At: 23-Jul-2020
Every Unlisted Public Company shall issue its securities in dematerialized form and facilitate dematerialization of all its existing securities as well.
Significant Points While Calculating Aggregate Turnover under GST
Author: CA Jill Shah
Published At: 22-Jul-2020
The amount of Aggregate Turnover is an important criterion for determining the applicability of many provisions of GST law relating to Registration, Filing of Returns, Audit, etc. The term aggregate turnover comprises of taxable supplies, exempted supplies, nil rated supplies, non-taxable supplies etc and hence it is important to calculate Aggregate Turnover accurately.
FAQ's on GST Composition Scheme
Author: CA Harshit Vedpathak
Published At: 10-Jul-2020
Here are few frequently asked questions on New GST Composition Scheme
New Version of Form 26 AS with effective from 1st June 2020
Author: CA Ravi Jain
Published At: 09-Jul-2020
As per the recent update from the income tax department, the department has notified about the revised form 26AS which is mainly utilized for collection of the tax collected or basically tax deducted at source under which there will be details such as property and share transactions.
Can registered persons claim Input Tax Credit of GST paid on Medical Insurance, Masks, Sanitizers, and other expenses incurred due to COVID-19
Author: CA Pratik Mehta
Published At: 16-Jun-2020
Due to the ongoing COVID-19 pandemic, human welfare and safety have been put on high risk all over the nation. The government of India is taking various measures & actions to overcome this COVID-19 pandemic by issuing several orders & guidelines from time to time. The Ministry of Housing Affairs issued order no 40-3/2020-DM on 29th March 2020 laying out the guidelines to be followed during the lockdown period.
Filing NIL GST Returns in Form GSTR 3B Through SMS
Author: CA Pratik Mehta
Published At: 15-Jun-2020
The Government w.e.f 8th June, 2020 has issued Notification allowing a registered person to furnish a Nil GST monthly return in FORM GSTR-3B through SMS by using the registered mobile number and the said return shall be verified by a registered mobile number based One Time Password(OTP) facility.

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GSTR-4 Yearly Return for Composition Taxpayers
Author: CA Pratik Mehta
Published At: 15-Sep-2020
All the assesses covered under the composition scheme can now file the annual GST (Goods and Services Tax) returns under GSTR 4 due date, for the financial year 2019-20, by 31st August 2020. The date has been extended by the Central Board of Indirect Taxes and Customs (CBIC) from 15th July 2020 to 31st August.
MCA Notification of PAS-6_Mandatory for Unlisted Public Companies
Author: CS Amita Alke
Published At: 23-Jul-2020
Every Unlisted Public Company shall issue its securities in dematerialized form and facilitate dematerialization of all its existing securities as well.
GST Implications In Case of Sharing of Revenue and Profit
Problem
GST Liability for receipt of income from the Players using Sports Turf facilities and GST implications at the time of sharing of such income to an Individual who has rented and maintained the Sports Turf.
Solution
Subject to facts and documentation, GST will be liable on income received from players. Further, sharing of such income will also be taxable and accordingly, a person receiving the same will be liable to pay GST. Service by Mr X to the Indian Company and Service by the Indian Company to the Players are two independent supplies.

Author: CA Jill Shah
Published At: 24-Jul-2020
GST Implications in Case of Amalgamation
Problem
Procedure for GST registration and transfer of unutilised Input Tax Credit in case of Amalgamation
Solution
Subject to facts and documentation, GST registration to be amended and for transfer of Input tax credit, procedure as per Section 18(3) of CGST Act read with Rule 41 of CGST Rules to be followed.

Author: CA Jill Shah
Published At: 14-Jul-2020

31-Oct-2020

Monthly GST Study Circle on Recent Changes and Updates in GST on 31st October 2020 by CA Pratik Mehta

Monthly GST Study Circle on Recent GST Updates

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16-Oct-2020

Work From Home Session on Self Cleanup and Tune up of Computers and Laptops

Work from home is not allowing the team members to do any physical maintenance of their devices. Complaints about Laptop are creating a roadblock in operations mainly compliance delays. Hardware representatives are not able to physically visit the places for maintenance.

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GST Refund In Case of Export of Goods and Service
It is said that goods and services can be exported from a country but the taxes should not be. Under the GST law exporters have the benefit of claiming refund of taxes paid on export of goods or services or claiming refund of the input tax credit in cases where the goods or services are exported under Letter of Undertaking(LUT). However the various provisions of law and issues related thereto should be considered before filing the refund claims.
Analysis of Non-taxable Supply, Non-GST Supply, Exempted Supply, Nil-Rated Supply and Zero-Rated Supply under GST
Nil Rated, Zero Rated, Non-Taxable and Exempted Supply

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SINGAPORE GCC HONGKONG
OVERVIEW WHY APMH ? SERVICES
Singapore is full of Indians with statuses like Citizens of Indian Origin, Person of Indian Origin, having properties, businesses, stock market investments and so on, back in India. Also, there are a lot of funds and corporates already invested in India or want to do so in the near future.
APMH with an affiliation with Moores Rowland Asia Pacific has its offices across South East Asia. This sets a unique proposition of expertise on Indian markets like Due Diligence, Advisory, Tax, and Assurance, while relationship support, back at Singapore.
We provide holistic solutions
  • For the Multinationals headquartered at Singapore
    • Tax Advisory;
    • Accounts Outsourcing;
  • For Funds investing in India
    • End to end Compliance for India, Due-Diligence, periodical reporting;
  • For NRI CIOs, PIOs
    • Tax Advisory,
    • Wills and Succession
OVERVIEW WHY APMH ? SERVICES
The introduction of Value Added Tax has brought significant change for businesses. VAT has a broad scope and businesses will need to consider the impact of VAT on all their transactions and the potential impact on prices and margins.
APMH has an expertise in handling VAT Implementation projects in GCC Countries like UAE, Kingdom of Saudi Arabia (KSA) & Bahrain and its experienced Indirect Tax team with exposure to tax regimes in Riyadh,Jeddah,Dammam and Khobar is capable of advising and assisting businesses in the region to improve their systems and processes.
VAT is implemented in UAE,KSA and currently Bahrain. APMH offers various VAT(Value Added Service) for GCC countries which includes VAT Planning,VAT Implementation & Transitionn,VAT Awareness Sessions,Pre-Implementation Readiness and Post Implentation Complaince.
OVERVIEW WHY APMH ? SERVICES
Accounting and compliance, though a non-core activity for a technical entrepreneur, is critical. With the onset of technology i.e. Internet connectivity and applications it makes more sense for organizations to opt for an expert in accounts solutions.
APMH expertise in providing accounts outsourcing services internationally.In addition, we seek to add real value to your business, working closely with you to provide quality management accounting information that are required to uphold basic accounting laws and regulations.
APMH provides one stop shop solution for accounting,reporting and tax filing services for all end users in Hongkong.

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