This document provides instructions for downloading Form 16A from the TRACES website. It outlines the steps to log in to TRACES, select Form 16A from the menu, enter search criteria such as financial year and quarter, PAN, and form type. It then describes validating the request by entering details from the taxpayer's Form 26Q/27Q statement, including the token number and payment details. Upon validation, users can submit their download request for Form 16A.
The document provides step-by-step instructions for downloading Form 16 from the TRACES website. It explains how to log in to TRACES, search for and select the appropriate financial year, submit a download request, validate payment details, and download a zip file containing Form 16 for multiple PAN numbers. The zip file can then be converted into individual PDFs for each PAN using a conversion utility.
This document provides instructions for downloading an NSDL Consolidated file from the TRACES website. It describes the steps to:
1) Log in to TRACES and select "Request for NSDL Conso File"
2) Enter search criteria like financial year and quarter
3) Enter an authentication code or token number for validation
4) View the request number and download the file by searching for the request.
E tutorial - convert form 26 as text file to excelPSPCL
This document provides steps for converting a Form 26AS text file to an Excel file. The steps are: 1) Copy the text from the .txt file, 2) Paste into an Excel worksheet, 3) Use the Text to Columns feature to separate the data into columns delimited by a caret symbol. Following these steps results in the Form 26AS data being formatted in an Excel spreadsheet for easier viewing and analysis.
E tutorial - Online Correction - Challlan CorrectionDisha Duggal
This document provides step-by-step instructions for submitting an online correction request and making changes to challan details through the TRACES portal. It outlines the process for logging in, navigating to the correction request page, entering search criteria to find an existing statement, editing challan details, and finally submitting the corrected statement. Key steps include selecting the request type, entering financial year and form details, viewing matched and unmatched challans, tagging new challans, and submitting the request for processing. Detailed notes are provided on validation requirements and fields that must be completed at each step.
How to Correct your etds return online on tdscpc.gov.in-traces websitethesanyamjain
The document provides step-by-step instructions for submitting online correction requests and making corrections to PAN and challan details through the TRACES portal. Key steps include logging in, selecting the correction request option, entering details of the statement to correct, editing invalid or valid PAN details, editing matched or unmatched challan details, viewing a summary of changes, digitally signing and submitting the correction request for processing. Help icons are available at each step to provide additional guidance.
The document provides step-by-step instructions for submitting online correction requests and making corrections to PAN and challan details through the TRACES portal. Key steps include logging in, selecting the correction request option, entering details of the statement to correct, editing invalid or valid PAN details, editing matched or unmatched challan details, viewing a summary of changes, digitally signing and submitting the correction request for processing. Help icons are available at each step to provide additional guidance.
The document provides steps for installing and registering a digital signature certificate for use on the TRACES website. It outlines downloading a digital signature certificate file, installing the certificate file by selecting it and entering the password, and registering the certificate by selecting it in the registration applet and entering the password. The registration process associates the certificate with the user's PAN and displays a success message upon completion.
This document provides instructions for downloading Form 16A from the TRACES website. It outlines the steps to log in to TRACES, select Form 16A from the menu, enter search criteria such as financial year and quarter, PAN, and form type. It then describes validating the request by entering details from the taxpayer's Form 26Q/27Q statement, including the token number and payment details. Upon validation, users can submit their download request for Form 16A.
The document provides step-by-step instructions for downloading Form 16 from the TRACES website. It explains how to log in to TRACES, search for and select the appropriate financial year, submit a download request, validate payment details, and download a zip file containing Form 16 for multiple PAN numbers. The zip file can then be converted into individual PDFs for each PAN using a conversion utility.
This document provides instructions for downloading an NSDL Consolidated file from the TRACES website. It describes the steps to:
1) Log in to TRACES and select "Request for NSDL Conso File"
2) Enter search criteria like financial year and quarter
3) Enter an authentication code or token number for validation
4) View the request number and download the file by searching for the request.
E tutorial - convert form 26 as text file to excelPSPCL
This document provides steps for converting a Form 26AS text file to an Excel file. The steps are: 1) Copy the text from the .txt file, 2) Paste into an Excel worksheet, 3) Use the Text to Columns feature to separate the data into columns delimited by a caret symbol. Following these steps results in the Form 26AS data being formatted in an Excel spreadsheet for easier viewing and analysis.
E tutorial - Online Correction - Challlan CorrectionDisha Duggal
This document provides step-by-step instructions for submitting an online correction request and making changes to challan details through the TRACES portal. It outlines the process for logging in, navigating to the correction request page, entering search criteria to find an existing statement, editing challan details, and finally submitting the corrected statement. Key steps include selecting the request type, entering financial year and form details, viewing matched and unmatched challans, tagging new challans, and submitting the request for processing. Detailed notes are provided on validation requirements and fields that must be completed at each step.
How to Correct your etds return online on tdscpc.gov.in-traces websitethesanyamjain
The document provides step-by-step instructions for submitting online correction requests and making corrections to PAN and challan details through the TRACES portal. Key steps include logging in, selecting the correction request option, entering details of the statement to correct, editing invalid or valid PAN details, editing matched or unmatched challan details, viewing a summary of changes, digitally signing and submitting the correction request for processing. Help icons are available at each step to provide additional guidance.
The document provides step-by-step instructions for submitting online correction requests and making corrections to PAN and challan details through the TRACES portal. Key steps include logging in, selecting the correction request option, entering details of the statement to correct, editing invalid or valid PAN details, editing matched or unmatched challan details, viewing a summary of changes, digitally signing and submitting the correction request for processing. Help icons are available at each step to provide additional guidance.
The document provides steps for installing and registering a digital signature certificate for use on the TRACES website. It outlines downloading a digital signature certificate file, installing the certificate file by selecting it and entering the password, and registering the certificate by selecting it in the registration applet and entering the password. The registration process associates the certificate with the user's PAN and displays a success message upon completion.
Updated master guide on gst annual return and audit including 20 case studiesPSPCL
The document discusses the key provisions related to annual return filing and audit requirements under the Goods and Services Tax (GST) in India. It provides details about Form GSTR-9 for normal taxpayers, Form GSTR-9A for composition scheme taxpayers, Form GSTR-9B for e-commerce operators, and Form GSTR-9C for taxpayers with over Rs. 2 crore annual turnover which requires audit. It also summarizes the deadline of December 31, 2018 for filing annual returns for FY 2017-18, and the late fees of Rs. 400 per day up to 1% of turnover for delayed filing.
“Most awaited GST Annual Return (Form GSTR 9) and Audit Reconciliation Statement (Form GSTR 9C) are notified by Government vide Notification 39/2018 CT dated 4th Sep 2018 and 49/2018 CT dated 13th Sep 2018. Due date for filing of the same for F.Y. 2017-18 is 31st Dec 2018. Enclosing herewith Master Guide on GST Annual Return and Audit, covering:
§ How to Go Head with Annual Return and GST Audit
§ Important Provisions
§ Analysis of GSTR 9 Form and How to fill the same
§ Analysis of GSTR 9C Form and How to fill the same
Professional should plan their work and ensure to file the said forms before due date, without waiting for extension.”
Thanks & Regards
CA Swapnil Munot
+91 90212 65137
The document discusses changes to the Indian income tax return (ITR) forms for the assessment year 2018-19. Key changes include:
1) Only resident individuals can now use ITR-1, removing non-resident and not ordinarily resident individuals. ITR-1 also requires additional details for salary and house property income.
2) ITR forms 1-4 introduce a new late filing fee under section 234F if the return is filed after the due date.
3) ITR-4 requires additional financial details for those filing under presumptive taxation schemes.
4) ITR forms 3, 5, and 6 now require reporting of goods and services tax (GST) details
Benami Transactions (Prohibition) Act, 1988 has been amended and renamed as Prohibition
of Benami Property Transactions Act, 1988 (PBPT Act). Benami Act mainly focuses on finding
real names behind nameless real estate transactions. The amended act clearly defines the benami
transactions
The document provides step-by-step instructions for creating and adding details for outward supplies in the GSTR1 return on the GST portal. It describes how to access the portal, login, select the filing period, and click "Prepare Online" to access the GSTR1 form. It then outlines the various tiles and tables within GSTR1 for entering details of B2B invoices, B2C invoices, credit/debit notes, exports, nil rated supplies, tax liability, and HSN/SAC summaries. Specific fields and validation rules for adding details to each table are also defined.
1) Tax invoices must be issued by registered taxpayers for taxable supplies of goods or services, before or at the time of removal, delivery, or provision. Credit and debit notes can be issued for adjustments.
2) Composition dealers and exempt supplies require bills of supply instead of tax invoices. Receipts are given for advances, and payment vouchers for reverse charge supplies from unregistered persons.
3) Credit notes must be issued within 30 days of the end of the financial year for excess charges. Debit notes are for short charges. Details must be declared in GST returns.
The document provides an overview of the Goods and Services Tax (GST) in India, including:
- The design and main features of the GST law, which unified multiple indirect taxes into a single tax regime.
- The administration of GST through the GST Network and IT system, as well as the role of the GST Council and Central Board of Excise and Customs.
- The benefits of GST for businesses and consumers through simplification, reduction in compliance costs and cascading of taxes, and the creation of a national market.
This document provides an overview of the Goods and Services Tax (GST) system that is being implemented in India, including:
- The benefits of GST for trade and consumers through simplification and harmonization of taxes.
- The existing complex indirect tax structure that GST intends to replace.
- The Constitutional amendment that was passed to allow for GST and the powers it assigns.
- The role and decisions of the GST Council in determining features of the law and tax rates.
- The main features of the GST laws, including the four-tier tax rate structure, input tax credit system, and registration requirements.
- The roles of the GST Network and Central
This document provides an overview of the Goods and Services Tax (GST) session presented by CMA Ashok B Nawal. Some key points summarized:
1. GST will subsume many current central and state taxes like excise duty, VAT, service tax, etc. into two taxes - Central GST and State GST. Inter-state transactions will be levied with Integrated GST.
2. The GST model in India follows a dual GST structure being levied concurrently by the Center and States. A GST Council has been constituted to make recommendations on taxes subsumed, rates, threshold limits, and other aspects.
3. GST will be applicable across
The document summarizes the process for migrating existing taxpayers to the Goods and Services Tax (GST) system in India. It involves the following key steps:
1. Taxpayers obtain a GSTN login ID and password from the aces.gov.in website to complete the enrollment process on gst.gov.in.
2. Taxpayers complete the enrollment process on gst.gov.in by providing business and registration details as well as uploading required documents.
3. Upon successful submission, taxpayers receive a provisional GSTIN and final registration within 6 months if all information is verified correctly.
The document discusses initiatives by the Indian government to promote digital payments in India. It outlines incentives like discounts on fuel, tolls, and rail tickets for digital transactions under Rs. 2000. It introduces the Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana programs that reward consumers and merchants for digital transactions between Rs. 50-3000 through daily, weekly and mega prize draws, with prizes up to Rs. 1 crore for consumers and Rs. 50 lakh for merchants. The programs are aimed at promoting and rewarding digital payments through RuPay cards, UPI, AEPS and USSD, and are being implemented by the National Payments Corporation of India.
The document outlines the agenda for a webcast on opportunities in GST, including a brief background on GST and transitional challenges. It then provides details on the timing allocated to various topics, including impact analysis through examples and key impact areas. The impact areas discussed include the need to re-engineer processes, procurement, credit carry forward claims, exemptions, composition scheme, vendor management, agreements, and accounting practices.
This document provides an overview of the proposed Goods and Services Tax (GST) model in India. It discusses the perceived benefits of GST, the existing indirect tax structure, key features of the Constitution Amendment Bill, the proposed GST model including features of the draft GST law, the role of the GST Network and Central Board of Excise and Customs, and the next steps toward implementation. The key aspects covered are the dual GST structure of CGST and SGST/IGST, the proposed tax rates and compliance requirements, and the transition process.
The document summarizes proposed revisions to the schedule of TDS for resident deductees in India. Some key changes include merging various interest income categories under a single head and reducing TDS rates for certain sections from 10% to 5%. Threshold limits for certain payments are increased and exclusions are to be separately notified. Section 193 relating to TDS on interest on securities will be deleted and replaced by a new Section 194A covering TDS on all interest payments at rates of 5-10%.
The document outlines India's efforts to reform its power sector through the UDAY program and achieve 24x7 Power For All. Key points:
1) UDAY aims to permanently resolve issues facing power distribution companies (DISCOMs) by having states take over some of their debt, improving operational efficiency to reduce losses, and enabling periodic tariff increases.
2) Operational efficiency will be improved by reducing Aggregate Technical and Commercial (AT&C) losses through better metering, infrastructure upgrades, and public awareness campaigns against theft.
3) Demand side management programs like LED lighting adoption and efficient agricultural pumps will reduce peak load and energy consumption.
4) Transparency in procurement has led to sharp
The document provides step-by-step instructions for using the online correction feature in TRACES to correct Form 24Q statements. It explains how to submit a correction request, view the status of requests, validate challan details, edit matched and unmatched challans, add new challans, and tag unmatched challans to deductee rows. Key points include submitting the request with the correct financial year, quarter and latest token number, and only editing fields that allow changes like interest claimed for unmatched challans prior to 2013-14.
The document provides an analysis of procedures to address non-deduction or non-collection of tax at source before filing a tax audit report under Clause 34 of Form 3CD in India. It summarizes key sections of the law related to tax deducted at source, including Section 40(a)(ia), Section 201, and Form 26A. It also analyzes Clause 34 of Form 3CD and provides an illustration of how to comply with the requirements when tax was not deducted on payments to residents. In under 3 sentences, the document summarizes important Indian tax compliance procedures for tax auditors relating to tax deducted at source.
This document provides an overview of tax audit requirements under Section 44AB of the Indian Income Tax Act of 1961. It discusses the key clauses and recent developments related to Form 3CA, Form 3CB, and Form 3CD for tax audit reports. Some of the main points covered include an increased scope for tax auditors, amendments to various clauses and forms, obligations to furnish information electronically, and a consolidated list of clauses required in Form 3CD tax audit reports.
Updated master guide on gst annual return and audit including 20 case studiesPSPCL
The document discusses the key provisions related to annual return filing and audit requirements under the Goods and Services Tax (GST) in India. It provides details about Form GSTR-9 for normal taxpayers, Form GSTR-9A for composition scheme taxpayers, Form GSTR-9B for e-commerce operators, and Form GSTR-9C for taxpayers with over Rs. 2 crore annual turnover which requires audit. It also summarizes the deadline of December 31, 2018 for filing annual returns for FY 2017-18, and the late fees of Rs. 400 per day up to 1% of turnover for delayed filing.
“Most awaited GST Annual Return (Form GSTR 9) and Audit Reconciliation Statement (Form GSTR 9C) are notified by Government vide Notification 39/2018 CT dated 4th Sep 2018 and 49/2018 CT dated 13th Sep 2018. Due date for filing of the same for F.Y. 2017-18 is 31st Dec 2018. Enclosing herewith Master Guide on GST Annual Return and Audit, covering:
§ How to Go Head with Annual Return and GST Audit
§ Important Provisions
§ Analysis of GSTR 9 Form and How to fill the same
§ Analysis of GSTR 9C Form and How to fill the same
Professional should plan their work and ensure to file the said forms before due date, without waiting for extension.”
Thanks & Regards
CA Swapnil Munot
+91 90212 65137
The document discusses changes to the Indian income tax return (ITR) forms for the assessment year 2018-19. Key changes include:
1) Only resident individuals can now use ITR-1, removing non-resident and not ordinarily resident individuals. ITR-1 also requires additional details for salary and house property income.
2) ITR forms 1-4 introduce a new late filing fee under section 234F if the return is filed after the due date.
3) ITR-4 requires additional financial details for those filing under presumptive taxation schemes.
4) ITR forms 3, 5, and 6 now require reporting of goods and services tax (GST) details
Benami Transactions (Prohibition) Act, 1988 has been amended and renamed as Prohibition
of Benami Property Transactions Act, 1988 (PBPT Act). Benami Act mainly focuses on finding
real names behind nameless real estate transactions. The amended act clearly defines the benami
transactions
The document provides step-by-step instructions for creating and adding details for outward supplies in the GSTR1 return on the GST portal. It describes how to access the portal, login, select the filing period, and click "Prepare Online" to access the GSTR1 form. It then outlines the various tiles and tables within GSTR1 for entering details of B2B invoices, B2C invoices, credit/debit notes, exports, nil rated supplies, tax liability, and HSN/SAC summaries. Specific fields and validation rules for adding details to each table are also defined.
1) Tax invoices must be issued by registered taxpayers for taxable supplies of goods or services, before or at the time of removal, delivery, or provision. Credit and debit notes can be issued for adjustments.
2) Composition dealers and exempt supplies require bills of supply instead of tax invoices. Receipts are given for advances, and payment vouchers for reverse charge supplies from unregistered persons.
3) Credit notes must be issued within 30 days of the end of the financial year for excess charges. Debit notes are for short charges. Details must be declared in GST returns.
The document provides an overview of the Goods and Services Tax (GST) in India, including:
- The design and main features of the GST law, which unified multiple indirect taxes into a single tax regime.
- The administration of GST through the GST Network and IT system, as well as the role of the GST Council and Central Board of Excise and Customs.
- The benefits of GST for businesses and consumers through simplification, reduction in compliance costs and cascading of taxes, and the creation of a national market.
This document provides an overview of the Goods and Services Tax (GST) system that is being implemented in India, including:
- The benefits of GST for trade and consumers through simplification and harmonization of taxes.
- The existing complex indirect tax structure that GST intends to replace.
- The Constitutional amendment that was passed to allow for GST and the powers it assigns.
- The role and decisions of the GST Council in determining features of the law and tax rates.
- The main features of the GST laws, including the four-tier tax rate structure, input tax credit system, and registration requirements.
- The roles of the GST Network and Central
This document provides an overview of the Goods and Services Tax (GST) session presented by CMA Ashok B Nawal. Some key points summarized:
1. GST will subsume many current central and state taxes like excise duty, VAT, service tax, etc. into two taxes - Central GST and State GST. Inter-state transactions will be levied with Integrated GST.
2. The GST model in India follows a dual GST structure being levied concurrently by the Center and States. A GST Council has been constituted to make recommendations on taxes subsumed, rates, threshold limits, and other aspects.
3. GST will be applicable across
The document summarizes the process for migrating existing taxpayers to the Goods and Services Tax (GST) system in India. It involves the following key steps:
1. Taxpayers obtain a GSTN login ID and password from the aces.gov.in website to complete the enrollment process on gst.gov.in.
2. Taxpayers complete the enrollment process on gst.gov.in by providing business and registration details as well as uploading required documents.
3. Upon successful submission, taxpayers receive a provisional GSTIN and final registration within 6 months if all information is verified correctly.
The document discusses initiatives by the Indian government to promote digital payments in India. It outlines incentives like discounts on fuel, tolls, and rail tickets for digital transactions under Rs. 2000. It introduces the Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana programs that reward consumers and merchants for digital transactions between Rs. 50-3000 through daily, weekly and mega prize draws, with prizes up to Rs. 1 crore for consumers and Rs. 50 lakh for merchants. The programs are aimed at promoting and rewarding digital payments through RuPay cards, UPI, AEPS and USSD, and are being implemented by the National Payments Corporation of India.
The document outlines the agenda for a webcast on opportunities in GST, including a brief background on GST and transitional challenges. It then provides details on the timing allocated to various topics, including impact analysis through examples and key impact areas. The impact areas discussed include the need to re-engineer processes, procurement, credit carry forward claims, exemptions, composition scheme, vendor management, agreements, and accounting practices.
This document provides an overview of the proposed Goods and Services Tax (GST) model in India. It discusses the perceived benefits of GST, the existing indirect tax structure, key features of the Constitution Amendment Bill, the proposed GST model including features of the draft GST law, the role of the GST Network and Central Board of Excise and Customs, and the next steps toward implementation. The key aspects covered are the dual GST structure of CGST and SGST/IGST, the proposed tax rates and compliance requirements, and the transition process.
The document summarizes proposed revisions to the schedule of TDS for resident deductees in India. Some key changes include merging various interest income categories under a single head and reducing TDS rates for certain sections from 10% to 5%. Threshold limits for certain payments are increased and exclusions are to be separately notified. Section 193 relating to TDS on interest on securities will be deleted and replaced by a new Section 194A covering TDS on all interest payments at rates of 5-10%.
The document outlines India's efforts to reform its power sector through the UDAY program and achieve 24x7 Power For All. Key points:
1) UDAY aims to permanently resolve issues facing power distribution companies (DISCOMs) by having states take over some of their debt, improving operational efficiency to reduce losses, and enabling periodic tariff increases.
2) Operational efficiency will be improved by reducing Aggregate Technical and Commercial (AT&C) losses through better metering, infrastructure upgrades, and public awareness campaigns against theft.
3) Demand side management programs like LED lighting adoption and efficient agricultural pumps will reduce peak load and energy consumption.
4) Transparency in procurement has led to sharp
The document provides step-by-step instructions for using the online correction feature in TRACES to correct Form 24Q statements. It explains how to submit a correction request, view the status of requests, validate challan details, edit matched and unmatched challans, add new challans, and tag unmatched challans to deductee rows. Key points include submitting the request with the correct financial year, quarter and latest token number, and only editing fields that allow changes like interest claimed for unmatched challans prior to 2013-14.
The document provides an analysis of procedures to address non-deduction or non-collection of tax at source before filing a tax audit report under Clause 34 of Form 3CD in India. It summarizes key sections of the law related to tax deducted at source, including Section 40(a)(ia), Section 201, and Form 26A. It also analyzes Clause 34 of Form 3CD and provides an illustration of how to comply with the requirements when tax was not deducted on payments to residents. In under 3 sentences, the document summarizes important Indian tax compliance procedures for tax auditors relating to tax deducted at source.
This document provides an overview of tax audit requirements under Section 44AB of the Indian Income Tax Act of 1961. It discusses the key clauses and recent developments related to Form 3CA, Form 3CB, and Form 3CD for tax audit reports. Some of the main points covered include an increased scope for tax auditors, amendments to various clauses and forms, obligations to furnish information electronically, and a consolidated list of clauses required in Form 3CD tax audit reports.