GST : List of E-Brochures - updated as on November 2022 by CBIC

 CBIC has recently updated its knowledge booklets about GST. Explained all important and relevant provisions of GST in Simple Terms to have better understanding of GST.  Good Job by CBIC. You can find all these Brochures on CBIC Website.

 

Link: https://www.cbic.gov.in/htdocs-cbec/gst/e-brochures-gst

One more change on GST Portal, Now sharing all Content in very systematic manner. Earlier there were Act, Rules etc can be downloaded in .PDF File format only. But now not only they have updated chapter/section wise but also given the reference link of related rules to that section in section itself similar to Income Tax. One more thing, that I like, a separate category for Forms, with Explanations e.g. they took 31 pages just to explain E-/Invoice in GST. Have explained Terms like B2B, B2C, SEZWP, SEZWOP, EXPWP, EXPWOP, Mandatory and Optional Fields etc.

Many Tax Practitioners fill/file Various forms directly on GST Portal. For Experienced they have expertise, but for someone new in the field, I’ll suggest, first download copy of the form/return from the Website, Analyse the same and fill manually, before going to portal straightway.

  

List of E-Brochures - updated as on November 2022 by CBIC :

• Compendium of GST Brochures (updated as on November, 2022)

• Overview of GST

• GST Benefits

• Latest Updates in GST

• Composition Levy Scheme

• QRMP Scheme

• Policy Initiatives for MSME Sector

• Casual Taxable Person

• Non-Resident Taxable Person (NRTP)

• e-Invoice Under GST

• e-Way Bill

• Registration in GST

• Job Work under GST

• Return filing procedure and relief

• GST Annual Return

• Cancellation of registration in GST

• Revocation of cancellation of GST Registration

• Audit in GST Regime

• Refund in GST

• Refund of unutilised ITC

• Margin Scheme under GST

• Inspection, Search & Seizures and Arrest under GST regime

• Reward Scheme for Informers

• Career Opportunities in CBIC

Thanks. Keep Learning. Keep Growing. 

Books Everyone Must Read: Book Nineteenth and Twentieth Book: Walking with Nanak (19) and Ek Onkar Satnam (20)

Books Everyone Must Read: Book Nineteenth and Twentieth

Book: Walking with Nanak (19) and Ek Onkar Satnam (20)

Author: Haroon Khalid (19) and Osho (20)

 

First Heartiest Congratulations on the Parkash Purab of Sri Guru Nanak Dev Sahib Ji to Everyone.

 

I was thinking about what to post on this auspicious occasion. A Story from Guru Ji’s Life, Shabad or Extract from Sacred Text he brought to the World. (Dhur ki Bani). Then thought of recommending two best books related to Guru Sahib came in mind, I ever read.

 

Whenever God incarnates in human form, there is always a purpose, to show the right path of life to the creatures. But Most People missed the message because they could not understand the teachings. For that You must see them as human when Almighty God appears in Human Form. As it is said Only Nandi could understand pain of Lord Shiva, He served him as his Master and not just God. Similarly, If We study life of Lord Rama and Krishna as omniscient omnipotent omnipresent God, We’ll never realize the Sufferings and Pain, they had to face while they lived in Human Form, and the way how one should lead and live his life, the message God wanted to convey to the Mortal World. Lord Rama did not come to just kill the Ravana, He could kill him with just a thought, but to show, How a Son, Husband, Disciple, Father, Brother or King Should be. How to maintain balance in different roles. How to accept the will of God accepting Pain and Pleasures alike in Life.

 

First Book (Walking with Nanak), I read few years back on Kindle. Basically, it was about Gurudwaras in Pakistan. But when you read, you will feel you are on a spiritual journey with a very knowledgeable guide, who is narrating all stories about Baba Nanak related to Gurudwara/s. It is not about Nanak Dev Ji who is God Thyself, but One who is Son, Father, Disciple, Friend, Husband, Brother, Accountant, Storekeeper, Farmer, Wanderer, Poet, Musician, and the Guru. Author will take you in that era like a time machine and you will become the part of that World, the World, you would never wish to return, a journey, you will wish never to end.

 

Second Book is about Japji Sahib, The First message to the World as Gurbani, The Words of Almighty God. The mistake most of us do in our life is reading or reciting Mantras or Gurbani without understanding the true meaning. This is one of the best books ever written by Osho. He described each line in such a detail, Will take you on next level of Spiritualism. Osho is known as best storyteller, not to entertain you, but to enlighten you. You won’t be the same person, if you read, understand and implement the lessons in your Life. It will transform your life forever.

 

Wishing You all once again, Happy Gurupurab. May We Follow the Guidance and Path Shown by Guru Nanak Dev Sahib Ji in our Lives. Thanks.

 

Happy Sri Ram Navami

 

Happy Sri Ram Navami to all the Brothers and Sisters.

Although the whole life of Maryada Purshotam Lord Shri Ram is full of ideal and life-motivating events, but in today's stressful times, the inspiration We can get from his life is:

"Accepting life in its original and present form. Striving for change but living the present as we have chosen without any lamentation and anguish."

The root cause of human suffering today is not to accept life in its original and present form.

An engineer wants to be a doctor, accountant wants to be an engineer and engineer accountant, sales people want to work sitting at one place like admin and admin people want to travel whole state/country/world like sales people.

A wants to Become B and B wants to Become A.

C wants to have what D Possesses and D wants to have what C Possesses.

If someone has become an engineer, then renouncing the pain of not becoming a doctor, one should try to become a good engineer.

Similarly, accepting other circumstances of life, where you are living, where you are working, the vehicle you are using, etc.

There can be a thousand reasons to be unhappy, but there is only one reason to be happy: by accepting the present and making every effort to change.

Shri Ram never opposed the circumstances, whether it was the abdication of the throne for Bharata, the order to wander into the forest by taking exile, a war with a mighty king like Ravana for mother Sita, and sent same mother Sita to forest to set an example to the people of state.

In short, be happy as you are, instead of blaming others, accept the circumstances thinking that whatever has happened or is happening is happening of your own free will.

Jai Shri Ram. Thank You. _/\_

Compliance Calendar for the month of April - 2022 (GST/PF/ESI/MCA/TDS/Income Tax)

Hi Friends, Just Sharing Compliance Calendar for the month of April - 22. It contains dates for common compliance, for trade/industry related, kindly refer related Laws. Also, for any changes Keep reading Govt’s Notifications/Circulars/Press Releases. Thanks with Best Wishes for Next FY 2022-23 and Happy Chaitra Navratri to All.

 

Compliance Calendar for the month of March - 2022 (GST/PF/ESI/MCA/TDS/Income Tax)

Hi Friends, Just Sharing Compliance Calendar for the month of March - 22. It contains dates for common compliance, for trade/industry related, kindly refer related Laws. Also, for any changes Keep reading Govt’s Notifications/Circulars/Press Releases. Thanks.

 

Startup Lessons from KGF Chapter 2

Surprised ? अचंभित ? अभी तो फ़िल्म रिलीज़ होने मे 50 दिन पड़े हैं। (14th April’22 is Release Date. )

यदि आप बॉक्सिंग का शौक रखते हैं और इस खेल की बारीकियाँ सीखना चाहते हैं तो जितना आप एक बड़े खिलाडी को रिंग मे लड़ते हुए देखते हुए सीखेंगे उससे कई गुणा आप तब सीखेंगे जब उसे फाइनल फाइट की तैयारी करते हुए देखेंगे। वो किस तरह रस्सा कूदता है, पुश अप्स के तरीके, वेट लिफ्टिंग, उसकी अटैक और डिफेंस तकनीक, वार्म अप्स, स्ट्रेचिंग आदि।

जब twitter खोला तो देखा #KGFChapter2 ट्रेंड कर रहा था, कुछ बड़े हैंडल्स के tweet देखे तो उनकी स्ट्रेटेजी समझ में आयी और लगा ये उन लोगों के लिए भी बहुत useful होगी जिन्होंने अभी अभी अपना बिज़नेस शुरू किया है।

1. Show You are in Competition with Big Brands : आज विपक्ष मे ऐसे अनेक नेता हैं जो राजनीति मे एक अच्छी Position पर हैं, उन सबमे एक बात कॉमन है, कि वो सब मोदी जी को कोस कोस कर बड़े बने हैं। पर क्या वो तब भी इतने बड़े बन पते अगर वो मोदी जी की जगह बीजेपी के किसी और नेता के नाम का Use करते ? शायद कोई उन पर ध्यान भी न देता। इसी तरह अगर कोई FinTech की दुनिया मे उठना चाहता है तो उसे Paytm जैसे बड़े नाम का सहारा लेना पड़ेगा। KGF Team को भी पता है Chapter 2 का सफ़र आसान नहीं होगा इसलिए उन्होंने इस पूरी पब्लिसिटी को Pushpa Vs KGF कर दिया।   

2. Let Companies Fight not People : जितने भी बड़े हैंडल्स हैं ट्विटर पर सब Pushpa Vs KGF पर focus कर रहे हैं, कोई भी इसे Yash (Rocky) Vs Allu Arjun (Pushpa Raj) नहीं बता रहा। एक राजनीति को छोड़ दो तो कोई भी लड़ाई पर्सनल नहीं होती। कभी नहीं सुना चंदा कोचर Vs आदित्य पूरी, दीपिंदर गोयल Vs श्रीहर्षा मजेटी बल्कि ICICI Vs HDFC, Zomato vs Swiggy, OLA Vs Uber etc .  

3. Image of Your Brand : Start working on your brand from first day, don’t wait for days, weeks or months. Start from Start. Image of Rocky in chapter 1 was set to be larger than life. Now it is going to be even bigger in chapter 2. With more powerful opponents, bigger challenges. One User Shared :

“From his childhood, Rocky wandered in search of power. But the moment he set his foot in Narachi he realised, he is THE POWER............” 

4. Invite People to Participate in Your Growth : You’ll see many polls on KGF2 just asking what KGF Fans would like to watch in movie - Action, Drama, Songs, Romance etc. KGF T-Shirts and Other Items. Similarly Ask them what colour they would like in your logo, what product/services they will prefer etc. (Kejriwal Style - सुनो सब की करो खुद की ). Let people feel themselves part of your company, establish a connection with them.

5. And at last See Big Picture – THINK BIG : रॉकी किसी गली मोहल्ले का दादा नही बना, न ही किसी कस्बे और छोटे मोटे शहर का डॉन। उसका सपना भी समंदर की तरह बड़ा था, सारी दुनिया पर राज करने का। साफ़ शब्दों मे बड़ा बनना है तो बड़ा सोचो। बड़े सपने देखो और उन सपनों को सच करने में जुट जाओ।

धन्यवाद।  #KGFChapter2 #startup

Books Every Accountant Must Read: Book Eighteen Book: CFO NITI

Books Every Accountant Must Read: Book Eighteen

Book: CFO NITI

Author: Pramod Bagri and Sandeep Kumar

 

So many years have passed, in one of companies, I worked, One Day I was finalizing Payroll for the month, one of my colleagues who also worked in same department, suddenly made a remark, “I get only Rs. X per month as Salary but Mr. XXXXX (Our CFO) gets Rs. 5X (Five Times of my Colleagues Salary). We both have same Years of Experience and Qualification, Then Why such a big gap, What Special Work He Does ?” (Aisa kya khas kaam wo Karte Hain ?).

 

I was busy in work, so did not pay attention at that time, but later his words struck in my mind ? We all are accountants, most with same qualification, same knowledge, then why some are treated like Kings and others like Pawns.

 

During those days working environment used to be very different as no transparency used to exist like now a days, even no social media was in use. All major decisions were taken in closed rooms, No Ordinary Employee could dare to put a question or get direct in the room of Top Managers.

 

Anyway, With Time I got the Answer, What Special Work They Do ?

 

There are many books with practical knowledge available for Founders/Promoters and Newly appointed CEOs, but as concerned to CFOs, most are with Tools and Techniques a CFO needs to use while performing his duties including areas like M&A, Corporate Governance, Due Diligence, Cash Management, Audit, Internal Controls, Taxes, Automations, Budgets, Financial Reports, and Dealing with all Stack Holders including Banks, Investors, Board and Govt.

 

It took many years for me to get the answer to this question, What CFOs Do ? But if today some one asks me same question, my advice would be to Read this Book, I am talking about today, “CFO NITI”. It will take you directly into the world of CFOs and just not limited to Official Duties but their personal struggles and explains their journey they travelled to reach at the top financial position of top Indian Companies. The questions asked by Authors are very relevant and would definitely help all accounting and finance professionals in handling all obstacles they face in their day-to-day professional life, also they will find many new things, they would like to implement in their companies. They will know what habits/qualities they need to develop to reach to top position or to work like a Financial Leader. They will know the areas need urgent attention. They will be in better position to manage their teams and Time. The limit and level of Delegation etc.

 

The CFOs who shared their life journey in the book:

 

1. Mr. Ajay Seth (Maruti Suzuki Limited)
2. Mr. Koushik Chatterjee (Tata Steel)
3. Mr. Raghava Rao (Amazon India)
4. Mr. R Shankar Raman (Larsen & Tourbo Limited)
5. Mr. Srinivas Phatak (Hindustan Unilever Limited)
6. Mr. Sushil Agarwal (Aditya Birla Group)

 

At Last, As Sai said, “A guide is always necessary to show us the right way in small or great matters.” If you can’t find a mentor or Guide to help you or show you the right path, a Good Book is a best Guide. Keep Reading. Keep Growing. Thanks.

End of an Musical Era

कलाकार कभी मरते नही । वो हमेशा जिंदा रहते हैं, अपनी कला के रूप मे, आने वाली पीढ़ियों के लिये प्रेरणा बन कर ।

जब भी लता मंगेशकर जी को सुना यही ख्याल मन मे आया, कि इस दुनिया से अलग और भी दुनियां है, जहाँ असीमित प्रतिभा के जीव रहते हैं जो कभी कभी पृथ्वी पर मानव रूप मे भ्रमण करने आते हैं । उनकी असाधारण प्रतिभा उन्हें साधारण जीवों से अलग कर देती है । ऐसी ही एक महान आत्मा थीं, लता मंगेशकर जी ।

ऐसा कोई भाव नही जो उन्हें सुन कर जागृत न हुआ हो, चाहे वो देश भक्ति हो, प्रेम हो, भक्ति हो, वैराग्य हो या वात्सल्य हो ।

कभी कभी ही ऐसे कलाकार या फ़नकार पैदा होते हैं, जिन्हें पाकर कला भी खुद को धन्य महसूस करती है । शायद ही इस जहाँ मे कोई ऐसी रूह होगी जिसने लता जी के गाये गीतों को महसूस न किया हो ।

आज हमारी दुनिया ऐसी ही एक महान आत्मा से वंचित हो गई । चाहे लता जी देह रुप मे आज हमारे बीच नही हैं, पर उनकी मधुर आवाज सदा सदा इस दुनिया मे उनके होने का अहसास दिलाती रहेगी ।

ॐ शांति । _/\_

Compliance Calendar for the month of February-2022 (GST/PF/ESI/MCA/TDS/Income Tax)

 Hi Friends, Just Sharing Compliance Calendar for the month of February - 22. It contains dates for common compliance, for trade/industry related, kindly refer related Laws. Also, for any changes Keep reading Govt’s Notifications/Circulars/Press Releases. Thanks.

Happy Republic Day - 2022

Happy Republic Day, Friends. We all know, Why Do We Celebrate this day and why it is such an Important Day for Our Country.

On this Day, the Constitution of India came into effect and India was declared as the Purna Swaraj Country.

One of the Definitions of Constitution : The formal or informal system of primary principles and laws that regulates a government or other institutions.

If You read constitution, you would realise How much hard work would have been done by the team involved in preparation of constitution. The Holy Book of India.

This Constitution is about Govt and Citizens of the Country, defining their Rights, Obligations and Rules to run the Country.

If you want to live a perfect life, create such constitution for your own life. Set Rules like Law and Abide by them like if broken will be punishable offense.

Usually, we live following the books written by others or obeying the rules set by others, we all are not same. Every Person is Unique, then How same Rule can work for All in their personal lives.

So, This Time Write Your Own Personal Constitution. What Do You Expect from Yourself? Your Diet, Your Exercises, Your Education, Dress Code, Standard of Language, Travels, Movies, Knowledge Enhancement, New Skills Development, Type of Books/Magazines to Read, Political Believes, Religion, Spirituality, People, Organisations, Social Media  ……………. Touch every part of your personality, your Life.

If you do this, you won’t be wandering or depending on others any more for your life decisions small or big.

Just sharing the link of constitution of India. Every Indian must read at least once in his or her lifetime.

https://legislative.gov.in/sites/default/files/COI...pdf

Once again Happy Republic Day to Everyone Here. Thanks. Jai Hind.

~ Sukhvinder Singh