How to register e-way bill

Registration and generation of e-way bill from GSTN

Features of New e-way bill system

A system for hassle free movement of goods throughout the Country with one e-Way Bill.The new system facilitates the tax payers to enter his master entries for customers, suppliers, transporters and products. This information will help him in quicker and easier generation of e-way bills later.

GST tax payer

ONE TIME REGISTRATION: The GST tax payer can open the web site http://gst.kar.nic.in/ewaybill and select the option ‘E-Way Bill Registration’. Here, the tax payer has to enter his GSTIN and on validation, the system shows him his GSTIN details and request for send OTP. The OTP will be sent to the tax payer’s registered mobile number. After entry and validation of OTP, username and password, the system creates the username and password for the tax payer.

E-way bill generation

Generation of e-Way Bill: The tax payer after logging in, select the ‘new’ option under ‘Generate EWB’ menu and enter the transaction details as per the document of the goods and enter the transporter details of Vehicle number. After validating all the fields, the system generates the e-Way Bill document with unique Number. It may be noted that the e-Way Bill is not validate without the Vehicle number entry. The vehicle number can be entered by the tax payer or the transporter. The other party of the goods can reject the e-way bill, if it does not belongs to him.

Cancellation of e-way bill

The e-way bill can be cancelled within 24 hours by the tax payer.

 

Modes of e-way bill generation

 

There are different modes of e-way bill generation – Web based, SMS based, Mobile App based, Bulk generation, API based, Suvidha Provider based.

  1. Multiple sub-users in e-way bill

The tax payer can also generate and manage multiple sub-users and assign them the roles on the e-way bill system. The tax payer needs to take care while managing the sub-users to avoid mis-utilisation of his GSTIN.

Unregistered Transporters

ONE TIME ENROLMENT FOR GST UNREGISTERED TRANSPORTERS: Unregistered transporter to open web site http://gst.kar.nic.in/ewaybill and go to ‘Enrolment for Transporter’ option. Enter the PAN details, other business details and authenticate with OTP. The OTP will be sent to his mobile number. After entry and validation of OTP, username and password, the system creates the username and password for the transporter.

Exempting goods from e-way bill under gst

  • The following items are exempting from e-way bill provisions of GST.
  • So vehicle transporting the following goods are not nessary carrying e-way bill.
  • Therefore without e-way bill, the following goods can be transport from one place to another.
  1. Contraceptives,
  2. judicial and non-judicial stamp paper,
  3. newspapers,
  4. khadi,
  5. raw silk,
  6. Indian flag,
  7. human hair,
  8. kajal,
  9. earthen pots,
  10. cheques,
  11. municipal waste,
  12. puja samagri,
  13. LPG,
  14. kirosene,
  15. heating aids,
  16. currency,
  17. vegetables,
  18. fruits,
  19. food grains,
  20. meat,
  21. bread,
  22. curd,
  23. books and
  24. jewelry.

What is e-way bill under GST.

GST e-way bill for transport of goods under the goods and services tax regime.

GST e-way bill is an electronic bill which will be required for the movement of goods in case the value of the goods are above fifty thousand rupees.

GSTN Portal

The bill can be generated from the GSTN portal and
every registered taxpayer must require this e-way bill along with the goods transferred.

 

GST E-way bill

 

GST e-way bill

e-way bill for transport of goods under the goods and services tax regime.

GST e-way bill is an electronic bill which will be required for the movement of goods in case the value of the goods are above fifty thousand rupees (Rs.50,000)

GSTN Portal

The bill can be generated from the GSTN portal and
every registered taxpayer must require this e-way bill along with the goods transferred

unique EBN

To generate an e-way bill, the supplier and transporter will have to upload details on the GSTN portal, after which a unique EBN will be made available to the supplier, the recipient and the transporter on the common portal.

E-way bill can be generated by registered supplier or recipient or the transporter.
E-way will have details of the goods being transported

SMS
According to the report, the e-way bill can be generated as well as cancelled via SMS.
Goods are transferred from vehicle to vehicle
An e-way bill is required even if goods are transferred from one vehicle to the other.

consolidated e-way bill.

And, for multiple consignments, transporters need to generate a consolidated e-way bill.

E-way bill not needed

Under the following cases,e-way bill not necessarty

  • Goods transported by nonmotorised

goods transported by a nonmotorised conveyance

  • Goods for clearance by customs

where the goods are being transported from the port, airport, air cargo complex and land customs station to an inland container depot or a container freight station for clearance by customs .

Notification to be issue for e-way bill

The date from which the e-way bill, which  would come into effect is yet to be notified.

 

Goods exempted from GST e-way bill

call on shares companies act

call on shares under companies act

Rules about Payment of Call Money on Shares

1. The Board of Directors have Authotity to make calls on Shares by Resolution passed at the Board Meeting.

2. The application amount payable on each share must be minimum of 5% of Nominal Amount of Share.

3. The 14 days notice is required to be send by the Company to its members for each call.

4. The Gap/ Interval of 1 month is required between Two Calls.

5. Not More than 25% of Nominal Value of Shares can be called at one time.

6. A member can pay call money in advance , even if no part of that amount has been called up.

7. The Directors of the Company has power to Postpone a call once it’s made.

8. The Directors of the Company has power to Revoke a call once it’s made.

9. The members is liable to pay interest if he is fail to pay call money.

10. The AOA of the Company may have separate rules regarding Payment of Call money.

list of labour laws applicability on manufacturing units

CA inter new syllabus 2018

Labour Law

 

list of labour laws applicability on manufacturing units

Following are the list of labour law along with the general applicability on manufacturing units:

1) Factories Act: Ten or more workers doing manufacturing activities with the aid of power, or twenty of more workers doing manufacturing activities without aid of power

2) Contract Labour Act: This act will be applicable to the factory where the employees are working on contractual basis and their payroll is processed by the Contractor. This act is applicable premise wise and that if at one premise of the Company, if there are more than 20 employees (differs from state to state) on contract basis, then the Management has to register their premise under the said Act

3) Payment of Wages Act: This act will be applicable only in case if the salary / wages of any employee / worker will be below Rs. 24000 per month (Rs. 24000 is amended w.e.f. August 29, 2017)

4) Minimum Wages Act: This act is applicable to all the organization. Basic theme of the Act is to make sure that all the employees and workers including contract workers are paid more than minimum wage rates as specified by the Appropriate Government.

5) Employee’s Provident Fund Act: It is applicable to all the factories which define “factory” under Factories Act and to all other establishment where 20 or more employees are employed.

6) Employees’ State Insurance Act: This act is applicable to all the factories where there are more than 10 employees, further to add, it is applicable only to the employees /workers whose salary is less than Rs. 21000 per month

7) Employees’ Compensation Act: This act is applicable to all the establishment, however first preference in terms of the Insurance compensation will be covered under ESIC Act, if the injured employees are covered under the ESIC Act, else the compensation can be claimed under Employees Compensation Act.

Central / State Law:

1) Factories Act: It is central law, but the registration and license under the said Act is premise based and the separate license will be required for the multiple factories located at multiple locations.

2) Contract Labour Act: It is again central law but the registration under the said Act will be premise based and separate registration will be required for all the premises.

3) Payment of Wages Act: It is Central law and the compliance can be done centralised from the Corporate Office.

4) Minimum Wages Act: It is Central law and the compliance can be done centralised from the Corporate Office.

5) PF Act: It is Central law and the compliance can be done centralised from the Corporate Office.

6) ESIC Act: It is Central law and the compliance can be done centralised from the Corporate Office.

7) Employees Compensation Act: It is Central law and the compliance can be done centralised from the Corporate Office.

 

CA inter new syllabus 2018

CPT mock test December 2017

  1. CA CPT mock test December 2017.
CA CPT mock test exam date is Sunday, 17 th December, 2017.

the Council of the Institute of Chartered Accountants of India is pleased to announce
that the Common Proficiency Test will be held on Sunday, 17
th December, 2017 in two sessions.

First Session
(i.e. Morning Session)
10.30 AM to 12.30 PM (IST)
Section – A Fundamentals of Accounting
Section – B Mercantile Laws
Second Session
(i.e. Afternoon Session)
2.00 PM to 4.00 PM (IST)
Section – C General Economics
Section – D Quantitative Aptitude

 

CA CPT Mock Test

caknowledgeclub.com provides online mock tests for CA CPT Exam. Mock Tests are available for Fundamentals of Accounting, Mercantile Laws, General Economics & Quantitative Aptitude.

CPT is entry Level Examination for CA course
CPT Contains 4 Papers are Fundamentals of Accounting, Mercantile Laws, General Economics & Quantitative Aptitude
CPT is objective type examination requiring student to answer 200 Multiple Choice questions (it is similar to MH-CET examination, conducted for Engineering and Medical Profession)
CPT Examination is now conducted by ICAI two times a year, in June and December only
Next CPT examinations to be held in December 2017,June 2018,December 2018 and June 2019

How to pass CPT

CPT – Passing Criteria

Student has to obtain minimum 100 marks i.e. 50% of total Marks(200) for passing CPT

No Subject wise linkage for passingCPT

Negative marking of 0.25 Marks for every incorrect answer

Blank answer will fetch Zero marks

 

CA Foundation Principles and Practice of Accounting

CA Foundation Syllabus Principles and Practice of Accounting

Paper 1: Principles and Practice of Accounting (100 Marks)

Following are detail CA Foundation Syllabus contents for Paper 1 (Principles and Practice of Accounting):

1. Theoretical Framework

a) Meaning and Scope of accounting
b) Accounting Concepts, Principles and Conventions
c) Accounting terminology – Glossary
d) Capital and revenue expenditure, Capital and revenue receipts, Contingent assets and contingent liabilities
e) Accounting Policies
f) Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates.
g) Accounting Standards – Concepts and Objectives.
h) Indian Accounting Standards – Concepts and Objectives.

2. Accounting Process

(a) Books of Accounts
(b) Preparation of Trial Balance
(c) Rectification of Errors.

3. Bank Reconciliation Statement

Introduction, reasons, preparation of bank reconciliation statement including accounting for differences.

4. Inventories

Cost of inventory, Net realizable value, Basis and technique of inventory valuation and record keeping.

5. Concept and Accounting of Depreciation

Concepts, Methods of computation and accounting treatment of depreciation, Change in depreciation methods.

6. Accounting for Special Transactions

(a) Bills of exchange and promissory notes
Meaning of Bills of Exchange and Promissory Notes and their Accounting Treatment; Accommodation bills.
(b) Sale of goods on approval or return basis
Meaning of goods sent on approval or return basis and accounting treatment.
(c) Consignments
Meaning and Features of consignment business, Difference between sale and consignment, Accounting treatments for consignment transactions and events in the books of consignor and consignee.
(d) Joint Ventures for non-corporate entities
Meaning and Features of joint venture transactions, Distinction between joint venture and partnership, Methods of maintaining joint venture accounts.
(e) Royalty accounts
Meaning of the term “Royalty” and Accounting Treatment thereof.
(f) Average due Date
Meaning, Calculation of average due date in various situations.
(g) Account Current
Meaning of Account Current, Methods of preparing Account Current.

7. Final Accounts of Sole Proprietors

Elements of financial statements, Closing Adjustment Entries, Trading Account, Profit and Loss Account and Balance Sheet of Manufacturing and Non-manufacturing entities.

8. Partnership Accounts

(a) Final Accounts of Partnership Firms
(b) Admission, Retirement and Death of a Partner including Treatment of Goodwill
(c) Introduction to LLPs and Distinction of LLPs from Partnership.

9. Financial Statements of Not-for-Profit Organizations

Significance of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet, Difference between Profit and Loss Account and Income and Expenditure Account. Preparation of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet.

10. Introduction to Company Accounts

(a) Definition of shares and debentures
(b) Issue of shares and debentures, forfeiture of shares,re-issue of forfeited shares, redemption of preference shares

CA Foundation New Syllabus 2017

CA Foundation New Syllabus 2017 as per ICAI Revised Scheme of Education and Training with effect from July 2017.
The Committee for Review of Education and Training (CRET) of the Institute of Chartered Accountants of India (ICAI) had formulated a New Proposed Scheme of Education and Training in lines with International Education Standards issued by International Federation of Accountants (IFAC) after considering the inputs from various stakeholders.

Chartered Accountancy course 2017

The Revised Scheme of Education and Training for Chartered Accountancy course will come into effect from 1st July, 2017.

Articleship for CA foundation students

examination pattern in Foundation Course
CA Course 

 

list of products exempted under gst

List of items exempted under GST.The Goods and Services Tax (GST) in India was implemented on July 1, 2017. Here is the list of products that are kept outside the purview of GST:-

1. Animal feed
2. Aquatic feed
3. Betel leaves
4. Bread
5. Butter milk
6. Children’s’ picture, drawing or coloring books
7. Coconuts
8. Contraceptives (Condoms)
9. Curd
10. Earthen pot and clay lamps
11. Educational services
12. Eggs
13. Fire wood
14. Fish
15. Fresh fruits
16. Fresh milk
17. Fresh vegetables
18. Gandhi topi
19. Hand operated agriculture equipments
20. Hearing aids
21. Human blood
22. Human hair
23. Indian national flag
24. Indigenous handmade musical instruments
25. Jaggery
26. Judicial, Nonjudicial stamp papers, Court fee stamps
27. Khadi yarn
28. Kumkum, Bindi, Sindur
29. Lassi
30. Live animals
31. Live trees and plants
32. Medical services
33. Municipal waste, sewage sludge, clinical waste
34. Non-alcoholic Toddy, Neera
35. Oraganic manure
36. Pappad
37. Plastic bangles
38. Poultry feed & cattle feed
39. Prasad (sacred food)
40. Printed books, including Braille books and newspaper, periodicals & journals
41. Puffed rice (muri)
42. Puja samagri
43. Raw jute
44. Raw silk
45. Raw wool
46. Salt
47. Semen
48. Slates, Slate pencils and chalk sticks
49. Tender coconut water
50. Unbranded atta (flour) and maida
51. Unbranded besan (gram flour)
52. Unbranded natural honey
53. Unpacked foodgrains (Cereals, pulses)
54. Unpacked paneer
55. Water (other than aerated, mineral, purified)
56. Wood charcoal

CPT Exam Fees

CA CPT Exam Fees for December 2017

Find out CPT exam fees for December 2017 in India & overseas

CA CPT exam fees in India

  • with out late fees

The fees payable for the Common Proficiency Test is ₹1000/- for centres in India,

  • with late fees

The fees payable for the Common Proficiency Test is ₹1600/- for centres in India,

CA CPT exam fees in Nepal

₹1700/- for centres in Kathmandu (Nepal)

 CPT exam fees in overseas

$300/- for centres in Abu Dhabi, Doha, Dubai & Muscat

Applications for admission to CPT

Applications for admission to Common Proficiency Test (CPT) is required to apply on-line at
http://icaiexam.icai.org  

 

CA Couse details

CPT Mock test 2017   

CPT December 2017 exam centres in overseas
CA CPT December 2017 exam centres  in India

CPT December 2017 exam centres in overseas

PLACES OF CA CPT EXAMINATION CENTRES OVERSEAS:
(1) ABU DHABI

(2) DOHA

(3) DUBAI

(4) KATHMANDU

(5) MUSCAT

Applications to CPT Exam

Applications for admission to Common Proficiency Test (CPT) is required to apply on-line at
http://icaiexam.icai.org

CPT exam fees 2017 December

without late fee

from 4 th October, 2017 to 25 th October, 2017 (without late fees) and

with late fee

upto 1 st November, 2017 with late fees of ₹600/-. The exam fees is required to be submitted on-line by using either VISA or MASTER Credit / Debit Card.

Fees to CPT in India

The fees payable for the Common Proficiency Test is ₹1000/- for centres in India,

Fees to CPT in Kathmandu

₹1700/- for centres in Kathmandu (Nepal) and

Fees to CPT in overseas

$300/- for centres in Abu Dhabi, Doha, Dubai & Muscat

CA Course details  
CA CPT Mock Test
CA Final new syllabus