Asha Kanta Sharma is a competent professional with 13+ Years of Post Qualification (Bachelor's of Commerce with Accountancy Major) experience with rich exposure in Finance, Accounting Systems & Operations, IFRS, GAAP, Auditing, Direct & Indirect Taxation, Company Law Rules/Regulations, Financial and Statutory Statements, Compliances, Reports, and industry trends. He is conversant in Online/Offline ERP Packages i.e. SAP ERP (IB, FICO, SD & MM Module), Tally ERP9, QuickBooks, Zoho, and having Sound knowledge of Microsoft Excel & Microsoft Word.
Asha Kanta Sharma is willing to engage in a career that will allow for progress in terms of expertise, socio-economic development, and innovation through exposure to new ideas for professional growth, as well as the growth of the company.
The prime reason for hiring him will be his passion for what he does. He is trustworthy, truthful, Open Minded, Lifelong Learner, Helps others rise and give support, Responsible, and I love working in his areas of expertise and it is not a job for him. He can be trusted and reliable and he has in the past helped a lot of businesses to further improve their processes and systems and automate a lot of things saving time and energy.
Goal - "Deliver exceptional financial management and strategic insights to drive profitability and growth.”
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Issue Id: 117032
Hi Experts,Please guide regarding statutory compliance needs to be followed in order for payments being made via Credit Cards to suppliers outside ...
Read Full Issue Goods and Services Tax - GST
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Procedural breach in GST notice issuance undermines taxpayer safeguards; association seeks cancellation and reasonable response timeframe.
The Punjab Accountants Association contends that issuance of GST Form DRC 01 notices without thorough verification breaches Rule 99 under Section 61 of the CGST Act, resulting in inaccurate notices causing harm to compliant taxpayers; it demands cancellation of notices sent to law abiding entities and requests a reasonable timeframe for responses via Form ASMT 11 to ensure fair assessment procedures. (AI Summary)
Accounting - Auditing
Late filing interest and penalties: missing the belated ITR deadline triggers interest and section 234F penalties; verify returns promptly.
The Income Tax Department reminded taxpayers that December 31, 2023 is the final deadline to file belated or revised ITRs and that any filed ITR must be verified within 30 days. The Finance Act, 2022's updated returns provision allows filing of updated returns after the belated-ITR deadline. Interest on late payments accrues at 1% per month or part thereof, and penalties under section 234F apply with tiers linked to taxable income; ITR Forms 1 and 4 were notified for the next assessment year for taxpayers within specified income ceilings. (AI Summary)
Income Tax
Extension of GST recovery deadline grants authorities additional time to pursue tax discrepancies while excluding fraud cases.
Extension of the statutory recovery timeline under Notification No. 56/2023 permits tax authorities additional time to demand and recover GST dues for specified fiscal years; the prescribed three-year limitation applies from the date of filing the GST annual return and allows action for underpayment, incorrect refunds, or improper use of input tax credit, but excludes cases of fraud, wilful misstatement, or suppression of facts. (AI Summary)
Goods and Services Tax - GST