Bashmakh & Co (Chartered Accountant)

The real-estate (Regulation & Development) Act,2016 intends to set that the real-estate Regulatory Authority which would govern and advertise the real estate industry. The chief goal of this Act is to promote transparency, accountability, and efficiency in the real estate sector. So that the customers get timely delivery of Property. Every developer developing property over 500 sq. mtr or with at least 8 flats, needs to be enrolled. Developers need to place info like layout plan, project plan, Sanction, property name standing, information of promoters, architects, contractors, and day of conclusion with their state RERA Developers need to place aside 70 percent of the amount received from customers in RERA designated bank accounts towards the project Construction. Builders will probably undoubtedly be penalized whether there's just a delay in deliveries. The carpeting area was clearly explained in the law. What Exactly Is RERA Project Registration? No Promoter can Advertise o...

Goods & Service Tax Registration is the mandatory process for all type of person involved in business of buying and selling of Goods or providing services if their turnover crosses a certain threshold limit. GST Registration is required for obtaining a Unique GST No., which is GSTIN. GST registration will further help all persons conducting business to collect taxes from their customers and render to the government. Further all such GST Registration  users can claim input tax, which they’ve paid on inward supplies. GST Registration Services in Thane, Mumbai The Goods and Services Tax (GST) regime has replaced and simplified the procedure of indirect taxation.  GST Registration is mandatory for several traders or entities having turnover over a predetermined threshold limit. Enroll in GST through top-notch services provided by Bashmakh & Co , The enrollment in GST through us makes it possible for entities and individuals to concentrate on the core business without even ...

MahaRERA shall implement "Financial Quarter Based Project Progress Reporting System" for all MahaRERA registered real estate projects. Promoters shall file Quarterly Progress Reports (QPR) as per Financial Quarters within 7 days of the Quarter End (Due Dates will be every 7th day of July, October, January and April respectively). The first financial quarter based QPR will be due to be filled by 15th August, 2021 for all registered projects (for April May June Quarter) irrespective of the date of their last QPR filled. What are the compliances under RERA ?  Promoters are compulsorily required to update their project quarterly. They should ensure the Real Estate (Regulation and Development) Act 2016. The Maharashtra Real Estate Authority (MahaRERA) vide its Order No. 18/2021 dated 28th July 2021 has made QUARTERLY UPDATES for each project COMPULSORY. The Order further states that the non-compliance shall be strictly responded with PENAL ACTION. Read More It has further describe...

CANCELLATION & REVOCATION OF GST REGISTRATION   CANCELLATION of GST Registration The GST registration is mandatory to every person/business with an annual turnover of 20 lakhs or more and the person making inter-state transaction of taxable goods/service however the person who is already registered can opt for GST Cancellation also in given scenarios: 1. If the annual turnover of the business is falls under threshold limit. 2. If the person discontinued the business.  3. If there is a changes in constitution of business. 4. If the person has transferred or merged the business with any other organization. Read More

In this article, we will try to understand the concept of Charitable Purpose. We have tried to cover different possibilities in the form of guidelines, case laws , and other relative topics. With an intention of giving our readers an enhanced yet simply matter, we have introduced few guidelines covering different instances, which are also in the form of case law Judgments, wherein it is very well thought to learn what is a charitable Institution and how does the same should satisfy the very important condition of being constituted for charitable purposes. Read More This Article to get information:-  A Guideline to a better understanding of Charitable Institution and the term ‘Charitable purpose’

  A Guidance Tour to Cross Charge In this article/blog, we will learn important aspects of GST which is a Goods and Service Tax charged on the supply of Goods and Services. These important aspects are cross charge and GST implications. What is the meaning of Cross Charge? Basically, we have to pay GST on the supply which is base on assumption or we can say GST is to be paid on deemed Supply of service, and such service is deemed to be taking  place between the employee of Head office and that of the branch office. Read More Information:-  A Guidance Tour to Cross Charge

 What do we understand by the term Chartered Accountancy or a Chartered Accountant? 1. Let us try and learn today about one of the most qualified posts in the commerce field and that is none other than a chartered accountant. 2. Chartered accountancy is an international accounting designation granted to accounting professionals in many countries around the world, aside from the United States. For example, in India, we have Chartered Accountants whereas in the United States there are Certified Public Accounts. Read More:-    What do we understand by the term Chartered Accountancy or a Chartered Accountant?