Apne Munimji

We’re Hiring!

Acharya Gehlot & Associates (Chartered Accountants) is looking for enthusiastic fresh graduates to join our team!

Salary: ₹7,000 to ₹7,500

Location: Kandivali west Mahavir Nagar Mumbai

If you're ready to kickstart your career in the field of finance and accounting, send your CV to [email protected].

Let’s grow together!

🌟 Exciting Opportunity for Aspiring CAs! 🌟

Are you ready to take your first step into the professional world? we are thrilled to announce that we are hiring Freshers and CA interns!

🔍 What We Offer:
✔️ Hands-on experience in taxation, auditing, and advisory services
✔️ Exposure to real-world client cases
✔️ A supportive and growth-oriented work environment
✔️ Guidance from experienced professionals

📝 Who Should Apply?
If you are passionate about building a strong foundation in chartered accountancy and are looking for a firm that values learning and discipline, we would love to hear from you.

📍 Location: Kandivali West Mahavir Nagar Mumbai
📧 How to Apply: Send your CV to [email protected]

Join us and become a part of a dynamic team dedicated to excellence and professional growth. Don’t miss this opportunity to kickstart your career!

📅 Last Date to Apply: 29th November

Tag your friends who might be interested or share this post to help us spread the word!

Time to Pay your Advance Tax Installment 3 for FY 2023-24

Daily accounting still giving you chills?
Well Not anymore....avail our accounting services and have complete peace of mind
Contact us and avail 10% discount on your first service

🏏 **Management Lessons from the India-Australia Final: A Winning Strategy for Success!** 🏆

Yesterday's India-Australia cricket final wasn't just a thrilling match; it was a masterclass in strategic management. Here are some key takeaways that can be applied to the business world:

1. Do not Overdo things - it will affect the end result (Rohit Sharma)

2. Slow Performance will never lead you to your overall targets (KL Rahul)

3. Sometimes the wait is too long for second opportunity (Gill and Iyer)

4. Every Rupee saved is a Rupee earned (Australia's efforts in fielding )

5. Have at least a bunch of talent to be a long lasting part of the team. Single talent when exposed leads to failure and ultimately frustration. (SKY)

6. No Matter how bad you start...all's well that ends well

7. Adapt and change as per situation

Important Management lessons to be learned from Mohammad Shami (Semi Final Match)

1. No matter you join the team Mid Way....always make sure you deliver more than 100% and be the best in the team
2. Your past is past...look ahead and Shape your future
3. Small mistakes in the path to success are inevitable...make sure you overcompensate for it. (The Drop Catch)
4. No one will remember your small mistake if eventually you deliver the end results.

Wishing the Apne Munimji family a very happy Ganesh Chaturthi

🌟 Exciting Semiqualified CA Job Openings near Kandivali West! 🌟

Attention all Semiqualified Chartered Accountants with a thirst for success! Here's your chance to shine. Our prestigious CA firm, located near Kandivali West, is on the lookout for talented individuals like you to join our team.

🏢 Company: Acharya Gehlot & Associates
📍 Location: Mahavir nagar,Kandivali West, Mumbai
🕒 Experience: Semiqualified CA

Unlock your potential with us and enjoy:
✅ Collaborative and supportive work environment
✅ Pathways for career advancement
✅ Diverse and engaging projects
✅ Competitive compensation and benefits

If you possess a strong foundation in finance, a drive to learn, and the determination to excel, we want to hear from you!

To apply, kindly share your updated resume with us at [email protected], using the subject line "Semiqualified CA Application - [Your Name]." Don't miss out on this opportunity to shape your career in a thriving firm!

Feel free to spread the word among your peers. Let's connect exceptional talent with outstanding opportunities. 🤝

*Very Imp Decisions taken in 50th GST council meeting today. Brief given below*

1. Transporters will not be required to file declaration for paying GST under forward charge every year

2. *No RCM on services supplied by a director of a company to the company in his private or personal capacity such as supplying services by way of renting of immovable property to the company*

3. Relief for taxpayer, Govt *extended the special procedure regarding mismatch in ITC availed in GSTR-3B and 2A for two more years* i.e 2019-20 and 2020-21

4. *Amnesty schemes* notified vide notifications dated 31.03.2023 regarding non-filers of FORM GSTR-4, FORM GSTR-9 & FORM GSTR-10 returns, revocation of cancellation of registration *extended till 31.08.2023*

5. To do away with the requirement that the physical verification of business premises is to be conducted in the presence of the applicant

6. To provide for physical verification in high risk cases even where Aadhaar has been authenticated.

7. System-based intimation to the taxpayers in respect of the excess availment of ITC in FORM GSTR-3B vis a vis that made available in FORM GSTR-2B

8. *Supply of food and beverages in cinema halls is taxable at 5%*

9. If the sale of cinema ticket and supply of food and beverages clubbed together then gst rate of cinema ticket will apply

10. *28% GST on the value of the chips purchased in casinos*

11. *28% GST on the full value of the bets placed in Online Gaming*

12. GST Appellate tribunal will be started in a phased manner

13. *Relaxations provided in FY 2021-22 in respect of various tables of FORM GSTR-9 and FORM GSTR-9C be continued for FY 2022-23*

14. *No GSTR-9 for turnover upto 2 crores*

15. *Input Services Distributor (ISD) mechanism is not mandatory* for distribution of input tax credit of common input services procured from third parties to the distinct persons as per the present provisions of GST law. Amendment may be made in GST law to make ISD mechanism mandatory prospectively

16. *Detailed Circular to be issued to provide clarity on liability to reverse input tax credit in cases involving warranty* replacement of parts and *repair services* during *warranty period*

17. *Refund of accumulated input tax credit (ITC) to be restricted to ITC appearing in FORM GSTR-2B*

18. Only Name of state on tax invoice, not the name and full address of the recipient, in cases of supply of taxable services by or through an organization

Important Statutory Compliances to be done on or before the end of 31st May 2023

All FAQ ON 2000 Note Policy

The Reserve Bank of India (RBI) on May 19 said it has decided to withdraw the Rs 2,000 denomination bank notes from circulation. However, the Rs 2,000 denomination bank notes will continue to be legal tender.

In order to ensure operational convenience and to avoid disruption of regular activities of bank branches, the exchange of Rs 2,000 notes into notes of other denominations can be made up to a limit of Rs 20,000 at a time at any bank starting from May 23, 2023, the central bank noted.
1. Why are Rs 2,000 denomination banknotes being withdrawn?
The Rs 2,000 denomination banknote was introduced in November 2016 under Section 24(1) of the RBI Act, 1934 primarily with the objective to meet the currency requirement of the economy in an expeditious manner after withdrawal of the legal tender status of all Rs 500 and Rs 1,000 banknotes in circulation at that time. With the fulfilment of that objective and the availability of banknotes in other denominations in adequate quantities, the printing of Rs 2,000 banknotes was stopped in 2018-19.
A majority of the Rs 2,000 denomination notes were issued prior to March 2017 and are at the end of their estimated life span of 4-5 years. It has also been observed that this denomination is not commonly used for transactions. Further, the stock of banknotes in other denominations continues to be adequate to meet the currency requirement of the public.
In view of the above, and in pursuance of the “Clean Note Policy” of the Reserve Bank of India, it has been decided to withdraw the Rs 2,000 denomination banknotes from circulation.
2. What is the Clean Note Policy?
It is a policy adopted by RBI to ensure the availability of good quality banknotes to the members of the public.
3. Does the legal tender status of Rs 2,000 banknotes remain?
Yes. The Rs 2,000 banknote will continue to maintain its legal tender status.
4. Can Rs 2,000 banknotes be used for normal transactions?
Yes. Members of the public can continue to use Rs 2000 banknotes for their transactions and also receive them in payment. However, they are encouraged to deposit and/or exchange these banknotes on or before September 30, 2023.
5. What should the public do with the Rs 2,000 denomination banknotes held by them?
Members of the public may approach bank branches for deposit and/or exchange of Rs 2,000 banknotes held by them.
The facility for deposit into accounts and exchange for Rs 2,000 banknotes will be available at all banks until September 30, 2023. The facility for exchange will be available also at the 19 Regional Offices (ROs) of RBI having Issue Departments1 until September 30, 2023.
6. Is there a limit on deposit of Rs 2,000 banknotes into a bank account?
Deposit into bank accounts can be made without restrictions subject to compliance with extant Know Your Customer (KYC) norms and other applicable statutory/regulatory requirements.
7. Is there an operational limit on the amount of Rs 2,000 banknotes that can be exchanged?
Members of the public can exchange Rs 2,000 banknotes up to a limit of Rs 20,000 at a time.
8. Can Rs 2,000 banknotes be exchanged through Business Correspondents (BCs)?
Yes, an exchange of Rs 2,000 banknotes can be made through BCs up to a limit of Rs 4,000 per day for an account holder.
9. From which date will the exchange facility be available?
To give time to the banks to make preparatory arrangements, members of the public are requested to approach the bank branches or ROs of RBI from May 23, 2023, for availing exchange facility.
10. Is it necessary to be a customer of the bank to exchange ₹2000 banknotes from its branches?
No. A non-account holder also can exchange Rs 2,000 banknotes up to a limit of Rs 20,000 at a time at any bank branch.
11. What if someone needs more than ₹20,000 cash for business or other purposes?
Deposits into accounts can be made without restrictions. The Rs 2,000 banknotes can be deposited into bank accounts and cash requirements can be drawn thereafter, against these deposits.
12. Is there any fee to be paid for the exchange facility?
No. The exchange facility shall be provided free of cost.
13. Will there be special arrangements for senior citizens, persons with disabilities, etc. for exchange and deposit?
Banks have been instructed to make arrangements to reduce inconvenience to senior citizens, persons with disabilities, etc., seeking to exchange/deposit Rs 2,000 banknotes.
14. What will happen if one cannot deposit/exchange Rs 2,000 banknote
immediately?
To make the entire process smooth and convenient for the public, a period of over four months has been given for the deposit and/or exchange of Rs 2,000 banknotes. Members of the public, are, therefore, encouraged to avail of this facility at their convenience within the allotted time.
15. What will happen if a bank refuses to exchange/accept/deposit of Rs 2,000 banknote?
For redress of grievance in case of deficiency of service, the complainant / aggrieved customer may first approach the concerned bank. If the bank does not respond within a period of 30 days after lodging the complaint or if the complainant is not satisfied with the response/resolution given by the bank, the complainant can lodge the complaint under the Reserve Bank - Integrated Ombudsman Scheme (RB-IOS), 2021 at the Complaint Management System portal of RBI (cms.rbi.org.in).

cms.rbi.org