Haryana Government announced free Chartered Accountant Certificate to the traders who have annual turnover below 20 Lakhs. Manohar Lal Khattar, the chief minister of Haryana, made this announcement on Thursday during a function to launch the Vyapari Kshatipurti Yojana. The order will come into force from April 1.
The Chartered Accountants in this scheme are the one who are empanelled with the state government. As per the announcement, the CAs who are enrolled with the state government has to give the certificate freely to the traders who has turnover
During the launch, the CM explained that small business owners needed to pay a small fee for a CA certificate in order to register for GST. Small traders with a turnover of less than Rs 20 lakhs will now be able to obtain the CA certificate from government-enrolled CAs for free, according to the CM’s declaration.
Section 18 of the Central Goods and Services Act (CGST), 2017, states about certification for different purposes by the practising Chartered Accountant.
In accordance with section 18(1)(a) of the CGST and SGST Acts, a person who has applied for registration under this Act within thirty days of the date on which he becomes liable to registration.
And if it has been granted such registration shall be entitled to claim input tax credits for inputs held in stock and inputs contained in semi-finished or finished goods held in stock on the day immediately preceding the date from which he becomes liable to pay tax under the acts by declaring the same electronically on a Common Portal in Form GST ITC-01.
The details furnished in the above statement shall be duly certified by a practicing chartered accountant or a cost accountant where the aggregate claim exceeds Rs. 2 Lakhs.
This is a relief to the traders who have less turnover. Apart from this, the government has launched Mukhyamantri Vyapari Kshatipurti Yojana to give insurance benefits to traders having an annual turnover of up to Rs 1.50 crore.
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