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If you have accounts in many banks, You need to be careful now, because you can come under the radar of the Income tax department. It is a better option that If these accounts are not in use, then close them. As per a report, the income tax department believes that if someone has opened […]
Punjab, Delhi, Kerala, Telangana, and West Bengal are 5 states which are not ruled by the Bharatiya Janata Party (BJP). On Monday, August 31, 2020, all these 5 states rejected the proposal of the Central Government that has been suggested in the 41st GST Council Meeting Get all updates of the GST Council 41st Meeting […]
The Delhi Goods and Services Tax (GST) council released a notification and stated that corporate debtors who have furnished statements and GST returns Get to know the online procedure of filing GST returns in India. We provide each and every GST form according to the taxpayers category under Section 37 and Section 39 respectively of […]
In response to a recent application filed by M/s Karnataka Food and Civil Supplies Corporation, the Karnataka Appellate Authority of Advance Ruling (AAAR) maintained the order of Authority of Advance Ruling (AAAR) and stated that renting of commercial space in the immovable property will attract GST Rate 18% Grab the information of revised GST slab […]
On August 25, 2020 the proposal of introducing the Punjab Goods and Services Tax (PGST) (Amendment) Bill 2020 was approved by the Punjab Cabinet. The cabinet is also simplifying the provisions and process to impose and collect the taxes as per the Punjab Goods and Services Tax (PGST). As per a source from the Chief […]
The Central Board of Indirect Taxes and Customs (CBIC) Released a notification with No. 63/2020–Central Tax on August 25, 2020. With this notification, CBIC informed that the changes which were made in Section 50 i.e inserting a proviso to Section 50(1), via section 100 of Finance (No. 2) Act, 2019 (23 of 2019) will come […]
With the Notification No. 49/2019 – Central Tax dated 09-10-2019 w.e.f. 01-07-2017 authorities made amendments in Rule 61(5) of CGST Rules. Which now states that If return in form GSTR 3B has been filed by a person referred to in rule 61(1) then he/she doesn’t have to furnish the return in from GSTR 3. Due […]
An advance ruling had been passed by the Authority of Advance Ruling (AAR) Get to know about AAR (Authority for Advance Rulings) under GST India along with its mechanism. Also, we have described its objectives, powers, orders, etc that states that “Services are intermediary services to facilitate the supply of products without a supply on […]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that the assessment would be invalidated if the notice was not issued to the amalgamated company. In this matter, M/s Siemens Power Engineering Pvt. Ltd. is the assessee and It was amalgamated with M / s Siemens Limited by the High Court of Punjab […]