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After extending the last date for return filing three times this year, finally, the I-T department has rejected requests for further extension of the due date for filing tax returns. The department also said that India has been more generous in providing extra time than other countries and this taxpayer’s obligation cannot be delayed indefinitely. […]
For Financial Year 2017-18 and 2018-19, a registered taxpayer will have the option to upload details for the duly signed entries in Table 8A to 8D in PDF format in form GSTR-9C (without CA certification). For FY 2019-20 the details of form GSTR-2A prepared by November 1, 2020, will be fetched in this table. Table […]
The Goods and Service Tax Network (GSTN) has made possible the new Invoice Furnishing Facility (IFF) process on the Goods and Service Tax (GST) Portal. For every month the quarterly GSTR-1 taxpayers can opt to upload the invoices through the Invoice furnishing facility (IFF). A quarterly GSTR-1 taxpayer is a small assessee who has only […]
It is now three months since the launch of the GST e-invoice system. The system turned out to be the game-changer for all the taxpayers and also for the authorities, it provided easy transition of taxpayers to the new platform. As per report, After the launch of NIC developed GST e-invoice system Get to know […]
The Delhi High Court ordered the Income Tax Authority to pass the benefit of revised TDS rates for the FY 2019-20 and a discount of 25%. The order comes in the case where Manpower Services is the petitioner and has challenged the order passed by the respondent authority following section 197 of the Income Tax […]
Form GST REG-30 gets submitted or uploaded by the proper officer, it is actually a verification report that contains all the details of the physical verification under Goods and Services Tax (GST) conducted of the person’s place of business. This article shed light on the provisions relating to filing of a report in form GST […]
As per a recent order held by the Income Tax Appellate Tribunal (ITAT), Delhi Branch, CIT (A) is not allowed to reject applications (appeal) on a technical basis without providing an opportunity to the assessee for making the required correction. In this case, AO passed an ex-parte assessment order as per section 147 or 144 […]
The central government has inserted a rule to prevent fraud from claiming an input tax credit under the GST. Now, businesses having a monthly turnover above ₹ 50 lakh will require to pay at least 1% of their GST in cash. Latest Changes for New Rule Under 86B of CGST Act Recently there was a […]
If a taxable person has received a show-cause notice in Form GST REG-23 then he/she must have to file a reply in defence using Form GST REG-24 within a period of seven working days. Today you will get proper information about the receiving of notice by a taxable person and filing replies in Form GST […]