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Cloudtail India is one of the largest sellers on Amazon.in Platform, recently its Goods and Service Tax (GST) registration was suspended in Haryana and due to this, the seller faced a major supply disruption. Cloudtail India is an Amazon-affiliated company owned by Prione Business Services, a joint venture between Amazon Asia-Pacific Holdings Private Limited and […]
The last date of furnishing income-tax return up to 31st July 2022 is not that far away, but there is no point in filling it in the previous few minutes. You can start the return filing process right away to avoid all the last-minute complications such as technical glitches on the portal or missing data, […]
From January rather than 12 at now, the businesses whose turnover exceeds Rs 5 cr turnover will have to furnish only GST sales return or GSTR-3B. There shall be 94 lakh assessees to which the policy of Quarterly filing of Return with Monthly Payment (QRMP) Know the everything about QRMP (Quarterly Return Filing & Monthly […]
The Income Tax Appellate Tribunal (ITAT), Mumbai during permitting the right for the facilities charges on flat sale rules that the facilities charges decrease the capital gains. The problem is a concern to the facilities charges claimed by the taxpayer as a portion of the cost of purchase of the flat. On the submission obtained […]
The Engineering Export Promotion Council (EEPC) recently came up with a statement that the current rules-regulation and how they have been interpreted under the Goods and Services Tax (GST) framework are causing many difficulties for some engineering companies. The EEPC knocked on the door of the government and asked them to pay attention to this […]
The Central Board of Indirect Taxes and Customs (CBIC) had published the Quarterly Return Monthly Payment Scheme. CBIC states that the enrolled individual to whom the return in form GSTR-3B is to be filed while providing the eligibility for QRMP, and those whose average turnover is Rs 5 cr in the previous fiscal year are […]
The government has given the exemption in the penalty to those who seek business to consumer B2C transactions for 4 months duration from 1/12/2020 to 31/03/2021 to give invoices excluding dynamic QR code through the enrolled people with the turnover of more than Rs 500 cr says the Department of Revenue (DoR), Ministry of Finance. […]
With the rise in the strictness done by the government, the 25,000 businesses who had not furnished the GST return in November will urge to quickly file the same as the council is sending text messages as well as emails required them to follow with the needs. Beyond this, nearly 5.43 lakh businesses have not […]
While the setback hit the market of multinational giant Procter & Gamble, the Anti-profiteering body of GST on Thursday seeks that the company of profiteering. P&G has told to give the amount of INR 241.5 cr. P&G in turn clarifies to the claims that they had followed all the legal options and works under the […]
