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“To err is human”. However, this is not the concern of the errors or mistakes in the GST. in this discussion we see some common mistakes done via assessee in GST. These glitches are normal and would be good if prevented. Not Yet Done Aadhaar Card Authentication From 1st January 2022, Rule 10B has been […]
In a major relief to the taxpayers facing problems with restoration of GST registration even after payment of tax amount, penalty, and filing of GST registration, the Madras High Court directed the GST department to restore such registrations in order to avoid problems to the taxpayers and the loss of revenue to the department. Justice […]
The second meet of the group of ministers GoM on the system reforms addressed via Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar would be decided to build 7 suggestions to the GST official. The same engaged the use of the biometric system to control GST theft, physical inspection of the office space of […]
ITR 7 can be filed by any person, including companies who are required to furnish a return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) Important Points to Know While Furnishing the ITR-7 Why So Difficult to File the ITR 7 Form? The ITR 7 is much more different than the […]
BSE listed company Suumaya Corporation, take the government along with the indirect tax council to court for the same tax demands by the state and the central GST departments. The company, used to furnish the writ petition in the Bombay High Court, mentioned that they have previously furnished the GST to the state, however, the […]
Recently the manufacturers of the auto parts, fasteners and the engineering products allied have a lower perspective towards the budget 2022 as it is created a bad impression on the community. The businessman community has been negative towards the current budget 2022 announcement. The garment industry has also raised its voice against the ignorance of […]
The All India Gem and Jewellery Domestic Council (GJC) requested the government to diminish the rate of GST (goods and services tax) to 1.25%. Inside the pre-budget 2022-23 suggestions to the central finance minister Nirmala Sitharaman said that GJC seeks the cumulative GST rate with 1.25% relied on the revenue equivalence principle on gold, precious […]
The high court of Gujarat has asked the Central Board of Direct Taxes ( CBDT) to fix the technical problems which has been faced by the taxpayers while filing the Tax Audit Report (TAR ) and Income tax returns (ITR), warning to expand the deadline to March 15 in case the job is not been […]
The faceless appeal scheme has been revised by the Central Board of Direct Taxes ( CBDT). Whenever the taxpayer makes a request, then a personal hearing through video conferencing / telephony will be applicable in all circumstances. These are the key changes that have been made this time. Another issue that has been looked at […]
