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Search results for: Income Tax Act

Parliamentary Panel Recommends for Structural GST Changes

Panel Advises Center for All Possible Changes to Increase GST Revenue

The parliamentary panel has recommended to the finance ministry that the government needs to make breakthrough /structural changes in the mechanism of goods and services tax (GST) and should step up the compliance procedure to boost revenues and fill up the gap in states GST revenue receipts. Due to the CORONA pandemic, several states have […]

CBDT New Set of Rules for NRIs

CBDT Directs New Rules of Laws for NRIS on Non-Salary Payments

The Central Board of Direct Taxes (CBDT) has directed that the latest laws where the taxpayers will intend to file the electronic form for finding the taxable section of the amount other than salary filed to the non-resident Indian or a foreign firm for the case in which the taxpayers believes that the whole amount […]

No Faceless Assessment for GST Returns

No Plan to Solve GST Scrutiny Via Faceless Assessment: Thakur

Anurag Singh Thakur, The Minister of State for Finance added that till date no proposal has been made for “faceless scrutiny assessment of GST returns” by the Government. The reason being, the clause of the Goods and Services tax rule already contains a provision for electronic filing and assessment. He further added that except for […]

End Time for Kacha Bills

New GST E-invoicing Extension Destroys Kacha Bills Completely

Now making ‘Kacha bills’ for the purpose of underreporting sales volume and thus doing tax evasion shall become a phenomenon of the past and it shall soon be replaced by GST e-invoicing from April 1 onwards — for firms having turnover of more than INR 50 crores. Currently, the threshold for e-invoicing is INR 100 […]

All About US Certified Public Accountant Course

Career Scope & Benefits of US CPA Studies for CA Students

It is quite an effective decision to do US CPA within CA besides because most of the concepts are likely towards the Indian MNCs such as Infosys, Wipro, DRL which has been listed in the US and also these four needs that you must have a CPA for their global delivery services. Complete Information Concerning […]

GST Collection in Feb 2021

Expectation of INR 1 Lakh CR GST Collection in February 2021

There is an expectation of Rs 1 lakh cr GST collection for the straight 5th month in Feb converting it to the highest sustaining collection ever where its indirect tax regime was launched in July 2017 which shows the reliable economic return. The early prompts like the GST e-way bills generated Get to know about […]

Labour Laws 2021

Every Detail About Upcoming New Labour Laws 2022 for Workers

The new labour laws which were to be implemented on 1st July 2022 for all the corporates and organizations under the registration of the ministry of corporate affairs have been postponed as of now due to multiple states not agreeing on the terms. The new labour law will shrink working hours, and PF as well […]

Steps After Suspension of GST Registration

Legal Procedure to Follow After GST Registration Suspension

Prior to the changes in the CGST reform act 2018, there is no idea of the suspension of the GST registration beneath GST law. This act introduced the suspension of the enrollment through inserting the proviso to section 29 (2) of the CGST Act, 2017 effective from 01.02.2019. The proviso directed that: Moreover, it further […]

Order Related to GST Recovery for Official

Gujarat HC Orders GST Authorities for Any Recovery Mid Search Operations

There are several complaints of the urgent recovery through the GST officials in the search operations, Gujarat high court directed the central and state council for a stay as temporary in collecting or taking any due or amount from the businessman till search operation goes on. It is to be implemented if they are imposed […]

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