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Search results for: Income Tax Act

Instakart and Swiggy Under Tax Dept Radar

Govt Starts Investigation for Bogus ITC at Instakart & Swiggy Offices

In context to the bogus ITC claiming the logistic manager company of Flipkart and online food delivery platform Swiggy Instakart were investigated by Tax council. two of these companies have accepted their guilt. “As a law-abiding company, we are in full compliance with the tax and legal mandates. The survey by the IT officials is […]

List of Best Payroll Software

Best 20 Payroll Software As Per Popularity & Performance

Are you still using the old, manual process of payroll management, where all the data is manually entered and managed in Excel sheets or physical paper? Then, you can definitely save good money and time by learning about the best HR payroll software in India. Online payroll software is a digital, cloud-based application that can […]

GST Officials Action Against Fraud Companies

GST: Govt Eliminated 7K Fraud Companies Using Data Analytics Tools

Seeking protective data analytics through the firms, the government has initiated a restriction to the GST evasions where 7000 entities were actioned upon and arrested 187, it is a campaign to float the tax collection said Ajay Bhushan Pandey Finance Secretary. In December 2020 the net GST collection was Rs 1.15 lakh cr which was […]

GSTR 9 and 9C Revised Due Dates

Current GSTR 9 & 9C Due Dates for FY 2019-20 (31st March 2021)

The due date for filing the yearly returns (GSTR 9 & 9C Form) of the goods and services tax (GST) 2019-20 is prolonged by the government by 2 months post demand of the interval sought by the companies on the basis of difficulties in compliance and interruptions because of coronavirus. Current Due Date for GST […]

Pay 1 Percent GST Under Rule 86B

Biz T.O. INR 50 Lakh a Month to Pay 1% GST Under Rule 86B

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 […]

Electronic Units Paid INR 35,634 CR GST

Electronics Production Units Paid INR 35,634 CR GST Earlier Under PLI Scheme

Beneath the previous electronics manufacturing incentive policy the manufacturing units given the goods and service tax (GST) worth Rs 35,634 cr in which the provided subsidy was just Rs 1021 cr which shows that the substantial cost advantage for the government which the GST will only enhance below the new production associated incentive (PLI) policy. […]

Fake GST Invoices

Fraudsters’ Mind vs Govt Intelligence for Fake GST Invoices

All over the country, the Directorate General of Goods and Services Tax Intelligence (DGGSTI) in the previous month has arrested 100 persons and recorded 3479 entities inside 1161 cases in the concern of illegally claiming the input tax credit(ITC) through the bogus GST invoices and causes the government tragedy. Despite lower revenue collection. Latest Update […]

Report on GST Invoices Under UIN

CBIC Declares Waiver on GST Invoices UIN Recording

The Central Board of Indirect Taxes and Customs (CBIC) announced the rejection of a recording of a Unique Identification Number (UIN) on the GST invoices Know the step by step guide related to generating e-invoice under GST along with benefits. On 37th GST Council Meeting, FM has approved the E-invoice system for traders for the […]

Java-based ITR Filing Utility for MS Excel

Tips to Use Java Utility for ITR in MS Excel VER 2010 or Later

The income tax department to feed the requirement of the taxpayers to furnish their file on income tax return Read the easy guide on e-filing of IT return online in India. Step by step guide to filing income tax returns through official income tax department portal providing both the online and offline uses (Java and […]

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