Powerd By SAG INFOTECH
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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 […]
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 […]
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 […]
From 20 March 2020 to 29 November 2020 Central Board of Indirect Taxes and Customs (CBIC) has prolonged the last date of GST compliance View the due dates of GST return filing forms of GSTR 1, GSTR 3B, GSTR 4, GSTR 5, GSTR 6, GSTR 9, GSTR 9C, etc. The dates are according to the […]
In the context of reducing the tax collections between the bogus invoicing and fake input tax credit, the GST council has now provided the notice to the assessee to conduct an audit. They sought details about the credentials from businesses concerning the fiscal years 2020-21 and Onwards. Latest Update The audit consists of an examination […]
The last date of income tax filing is coming closer to an end, several questions are in the mind of the assessee. One of them is to mention the earlier purchase of property in the income tax return (ITR). December 31, 2020, is the date where the taxpayer is required to file their ITR for […]
An effective IT infrastructure for the development of faceless assessment and faceless petitions policy needs to be built said by the tax consultant PwC to the Income-tax department. A robust IT infrastructure is required so that the taxpayer will furnish the credentials easily as the file consists of numerous pages declared by PwC. “As on […]
Under the direct tax dispute resolution scheme ‘Vivad Se Vishwas’ the entities furnishing the declaration can be amended till the tax council provides the certificate which displays the information of the tax arrear and the amount payable said the income tax department. The Central Board of Direct Taxes (CBDT) providing the FAQs on ‘Vivad Se […]
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 […]
