Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
While permitting the refund of Goods and service tax (GST) towards the special economic zone (SEZ) by the Madras High court, it ruled that any individual can furnish for the refund beneath section 54 of the CGST act. Special economic zone (SEZ) is the applicant and shows the buyings from various suppliers or vendors for […]
ITR filing procedure does not finish on the stage of verification. When the person has validated his own tax returns then the income tax department then initiates the process of the tax return. Post to the process of income tax return the income tax department sends the intimation notice. Under section 143(1) of the Income-tax […]
Goods and Service Tax Network (GSTN) has opted the decision to improve the performance of the system and then provides relief to the assessee and council through the way of interest auto-computation facility, active EVC even for companies/LLPs, the search facility for advance ruling, and others. Towards the returns, the GSTR-3B/CMP-8/GSTR-5 automatic computation of interest, […]
The industry has asked that interest be paid on the inappropriate input tax credit, which was profited however not used under the goods and service tax (GST) administration, be returned. Meanwhile, in the recent meeting, the GST Council liberated these credits from interest rates from July 1, 2017, when GST was entered. Although, it did […]
CBDT has revealed that the time period for processing the returns including the refund claims beyond the mentioned time limit for cases which does not come under scrutiny from 30, 2021, to November 30, 2021. “Central Board of Direct Taxes (Board) vide its order under section 119 of the Income-tax Act, 1961 (Act) dated 05.07.2021 […]
The Central Board of Indirect Taxes and Customs (CBIC) mentioned that the amount of CGST, SGST, or IGST improperly filed for intra-State or inter-State shall be refunded in 2 years. The board has obtained representations sought for clarification upon the problems towards the refund of the tax which is filed mistakenly as mentioned in section […]
The Central Board of Indirect Taxes and Customs (CBIC) has stated the Central Goods and Services Tax ( Eighth Amendment) Rules, 2021 which decree Aadhaar authentication for Registered persons for filing of an application for abandonment or cancellation of registration, reimbursement of application. The CBIC placed Rule 10B in order to Aadhar authentication for a […]
In the current era, people need ready data to execute their chores easier and in less time. CA or tax practitioner companies need effective best income tax return software. Also, they seek effective practice management software for ease of filing compliance and laws. Work in distinct companies is executed through distinct capable software. On the […]
The refund shall be furnished to the credit that collects on inputs beneath the inverted duty for the GST regime said Supreme court. As per the order, the Madras High court placed it alongside the order of the Gujarat high court. The appeal has been acknowledged which the GST department urged to go through again […]
