Powerd By SAG INFOTECH
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The latest e-filing web portal was successfully launched on 7, June 2021 by the income tax department on the website www.incometax.gov.in. the motive to launch the new e-filing portal is aimed at giving the assessee convenience and a modern, seamless experience to the assessee. FM Instructs Infosys to Develop Taxpayer Friendly New E-portal On Tuesday […]
A special drive has been launched by The Central Board of Indirect Taxes and Customs (CBIC) for clearing all the pending GST refunds by the end of this month. This is a 15-day GST refund drive which is in parallel to the similar drive that has been launched by CBIC for the purpose of refunding […]
Every country expects that its native people “who reside abroad mostly” should invest in the domestic economy to boost the growth and development of the country. So is the case with India. India expects the injection of funds from Non-Resident Taxable Person (NRTP) Who is NRTP? In layman terms, An NRI that supplies goods and […]
The Madras High Court has issued the directive to the concerned GST authorities for permitting the advantage of refund claim as legitimate export incentives cannot be rejected. Here, the petitioner is BNP Paribas Global Securities Operations Private Limited who has filed 3 refund claims for different periods of time. And subsequently, the three refund claims […]
Similar to Tax Exemption, Every budget and every successive government proposes a rebate of tax for a certain level of income. At Present, the rebate of tax is accessible for those individuals whose income is not in excess of ₹5 lacks. Notably, This rebate is available as per Section 87A. Let us discuss how this […]
The Central Board of Indirect Taxes and Customs (CBIC) has circulated the ‘advisory’ regarding the implementation/execution of PMT-03 for re-crediting the Input Tax Credit (ITC) that has been approved as a refund. The Board has Highlighted the following Notification: “Notice bearing number16/2020-Central Tax dated March 23, 2020, through which sub-rule4 A has been added in […]
The Goods and Service Tax Networks (GSTN) is open for newer functionalities concerning the enrollment, returns, audit, front office, and Webinars Directed for Taxpayers on GST Portal. Latest Update 13th September 2022 07th May 2022 May, 2022 https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_may_2022.pdf January-March, 2022 https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_jan_mar_2022.pdf December 2021 https://tutorial.gst.gov.in/downloads/news/new_%20functionalities_compilation_december_2021.pdf November 2021 https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_november_2021.pdf July-September, 2021 https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_july_september_2021.pdf April-June, 2021 https://tutorial.gst.gov.in/downloads/news/newfunctionalities_compilationaprjun2021.pdf New Applications […]
With respect to the last year, the corporate houses have furnished over 20% more tax this financial year with respect to the last year as per the information available through the Central Board of Direct Taxes (CBDT) as of March 25. In the top 10 list, HDFC bank leads with paying Rs 12050 cr in […]
Revenue from direct tax collection, amidst fiscal stress provided relief to the government. It is moving nearby to the amended Budget target for 2020-21 and might receive a stimulus from the final installment of the payment of advance tax. Its deadline ended on Monday. The revenue from net direct tax declined to 5 percent year-on-year […]
