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The Central Board of Direct Taxes (CBDT) has again extended the last date of updating the Unique Document Identification Number (UDIN) at the e-filing web portal of the Income Tax Department from 31st January 2022 to 30th April 2022. “The CBDT has extended the last date for updating UDINs for all the IT forms at […]
The journey of implementing Goods and Services Tax that started on July 1, 2017 has impacted the lives of the population of India across the length and breadth of Industry. One of the Modi-Governments’s biggest focuses in its agenda is the Goods and Services Tax 2017. Today on the fourth anniversary of GST, there is […]
The Central Board of Direct Taxes (CBDT) on this Wednesday pinpointed that buyers of goods or services shall have to deduct TDS at the source and at 0.1% of the amount that is greater than Rs 50 lakhs when credited or paid to a resident seller on the transactions that have occurred after July 1, […]
The Goods and Services Tax Network (GSTN) has implemented new functionality for the purpose of Discharging Goods and Services Tax liability in relation to GSTR-9C that has a reconciliation statement. How to Use This Functionality To utilise this facility, the taxpayer shall first log in to the web portal of GST Portal and then choose […]
Ahead of the fourth GST Anniversary on July 1, the Industry regulatory body ‘PHD Chamber of Commerce’ has voiced an opinion that the buyer should be permitted to claim credit for taxes even if the supplier has been the defaulter in payment of GST. The PHD Chamber of commerce also said that during a meeting […]
The Goods and Services Tax Network has finally brought the feature of ‘registering complaints regarding misuse of PAN in GST Registration’. Consequently, it shall check the misuse of PAN, grab the fraudsters and assist the officials in conducting an enquiry and further provide input for the making a decision related to the cancellation of the […]
The two corona waves have ruined the entire planet and have choked production, shut down the industries, led to cash crunch but increased the registration of companies. Similar to the notion that “Action speaks louder than words” there is a saying that “facts speak better than words”. This is proved when we open the statistics […]
The Haryana Authority of Advanced Ruling, on Monday, ruled that no GST shall be applicable on delivering training to those students who are sponsored by the central or state government. Here in this case the applicant is Messrs Sachdeva College Ltd which is engaged in the domain of providing Education. And interestingly the aforesaid education […]
It has been held by the Income Tax Appellate Tribunal, Bangalore Bench thatIf computer software is affixed onto hardware and the single product i.e. integrated unit is sold then Tax Deducted at source shall not be applicable. Here, in this case, the assessee and the subject of consideration is M/s Autodesk Asia Private Limited that […]
