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Search results for: tax liability

Kerala HC's Order for Apco Automobiles Private Limited

HC Grants Temporary Relief to Petitioner in No GST Return without Payment Case

The Kerala High court has filed a petition challenging the glitches in the GST system along with the non-acceptance of the return without payment of the tax amount, causing various losses to the taxpayer along with the late fee payment, interest, and the cancellation of the GST enrollment and others. While admitting the application, Justice […]

26 Important GST Tasks for FY 2021-22

Mandatory GST Compliance to be Completed for the AY 2022-23

Some important GST work would need to be done as the end of the financial year has been arrived which entails some essential ramifications. The GST chores to be completed have been classified as: A. Related to Tax Compliance  B. Related to GST Input Tax  C. Related to Reconciliation  D. Related to Law  A. Tax […]

No GST Refund of Fake ITC

Madras HC: No GST Refund of Fake ITC Amount in E-Credit Ledger

The Madras High Court bench of Justice C. Saravanan did not permit a refund of the amount relying on the taxpayer’s electronic cash ledger on the basis that there were some accusations with respect to the taxpayer to claim the bogus ITC (Input Tax Credit) in the electronic credit ledger on basis of the fake […]

Essential Tasks to Complete This March

8 Tasks Must Be Done in March for Earning Individual to Avoid Penalty

There are more essential due dates that are more than the end of this fiscal year that secures a direct link with your money and is going to get finished this month. The last date to furnish the belated or revised ITR, PAN-Aadhaar link, Bank account KYC, and others are some of them. Thus an […]

Solution for Businesses As Per New GST Norms

New Amendments in GST Norms and Their Systematic Solution

In recent times, the Goods and Services Tax (GST) law has experienced important GST amendments. It just surges the mandatory reconciling of the GST data in a more regular way to prevent the differences amid GSTR-1, GSTR-3B, and GSTR-2B. The same rises the challenges to the new business which would be addressed through the technology. […]

Common GST Mistakes by Taxpayers

3 Ordinary GST Blunders: Aadhaar, Rule 86B, TDS/TCS Credit

“To err is human”. However, this is not the concern of the errors or mistakes in the GST. in this discussion we see some common mistakes done via assessee in GST. These glitches are normal and would be good if prevented.  Not Yet Done Aadhaar Card Authentication From 1st January 2022, Rule 10B has been […]

Russia and Ukraine War Impact on Taxes & Trade in India

Russia & Ukraine War! What Will Be the Impact on Indian Businesses?

The Russia-Ukraine horrible development has subsequent results and a domino effect on all portions of the world along with India. The highest macro headwind for India is a rally in crude cost. The crude oil has increased to $105 per barrel while the Gold crossed the $1900 mark in between risk hatred. RBI might surge […]

India Govt New Plan Curb Fake GST Invoices

Finance Ministry Making Action Plan to Stop Fake GST Invoices

To stop the bogus invoice activities beneath the GST the finance ministry is recognizing additional measures. Tax officials had found nearly 60 fake companies just in the national capital region that is engaged in providing bogus invoices over Rs 800 cr. Under section 132 of CGST act 2017, the issuance of the invoice or bill […]

Major Reforms for Easy GST Compliance

Highly Recommended Reforms for Easier GST Compliance in New FY

As India has entered into the year 2022 after a disastrous year and a quarter because of a pandemic and the tax structure is the basic part of the regeneration plan. When it comes to GST ( Goods and Services) which has been already going ahead while establishing its position and has been asked time […]

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