GST Act | SAG Infotech Official Tax Blog

DRAFT FORMS

Registration Returns/Statement Challan Refund Forms (Centre) Refund Forms (State) Invoice Format REGISTRATION Sr.No Form Description 1. REG-01 Application for Registration u/s 19(1) GST Act, 20 2. REG-02 Acknowledgement 3. REG-03 Notice for Seeking Additional Information relating to Registration / Amendments / Cancellation 4. REG-04 Application for filing clarification Registration / Amendment / Cancellation / Revocation […]

Big Analysis of Goods and Services Tax Through CA Eyes

GST : Goods And Service Tax (One Nation one Tax), A much awaited tax reform bill is now passed in Rajya Sabha and now we all are waiting for the applicability of new act so that different tax law in different state will be removed and only one tax will be applicable all over the nation.

Best Business Opportunities for Chartered Accountants

After the completion of the Chartered Accountant course, the aspirants can become either employed in a firm as an employee or can start their own private practice. If you want to start up your own business, then firstly you need to learn about the important terms and conditions of Business. Before getting started, the first things […]

Major Key Expectations from the Union Budget FY 2024–25

In this post, you can find the key expectations of the Modi 3.0 government for the Union Budget FY 2024-25. We anticipate the Budget for 2024 to be announced in the second half of July 2024, after the conclusion of the Lok Sabha Elections 2024. This follows the National Democratic Alliance (NDA) securing a third […]

2024 CA Day: Flat 50% Off on Tax, Payroll, and ROC Software

Like every year, SAG Infotech brings exclusive discounts on its wide range of software solutions designed for CA professionals and experts. On the occasion of CA (Chartered Accountant) Day on July 1, 2024, the company offers a flat 50% discount on select tax, ROC/MCA, and payroll software, except GST. The company product portfolio includes Genius, […]

MP State Ministers Must Be Ready to Pay Income Tax

Madhya Pradesh State Cabinet Overturnes a 1972 Rule, Now Ministers to Pay Income Tax

The Madhya Pradesh Cabinet decided that state ministers shall pay their income tax on salaries and allowances, striking down a 1972 rule under which the state government paid it for them. Urban Administration Minister Kailash Vijayvargiya expressed the proceed was proposed by Chief Minister Mohan Yadav at the time of the Cabinet meeting. “The Chief […]

Mumbai ITAT's Order In the Case of Yash Synthetics Private Limited V/S Assistant Commissioner of Income Tax

Mumbai ITAT Quashes Addition Due to Lack of Proof About Money Receipt from Seized Documents

The income tax addition of Rs. 1.61 crores has been deleted by the Mumbai Bench of Income Tax Appellate Tribunal (ITAT), because the seized documents lack information as to the date and mode of receipt of “on money.” The bench of Anikesh Banerjee (Judicial Member) and B.R. Baskaran (Accountant Member) has remarked that the entries […]

Telangana HC's Order In Case of Pottapinjara Paparao, vs Office Of The Income Tax Officer

IT Notice U/S 148 Without Modified Process is Invalid: Telangana HC Quashes Reassessment Notice

The Telangana High Court noted that notice issued u/s 148 of the Income Tax Act, 1961 without following the modified procedure under Finance Act 2021 is not valid and set aside the reassessment notice. The applicant cited that the reassessment process in the furtherance of the Finance Act, 2021, stood altered but the respondents have […]

CBDT Shares Direct Tax Collections Increased by 22.19 Percent

Gross Direct Tax collections for the Financial Year (FY) 2024-25 register a growth of 22.19% Net Direct Tax collections for FY2024-25 grow at over 20.99% Advance Tax collections for FY2024-25 stood at Rs. 1,48,823 crore with a growth of 27.34% Refunds aggregating to Rs. 53,322 crore issued in the current fiscal The provisional numbers of […]

Search results for: GST Act

DRAFT FORMS

Big Analysis of Goods and Services Tax Through CA Eyes

Best Business Opportunities for Chartered Accountants

Major Key Expectations from the Union Budget FY 2024–25

2024 CA Day: Flat 50% Off on Tax, Payroll, and ROC Software

Madhya Pradesh State Cabinet Overturnes a 1972 Rule, Now Ministers to Pay Income Tax

Mumbai ITAT Quashes Addition Due to Lack of Proof About Money Receipt from Seized Documents

IT Notice U/S 148 Without Modified Process is Invalid: Telangana HC Quashes Reassessment Notice

CBDT Shares Direct Tax Collections Increased by 22.19 Percent

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GST Portal Now Includes Several Address-Related Fields in Registration

ITAT Bangalore: No Tax Penalty U/S 271D for Cash Receipts If Reasonable Cause Exists

ITAT Chennai: Classification Errors Don’t Disqualify Deductions in ITR

Madras HC Relief in GSTR-1 & 3B Mismatch Issues Upheld with Pre-Deposit

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