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GST Notices for Voluntary Payments

Govt Sent Notices for Past GST DRC 03 (Voluntary Payments)

Against the bogus invoices, the government has taken measures. The government has started questioning the assessee that why they on their own paid the taxes since GST was incorporated. The question affects the taxpayers who are already facing a hard time due to pandemics. Beneath the GST the assessee can release the outstanding tax liability […]

GST Applicable for Housing Society Services

Maharashtra AAR: Housing Society To Levy GST on Certain Threshold Limit

In recent times, the finance ministry circular has again announced that the resident welfare association having 20 lakh or more annual turnover or if they charging INR 7500 per month must pay GST on certain conditions. Also, the Maharashtra Appellate Authority for Advance Ruling (AAAR) for GST has stated the same for all the RWA. […]

GST Suggestions for Union Budget 2021-22

Vivek Johri (Special Secretary & Member) Asks GST Suggestions for Budget 2021-22

The special secretary and member Vivek johri has recently issued a letter to its colleagues which stated that there might be multiple changes in the union budget of 2021-22 which would be presented in Jan/Feb 2021. In the amendment, it has been suggested that there would be changes in the duty rates and rationalization of […]

Old Tax Notices for Businesses in Punjab

Old AY 2013-14 Brings Tension for Business Community in Punjab

The tax professional and the businessman are against the assessment of the previous cases of 2013-14 intended by the state GST when there was value-added tax (VAT). 20 November is the last date to which the stakeholders see it impossible in accordance with the deadline to complete the assessment. The businessman and the tax professional […]

Registration Process of One Person Company

One-Person Company: Annual Filing Compliance with FAQs

Various newer concepts have been initiated in the law, and alterations has come across to run the companies in India in 2014 within the Companies Act 2013. One of them is the One Person Company in India (OPC). The One Person Company section refers to a company with only one person or member. This can […]

No Goods Movement If Missing GST Returns

No Eway Bill from Dec 2020 If GSTR 3B Monthly Filing Missed

From December onwards the small and larger businesses will not be able to transfer their goods from one place to another if they will not furnish the GST return within the due date. From December 1 GST network will activate the automatic system, the one who will not furnish the GST return in form GSTR-3B […]

Tax Levy on Software Payment from a Foreign Company

IT Levy on Payment by Distributor for Acquiring Software from Overseas

The income tax appellate tribunal (ITAT) Bangalore ruled that the return on getting the software from the foreign company is to be taxed and implemented by the distributor. The taxpayer is the owner of Kaseya Software India Pvt Ltd and has the charge to distribute the software in India, handling the events and several other […]

GST Council Law Panel Meeting

Law Panel of GST Council Decided to Handle Fake Invoice Issue

The GST council based law panel has decided to mutually come up with the options to handle the fake invoice issue and will be making a final decision on it. While the panel consists of bigger members it also has an extensive team of around 10 members from each state and centre and 2 members […]

GST Turnover Details Under 26AS Form

DoR: No Hard Work Related to GST turnover Under 26AS for Taxpayers

The revenue council on Monday specified that people are not paying the returns despite they have been founded with turnover in crores and declares that for the honest assessees while also stating that there will be no major amendment in the reporting of GST turnover data in Form 26AS. There is no more load on […]

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