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The bridge between the collection of GST cess along with the revenue shortfall seen by the states to implement the goods and service tax can lie between anywhere from Rs 5 lakh crore to Rs 7 lakh crore as by June 2022 as from Rs 2.35 lakh crore expected for this year, the 15th finance […]
The CGST officials are required to take the safe way due to the frauds undertaken in availing the ITC through the business entities said by the GST officials. In the CII conducted webinar there are various reasons to block the input tax credit (ITC) A complete guide for understanding the basics of input tax credit […]
If the assessee will not submit the audit report along with the income tax return then tax deduction and the advantages like investment associated deduction will not be given, said the Delhi Tax Tribunal. There are various investment-associated deductions which are concerned with an agreement through several conditions given by the Income Tax law Get […]
Furnishing income tax returns is important. The income tax is mandatory for the people who have passed away. According to the Income Tax Department of India, the tax must be furnished for the year in which the individual has died. Various people do not have any idea about this rule. It is now mandatory to […]
On the 5/11/2020 income tax department conducted the operation in the context of the evangelist of Thiruvalla in Kerala along with the group of several trusts which enjoy the privilege beneath the Income Tax Act, 1961 “Get to know complete guide of TDS provisions under income tax act 1961 at here. Also, we include several […]
The revenue department wants to collect the same amount as the taxes of the previous year, hence it is tightening the compliance requirements related to e-invoicing. Buyers need to ensure that appropriate e-invoices are issued to them by listed large GST-registered businesses Get to know the complete GST registration procedure online on the Indian government […]
The union finance ministry on Thursday announces that the present government congress who rules Rajasthan became the 25th member of the Goods and service tax (GST) administration to admit Rs 1.1 lakh crore through all members so as to fill the gap built during the lockdown in 2020-21 as given by the centre. From the […]
The National Anti-Profiteering Authority (NAA) in a matter found Infiniti Retail guilty for not providing GST rate reduction benefits to the DSLR Camera and Power Banks buyer. In this matter, M. Shriniwas is the applicant, and he alleged profiteering by the Respondent Infiniti Retail Pvt. Ltd. in respect of DSLR Cameras and Power Banks supplied […]
GST Authorities keep taxpayers and other institutions up-to-date with the schedule, due dates, amendments, and tax rates by releasing the Notification, Notices, and circulars. To stay up-to-date with everything taxpayers have to wander here and there and search for the specific GST notification. To make things easier for everyone, we are collecting all such notifications […]
