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Search results for: tax liability

2022 TDS Guide on Sale of Property by NRI

Easy Explanation on TDS for Property Sale by NRI (New Guide)

On the capital gains, the NRIs who are selling the house property located in India need to pay tax. It just relied on the short-term or the long-term capital gains on which tax is to be paid. The tax on the long-term capital gain is when the house property is sold post to the duration […]

MH AAAR Judgment for Cummins India Limited

MH AAAR: Head Office Can’t Claim GST ITC on Common Services

Does the chief executive of large companies headquartered in Mumbai towards the firm or just the head office? Are there any common expenses like salary, marketing, branding, or legitimate expenses be circulated to the branch offices or taken by head office only? In a recent ruling via appellate authority for the advance ruling (AAAR) mentioned […]

Process to Appeal for Revocation of GSTIN

Full Process to Appeal for the Revocation of GST Number

In which the GST registration number does not accept suo moto through officer upon assessees failure to file the GST return for straight 6 durations and the time limit to apply for the GST revocation of the application of the GST number prior to the adjudicating authority (Jurisdictional Officer / Proper Officer) gets missed then […]

GSTN Added Interest Calculator Feature in GSTR 3B

GSTN Added Interest Calculator Feature in GSTR 3B on GST Portal

Towards the assessee and for supporting the assessee as a service measure in executing the correct self-assessment an upgraded functionality of the interest calculator has been introduced inside GSTR-3B. The same functionality would come at the system calculated interest upon the grounds of the tax liability values as mentioned via assessee. The interest is subjected […]

Must File GSTR 1 on Time from 2022

Timely e-File GSTR 1 Form from 2022 to Avoid GST Litigation

What is the Amendment Circulated via Govt in Filing GSTR-1 & 3B from 1st Jan 2022? Earlier taxpayers (Supplier) were unable to furnish GSTR-1 or practice the IFF on the GST portal if they had due GSTR-3B filings for the past two months (monthly filer) or for the last quarter (quarterly filer) as per CGST […]

New GST Rule for Recovery from 1 Jan 2022

New GST Rule: Officers Can Make Without Notice Visits from 2022

The government has the power to furnish its recovery councils to your premises to obtain GST excluding any notice if your tax liability has been established in the necessary form is lower with respect to the invoices which is written in the outward supply form must bring. In the concerned GST framework, there are 2 […]

CBIC Clarification Over 5 Percent GST Rate on ECOs

CBIC Notifies GST Cir 167 / 23 /2021 for Clarification of ECOs on New Rate

E-commerce operators (ECOs) such as Swiggy and Zomato shall be subjected to furnish 5% GST upon the restaurant services supplied from 1st January may be heckling with the generation of invoices on their own excluding the restaurants and third parties. In September 2021 it was circulated that the tax liability shall be on ECOs for […]

Every Detail About Salary Slip

All About Salary Slip with Format and Its Important Parts

The Proper Definition of Salary Slip Employee salary slip is a document given by the employer to the employee upon receiving of income every month and has complete details including gross salary to net salary with deductions. All information can be seen in a proper salary format which is prescribed by the government. It shall […]

Process to Import Table 8A (GSTR 9) in GSTR 2A via Gen GST

How to Import GSTR 9 Table 8A in 2A/2B via Gen GST Software?

GSTR 9, based on Table 8A, is a significant section for the taxpayers in that it has auto-populated features along with the eligible ITC details concerned with the complete financial year from the relevant GSTR 2A/2B return. Also, note that the left-out section’s columns and fields in Table 8 are to be filled up with […]

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