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GST ITC Not Permitted on Invoices

WB AAR: No ITC on GST Invoices of Jan to March-2020 Furnished in GSTR 1 & 3B

The West Bengal AAR held that the ITC is not permitted upon the invoices for Jan to March-2020 to which the supplier has filed the FORM GSTR-1 and FORM GSTR-3B. The applicant is the owner of Eastern Coalfield ltd which produces and supplies the coal and obtained the services from M/s Gayatri projects ltd and […]

New Deadlines for ITR Filing Forms and Audit Reports

Big Relaxation! CBDT Revised ITR Forms & Audit Reports Due Dates

On the note of troubles faced by the taxpayers and different stakeholders while filing of Income Tax Returns including multiple reports of audit for Assessment Year 2021 – 22 behalf the Income-tax Act, 1961(‘the Act’), Central Board of Direct Taxes (CBDT) has come up with the result to expand the last dates for filing of […]

Kerala HC's Order for GST Registration Renewal

Kerala HC Instructs GST Officials to Renew Registration Amid Tax on Building Matter

The Kerala High Court ordered the GST Authority to bring back the GST registration as the receipt of the building tax was not being acknowledged. Advocate Aji V. Dev mentioned the refusal of the order of the enrollment and furnished that respondents have implemented the law beneath subsection (2) of section 29 of the CGST/SGST […]

New IT Rules for PF Savings

Latest Income Tax Rules for Employee Provident Fund Savings

The Finance Ministry of India has recently announced the latest set of rules notified under the Income Tax Act for provident fund (PF) savings. The 2021-22 budget speech of Finance Minister Nirmala Sitharaman mentioned that the income on contribution towards PF would be taxed for above INR 2.5 lakh but further, it was extended to […]

Higher GST Collection in August 2021

30% More GST Collection in August 2021 Compared to August 2020

As per a recent report, a total of ₹ 1,12,020 crores has been collected in August 2021 as Gross GST Revenue collection. In this ₹ 1,12,020 Crore ₹, 20,522 crores are collected as for CGST, ₹ 26,605 crores for SGST, ₹ 56,247 crores (including ₹ 26,884 crores on import of goods) is for IGST and […]

E-filing Process of Form 26Q via Gen TDS Software

Easy Guide to File Form 26Q via Gen TDS e-Filing Software

Gen TDS is a leading TDS filing software from SAG Infotech and has been giving complete TDS filing solutions to taxpayers and companies for more than a decade. The Gen TDS is also authorized by the government department on the TDS official portal and it has ranked top TDS filing solution in the FY 2012-13 […]

Resolution to Problems on New E-filing 2.0 Portal

Major Problems Solved in New ITR E-filing 2.0 Portal

The government has initiated the new ITR filing portal dated 7th June 2021 to enhance the efficiency of the IT portal, the effective user interface, and the more satisfying user services. But since the start of its launch, the portal is seeing issues such as it is not able to furnish the ITR on the […]

Easy Filing of TDS Return on NSDL RPU Portal

Easy Procedure of Online TDS Return Filing via NSDL Portal

There are various furnished software available for TDS return preparation. But NDSL furnished their own software which is easier to practice. You can practice the same for filing the TDS return. If the taxpayer had furnished the online enrollment on the website of income tax site then the whole process shall convert to online. The […]

18 Percent GST Rate for Blue Collar Services to Govt

AAR Karnataka: Blue Collar Services to Government Entity Subject to 18% GST

The Karnataka Authority of the Advanced Ruling passed a ruling that providing manpower services related to blue-collar jobs like Peons, Drivers, Data Entry Operators, Housekeeping and so on are subject to 18% of GST Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like […]

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