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Search results for: tax liability

CBDT Respond to Gujarat HC for Audit Report and ITR Filing

Not Possible to File ITR and Audit Reports Physically, CBDT to HC

The high court of Gujarat has asked the Central Board of Direct Taxes ( CBDT) to fix the technical problems which has been faced by the taxpayers while filing the Tax Audit Report (TAR ) and Income tax returns (ITR), warning to expand the deadline to March 15 in case the job is not been […]

Need Regular Reconciliation in GST 2022

Proper Reconciliation Mandatory for Running As Per GST 2022

Performing reconciliation is required before filing returns towards monthly, quarterly, or annual returns. It does not have any influence as to what methods or when the business executed a reconciliation. Thus now there is a right time to know and discuss the reconciliation task as the government makes important amendments to the GST law which […]

Rajasthan HC's Order for Vinayak Plylam Marketing

RJ HC Orders Officials to Unfreeze E-Credit Ledger GST ITC

The Rajasthan High Court in the case of Vinayak Plylam Marketing Vs Superintendent, Central Goods, and Service Tax and Ors. rendered tax authority to immediately unblock the GST ITC claimed inside the electronic credit ledger via applicant since the statutory time limits given in Rule 86A of the CGST Rules, 2017 has passed. Advocate Prakul […]

CBIC Updates for GST Form Reg 16

Option to Reverse GST Registration Cancellation Via Reg-16 Before Operation

The Central Board of Direct Taxes (CBIC) mentioned the update on the gst.gov.in website, towards the enrollment of the cancellation form REG-16 in which it is mentioned that “Taxpayers can now withdraw their application for cancellation of registration (filed in Form REG-16) unless the tax officer has initiated action on it.” The assessee who formerly […]

All About Small Company

Important Characteristics of Small Company with Benefits

The thought of the small company was started in the Companies Act 2013 to furnish specific benefits for small businesses that are functioning as private limited companies. Small companies are the supporters of the country’s economy. What is a Small Company? Small companies are said to be private limited companies, partnerships, or sole proprietorships that […]

Companies Touched Govt for GST Credit Notes

Businesses Request Govt for GST Clarification on Credit Notes

There are various businesses that furnish discounts, reduced costs, or extended payment cycles to clients in between the covid-19 pandemic who urge the government to define the impact of goods and services tax (GST) upon the amounts. As per the tax experts, the companies who provide the credit notes under GST or credit memorandums that […]

5 ITC Circumstances for Senior GST Officers

CBIC Adds New Circumstances on ITC Blocking for GST Officers

GST field officers can restrict the tax credit as of now upon the grounds of the sources found and it is apart from the suspicion said CBIC (Central Board of Indirect Taxes and Customs). The sources specified that there could be five situations in which these credits can be restricted via senior tax officers. “These […]

Best TDS Return Filing Software

Best TDS Software for CAs and Professionals in India

In this article, we have listed the best TDS software in India according to the reviews and ratings by professionals. This software can reduce the tax burden of Indian CAs (Chartered Accountants) and professionals along with error-less preparation of TDS compliance. List of Top TDS Return Software for CA and Professionals As mentioned in the […]

How to Generate Tax Return XML File on New 2.0 Portal?

Full Process to Generate XML File of Your ITR on New Portal

ITR can be furnished in two ways: online and offline. In the traditional method, you can enter all the important information on an online form and submit it. Through the earlier means, one needs to download the subject income tax utility either in excel or JSON format, fill the form, save the changes, generate an […]

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