https://taxguru.in/goods-and-service-tax/casual-taxable-person-gst-all-you-want-to-know.html Clipped from: https://taxguru.in/goods-and-service-tax/casual-taxable-person-gst-all-you-want-to-know.html Casual taxable person Introduction: “Casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both
Day: December 5, 2023
Cancellation, Suspension and Revocation of cancellation of GST Registration
https://taxguru.in/goods-and-service-tax/cancellation-suspension-revocation-cancellation-registration.html Clipped from: https://taxguru.in/goods-and-service-tax/cancellation-suspension-revocation-cancellation-registration.html Cancellation, Suspension and Revocation of Registration in GST Introduction: The registration granted under GST can be cancelled for specified reasons. The cancellation can
Composition Levy Scheme in GST- All You want to Know
https://taxguru.in/goods-and-service-tax/composition-levy-scheme-gst.html Clipped from: https://taxguru.in/goods-and-service-tax/composition-levy-scheme-gst.html Composition Levy Scheme under GST law The Composition Levy is an alternative method of levy of tax designed for small taxpayers whose
Inspection, Search, Seizure & Arrest under Goods & Services Tax Act
https://taxguru.in/goods-and-service-tax/inspection-search-seizure-arrest-goods-services-tax-act.html Clipped from: https://taxguru.in/goods-and-service-tax/inspection-search-seizure-arrest-goods-services-tax-act.html Inspection, Search, Seizure and Arrest 1. In any tax administration the provisions for Inspection, Search, Seizure and Arrest are provided to protect
GST Refunds- What you should Know
https://taxguru.in/goods-and-service-tax/gst-refunds-what-you-should-know.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-refunds-what-you-should-know.html Refunds under GST Introduction: Timely refund mechanism is essential in tax administration, as it facilitates trade through release of blocked funds for
GST Refund of unutilised Input Tax Credit (ITC)
https://taxguru.in/goods-and-service-tax/gst-refund-unutilised-input-tax-credit-itc.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-refund-unutilised-input-tax-credit-itc.html Accumulation of Input Tax Credit (ITC) happens when the tax paid on inputs is more than the output tax liability. Such accumulated
Registration under Goods and Services Tax (GST) law
https://taxguru.in/goods-and-service-tax/registration-under-goods-and-services-tax-gst-law.html Clipped from: https://taxguru.in/goods-and-service-tax/registration-under-goods-and-services-tax-gst-law.html Introduction: In any tax system, registration is the most fundamental requirement for identifcation of taxpayers ensuring tax compliance in the economy. Registration
NRI Property Sale in India: FEMA Guidelines & Procedures
https://taxguru.in/rbi/nri-property-sale-india-fema-guidelines-procedures.html Clipped from: https://taxguru.in/rbi/nri-property-sale-india-fema-guidelines-procedures.html NRI Sale of Property in India: Guidelines and Procedures FEMA, 1999 and FEM (Non-Debt Instrument), 2019 lay down the procedure and guidelines
Delhi HC Quashes Section 148 Notices for AY 2016-17 & 2017-18 on Alleged Escaped Income Under Rs 50 Lakhs
https://taxguru.in/income-tax/delhi-high-court-quashes-148-notices-ay-2016-17-2017-18-alleged-escaped-income-rs-50-lakhs.html Clipped from: https://taxguru.in/income-tax/delhi-high-court-quashes-148-notices-ay-2016-17-2017-18-alleged-escaped-income-rs-50-lakhs.html Ganesh Dass Khanna Vs ITO (Delhi High Court) In a significant ruling on November 10, 2023, the Delhi High Court delivered a
Notice for reopening of assessment issued on last date of limitation period is valid
https://taxguru.in/income-tax/notice-reopening-assessment-issued-date-limitation-period-valid.html Clipped from: https://taxguru.in/income-tax/notice-reopening-assessment-issued-date-limitation-period-valid.html Raminder Singh Vs ACIT (Delhi High Court) Delhi High Court held that notice for reopening of assessment issued u/s. 148 of the
Deduction u/s 80P(2)(d) was allowable on interest income received from Co-Operative Bank
https://taxguru.in/income-tax/deduction-u-s-80p-2-d-allowable-interest-income-received-co-operative-bank.html Clipped from: https://taxguru.in/income-tax/deduction-u-s-80p-2-d-allowable-interest-income-received-co-operative-bank.html Thorapadi Urban Co-op Credit Society Limited Vs ITO (Madras High Court) Conclusion: Deduction under section 80P(2)(d) was allowable on receipt of interest from
Policy Initiatives for MSMEs under GST
https://taxguru.in/goods-and-service-tax/policy-initiatives-msmes-gst.html Clipped from: https://taxguru.in/goods-and-service-tax/policy-initiatives-msmes-gst.html 1. In general, GST Law provides for beneficial treatment of small taxpayers through various provisions of the Act. (a) No registration required for
Concerns about Displayed Financial Transactions in AIS? Income Tax Dept Assures Source Authentication
Clipped from: https://www.taxscan.in/concerns-about-displayed-financial-transactions-in-ais-income-tax-dept-assures-source-authentication/343647/ The Income Tax Department, using the platform ‘X,’ formerly recognized as ‘Twitter,’ has provided a guarantee of source authentication/e-verification in response to any
Job Work Under GST
https://taxguru.in/goods-and-service-tax/job-work-gst.html Clipped from: https://taxguru.in/goods-and-service-tax/job-work-gst.html Introduction: Job-work sector constitutes a significant industry in Indian economy. It includes outsourced activities that may or may not culminate into manufacture.
Taxability of Dividend Income – FAQ’s
https://taxguru.in/income-tax/taxability-dividend-income-faqs.html Clipped from: https://taxguru.in/income-tax/taxability-dividend-income-faqs.html Dear friend’s now days, many people has started their investment journey in Stock Market. Some are investing directly in share market and
Comprehensive Guide to GST E-Invoice System Implementation
https://taxguru.in/goods-and-service-tax/comprehensive-guide-gst-e-invoice-system-implementation.html lipped from: https://taxguru.in/goods-and-service-tax/comprehensive-guide-gst-e-invoice-system-implementation.html Introduction: Welcome to the realm of GST tax compliance, where the E-Invoice System revolutionizes the way businesses handle invoices. Mandated by the GST