lipped from: https://taxguru.in/goods-and-service-tax/itc-eligibility-section-162-vs-165-cgst-act.html Introduction The question raised presents a critical legal and administrative dilemma regarding the interplay between the basic eligibility conditions for Input Tax Credit
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
*******Don’t File Your ITR Without Reconciling AIS &; TIS — Here’s Why?
Clipped from: https://taxguru.in/income-tax/donaet-file-itr-reconciling-ais-tis-aehereaes-why.html Introduction It’s ITR season again, and many taxpayers are logging in to find something new on their Income Tax portal — AIS (Annual Information
*******ITC on Inputs for Destroyed Goods Reversible: Telangana AAAR
Clipped from: https://taxguru.in/goods-and-service-tax/itc-inputs-destroyed-goods-reversible-telangana-aaar.html ITC availed on inputs used in the manufacture of finished goods that subsequently got destroyed, must be reversed: Telangana AAAR The Telangana AAAR,
***Taxation of Gifts and Zero Rating of Gift Transactions In The Hands of Individual
Clipped from: https://taxguru.in/income-tax/taxation-gifts-rating-gift-transactions-hands-individual.html Section 56(2)(x) of the Income Tax Act, 1961, is a wide-ranging anti-abuse provision aimed at taxing gifts and property transfers; received without consideration
***Section 50C addition without referring to Valuation Officer not sustainable: ITAT Ahmedabad
Read more at: https://taxguru.in/income-tax/50c-addition-referring-valuation-officer-sustainable-itat-ahmedabad.htmlCopyright © Taxguru.in Clipped from: https://taxguru.in/income-tax/50c-addition-referring-valuation-officer-sustainable-itat-ahmedabad.html Mohammedaarif Yunusbhai Patel Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad held that addition invoking provisions of section 50C(2) of
Appealing Cancellation of GST Registration, Find Draft Reply here!
Clipped from: https://www.taxscan.in/filing-appeal-revocation-cancellation-of-gst-registration-intent-importance-purposes/469454/ The cancellation of GST registration can have significant repercussions for businesses, affecting their operational continuity and legal compliance. It often arises due to
*******Received GST SCN under Section 16(4)? Here’s What to Do [Find Draft Format Here]
Clipped from: https://www.taxscan.in/received-gst-scn-under-section-164-heres-what-to-do-find-draft-format-here/481746/ When addressing a Show Cause Notice (SCN) issued under Section 16(4) of the CGST Act, 2017, it is vital to craft a clear and legally
Adjournment against GST SCN: Find Draft Format
Clipped from: https://www.taxscan.in/seeking-adjournment-against-a-gst-show-cause-notice-find-draft-format-here/478956/ A Show-Cause Notice (SCN) is an essential instrument used by the revenue authorities under the Goods and Services Tax (GST) framework to initiate
*******ITC Reversal w/out E-Invoice: Draft Reply to SCN
Clipped from: https://www.taxscan.in/reversal-of-itc-in-the-absence-of-e-invoice-how-to-draft-reply-towards-show-cause-notice/458188/ The Input Tax Credit ( ITC ) mechanism is a cornerstone of the Goods and Services Tax ( GST ) regime in India.
*******Availment of Both GST ITC and Depreciation on Capital Goods: Here’s How to Draft Reply to GST Notice [Find Format Here]
Clipped from: https://www.taxscan.in/availment-of-both-gst-itc-and-depreciation-on-capital-goods-heres-how-to-draft-reply-to-gst-notice-find-format-here/442167/ The Goods and Services Tax ( GST ) regime in India aims to eliminate the cascading effect of taxes and promote a seamless
*******S. 128A GST Penalty and Interest Waiver: Find Draft Format Here
Clipped from: https://www.taxscan.in/s-128a-gst-penalty-and-interest-waiver-find-draft-format-here/437607/ The Indian GST law continues to evolve, bringing forth provisions to ease the compliance burden on taxpayers. One such provision is Section 128A
*******Impact of Supplier Default on GST Input Tax Credit Reversal
Clipped from: https://www.taxscan.in/supplier-default-gst-itc-reversal-what-businesses-need-to-know/452691/ In India, the Goods and Services Tax ( GST ) system provides a mechanism for businesses to claim Input Tax Credit ( ITC
*******SCN on Fake InvoiceSCN on Fake Invoices & Non-Existent Businesses: Find Draft Reply Format Heres & Non-Existent Businesses: Find Draft Reply Format Here
Clipped from: https://www.taxscan.in/the-issue-of-fake-invoices-and-non-existent-businesses-legal-and-practical-considerations/491461/ The issuance of fake invoices and the operation of non-existent businesses have become significant concerns under the Goods and Services Tax (GST) regime. Tax authorities
*******Provisional Bank Attachments Under GST: How to Draft Reply Notice
Clipped from: https://www.taxscan.in/legality-of-provisional-bank-attachments-under-gst-how-to-draft-reply-notice/491124/ The Goods and Service Tax ( GST ) was introduced in India for multiple assessment provisions. Tax collection and enforcement mechanisms. The provisional
***Bombay HC quashes Income Tax Order passed before Deadline to file SCN Reply
Clipped from: https://www.taxscan.in/income-tax-assessment-order-passed-hours-before-deadline-to-file-scn-reply-bombay-hc-quashes-revenue-order/520629/ The Bombay High Court recently upheld the principles of natural justice, quashing an income tax reassessment order that was passed by the department
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