Basics of GST Appeals & Revisions – Guide on How to Appeal under GST https://cleartax.in/s/gst-appeals/#whatAny appeal under any law is an application to a higher
Category: GST
Accounting software with audit trail feature: MCA postpones implementation to FY23 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/accounting-software-with-audit-trail-feature-mca-postpones-implementation-to-fy23/2228888/ The postponement of the rule, a senior government official said, is in view of the Covid situation in the country. “Giving a year’s
GST dues: Don’t attach assets at the drop of a hat: SC to taxman – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-dues-dont-attach-assets-at-the-drop-of-a-hat-sc-to-taxman/2228875/ Justice Chandrachud further asked officers to strike a balance between protecting government revenue and allowing genuine businesses to operate. “In order to make
GST show cause procedure–icai
Handbook-on-Show-Cause-Notice-Approach-and-Reply-under-GST-2020.pdf https://idtc-icai.s3.ap-southeast-1.amazonaws.com/download/pdf20/Hand
Pressure tactics? Pay in ‘cash’, GST officers tell taxpayers–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/pressure-tactics-pay-in-cash-gst-officers-tell-taxpayers/story/434346.html?utm_source=recengine&utm_medium=web&referral=yes&utm_content=footerstrip-1&t_source=recengine&t_medium=web&t_content=footerstrip-1&t_psl=False GST officers are using unauthorised communication means such as phone calls, WhatsApp and messages to demand ‘maximum tax liability’ in ‘cash’ from taxpayers
Taxman’s Data War- Business News–business today
Clipped from: https://www.businesstoday.in/magazine/cover-story/taxman-data-war/story/435374.html Last year, a businessman from Rajkot, Gujarat, declared an income of less than Rs 5 lakh in his tax return. However, information collated
Contradictory AAR verdicts on CSR under GST regime baffle companies | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/contradictory-aar-verdicts-on-csr-under-gst-regime-baffle-companies-121040601388_1.html Recently, the Uttar Pradesh AAR had held that CSR spend by companies is eligible for input tax credit This is contradictory to the
The GST puzzle | Business Standard Column
The sharp rise in GST collection in March could be a false indicator if further rate reforms are delayed The amount of goods and services tax (GST)
Analysis of Amendments To The Finance Act 2021–tax guru
Clipped from: https://taxguru.in/income-tax/analysis-amendments-finance-act-2021.html INCOME TAX ♦ Income Tax Rates There is no change in the Rates of Income Tax for the AY 2022-23. . ♦ TDS
CBIC issues verification regulations for new importers, exporters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbic-issues-verification-regulations-for-new-importers-exporters/articleshow/81936548.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The Commissioner of Customs shall on the basis of the report of verification submitted by the proper officer, and other evidence as deemed
Small businesses: How tax payments will change under QRMP – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/small-businesses-how-tax-payments-will-change-under-qrmp/article34245565.ece The Quarterly Return filing and Monthly Payment of taxes (QRMP) scheme came into force on January 1, 2021, under GST. It is expected
Small businesses: How tax payments will change under QRMP – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/small-businesses-how-tax-payments-will-change-under-qrmp/article34245565.ece The Quarterly Return filing and Monthly Payment of taxes (QRMP) scheme came into force on January 1, 2021, under GST. It is expected
Limited e-invoicing window a worry for small and medium companies | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/limited-e-invoicing-window-a-worry-for-small-and-medium-companies-121032900007_1.html The e-invoicing system was first made mandatory for entities with a turnover of Rs 500 crore and above and later extended to businesses
Law and language – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/law-and-language/article34239308.ece Since our laws are drafted in the English language, the grammar of the language comes into play a lot. The bill of entry
GST to be levied on underlying goods/services in gift vouchers: AAAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/gst-to-be-levied-on-underlying-goodsservices-in-gift-vouchers-aaar/article34236750.ece?homepage=true Says GST law recognises vouchers as an instrument of consideration (non-monetary form) for future supply Clearing the air over taxability of gift cards
Commercial real estate developers urge govt to not levy 18% GST – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/commercial-real-estate-developers-urge-govt-to-not-levy-18-gst/articleshow/81849597.cmsSynopsis Instead of outright purchase of land, developers are now looking to enter into a joint development agreement where both landowner and developer share
Confusion over when to levy GST on gift vouchers and gift cards finally gets cleared – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/gst/confusion-over-when-to-levy-gst-on-gift-vouchers-and-gift-cards-finally-gets-cleared/articleshow/81906915.cmsSynopsis Levying Goods and Services Tax (GST) on gift vouchers and gift cards has been a complicated matter that may just have been eased
Confusion over when to levy GST on gift vouchers and gift cards finally gets cleared – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/confusion-over-when-to-levy-gst-on-gift-vouchers-and-gift-cards-finally-gets-cleared/articleshow/81884612.cmsSynopsis Levying Goods and Services Tax (GST) on gift vouchers and gift cards has been a complicated matter that may just have been eased
A dive into five contentious issues contained in Finance Bill, 2021 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-dive-into-five-contentious-issues-contained-in-finance-bill-2021-121031000706_1.html Govt may have to respond to concerns over equalisation levy, exporters issues, definition of the term ‘liable to tax’ and taxability of interest
GST dilemma: Contradictory AAR rulings leave industry perplexed | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst%E2%80%88dilemma-contradictory-aar-rulings-leave-industry-perplexed-121040201286_1.html States like Punjab and Delhi have reported delays in disposing of AAR applications. An auto company with a presence in 20 states of
