Master Guide on GST Annual Return and Audit, covering: How to Go Head with Annual Return and GST Audit, Analysis of GSTR 9 Form and How to fill the same, Analysis of GSTR 9C Form and How to fill the same
September month’s GSTR-1 would be the last chance to amend the invoices relating to period July 2017 to March 2018. After filing this return taxpayers would not be able to amend any details of invoices like date, invoice number, GSTIN, rate of tax, invoice value, taxable value etc.
In the 2018 Union budget, Finance Minister Arun Jaitley announced an ambitious plan to provide free health insurance to 11 crore poor families. This scheme is also being termed as the world’s biggest public-funded health insurance plan. The announcement raised a few questions with respect to its implementation. In the current budget India’s finance minister […]
ITBA doesn’t allow generating 143(2) notice in the cases of 148 reopening before 1 month of filling of return. Even though the return is filled by the assessee and objections are rebutted within 15 day, AO cannot issue 143(2)
The storm that it has created in the past few quarters did make things a bit hazy. Most of the discussion so far has been focused on the threshold level dynamics, regarding admission, on whether a particular Corporate Insolvency Resolution Petition (CIRP) should be admitted in or not. The requirements are very different from its predecessor, the BIFR. As the dust takes its time to settle down, the narrative would slowly shift focus on the various finer provisions in the Code. The thick brush will give way to the finer tools, for the picture to emerge. In any new piece of legislation, there are the usual sticks in built to ensure compliance and penalize deviations. The Insolvency and Bankruptcy Code too has its share. This short paper attempts to have a closer look at some of these penal provisions that aim at controlling the behavior of the stakeholders, across the whole gamut, from the Resolution Professional, the Debtor, the Creditors and the Claimant Creditors. There are a few loose ends where probably the intent of the legislation is unclear and would need some attention in the near future.
These rules may be called the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Second Amendment Rules, 2018. For the purpose of this rule, the appearance also includes the appearances through video–conference, modalities for which may be as formulated by the Institute from time to time
In the current article we will discuss about services On Which Goods and Service Tax (GST) Is Payable Under reverse charge Mechanism (RCM) in different scenarios. As per notifications given by government as on date there are various notified services on which GST has to be paid on reverse charge basis. SERVICES ON WHICH GST […]
Respondent could not establish profiteering for want of cogent and reliable evidence and hence no violation of the provisions of Section 171 of the CGST Act 2017 has been found in this case.
