A document may be served on a company or an officer thereof by sending it to the company or the officer at the registered office of the company by registered post or by speed post or by courier service or by leaving it at its registered office or by means of such electronic or other […]
Issues in GST Annual Return GSTR-9/9A and Reconciliation GSTR-9C requiring your urgent attention and corrective actions. People are facing grave problem in practically implementing the requirements in GSTR-9, 9A & 9C. We urge you to consider and clarify the following issues which are arising at the time of preparing and filing Annual Return in Form […]
UDIN FOR Cost & Management Accountants (CMAs) in Full Time Practice-FAQs-ICMAI OF LATE BUZZ WORD IS UDIN NOW POPULAR IN PROFESSIONAL FRATERNITY REGARDING CERTIFICATION WORK DONE BY CMAs. Several times it has been noticed that non-CMAs has been misrepresenting themselves as ICMAI member and offering certification services to numerous Authorities and Stakeholders. Such malpractices started […]
Recently a number of decisions have come in which Income Tax Appellate Tribunal has dismissed appeals for non-persecution. This paper is an attempt to understand the legal provisions regarding dismissal of appeal for non-appearance. Rule 24 of the Income Tax Appellate Tribunal Rules reads as, 24. Hearing of appeal ex parte for default by the […]
Where the Supply Involves Movement of Goods Before or at the time of removal of goods for Supply to the Recipient When the movement is caused by the supplier, the point of removal will arise when the goods are dispatched from the place of business of the supplier. So Invoice is required to be issued […]
GST Collections The Tax Collection in April, 2019 has been the highest ever in a particular month i.e. Rs. 1,13,865 crore since GST implementation. It is usually noticed that there will be a jump in the tax collection in the last month of Financial Year as tax payers try to pay arrears of some of […]
Article 279A (5) of the Constitution provides that Goods and Services Tax Council shall recommend the date on which goods and services tax shall be levied on petroleum crude, high speed diesel, motor spirit, natural gas and aviation turbine fuel. Thus while, petroleum products are constitutionally included under GST, the date on which GST shall […]
A. Taxpayers are requested to note the followings in connection with pre-filling of ITRs- 1.Pre-filling of ITR is only for the taxpayer’s convenience. Taxpayers should verify the pre-filled data carefully and add any other taxable income which is not pre-filled. 2.Last date for filing of TDS statement and issue of TDS certificate by Deductor is […]
Q.1 What is The Real Estate (Regulation and Development) Act, 2016? Ans. The Real Estate (Regulation and Development) Act, 2016 is an initiative by Indian Government to enhance transparency in the real estate related transactions by creating a systematic and a uniform regulatory environment, thereby protecting consumers’ interest and making real estate developers liable for timely […]
Demonetisation – Good or Bad is not a topic of discussion here, but subsequent to demonetisation and in order to prevent taxpayers to deposit unaccounted cash by paying 30% tax an amendment was introduced to s.115BBE on 15-12-2016 with retrospective date of 1-4-2016 making tax rate at 75%. 1.1 Section 115BBE was introduced originally w.e.f. […]
