Article contains summary of GST Notification No. 74/2020-Central Tax to 79/2020-Central Tax and Notification No. 6/2020 – Integrated Tax all dated 15th October 2020. Notification 74 to 76 Notifies due date of GSTR 3B and GSTR 1 for the period deom October 2020 to March 2021. Notification 77 specifies that Filing of Annual Return in […]
Rule 36(4) Template For September 2020 GSTR-3B will calculate the final Input Tax Credit (ITC) to be claimed in September 2020 Form GSTR-3B by just filling in relevant figures.
This article describes a way to download GSTR 2A in excel form and the rest of returns in JSON form and also to view summary. To start with you have to add extensions to your Google Chrome Browser. Extensions are small programs that resides in your browser which interacts with the webpage to automate certain […]
The table turning judgement of the Permanent Court of Arbitration at The Hague came after a decade long battle fought by the Vodafone Plc against the Indian Income Tax Authorities and Government of India. The Indian Income-tax Authorities have been burdened with substantial cost by the Permanent Court of Arbitration at The Hague by making […]
Since transfer of business as going concern is exempt under GST, according to sec. 17 read with rule 42 of CGST Rules, 2017, in case any registered person is having any exempted supplies, then ITC pertaining to such exempted supplies shall be reversed proportionately. So the transferor will have to reverse the ITC taken earlier.
Taxpayers and Tax Practitioners both commits some errors or mistakes in the filing of GST Registration or during GST Return Filings. GST was commenced in 2017 and since then taxpayers are committing some mistakes even till now, which we would like to raise so that after reading this article taxpayers can save their money by […]
The ministry of Finance on 15/10/2020 notified 6 notifications incorporating various changes to the CGST Act and CGST Rule. In this Article we will discuss the notifications with reference to the original act or rules. 1.Notification No 74/2020-Central Tax This notification revised the due date for filing of GSTR-1 for small tax payer who files […]
All the stakeholders and general public are hereby informed that the Office of the Disciplinary Directorate of the ICAI is shifted from 3rd floor, ICAI Bhawan, I.P.Marg, New Delhi-110002 to the new premises at following address :
Income Tax Return (‘ITR’), an annual record of income, enables a taxpayer to declare his income, expenses, tax liability, deductions, savings, investments, etc. during the applicable Fiscal Year (i.e. Financial Year (‘FY’) – a period from April 1 to March 31).
Introduction Various provisions of the Income-tax Act, 1961 (‘the Act’) have faced prolonged litigation over the years. Section 2(22)(e) is also one among the list. This article discuses various issues relating to practical applicability of section 2(22)(e) like only advance or loan is subject to sec. 2(22)(e), amount received for corporate guarantee deemed dividend or […]
