Extract from budget speech of Hon’ble union finance minister on 5th July 2019 “Para 124. The existing system of scrutiny assessments in the Income-tax Department involves a high level of personal interaction between the taxpayer and the Department, which leads to certain undesirable practices on the part of tax officials. To eliminate such instances, and […]
Meaning of reverse charge: As per Section 2(98) of the CGST Act ‘reverse charge’ means the liability to pay tax by the recipient of supply of services or goods instead of supplier of such services or goods under sub-section (3) or sub-section (4) or under sub-section (3) or sub-section (4) of section 5 of IGST […]
Return of income is a special type of form to be used by the assesse to furnish necessary information – name, address, PAN/GIR No., Bank Account, income under each head, total income, tax liability, etc. before the income tax authority. Different types of forms are prescribed in Rule 12 of the Income Tax Rules, 1962 […]
Legislation is always enacted with some purposes, objects and reasons. A proposed Legislation is placed before Parliament with a statement of objects and reasons appended to it. The objects and reasons accompanying a bill, which subsequently gets converted into an Act, are to be taken into consideration in interpreting the provisions of the statute. It […]
How can I take action in proceedings for Remanded Cases and Appeal Effects initiated against me by the Tax Officer? To take action in proceedings for Remanded Cases and Appeal Effects, perform following steps: A. Navigate to View Additional Notices/Orders page to view Notices and Orders issued against you by Adjudicating or Assessing Authority (A/A) B. Take action using REPLIES […]
How can I view my submitted or saved application for refund on the GST Portal? 1. To view your submitted application, navigate to Services >Refunds >My Saved/Filed Applications option. 2. The Saved/Filed Application page is displayed. Note: You can download the ARN receipt by clicking on the ARN hyperlink to take the print out of the ARN Receipt. […]
How can I view additional orders/notices issued by the tax officer? To view additional orders/notices issued by the tax officer, perform following steps: 1. Access the www.gst.gov.in URL. The GST Home page is displayed. 2. Login to the portal with valid credentials. 3. Dashboard page is displayed. Click Dashboard > Services > User Services > View Additional Notices/Orders […]
Registration as a GST Practitioner (GSTP) on the GST Portal? 1. Access the https://www.gst.gov.in/ URL. The GST Home page is displayed. 2. Click Services > Registration > New Registration option. Part A: 3. The New Registration page is displayed. Select the New Registration option. 4. In the I am a drop down list, select the GST Practitioner […]
What are the steps involved in applying to Opt for the Composition Levy on the GST Portal? To opt for the Composition Levy on the GST Portal as an existing taxpayer, perform following steps: 1. Access the https://www.gst.gov.in/ URL. The GST Home page is displayed. Login to the GST Portal by entering your login credentials. […]
How to file GST form CMP 02 online on the GST Portal? The steps to opt for composition scheme under GST are as follows: 1. To opt for composition levy access the URL https://www.gst.gov.in/. The GST Home page will be displayed. In case of New Registration: 2. Log into the GST Portal by entering your login […]
