KSCAA requested to extend the due date for filing Annual Return GSTR9 and Reconciliation Statement GSTR9C for FY 2019-20 by at least 3 months i.e. until 31st May, 2021. KARNATAKA STATE CHARTERED ACOOUNTANTS ASSOCIATION (R) CA Kumar S Jigajinni President, KSCAA CA Parmod Srihari Secretary, KSCAA Date: 24th February, 2021 To, Smt. Nirmala Sitharaman Hon’ble […]
Whether tax paid on intra-state inward supply in one state can be used to pay output tax liability in another state. INTRODUCTION:- Many Businessman come across the transaction where he received the Intra state supply and paid GST (i.e. CGST & SGST) in a state where he does not have GST Registration. Now Question is […]
बजट प्राव्धानो पर सीधी और पते की बात। Straight and honest talk on Budget amendments. 1. TDS at Double Rate in case of Non-Filers of ITRs (Section 206AB): The Finance Bill 2021 has proposed to insert a new section 206AB in the Income Tax Act, w.e.f. 1.7.2021 which mandates that the deductor will be required […]
For extending the benefits of presumptive taxation to specified professionals, Section 44ADA was inserted into the Income Tax Act. Earlier, this scheme was only applicable to small business owners. This tax scheme reduces the burden of compliance for the small professions and reinforces the ease of doing business. Under this scheme of taxation, the profit […]
