"08 July 2021" Archive - Page 4

Manual | Form GSTR-1 Creation & Submission of Outward Supplies Return

Manual > Form GSTR-1 > Creation and Submission of Outward Supplies Return How can I create, submit and file details for the outward supplies in Form GSTR-1? To create, submit and file details for inward supplies in Form GSTR-1, perform following steps: A. Login and Navigate to Form GSTR-1 B. Generate Form GSTR-1 Summary C. […...

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All about GSTR 1- Monthly Statement of Outward Supplies | FAQs

FAQs > Form GSTR-1 1. What is Form GSTR-1? Who is required to file Form GSTR-1? Form GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services. Every […]...

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IBBI bans RP for a period of one year

Notification No. No. IBBI/DC/72/2021 08/07/2021

In the matter of Mr. Anupam Tiwari, Insolvency Professional under Section 220 of the Insolvency and Bankruptcy Code, 2016 (Code) read with Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016....

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Foreign Liabilities and Assets Annual Return (FLA Return) – FLAIR System, Key Points & FAQ’s

FLA Full Form:- FLA stands for Foreign Liabilities and Assets. Meaning of FLA Return:- It’s an Annual Return on Foreign Liabilities and Assets required to be filed by an Indian Company and LLP to RBI within the prescribed due date. This Return is filed Online on RBI Portal. The portal on which you can file […]...

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Depreciation and Short-term Capital Gain on Goodwill WEF AY 2021-22

It was well settled position, before the amendments made by Finance Act 2021, that the depreciation can be claimed on ‘Purchased Goodwill’ under the Income tax Law and it was also supported by the decision of Hon’ble Supreme Court in the case of Jogta Coal Co. Ltd. v. CIT 36 ITR 521 where the treatment […]...

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HC set aside Faceless Assessment order for not sharing draft Assessment order

International Management Vs National Faceless Assessment Centre & Anr. (Delhi High Court)

International Management Vs National Faceless Assessment Centre (Delhi High Court) 1. The basis of addition was not furnished to the petitioner. He emphasizes that no draft assessment order was issued which is mandatorily required under the Faceless Scheme. 2. In a similar case being Smart Vishwas Society vs. National Faceless Assessment ...

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Vacancy with MCA as Drafting Counsel for CA, CS, CMA & LLB

Office of the Official Liquidator is in the process of recruiting Chartered Accountants, Company Secretaries, Cost and Works Accountant and LLB as Associates on contract basis for a period of 12 months on a monthly remuneration of Rs.40,000/- p.m. subject to TDS and on the terms and conditions governing such appointment....

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Relating Giloy to Liver Damage is completely Misleading

The Ministry of Ayush has noticed a media report based on a study published in Journal of Clinical and Experimental Hepatology, a peer reviewed journal of the Indian National Association for the study of the liver. This study mentions that use of herb Tinospora Cordifolia (TC), commonly known as Giloy or Guduchi, resulted in liver failure...

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Thoughts on 194Q/206C(1H) – (TDS/TCS on Goods sale/purchase)

What was the need OF TDS/TCS u/s 194Q/206C(1H)? (If the purpose is to get Information to whom big sales are made then, we could have given the list PAN +Aadhar of such parties). Whosoever has brought the idea of 194Q and 206C(1H) i.e. TDS/ TCS on Goods PURCHASE/SALE, deserves Global Award for 'World's Most Innovative Taxation Compliance'....

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CAIT requests Withdrawal of Notification Imposing Stock Limit on Pulses

In an important memorandum sent to Union Consumer Affairs Minister Shri  Piyush Goel Confederation of All India Traders on 07th July, 2021 has urged the Govt to withdraw the latest notification putting stock limits on “Pulses” as it is arbitrary, unjustified and in contravention of the advice of Hon’ble Office of the Prime Minister...

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August 2022