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Archive: 02 August 2021

Posts in 02 August 2021

Notices for non-filing of GSTR9/9A -Harassment of Taxpayer

August 2, 2021 14004 Views 0 comment Print

Representation against Harassment of Taxpayers by the Department by issuing Notices for non-filing of GSTR9/9A for different Financial Years by Punjab Accountants Association to Shri Paramjit Singh, D.E.T.C., Jalandhar. THE PUNJAB ACCOUNTANTS ASSOCIATION (Regd. Vide No. 304 of 2019-20 under the Societies Registration Act, 1860) OFFICE : R. K. ASSOCIATES, SEHDEV MARKET, JALANDHAR CITY E-mail […]

GST Annual Return & Audit (GSTR 9 & GSTR 9C) For FY 2020-21

August 2, 2021 352446 Views 12 comments Print

Hon’ble Finance Minister, Smt. Nirmala Sitharam in her Budget Speech on 1st day of February, 2021, omitted Section 35(5) and substituted Section 44 by Section 110 & 111 of the Finance Act, 2021 respectively in the CGST Act, 2017, so as to remove the mandatory requirement of furnishing a Reconciliation Statement (GSTR-9C) duly audited by […]

Break the Chain: Maharashtra relaxes COVID restrictions: Malls, gyms to open

August 2, 2021 9099 Views 0 comment Print

1) All essential and non-essential shops (including shopping malls) to remain open on all weekdays till 8 PM and till 3 PM on Saturday. All shops and malls except essential shops to remain closed on Sundays. 2) All Public Gardens and playgrounds can be kept open for the purpose of exercise, walking, jogging and cycling.

Mis-Match of Invoice details with details available with mobile Squad violates Rule 138: HC

August 2, 2021 1257 Views 0 comment Print

Ranchi Carrying Corporation Vs Additional Commissioner Grade-2 (Allahabad High Court) By the impugned orders the authorities below have rejected the claim of the petitioner on the ground that the details mentioned in the invoices at serial nos.1 to 9 are not matching with the verifying sheets available with the mobile squad. This much is also […]

MDEs & parts thereof taxable @ 5% if supplied exclusively to shipyard & Indian Navy

August 2, 2021 924 Views 0 comment Print

In M/s. MAN Energy Solutions India Pvt. Ltd. [GST-ARA, Application No. 56 dated October 17, 2019], M/s. MAN Energy Solutions India Pvt. Ltd. (Applicant) has sought an advance ruling on, whether the supply of marine diesel engines (MDEs) and parts exclusively and directly to shipyards or Indian Navy by the Applicant for use in manufacture […]

Issues in new Income Tax Portal after a month since launch

August 2, 2021 3048 Views 2 comments Print

We wish to appraise your good self about the problems and issues faced by the assessee and professionals in new Income TAx Portal after a month since its launch.

Representation for relaxing Income Tax Prosecution provisions

August 2, 2021 5979 Views 1 comment Print

Representation for substitution of Prosecution provisions under the Income Tax Act by reasonable monetary penalty as done in case of the prosecutions under the Companies Act; increasing the monetary limit for initiating prosecution complaints in Income tax matters etc. and widening the scope of compounding in prosecution cases. DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, […]

Representation on Issues in Faceless Assessments/Penalties/Appeals

August 2, 2021 7389 Views 2 comments Print

Direct Taxes Professionals’ Association made a Representation for issues assessees are facing in Faceless Assessments / Penalties and Faceless Appeals to CBDT Chairman. Full text of their Representation is as follows:- DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph 033-22420638 Email : dtpakolkata@gmail.com Ref. No. – DTPA/Rep/21-22/28 […]

Ease of Doing Business & Custom Audit

August 2, 2021 4530 Views 0 comment Print

Hon. Prime Minister of India has the reason to take India on the top rank of ‘Ease of Doing Business’, which will promote ‘Make in India’ moment to ensure achievement of dream of making India USD 5 Trillion economy and India to be super power by 2024. One of the major hurdle of doing the […]

Renting of Motor Vehicle under GST

August 2, 2021 79815 Views 0 comment Print

One cannot deny that issues concerning motor vehicle have always been prone to litigation under GST. Whether it be the availment of credit on purchase of motor vehicle, or credit of insurance, repair etc of motor vehicle or the credit pertaining to renting of motor vehicle, it would not be over emphasizing to  say that […]

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