Understanding the mandatory requirement of claiming ITC as GSTR-2B from 01.01.2022. Get insights into the changes for suppliers and recipients under GST.
Service of notice under Section 143(2) of the Act within the statutory time limit is mandatory one and not a procedural requirement.
CIT(Appeals) that the CPC has misread the Audit Report because in the Audit Report, it has been specifically mentioned that TDS is being deducted wherever such TDS was required to be deducted on payments made by the assessee. This aspect was not examined, i.e. what is the nature of payment, whether TDS is to be deducted or not? The disallowance cannot be made in a mechanical manner.
Approval under section 80G sought for by the assessee cannot be subjected to any condition as there is an inbuilt mechanism to be complied with by assessee after getting registration/approval under section 12AA and 80G
It is stated that one Mahabir Jain Shyamsukha was caught red handed while accepting illegal gratification of Rs. 3,83,000/ on behalf of accused Raju Sakthivel. It is also stated that investigation is still going on and one of the accused is absconding, and therefore, it is contended to dismiss the petition.
Find out if Form DIR-12 needs to be filed for the appointment of first directors in a company. Learn about the legal requirements and procedures.
Shivi Mohan Rastogi Vs CPIO (CIC Delhi) Central Information Commission (CIC) upon a perusal of records and after hearing submissions of both the parties remarked at the outset that the core premise raised by the Appellant was non-receipt of certified copies of his TDS documents for the averred period. In response to it, the CPIO submitted that […]
The Article explains the meaning of debit note credit note under normal commercial practice Vs under GST Law, definition, Act, Q & A under GST, relevant amendment under GST.
UCBs which currently do not meet the minimum net worth requirement, as above, shall achieve the minimum net worth of ₹2 crore or ₹5 crore (as applicable) in a phased manner. Such UCBs shall achieve at least 50 per cent of the applicable minimum net worth on or before March 31, 2026 and the entire stipulated minimum net worth on or before March 31, 2028.
Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centers (IFSCs) – Compliance with statutory/regulatory norms
