AGFTC & ITBA urge the Finance Minister to reduce GST appeal fees to ensure fair taxation, proposing fees similar to Income Tax rates for more equitable access to justice under the GST regime.
AGFTC & ITBA urge Finance Minister to address Income Tax Portal issues, incorrect Section 87A relief interpretation, and extend ITR filing deadline for AY 2024-25.
All Gujarat Federation of Tax Consultants urges Finance Minister for reconsideration of Income Tax Act amendment affecting MSME payments. Learn the implications and proposed solutions.
Explore the dangers posed by recent GST changes in Rule 88C and Rule 88D. Learn the repercussions for GSTR-1 vs 3B and GSTR-2B ITC vs 3B ITC discrepancies. Stay compliant to avoid penalties.
AGFTC and ITBA jointly request an extension of the GSTR-3B filing deadline for October 2023 due to Diwali festivities. Learn about the cultural significance and limited filing window, urging Finance Minister Nirmala Sitharamans consideration for a stress-free compliance period.
In this article, we discuss the mass issuance of GST notices in September 2023 and the concerns raised by tax consultants and professionals regarding their legality and impact.
Dive into the complexities of Input Tax Credit (ITC) under GST. Uncover a comprehensive list of instances when wrongly availed ITC is liable to be reversed. Stay informed on GST provisions under Sections 16, 17, 18, and 19.
Income Tax Bar Association & All Gujarat Federation of Tax Consultants request a one-year deferment for new Form 10B and Form 10BB compliance due to practical difficulties.
Introduction: A recent representation to the Hon’ble Finance Minister, Smt. Nirmala Sitharaman, has highlighted significant delays and challenges in the faceless appeal scheme. Drafted jointly by the Income Tax Bar Association (ITBA) and the All Gujarat Federation of Tax Consultants (AGFTC), this representation dives deep into the issues plaguing the system and offers practical solutions. […]
Understand the intricacies of Input Tax Credit (ITC) under GST in scenarios where the supplier hasn’t filed GSTR-1 or GSTR-3B on time. Learn about the impact on recipients, actions to take, and safeguarding strategies for ITC availment. Stay informed to make sound financial decisions.
