CBIC has vide Notification No. 30/2021–Central Tax | Dated 30th July, 2021 amended Rule 80 related to Annual GST Return, It further amended Instructions related to GSTR 9 and also amended Form GSTR 9C. The existing Rule 80 replaced for making the requisite amendments in Form GSTR-9 & Form GSTR-9C. The default due date as […]
Vide CGST Notification No. 29/2021-Central Tax dated 30/07/2021 CBIC has notified the provisions of Section 110 & 111 of the Finance Act, 2021 w.e.f. 01.08.2021. While Section 110 omits section 35(5) of CGST Act means GST Audit (GSTR-9C) by CA/CMA is no longer required and Section 111 substitutes section 44 (Annual return) of CGST Act, […]
Income Tax Department carried out a search operation on 28.07.2021 on a prominent group in Jharkhand dealing in building construction and real estate. The search began on 28.07.2021 in Ranchi and Kolkata. More than 20 premises were covered. During the search, it was found that the group was not maintaining regular books of account. In view […]
CBDT has vide Notification No. 83/2021-Income Tax | Dated: 29th July, 2021 inserted rule 130 and Omitted various Income Tax rules and Forms. It further inserted Rule 131 which related to Electronic furnishing of Income tax Forms, Returns, Statements, Reports, orders MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi. Notification […]
Taxguru Team compiled Rule 12 of Income Tax Rules considering amendment vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 and Notification No. 82/2021-Income Tax | Dated: 27th July, 2021 for ready reference of our readers. Changes are Marked in Red Coloure. Revised Rule 12 of Income Tax Rules are applicable from 01.04.2021 i.e. for […]
A functionality to check status of bank account details update for the taxpayers who have taken new registration at GST Portal but have not yet furnished the same, has been introduced, in view of Rule 10A of the CGST Rules 2017. Such taxpayers are required to update their Bank Account Details within 45 days of the first login henceforth.
Individuals who have applied for a loan would be well aware of a credit score, but first-time borrowers are often confused about the term. So, they need to know what a credit score is?
CBDT has last amended Rule 12 of Income Tax Rules related to ITR Filing vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 and now it has once again amended rule 12 vide Notification No. 82/2021-Income Tax | Dated: 27th July, 2021 to amend Sub-Rule (1) and (5). Also Read: Rule 12 of Income Tax […]
This article is based on the evolution, history and development that took place in company. In simple words, how it implemented in India and what were the difficulties faced by law makers at that time to implemented this law in India. We will find the definition of company law in section 2(20) of the Company Law Act, 2013. In this article I have also explained the various factors due to which it took a lot of times to implement this law in India and the recent amendments which have been made under the Companies Act 1956.
AIMTPA – All India MSME and Tax Professionals Association has invited two GST Experts on it’s Platform on 24th July 2021 and a webinar was organized to discuss the Ground realities and problems of Goods and Service tax. The Experts were CA (Adv.) Bimal Jain and CA Sudhir Halakhandi. The experts discussed various issues related […]
