Section 132 of CGST Act, 2017 codifies offences which warrant institution of criminal proceedings under section 132(1) & (2) can be prosecuted
In this case, AO pass order levying penalty amounting to Rs.6,62,100/- u/s 271C of Income Tax Act (being 2% of the EDC amount paid to HUDA).
Check out the credit card benefits offered by the top banks in India. Read more to find out about the key features, application procedure, etc.
Credit score is a 3 digit number ranging between 300 to 900, showing your financial health. credit history, outstanding debts & payment pattern
#AD If you are interested in the world of cryptocurrencies, you have probably heard about mining. It is one of the most profitable investments in this business, which makes it very popular. However, as time goes on and things change, in the past anyone could mine, but now it can be very difficult to do […]
Recent reports in a section of the media have highlighted a case of Sh. Girish Yadav, a resident of Khagaria, Bihar having received a letter from the jurisdictional GST authorities for recovery of GST amounting to Rs. 37.5 lakh alongwith applicable interest and penalty. Examination of the case by CGST authorities reveals that the letter […]
Most investors think replicating a mutual fund portfolio and creating their own portfolio with the same stocks is quite easy. It is the greatest misconception ever.
Article explains Clause 44 of Tax Income Tax Audit Report as applicable to Assessment Year in view of Recent ICAI Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 AY 2022-23. Clause 44 deals with Break-up of total expenditure of entities registered or not registered under GST.
A deposit account explicitly designed for the needs of businesses is known as a current account. It assists organisations in handling a sizable volume of daily transactions and provides features and services that simplify planning and managing finances.
CGST Navi Mumbai arrests one person for availing and passing on fake ITC on bogus invoices On 18th August 2022, the Proprietor/mastermind handling the business activities of M/s Mass Steel Traders (GSTIN:27BONPS7020E1ZS), M/s S.K. Enterprises (GSTIN:27DBKPK2919Q1Z1), M/s M K Traders (GSTIN:27AOBPK2775F1ZZ) & M/s. Niyaz Enterprises (GSTIN:27CJKPS3682K1ZF) has been arrested by CGST, Navi Mumbai on the charges […]
