Clarification on changes in the refund formula for the inverted duty structure: Can it be applied retrospectively? Yes, changes made in Rule 89(5) allow applying the new formula for previous tax periods.
Understanding the impact of fake invoices under GST – Demand and penalty provisions. Explore the consequences for issuing tax invoices without actual supply of goods or services, and the penalties involved. Stay informed on GST compliance.
Understand the simplified GST regulations on pre-packaged and labeled items. Learn about the tax rates and requirements for edible products in retail sales packages.
Understanding the changes in GSTR-3B filing: Furnishing correct information of inter-State supplies and ineligible input tax credit in a simplified manner.
Understand the revised formula for claiming ITC refund in case of Inverted Duty Structure under GST. Learn about recent amendments for a simplified approach.
Explore the essential checklist for finalizing financial statements under the revised Schedule III of the Companies Act for the fiscal year 2021-22. Understand key changes and stay compliant.
Understanding Section 69 & Section 132 of CGST Act 2017: Can CA/Tax practitioners be arrested or prosecuted? Find out all the details here.
Understanding the cash transactions limit under GST & Income Tax. Learn about the provisions and restrictions when receiving amounts of Rs 2 lacs or more.
Understand the impact of GST on Charitable and Religious Trusts. Learn how GST regulations affect these organizations and their revenue.
New updated return introduced in Budget 2022-Let us discuss it in simplified manner- 1. Any person , Whether or not he has not furnished an original return, belated return or revised return, may furnish an updated return of his income till 24 months from the end of the assessment year. but when he cannot […]
