In this Article CA Vivek Jalan discussed about the matter of Form 67 is directory and not mandatory to claim foreign tax credit...
In a Welcome Step, the CBIC has issued Circular No. 183/15/2022-GST dated 27th Dec 2022 to relieve the taxpayers of the various litigations in the past due to mismatches between the ITC available as per GSTR-2A and ITC availed as per GSTR-3B especially in the FY 2017-18 and FY 2018-19. There have been numerous notices […]...
Impact Analysis of Rule 37A: No Immediate ITC Reversal for Non-filing of GSTR-3B by suppliers In a Welcome Step, the CBIC has inserted Rule 37A in The CGST Rules 2017 w.e.f. 26th December 2022 vide Notification 26/2022 Central Tax. In the past five years of GST, there have been upteen notices and also many ITC-Reversals […]...
As held by the Apex Court in the case of Empire Jute Co. Ltd. vs Commissioner Of Income Tax – 1980 124 ITR 1 (SC), since there does not exist an all-embracing formula which can provide a ready solution to the problem; no touchstone has been devised and that every case has to be decided […]...
Direct & Indirect Taxes : Monthly Updates Date & Time – 3rd December 2022 (Time:11 a.m to 12:30 p.m) Tax Guru is Organizing a 1 and Half Hour Workshop for discussions on ‘Direct & Indirect Taxes : Monthly Updates’ on the following topics- GST – 1. Replying to notices for ITC denial for- A. Mismatch [&hellip...
Nov’2022 GSTR 3B Return Advisory: Notices From State Governments And Way Forward Many taxpayers are receiving notices from SGST Departments in their residential States regarding adjustments to be made before filing the GSTR 3B Return for November 2022 before 20th November 2022. In this Advisory we Analyse the issues and way forward in t...
CONFLICT OF GST LAW WITH GST PORTAL The topic discussed on the video are listed below. Sec 34 amendment.. Sec 34 (2) Any registered person who issues a credit note in relation to a supply of goods or services or both shall declare the details of such credit note in the return for the month […]...
Present ITR Forms ITR 1 – Salary + IFOS + 1 HP ITR 2 – Salary + HP + Capital Gain + IFOS ITR 3 – Salary + HP + PGBP + Capital Gain + IFOS ITR 4 – PGBP (Presumptive) + 1 HP + Capital Gain + IFOS ITR 5 – LLPs & Firms […]...
Webinar on 'GST & CUSTOMS – Recent critical developments & way forward for Industry October 2022' on 15th October 2022 at 11:00 a.m. ...
In this Video Author discussed about the matter of TDS u/s 194R: Analysis of New Clarifications dated 13th Sept. 2022 vide Circular No. 18 of 2022-Income Tax The topic discussed on the video are listed below. Provisions under section 194R of Income Tax Act, 1961 TDS u/s 194R on Business Promotion Expenses shall be applicable […]...