Prosecution is the institution or commencement of legal proceeding, the process of exhibiting formal charges against the offender. GST Law provides for launching prosecution against the offenders in cases where the amount of GST evasion or ITC misuse or fraudulent refund is more than Rs. 5 Crores.
a. Rule no.132 shall come into force from the 1st day of October, 2022. b. An application requesting for re-computation of total income of the previous year without allowing the claim for deduction of surcharge or cess, which was claimed and allowed as deduction u/s 40 of the Act in the said previous year as stood before such retrospective amendment, shall be made in Form No.69.
Understanding the simplified GST amendments effective from 01.10.2022. Discover the restrictions on availing ITC under the new Finance Act 2022.
Learn about the importance of submitting proof of investment annually and how it can make your tax planning more efficient.
Discover the key changes in GST from October 2022. Find out how the government can restrict ITC for taxpayers in various cases.
Are you planning to start a food business in India? Carry on! But one thing to keep in mind is that, before starting any type of food business you have to be apply for registration or licence as per section 31 of Food Safety and Standards Act, 2006 & rules made there under.
Stay compliant with important due dates for October, 2022. From GST to PF and ESI to Income Tax, know what you need to do to meet your obligations.
Learn about the advantages and challenges of converting a Sole Proprietorship into a Private Limited Company. Understand the conditions and procedure involved.
Discover essential tips to adopt e-invoicing and avoid penalties for businesses with revenue over 10 crore. Stay compliant with the latest e-invoicing mandates.
It has made mandatory for the Company to ensure the Constitution of CSR Committee and compliance of sub-section (2) to (6) of Section 135 to ensure that the Company complies with CSR initiative w.r.t to the unspent Amount.
