As per Section 61 read with Rule 99, a GST Officer is scrutinize the returns & related information furnished by the tax payer to verify the correctness of returns. If the assessment indicates a high risk of default or any indication of fraud, a scrutiny notice in the form of GST ASMT-10 is issued for seeking an explanation for the same.
Explore the detailed written submissions in the case of Sh. XXXXXX, challenging the penalty u/s 271D for accepting part cash in the sale of agriculture land. The appellant, an uneducated, rural individual, faced ill health and genuine reasons to accept cash. The penalty, imposed without fair hearing and ignoring reasonable causes, goes against judicial precedents. Discover the legal intricacies and practical challenges, emphasizing that penalty provisions should not be applied mechanically.
Explore Indias top 10 exports and the countries that buy them. Discover how India is achieving its goal of $400 billion in product exports.
Explore the high-demanding product export from India to the USA. Learn about the growing trade and investment between the two nations.
Learn about the Master Guidelines on Anti Money Laundering & Counter Financing of Terrorism issued by the Authority for insurers in India.
Understanding the impact of SC decision & CBDT instruction on reassessment notices u/s 148A. Learn how to reply to these notices for AYs 2013-14 & 2014-15.
There are two modes of payment of direct taxes (i) physical mode i.e. payment by furnishing the hard copy of the challan at the designated bank; and (ii) e-payment mode i.e. making payment by using the electronic mode. In this part, you can gain knowledge about various provisions relating to e-payment of various direct taxes.
Learn about the procedure for issuing ESOP under the Companies Act, 2013. Understand the steps, documents, and timelines involved in implementing an ESOP scheme.
Understanding Section 69 & Section 132 of CGST Act 2017: Can CA/Tax practitioners be arrested or prosecuted? Find out all the details here.
Note on One-Person Company (OPC) Highlights Basic Concept of OPC, Objectives of One-Person Company (OPC), Preliminary conditions & Eligibility for Incorporation of OPC, Mandatory Annual Compliances of OPC, Benefits cum Exemptions for OPC, Hindrances for the OPC and Comparative Analysis of OPC with Sole Proprietorship, LLP & Private Limited Company. 1. Basic Concept of One-Person Company […]
