Analysis of Clarification Issued on Job Work By Way of Milling of Wheat Into Flour or of Paddy Into Rice. CLARIFICATION ON JOB WORK BY WAY OF MILLING OF WHEAT INTO FLOUR OR OF PADDY INTO RICE Circular No. 153/09/2021-GST, 17th June 2021 Introduction: ♦ Job work activity done by way of milling of wheat into flour […]
Understanding the new amendment under section 206AB of the Income Tax Act. Learn about the format and applicability of this provision for TDS deduction.
Higher TDS / TCS Rates for Non-Fillers – Section 206AB / 206CCA read with 206AA Before going into the details of the subject, let me first clarify that these provisions are applicable to ALL taxpayers who are required to deduct TDS or collect TCS. There is no threshold limit nor bifurcation of small taxpayers, large […]
In light of the recommendations made during the 43rd GST Council Meeting, the Government has issued 7 Circulars on 17th June 2021 providing clarifications on the applicability of GST, GST rate etc on various services. The clarifications are tabulated below for the readers: Circular No Issue Clarification Circular No 149/05/2021-GST dated 17 June 2021 Whether […]
In this representation, we are making an honest and sincere attempt to practically demonstrate the technical glitches and currently non-functioning functionalities of the new e-Filing portal, so as to warrant an immediate and much needed attention of the concerned competent authorities to make the e-Filing experience, faster, smoother and better in real sense.
All About Cost Audit Applicability and its disclosures in other statutory documents The pandemic has again brought the focus on the importance of cost management of resources in the most effective and most efficient manner. The government of India had already mandated the maintenance of Cost Records and Cost audits under Companies Act 2013. Through […]
The evil consequence of tax evasion or avoidance are manifold which are short listed as under 1. There is substantial loss of much needed public revenue particularly in a welfare State like ours as India which is a developing Country day by day. 2. There is the serious disturbance caused to the economy of the […]
Introduction Coronavirus (COVID-19), a virus that grew stealthily from the end of 2019 has become one of the deadliest viruses that is killing people worldwide. The normal life in India was disrupted due to lockdown, restrictions on commutation etc. due to covid. It affected almost all the industries in India and the second wave of […]
Guidance Notes On Mentioning Of HSN & SAC Codes And Furnishing The Details Of Nil Rated, Exempted, And Non GST Supplies In FORM GSTR-1w.E.F.1.4.2021-Reg Guidance Notes on supply of Exempted Goods and Services- Whether Mandatory to mention HSN Code &SAC Code on Invoice – How and Where to mention such supply of Exempted Goods and […]
DTPA Representation Committee has made a representation to Mrs. Nirmala Sitharaman, Hon’ble Finance Minister on Representation on problems/ issues in new Income Tax Portal. Full text of the same is as follows:- DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph 033-22420638 Ref. No. – DTPA/Rep/21-22/27 Date: 16.06.2021 […]
