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GST- Avoidance of undue harassments to taxpayers – Instructions

January 13, 2023 12573 Views 0 comment Print

It is noticed that summons, notices and letters are being issued to taxpayers in a routine and casual manner and in piecemeal calling for information/documents and in many cases, the taxpayers were also required to furnish copies of returns and records which are very well available in the portal itself. This kind of attitude is viewed by the Trade bodies as harassment and pressure tactics and thus brings disrepute to the Department.

GSTINs suspended: Advisory on “Initiating Drop Proceeding” by taxpayers

January 12, 2023 13476 Views 1 comment Print

Recently, a functionality of Automated Drop Proceedings of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal. This functionality is for the taxpayers who have filed their pending 6 monthly or 2 Quarterly returns. Such taxpayers are advised to revoke the suspension once the due returns have been filed by clicking on […]

New Functionalities for Taxpayers on GST Portal in December, 2022

January 12, 2023 7791 Views 1 comment Print

1. Registration 1. Automation of Drop Proceedings for taxpayers suspended upon issuance of SCN in Form GST REG-17. A taxpayer is suspended on the portal if they do not file six or more consecutive monthly returns /quarterly returns (QRMP) for two tax periods in Form GSTR 3B and are issued with a system generated notice […]

Regulatory updates for the Month of December 2022

January 12, 2023 5604 Views 0 comment Print

Stay up to date on regulatory changes in India related to new/existing companies – MCA launched 56 company forms & MHA security clearance application for DIN/directorship for citizens of countries sharing land border with India.

Request to announce another Income Disclosure & Vivad Se Vishwas Scheme

January 12, 2023 6846 Views 0 comment Print

Memorandum containing suggestions for Budget 2023 by CCI Professionals Forum with request to consider annoucing another Disclosure Scheme and Vivad Se Vishwas Scheme in national interest. CCI PROFESSIONALS’ FORUM (A unit of Calcutta Citizens’ Initiative) 3, Ho Chi Minh Sarani, Ground Floor, Kolkata 700071 Email [email protected] (M) 98309 51252 Ph – 033-40661000 7th January, 2023 […]

Section 153A: Approval of 123 cases by JCIT in one day cannot be said to be with application of mind

January 12, 2023 7884 Views 0 comment Print

In the instant case, the draft assessment orders in 123 cases, i.e. for 123 assessment years placed before the Approving Authority on 30.12.2017 and 31.12.2017 were approved on 31.12.2017

GST payable on supply of Doctors to Hospital: AAR Haryana

January 12, 2023 6951 Views 0 comment Print

Company would act as a clinical establishment only if it is involved in treating the patients as defined under the definition (of the healthcare services) of the notification issued under the Act ibid but it becomes a supplier of specialized man power if it act differentially as it’s in the present case.

Applicability of TDS on the sale of property

January 12, 2023 28569 Views 4 comments Print

Understand the applicability of TDS on the sale of property. Learn about the rate, time & value on which TDS is deductible. Form 26QB, 16B & FAQs included.

Penalty for non submitting MGT-14 for Board Resolution of approval of accounts

January 11, 2023 4140 Views 0 comment Print

As per Sec. 117(3)(g) of the Companies Act, 2013, the provisions of this section shall apply to – (g) resolutions passed in pursuance of sub-section (3) of section 179. As per Sec. 179(3)(g) of the Companies Act, 2013, the Board of Directors of a company shall exercise the following powers on behalf of the company […]

Penalty for not mentioning DIN on Form AOC-4 documents

January 11, 2023 3675 Views 0 comment Print

As per Sec. 158(1) of the Companies Act, 2013, Every person or company, while furnishing any return, information or particulars as are required to be furnished under this Act, shall mention the Director Identification Number in such return, information or particulars in case such return, information or particulars relate to the director or contain any […]

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