Question 1: Who is required to file Form 27C on E-filing portal, buyer or seller? Resolution: The Seller is required to file Form 27C on E-filing portal. Question 2: How can buyer furnish the declaration to seller under section 206C(1A) for obtaining goods without collection of tax? Resolution: The Buyer is required to manually fill Part-I of form 27C […]
Karnataka State Chartered Accountants Association ® has submitted its Suggestions, views & comments on comprehensive changes in GSTR-3B vide its representation dated October 1st, 2022 to The GST Policy Wing, Central Board of Excise and Customs, New Delhi. Relevant Text of Their Representation Is As Follows: – Karnataka State Chartered Accountants Association ® CA. Pramod Srihari […]
New Functionalities made available for Taxpayers on GST Portal (September, 2022) 1. Registration 1. Functionality to add new fields while submitting response to a notice, in Form GST REG 04 -While filing clarification in Form REG-04, whenever the applicant clicks on any tab in Registration module, he/she would be displayed a pop-up window with following two […]
Clarification regarding time limit for certain compliances pursuant to issuance of Notification No. 18/2022-Central Tax dated 28.09.2022 Vide Notification No. 18/2022-Central Tax dated 28.09.2022, the Central Government has appointed 01.10.2022 as the date on which the provisions of sections 100 to 114, except clause (c) of section 110 and section 111, of the Finance Act, […]
It will be in the best interest of Respondent Public Authority to explore the viability of introducing/updating a FAQs Section on their website wherein the most commonly sought issues/clarifications and/or respective orders/circulars/their jurisdictions and also their powers/roles can be easily identified and relevant information in that regard can be placed in the public domain in keeping with the letter and spirit of suo motu disclosures prescribed under Section 4 of the RTI Act.
Understanding the amendments to GST law and the impact on claiming Input Tax Credit. Stay updated with the changes and requirements for ITC.
Company is using its letter heads which contains CIN as listed even after becoming delisted w.e.f. 21.12.2018 from both stock exchange (NSE & BSE) which shows that company has made violation of Section 12(3)(c) of Companies Act, 2013.
Stay updated with the latest GST compliance changes and important due dates for October 2022. Avoid penalties and file your returns on time.
Understand important tax audit reporting clauses with funny Q&As. Learn and enjoy the Form 3CD Annexure in the Tax Audit Report (TAR) in a humorous and useful way.
Understand the Input Tax Credit provisions under Section 16(2) of CGST Act from 01-10-2022. Learn about the conditions for entitlement and how to claim tax credits.
