Clause 44 of Form 3CD Tax Audit Report which required information regarding expenses on the basis of applicability of GST.
Learn about the risk management process and how to avoid potential pitfalls when claiming a TDS refund. Dont fall into the trap of fake deductions and penalties.
1. GST Registration 1 Allow taxpayer to enter multiple trade names Earlier only a single Trade Name was being captured during New Registrations and subsequent amendment in core field for Normal Taxpayer on the Portal. Now taxpayers have been provided with an option to provide up to 9 additional trade names for a single GSTIN […]
In re Mercara Downs Golf Club (GST AAR Karnataka) Whether the donation amount is taxable under GST or not? If taxable whether the rate of GST applicable on the said donation is 18% or not? Advance ruling can be sought under Section 97 only for supply of goods or services or both being undertaken or […]
Center decides to remove the fare cap on air tickets from 31st August 2022. Cap on airfares was imposed by Civil Aviation Ministry in May, 2020. Civil Aviation Minister Jyotiraditya Scindia says, decision has been taken after a careful analysis of daily demand and prices of air turbine fuel. AV.13011/1/2020-US(SS)-MoCA Government of India Ministry of […]
Government notified that from 1st October,2022, any citizen who is or has been an income-tax payer, shall not be eligible to join Atal Pension Yojana (APY). In case a subscriber, who joined on or after 1st October, 2022, is subsequently found to have been an income-tax payer on or before the date of application, the […]
RESULTS OF CHARTERED ACCOUNTANTS FOUNDATION EXAMINATION HELD IN JUNE- 2022 PRESS RELEASE The result of the Foundation Examination Held in June 2022 was declared recently. The details of percentage of candidates passed in the above said examination are given below: GENDER No. of candidates appeared No. of candidates passed % of Pass No. of Exam […]
ITC available on input services used for making outward taxable supply of same line of business subject to Notification No. 11/2017-CT (Rate)
GST has recently been imposed with effect from 18 July, 2022. Certain sections of the media and social media are spreading the message that GST has recently been imposed with effect from 18 July, 2022 even on ‘Sarais’ run by religious/charitable trusts. This is not true. The correct position is detailed below: Based on the […]
Centralized suspension of registrations pertaining to registered persons who default in timely filing of returns is being carried out. Provisions have been made to restrict the generation of e-way bills by non-compliant taxpayers.
