CBIC vide Instruction No. 03/2022-GST instructs GST officials to upload Speaking Order along with GST Refund sanction order in FORM GST RFD-06 and also specified that Post-Audit may be conducted within 3 months from issue of FORM GST RFD-06 order for GST Refund claims exceeding Rs. 1 Lakh. F. No. CBEC-20/16/35/2019-GST Government of India Ministry […]
CBDT notifies Cost Inflation Index for Financial Year 2022-23 at 331 vide Notification No. 62/2022-Income Tax | Dated: 14th June, 2022.
Understand the income tax provisions for cash transactions in the agriculture sector. Learn how farmers can protect their interests in sales and auctions.
Understand the restrictions on cash transactions of Rs. 2 lakhs or more under income tax law. Learn about the modes of undertaking transactions and the exceptions.
Understand the benefits of Section 80D for health insurance premiums. Learn about the deductions available for insurance on self, spouse, dependent children, and parents.
Stay updated with the latest in GST compliance! Our June 2022 newsletter covers crucial amendments, compliance timelines, and key updates, ensuring you’re well-informed for a seamless business journey.
ANALYSIS OF SEC 269SS No person shall accept, from any other person, loan, deposit or any specified sum otherwise than by A/c payee cheque, bank draft or use of ECS through a bank account or through such other electronic mode as may be prescribed, if:
Unlock the Benefits of Cashless Business Transactions! Dive into the Amendments in Tax Audit Provisions introduced by the Finance Act, 2020 and 2021. Explore thresholds, conditions, and nuances for a seamless tax compliance journey.
Discover solutions when TDS doesn’t reflect in Form 26AS. Learn how to resolve Tax Credit Mismatch with reasons, corrective actions, and the taxpayer’s remedy. Explore the judicial stance, statutory provisions, and CBDT’s guidance. File grievances and ensure TDS credit rightfully.
In the past 2 years there has been a spike in the number of GST notices. This is on account of completion of audit within time lines, data analytics being performed by the department, the recent slew of fake invoicing/fake ITC claim cases, and many more.
