In case, if the taxpayer wants to seek rectification of a mistake in an order or intimation, which is apparent from the record, then the taxpayer can seek ‘Rectification under Section 154’.
All India Protest Call by nearly 200 associations including Chamber of Commerce, Industrial Associations, Trade Associations, Professional Bodies on 29th January 2021 to demand Better Tax Administration, ease of doing business and good governance. WHY THESE PROTESTS 1. Unstable GST Law even after 4 years, which has resulted in large scale disturbances of business, caused […]
he Annual GST Return is a summary of the monthly/quarterly returns filed by a taxable person. It is basically a comprehensive return containing all the transactions that occurred and reported in the periodical returns filed during the financial year.
The government introduced GST explaining that it is good and simple tax to eradicate the cascading effect of various indirect tax legislations in the country, but after introduction of GST, the government took various measures to curb the fake ITC frauds but while doing so government did not even bother about what is the impact […]
On account of practical difficulties faced by LLPs during the pandemic ICSI requested MCA to consider providing extension of the timelines for filing of e-form 8 and e-form 11 pertaining to financial year 2019-20 till 31st March, 2021. THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act […]
Failure to comply with the process of registration of GST can lead to various consequences, that a person can neither claim any Input Tax Credit nor can collect tax from his customers.
The Dehradun Chartered Accountants Society Vs. Union of India (High Court of Uttarakhand at Nainital) High Court held that Admittedly, the country continues to suffer and to reel under the COVID-19 pandemic. A large number of assesses still find it difficult to even meet their Chartered Accountants and to file their Income Tax Audit Reports […]
Government is neither listening to representations submitted by various associations, nor listening to court direction in true spirit. In Covid 19 pandemic, all professionals and Trade, ignoring life and death risk, ensured that, India will stand again, paid taxes in lakh crores but it seems government doesn’t recognize us.
Due dates for filing of Form GSTR-3B for the Tax Period of December, 2020 1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No.82/2020 – Central Tax, dated 10th Nov., 2020,has inserted sub rule 6 in Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered […]
CBDT has vide its order dated 11.01.2021 decided that it will not further extend due date of Tax Audit and ITR Filing. In its order it has given a Table in which it listed out extension given by Other countries but data provided in respect of Singapore and Brazil were having some discrepancies which are […]
