If you opt for reset of GSTR3B, late fee inadvertently gets visible for months for which it has been waived off. Since the form is simply made editable, the entries from old form GSTR-3B is displayed. Upon clicking submit, GST System recalculates the late Fee and it will then be reset to 0. You may proceed with submission and filing now.
Taxpayer is not able to reset and file GSTR-3B. Error report shows YOU HAVE ALREADY OFF SETTED GSTR-3B, but CESS liability is yet to be set off.
The National Company Law Tribunals (NCLTs) should be empowered by law to grant relief on any tax that may be imposed on any waiver of accrued interest with regard to stressed assets referred for resolution under the Insolvency and Bankruptcy Code, the ASSOCHAM has said in its communication to the Finance Minister Mr Arun Jaitley.
Facility to edit/revise / Amend/ Form GST TRAN-1 filed after 08-11-2017 enabled. Taxpayers can now file revised FORM GSTR-1 related to Transitional ITC Credit on stock even if it results in downward credit. In such cases, the difference will be added to their liability.
PUNJAB NATIONAL BANK invites applications for empanelment of Forensic Auditors for the period 2018-2019. Criteria of qualifications, experience, scope of work, application forms, undertakings, addresses of the Zonal Offices etc. are enclosed. Auditors already empanelled with the bank need not apply again. Please note that applications and copies of the qualification, experience, undertakings etc. be […]
Certain misgivings have been expressed in the media regarding bail-in provisions of the FRDI Bill. The provisions contained in the FRDI Bill, as introduced in the Parliament, do not modify present protections to the depositors adversely at all. They provide rather additional protections to the depositors in a more transparent manner.
The objective of the consultation paper is to seek comments / views from the public on the proposal of permitting Mutual Funds (MFs) and Portfolio Managers (PMs), who are authorized under an agreement to invest on behalf of their clients, for participation in exchange traded commodity derivatives and to determine an ideal regulatory framework for the proposal.
FICCI has suggested Finance Minister Mr. Arun Jaitley to consider across the board tax rate cuts for businesses and individuals in the Budget for 2018-19 to spur domestic investment and demand.
Making out a strong case for slashing of corporate tax to 25 per cent, the ASSOCHAM President Mr Sandeep Jajodia said in his presentation before Finance Minister Mr Arun Jaitley tax exemption limits for senior citizens and salaried employees should be also raised substantially for a demand push to the economy.
The objective of ASLB 20, ’Related Party Disclosures’ is to require the disclosure of the existence of related party relationships where control existsand the disclosure of information about transactions between the entity and its related parties in certain circumstances.This information is required for accountability purposes and to facilitate a better understanding of the financial position and performance of the reporting entity.
