The 31st GST Council meeting had settled on introducing a new GST return filing model on a trial basis. So as to ease the progress to the new GST return filing system, a transition plan has been worked out. Presently, there’s a major trial for the taxpayers having GST registration, and that is to migrate […]
Home is a basic need of any person in addition to bread and clothes. With rising prices of houses, it is almost impossible for an average person to buy a house without borrowing for it either through housing loans or through loans from friends and relatives. In this article, I wish to point out why the government should take out the present tax benefit from Section 80 C and introduce separate deduction for the principal repayment of housing loan.
Though the matter of pre-arrest bail is pending before the Hon’ble Supreme Court in Union of India Vs Sapna Jain & Ors and has been discussed in detail in our previous article Jail Over Bail Under GST: Dilemma?. This article discuses the various requirements of the law to be considered while resorting to arrest the head of the Company. The authors try to analyse the criminal liability under various laws vis-à-vis Companies Act, 2013 the parent law for evolving corporate criminal jurisprudence.
Given below is a sample Management Representation Letter for GST Audit. It is not intended to be a standard letter. Representations by management will vary from one entity to another and from one period to the next.
GSTN introduces New Functionality in May 2019 for Form GSTR-9, Annual Return for 2017-18, Form GSTR-9A, Annual Return for 2017-18 for composition taxpayer, Revocation of cancellation of Registration and for Viewing & Downloading of month-wise Comparative Table on Liability Declared and Credit Claimed. A. Form GSTR-9, Annual Return for 2017-18 Facility to file Annual Return […]
Article contains Indirect Taxes Updates on GST, Customs, Excise, Service Tax & VAT for the Month of May 2019. Article Analyses Important Notifications / Circulars issued in the Month of May 2019 and also analyses Important Case Laws / Advance Ruling etc. decided by Various Courts and Authorities from time to time on GST, Customs, […]
Filing of Annual Return, Form GSTR-9 for financial year 2017-18, by 30th June, 2019 (1) This is in reference to filing of Annual Return, Form GSTR-9, by a normal taxpayer for financial year 2017-18, which is required to be filed by them on GST Portal latest by 30th June, 2019. Kindly note that Annual GST […]
Article explains About Form GSTR-9A, Opt in and Opt out of composition & Form GSTR-9A, Pre-conditions of Filing Form GSTR-9A, Filing Nil Form GSTR-9A, Filing Form GSTR-9A, Entering Details in Tables of Form GSTR-9A, Form GSTR-9A & Consolidating Summary, Filing & Paying Late Fee, Additional Liability & it’s Payment, Previewing & Signing Form GSTR-9A and […]
Interest of the investors has been shifting from direct equity investing to equity mutual funds over a few years. Though this is a welcome trend, there are certain mistakes which investors should avoid while making investments as well as while remaining invested in equity mutual funds. Let us discuss some of the major mistakes which […]
Under Income Tax, Form 16 represents the certificate which certifies that TDS has been deposited for the specified transactions. Different types of Form 16 certificates are to be provided for different categories of transactions / payments as detailed hereunder – 1. Form 16 – TDS certificate for salary 2. Form 16A – TDS certificate for […]
