by CS Rajeev Rawat | Jan 31, 2022 | Information
The new functionality of interest calculator in GSTR-3B is now live on the GST Poral. This functionality will facilitate & assist the taxpayers in doing self-assessment. This functionality will arrive at the system computed interest on the basis of the tax...
by CS Rajeev Rawat | Jan 28, 2022 | Information
Payment to the supplier along with the tax should be verified before disallowing ITC: Calcutta HC LGW Industries Ltd. Vs Union of India [2022] The Hon’ble Calcutta High Court has recently held that benefit of ITC is to be granted if the purchases are genuine,...
by CS Rajeev Rawat | Jan 25, 2022 | Information
MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. When these industries grow, the economy of the country grows as a whole and flourishes. These industries are also known...
by CS Rajeev Rawat | Jan 24, 2022 | Information
I. Issue Mr. A, an employee working in XYZ Ltd., received a demand notice from the Income-tax Dept. asking him to pay tax on salaried income. The demand notice was issued because the amount of TDS credit claimed by Mr. A was higher than the amount of TDS credit...
by CS Rajeev Rawat | Jan 22, 2022 | Information
As a facilitation measure for taxpayers & for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B. This functionality will arrive at the system computed interest on the basis of the...
