FAQs on GST applicability on ‘pre-packaged and labelled’ goods
FAQs on GST applicability on ‘pre-packaged and labelled’ goods Posted On: 18 JUL 2022 9:12AM by PIB Delhi | Source: https://pib.gov.in/ The changes relating to GST rate, in pursuance of…
FAQs > GSTR-1 : Preparation and Filing of GSTR-1
FAQs > Form GSTR-1 1. What is Form GSTR-1? Who is required to file Form GSTR-1? Form GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all…
Sale of developed plot is different from sale of land and covered under supply of construction service: AAAR
Appellate Authority for Advance Ruling Gujarat Dipesh Anilkumar Naik, In re - [2022] 135 taxmann.com 99 (AAAR-GUJARAT) The appellant was a farmer having a vacant land outside the municipal area of…
Amendments regarding taxation of trust in Finance Bill, 2022
Exemption to trust or institution is available under the Income Tax Act under two regimes: (1) Regime for the trust or institutions obtained approval u/s.10 (23C)(iv), (v), (vi) or (via)…
Deployment of Interest Calculator in GSTR-3B
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…
ITC can not be disallowed merely on the assumption that supplier seems to be fake
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…
MSME Registration
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…
Claim of TDS Credit Deducted by the Employer but not Paid by it to the Government
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…
Interest Calculator in GSTR-3B – Upcoming functionality
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…
MCA amends Companies (Registration Offices and Fees) Rules, 2014; tightens norms relating to additional fee and higher-additional fee
The Ministry of Corporate Affairs (MCA) comes out with a Notification on 11th January 2021 for amendment in “Companies (Registration Offices and Fees) Rules, 2014”. These rules may be called…