by CS Rajeev Rawat | Jul 19, 2022 | Information
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 recommendations made by the GST Council in its 47th meeting, came into effect from...
by CS Rajeev Rawat | Apr 28, 2022 | Information
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 normal and casual registered taxpayers making outward supplies of goods and services or both and contains...
by CS Rajeev Rawat | Feb 10, 2022 | Information
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 town. He has got necessary approvals from the Plan Passing...
by CS Rajeev Rawat | Feb 8, 2022 | Information
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) of the Act; and (2) Regime for the trusts registered u/s.12AA/12AB of...
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...
by CS Rajeev Rawat | Jan 13, 2022 | Information
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 “Companies (Registration Offices and Fees) Amendment Rules, 2022”. It is to...
