Expert Knowledge,
Straight from Practitioners.
Tax tips, legal guides, and financial advice written by the same verified CAs, Advocates, and Advisors you can consult on ConsultEase.
What is CMP 08 ? How to handle negative liability and format of letter to deptt.
CMP 08 for composition dealers: This new form is introduced for composition dealers. Both composition dealers and taxpayers under 02/2019 CT are required to file it. They are filing GSTR 4 till now. But they need to file CMP 08 quarterly. GSTR 4A is still
CA Shafaly GirdharwalJul 18, 2021
Income Tax Compliance307th Issue of Tax Connect
Tax Calendar Due date Form/Return/Challan Reporting Period Description 18th July 2021 CMP-08 April to June 2021 Quarterly return for a registered person opting for composition levy 20th July 2021 GSTR – 5A June 2021 OIDAR – Details of supplies of online information and database access
GST LitigationKarnataka HC Order in the case of M/s Global International
Case Covered: M/s Global International Versus Union Of India Order of the Hon’ble Court: Heard Mrs. Pragya Pandey, learned counsel for the petitioners, and Sri Ashok Singh learned counsel for the respondent no. 1, 2 & 4. The present writ petition has been preferred by
GST LitigationOrder passed at the time when Income Tax Portal was dysfunctional, Assessment Order was set Aside
2021 (7) TMI 427 – Delhi High Court in One Mobikwik Systems Private Limited Versus Deputy Commissioner Of Income Tax Related Topic: A petitioner who seeks equity must do equity Facts A show-cause notice was served on the petitioner, on 11.06.2021, Petitioner was, however,
CA Rachit AgarwalJul 17, 2021
Udyam Registration – Eligibility, Process, Documents Required, and Certificate
The MSME sector is the soul and blood of the Indian economy. It provides the raw material for the bigger industries, maximum employment, and also spearheads innovation, design, and technology in the fast-changing industry. Most of the Start UPs are in this sector only. It
GST ComplianceAvailment of ITC Credit For The Month of June, 2021
Rule 36(4) restricts the availment of input tax credit beyond 5% of the ITC reflected in Form GSTR 2A/2B. However, as per Notification No. 13/2021-CT dated 1st May 2021 as amended by Notification No: 27/2021 dated 01/06/2021the said restriction will not apply in individual months
B. VenakteswaranJul 16, 2021
GST ComplianceHSN Classification: Fortified Rice Kernels (FRK)
Advance Ruling Mislead The Industry And Shown Incorrect Path Knocking On The Doors Of Government & GST Council Is Required 1. Manufacturers of FRK in the entire industry were classifying the FRK under Chapter Heading 1006 taxable to GST @ 0% (unbranded Rice) & 5%
Adv. Pawan AroraJul 16, 2021
GST ComplianceMemorandum To Hon. FM On GST Problems
Subject: – Memorandum to solve the problems faced by the common taxpayer in complying with GST tax laws in India. Under your able leadership, GST has now completed four years in our country India and now it is certain that GST is going to
CA Sudhir HalakhandiJul 16, 2021
GST LitigationWrit Petitions not maintainable on Mixed Question of Facts and Law
2021 (7) TMI 174 – Madras High Court in M/s. NCR Corporation India Pvt. Ltd. Versus The Commissioner Of GST & Central Excise, Puducherry Commissionerate, Puducherry 1. The mixed question of fact and law has to be adjudicated with reference to the original records and
CA Rachit AgarwalJul 16, 2021
Income Tax ComplianceA Handy Checklist of Various Compliances to Be Completed Till 31 July 2021
Due to the disastrous second wave of the Covid-19 pandemic, in order to reduce the compliance burden, the Income Tax Department, in accordance with the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TLA Act, 2020) has extended various due dates
GST LitigationCESTAT Order in the case of M/s. ICICI Econet Internet And Technology Fund
Case Covered: M/s. ICICI Econet Internet And Technology Fund Versus Commissioner Of Central Tax Facts of the Case: Brief facts of the case are that the Appellants are venture capital funds established as a trust under the Indian Trusts Act, 1882, (“Trusts Act”) and registered
GST LitigationSuspension of Registration is Worse than Cancellation and cannot be kept Hanging.
2021 (7) TMI 466 – Rajasthan High Court in M/S. Avon Udhyog, Versus State Of Rajasthan, Assistant Commissioner, State Tax (Gst), Ward – II, Circle Anti Evasion, Jodhpur., Deputy Commissioner, Circle – C, Jodhpur – Ward – 3, Rajasthan. Facts A search was conducted
CA Rachit AgarwalJul 15, 2021