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CGST Act With Amendments – Download PDF Updated Till February 2023
CGST Act 2017 With Amendments Updated Till February 2023 – Download Free PDF To read the CGST Act 2017 with amendments till February 2022, download the PDF added at the end of this article. Download CGST Act with amendments, With FB 2021 updates These changes
CA Shafaly GirdharwalChanges in GST Law Effective from 01.01.2022
Introduction GST law has been rapidly evolving with the addition and deduction of provisions in the past four years. Now, as we welcome the New Year 2022, the Government has presented us with some changes to be made effective from the 1st of January, 2022.
Income Tax Search and Seizure: Controversy in Computing the Period of Limitation to Frame Search Assessments
Introduction The period of limitation for completion of assessment u/s 153A of the Income Tax Act’1961 for the searches conducted on or before 31st Day of March’2021 is governed by the provisions of Section 153B of the act. Even though Section 153A of the Income
Jan’22 GST Return Legal Changes and Precautions
There are many amendments proposed from 1st January 2022. Among them, the most crucial two which would impact all taxpayers are related to the legal changes for availing ITC and filing GSTR-1 and GSTR-3B which have been notified vide Notification No 39/2021-Central Tax dated 21st
W.e.f. 01.01.2022 – Mandatory Matching of Input Tax Credit ITC Can Be Availed Equal to ITC Reflected in GSTR 2a/2b
W.e.f. 01.01.2022 ITC in GSTR-3B can be availed only when the invoice details have been furnished by the Supplier in its GSTR-1 and the same has been communicated to the recipient in GSTR-2A/ 2B. Section 16(2)(aa) of the CGST Act (as inserted by Finance Act
Filing GSTR 9/9c December 2021: Critical Issues for Preparing for Scrutiny
Section 61 of The CGST Act 2017 empowers the revenue authorities to scrutinize the return and related particulars furnished by the taxpayers to verify the correctness of the return and inform him of the discrepancies noticed, if any, in such manner as may be prescribed
GST Refunds Stuck Due to Difference Between Fob Value and CIF Value: an Analysis
It is seen that the CBIC and DGARM have held back many refunds of exporters due to the difference between the FOB Value of exports as reported in the Shipping Bills and the CIF Value as reported in the GST Invoices which also find a
329th Issue: 19th December 2021-25th December 2021
The Central Board of Direct Taxes (CBDT) has rolled out the e-Verification Scheme, 2021 for the Collection of Information of Assessee by the Assessing Officer (AO). The government has empowered the income tax department to gather more information from the taxpayers on digital mode and
Most Litigative Issues on Itc
Sales Promotion item is taxable supply at Value u/r 27 KANAHIYA REALTY PRIVATE LIMITED The supply of hosiery goods followed by the supply of goods under promotional scheme doesn’t satisfy the condition of being ‘made for a single price’ and the supplies, therefore, cannot be
Exporters To-Do List in Nov’21 & Dec’21: Rodtep/Agri-Tma & Foreign Trade Policy
Process & Procedures for RoDTEP: The following process would be followed for RoDTEP (i) Exporters to register their IEC on ICEGATE with a DSC. (ii) To avail of the scheme exporter shall make a claim for RoDTEP in the shipping bill by making a declaration. (iii)
Valuation & Provisional Assessments Under Customs: Gems, Precious and Semi-Precious Stones – an Understanding
Introduction Valuation is one of the most crucial aspects for an organisation engaged in the import and export of gems, precious and semi-precious stones considering high-value transactions. This also necessitates that the value adopted for custom duty purposes is properly documented with contemporaneous evidence so
Income Tax ConsultancyBank Lockers – Income Tax Search and Seizure
The authority and power to conduct search and seizure operations are strident and caustic power authorized by law to be taken recourse to when the conditions mentioned under different clauses of Section 132 (1) of the Act are satisfied. The jurisdictional facts that have to