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GST ConsultancyDue Date Compliance Calendar Dec 2021
A. Due dates for Compliances under GST 31-12-2021- GSTR 9 – The Most Comprehensive Annual Return for FY 2020-21 by ALL registered persons having an aggregate turnover of more than Rs. 2 Crores or opted to file Annual Return. However, registered persons with aggregate turnover
Income Tax ComplianceWhether any incriminating material found during the course of an Income Tax Search on any other person can be considered in the assessment under Section 153A of the assessee – A study
Section 153A provides the procedure for completion of assessment in case of a person where a search is initiated under Section 132 or books of account or other documents or any assets are requisitioned under Section 132A after 31st May 2003 but on or before
GST ConsultancyDue Date Compliance Calendar Nov 2021
A. Due dates for Compliances under GST GSTR-3B – Monthly GST Return Turnover in the previous financial year Return for the month Extended Due Date For Taxpayer with Annual Turnover More than Rs 5 crore For Taxpayer who is not opting for QRMP Scheme having
Post Income Tax Search and Seizure Findings of Incriminating Material and Undisclosed Income Cannot Be Pressed for Supporting the Authorization of an Income Tax Search- a Study
Introduction: Authority and power to conduct search and seizure operations is 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
Business Expansion StrategyProduction Linked Incentive Scheme (Pli) for Textiles (Mistry and Shah Global Solutions Private Limited )
Overview of the Scheme Taking steps forward towards the vision of an ‘Aatmanirbhar Bharat’, the Government led by Hon’ble Prime Minister, Shri Narendra Modi, has approved the PLI Scheme for Textiles for MMF Apparel, MMF Fabrics, and 10 segments/ products of Technical Textiles with a
How to Make Yourself for International Tax
Mergers and Acquisitions tax Keep yourself updated with the latest deals – For example – Air India Link these recent deals with the background from where they started – What were the bottlenecks? There are different rules for listed and unlisted companies Think from the
Business AuditAudit Conducted by the Gst Department Under Section 65 of Cgst Act,2017(Updated till january 2024)
Dear colleagues, we have completed 4 years of GST Law. The Honorable Union Finance Minister made a proposal of “scrap GST Audit” in Union Budget,2021. The scope of GST Audit under Section 65 has been increased. As per information from the reliable source from the
Income Tax ComplianceCbdt Notifies New Rules for Retrospective Tax Disputes Settlement
The CBDT has notified a fresh set of rules(Relaxation of Validation Rules, 2021) to facilitate the settlement of the long-drawn retrospective tax dispute with The British telecom giant Vodafone Plc. “The form and manner of furnishing undertaking under Explanation to the fifth and sixth proviso
Nfra Consultation Paper-Charting the Strategy to Counter
In a move that could help MSMCs in their goals of becoming compliant with auditing standards, the NFRA has issued a ‘Consultation Paper’ to review how well these smaller companies are doing when it comes down to compliance. The stakeholders have been invited by November
How to File Gstr 4 Online Step by Step Guide
How to File GSTR 4 Online Step by Step Guide All the composition taxpayers must file GSTR 4 annually from FY 2019-2020 onwards. The return once filed cannot be revised, and also attracts a late fee if filed beyond the due date. Related Topic: GSTR-4
Bright Star Plastic Industries Vs Additional Commissioner of Sales Tax
Case Covered: M/s. Bright Star Plastic Industries Versus Additional Commissioner of Sales Tax & others Facts of the Case: The Petitioner is carrying on the business of manufacturing and trade of Poly Vinyl Chloride (PVC) pipes, high-density polyethylene and low-density polyethylene pipes, scrap iron angles,
CA Shafaly Girdharwal
GST ComplianceTaxability of Exports of Services Between Establishments of Distinct Person
There was a lot of confusion & doubts in the interpretation of Explanation 1 under Section 8 of the IGST Act 2017 in relation to condition (v) of export of services as mentioned in sub-section (6) of section 2 of the IGST Act 2017. In