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GST ComplianceGstr 2a Vs Gstr 2b – Detailed Comparison of Gstr-2a with Gstr-2b
Introduction There’s a new (static) monthly statement out, known as the ‘GSTR-2B’. Launched back in August this year, effective from 12th September, this is designed for regular users (taxpayers). This is on the common portal without any import data & inward supplies from SEZ units
Income Tax CompliancePDF of Finance Act 2021 Passed by the Parliament
New in – Two sections of the Finance Act 2021 are notified from 1st August 2021. Section 110 and 111 of FA 2021 are notified by CBIC. These two sections belong to GST. It contains the removal of section 35(5) of the CGST Act and
GST ComplianceGSTR 9 and 9C –FY 2020-21
Registered Persons having “Aggregate Turnover” up to Rs. 2 Crore are exempted from filing of Annual Return- Notification No. 31/2021 – Central Tax dated 30th July 2021 Registered Persons having “Aggregate Turnover” above Rs. 2 Crore required to file Annual Return (GSTR 9) with
GST LitigationProtection of Life and Personal Liberty- Article 21 of the Constitution
• 2017 (8) TMI 938 – Supreme Court in Justice K.S. Puttaswamy (Retd.), and Another Versus Union Of India And Others • Right to life and personal liberty under Article 21, privacy is not an absolute right. • Privacy has both positive and negative
GST ComplianceNotification No. 30/2021 – Central Tax
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 30/2021 – Central Tax New Delhi, the 30th July 2021 G.S.R……(E).- In
GST ComplianceNotification No. 31/2021 – Central Tax
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 31/2021 – Central Tax New Delhi, the 30th July 2021 G.S.R……(E).— In
GST ComplianceTwo major amendments in GST audit -Notification No. 29/2021 – Central Tax
This notification has notified two important sections of FA 2021. Section 110 and 111 of FA 2021 are applicable from 1st August 2021. Section 110 of Finance Act 2021 omitted section 35(5) of the CGST Act. This section was about the GST audit. From now
GST LitigationJurisprudence on Writ Petition involving Mixed Question of Law and Fact
2021 (7) TMI 1161 – Madras High Court in Maya Appliances Pvt. Ltd. versus The Assistant Commissioner, The Commissioner of GST and Central Excise, Union of India Writ Petition entertained by one court cannot be the reason to admit writ petition in other courts
Introduction to Power BI
Business Intelligence Business Intelligence (BI) is a process of analyzing data through technology and presenting it to the end-user(s) which helps them to make an informed decision. With the use of historical and current data, a BI tool serves predictive view. Usually, a BI tool
GST LitigationProvisional Attachment of Immovable Property to continue even appeal is filed, however bank account attachment shall cease
2021 (7) TMI 998 – Gujarat High Court in M/S Sushant Steel Through Proprietor Vinod Kumar Nagina Gupta Versus State Of Gujarat Facts Department has attached the movable and immovable properties to the tune of ₹ 75,48,541/-, which include the attachment of two bank accounts
GST LitigationProvisional Attachment of Credit Ledger on account of Nonexistence of Supplier at their Registered Address
2021 (7) TMI 1057 – Allahabad High Court in M/S. RM Dairy Products Llp Versus State Of Up And 3 Ors. Facts Petitioner has availed the credit of the input tax on the Invoices issued by M/s Darsh Dairy and Food Products Allegation of
GST ComplianceGST on Liquidated Damages – A Complete Detail
Damages means,” reparation for the aggrieved person in money terms in lieu of suffering loss or injury”. Liquidated means,” to sell something in order to get cash”. Liquidated Damages,” are the damages in the monetary form which are received by the aggrieved party from the