GSTR-4 Form GSTR-4 (Annual Return) is a yearly return to be filed by taxpayers opting for composition scheme on an annual basis. Unlike a normal taxpayer who needs to furnish three monthly returns, a dealer opting for the composition scheme is required to furnish only
Difference Between Director & Additional Director Director As per Section 2 (34) of the Act prescribed that “director” means a director appointed to the Board of a company. As a company is formed by its members who are the actual owners of the company
Interest on delayed payment of GST: CBIC The Central Board of Indirect Taxes & Customs (CBIC) today clarified that the Notification No. 63/2020- Central Tax dated 25th August 2020 relating to interest on delayed payment of GST has been issued prospectively due to certain technical
Notification No. 63/2020 – 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. 63/2020 – Central Tax New
W.P.(C) NO.13190 OF 2020 Case Covered: Prasanna Kumar Bisoi Versus Union of India Order: 21.08.2020 BP Heard learned counsel for the petitioner and Mr.T.K.Satpathy, learned counsel for Central Excise. 2. The grievance of the petitioner in this Writ Petition is that he is registered under
जीएसटी ब्याज का प्रावधान – एक गंभीर विषय जीएसटी की एक और विवादास्पद अधिसूचना जारी जीएसटी की एक और विवादास्पद अधिसूचना संख्या 63 /2020 दिनांक 25 अगस्त 2020 जारी की है जिसके अनुसार जीएसटी में नेट टैक्स पर ब्याज लगाने का प्रावधान अब 1 सितम्बर
Circular No. 38/2020-Customs To, All Chief Commissioners of Customs/Customs (Prev.) All Chief Commissioners of GST All Chief Commissioners of GST and Customs All Directors General under CBIC Sir/Madam, Subject: Guidelines regarding implementation of section 28DA of the Customs Act, 1962 and CAROTAR, 2020 in respect
Interest on Net Tax Liability – Prospective or Retrospective? Interest provisions and Brief History ➢ Interest is on failure to pay the tax within the prescribed period ➢ Section 49 – payment may be through cash/credit ledger ➢ Megha Engineering (Telegana High Court) Allowed to
GST interest to be levied on the net After a long journey of confusion. It is clarified that the charge of GST interest is on net liability. Notification no. 63/2020 issued in this regard. But in that notification, the date to notify the proviso to
APPELLANT: DCIT Central Circle 2 (2), Bengaluru RESPONDENT : M/s Cornerstone Property Investment (P) Ltd. FACTS OF THE CASE: Appeal has been filed by the revenue against the order to CIT(A) for the following two issues: Whether on facts and in law, the CIT(A) was
