Table of Contents Input Tax Credit Reversal on Discount ReceivedDISCOUNT RECEIVED- ITC REVERSAL?Circular No. 877/15/2008-CX., dated 17-11-2008Circular No. 122/3/2010-S.T., dated 30-4-2010Judicial PronouncementIF SPECIFIC PROVISION FOR THE REVERSAL OF ITC ON GOODS SOLD AT PRICE LESS THAN PURCHASE PRICEDISCOUNTS GIVEN WITH OBLIGATION TO PASS ON THE
Do Companies Act, 2013, and Rules Empower The ROC to De-activate “DIN” of Any Director Which was Allotted Under Section 154 of The Companies Act, 2013 ?. In this article, an attempt has been made whether the ROC has power and jurisdiction to de-activate the
GSTR 2A Reconciliation Tool The wrong availment of ITC is illegal and could attract both heavy interest and penalty. It is always suggested to reconcile your GSTR 2A with your books as often as possible. There is no Excel tool in the market to reconcile
The Prohibition of Benami Transactions Act, 1988 1. Section 3 of the Prohibition of Benami Property Transactions Act, 1988 states that “no person shall enter into any benami transaction.” 2. What is a Benami transaction? According to section 2(9), “benami transaction” means – (A) a
PMT 09 effective from 21-4-2020 The forms to shift the tax deposited in one head to other is made effective. PMT 09 effective from 21-4-2020. The day when it was made effective on the portal. You can shift wrongly paid tax using it. Remember if
Revised Dates of Various Compliances or Payments under Income Tax Act Sr. No. Return/ Payment date Earlier Date Revised Date 1 Last date of Return filing for FY 2018-19 31st March 2020 30th June 2020 2 Investment/ Payments to claim Deduction for FY 2019-20 31st
Subject: Compliance of DGS Order No. 11 of 2020 dated 22.04.2020-reg. As you are aware, the Ministry of Home Affairs vides its Order No. 40-3/2020-DM-I(A) dated 14th April 2020 ordered that the lockdown measures put in place vide its Order dated 24.03.2020 read with its
The Chief Executives of all Public Sector Banks Madam/Dear Sir, Statutory Branch Audit of Public Sector Banks (PSBs) FY 2019-20 – Revision in guidelines on account of COVID-19 In view of the difficulties expressed by certain banks in the matter of conducting Statutory Branch Audit
Instruction To All Principal Chief Commissioner/ Chief Commissioner (Customs, CGST & Central Tax) All Principal Commissioner/ Commissioner (Customs, CGST & Central Tax) Pr. ADG/ ADG DRI (Adjn) All Commissioner (Appeals) (Customs, CGST & Central Tax) Subject: Guidelines for the conduct of personal hearings in the virtual
Table of Contents Circular No. 10/2020Copy to:Download the copy: Circular No. 10/2020 F. No. 37014219/20 18-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division New Delhi, dated 24th April 2020 Order under section 119 of the Income-tax
