Take note of following Precautions while filing ITR-7 Some of the claims made under sections 11 may are being disallowed during processing for reasons and in certain cases, the same may be rectifiable by suitable corrections in the data reported in ITR-7. Claiming exemption under
The outcome of the new form DIR 3 KYC There is so much confusion regarding the filling the Form DIR 3 KYC. So, let’s discuss Form DIR 3 KYC step by step: 1. Presently it is applicable only for active DIN. 2. For deactivated DIN
Practical issues in Exports and Inverted Duty Refund In this Ppt, we will discuss the Export and inverted Duty refund to be claimed by the taxpayer from the government. Even after two Refund fortnights, there are still so many refund applications are Stuck in the
What is the frequency for filing Form GST ITC-03? The registered person can file ‘Form GST ITC-03’ only once in a financial year for opting for composition scheme. For reversal/payment of tax in case of exemption of supplies. It can be filed multiple times, as
What is Form GST ITC 03? Following taxpayers need to fill Form GST ITC 03. who opt for composition scheme or where goods or services or both supplied by taxpayer becomes wholly exempt or his registration is canceled u/s 29(2) of CGST Act. In all
CBIC to observe Third Refund Fortnight, to clear pending refunds PRESS RELEASE CBIC to observe Third Refund Fortnight, to clear pending refunds Refunds of GST have been a concern for the Government and Trade for the past several months. In this regard, the CBIC has observed two
Notification No. 52/2018-Customs GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 52/2018-Customs New Delhi, the 14th July 2018 G.S.R……. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12)
Ppt on Valuation under GST by CA Archana Jain This ppt explains the Valuation under GST, explains all Provisions of GST Act and rule issued thereafter. This PPT is prepared by CA Archana Jain, a thought leader on the subject. “Value of taxable supply” is significant
When is the filing of Form GST ITC-03 needed for a taxpayer? In following conditions taxpayer must file Form GST ITC-03: The taxpayer has opted for composition scheme or goods or services or both supplied. By a taxpayer becomes wholly exempt or taxpayer whose registration
Representation-Inverted Duty Structure Representation on issues faced by Lime Industry due to services being excluded from the purview of Net ITC for the purpose of Refund on account of Inverted Duty Structure At the outset, we would like to congratulate on the successful implementation of
