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Transactions relating to the tax period April 2020 to March 2021 may be rectified while filing returns for September 2021 (Due date for filing GSTR… Read More »Action to be taken on or before filing returns for Sept 2021
Restriction in filing of GST-1 when 3B has not furnished for proceeding two month and Automatic restore facility (GSTR-1 filing) upon compliance (GST3B) has been… Read More »Implementation of Rule-59(6) on GST Portal
Remission of Duties and Taxes on Exported Products Scheme (RoDTEP) S. No. Heading Relevant Provision 1 Notification Number and issuance Date Notification No. 19/2015-20 dated… Read More »Analysis of RoDTEP Scheme (Remission of Duties and Taxes on Exported Products Scheme)
BY: CA MANU KATARE Meaning of Liquidated Damages: Liquidated Damages a nomenclature used very commonly in construction industry, engineering, procurement and commissioning (EPC) contracts to… Read More »GST on Liquidated Damages:
BY: CA MANU KATARE New Income Tax Portal 2.0 has been a hot topic of discussion since it went live on 7th June, 2021. Taxpayers… Read More »RTI (Right to Information) Revelation on New Income Tax Portal 2.0
FACELESS ASSESSMENT (INCOME TAX ACT,1961 SECTION 144B)
Overview Due to advent of e-commerce and IoT, the businesses have less of physical trace and therefore its easy for organisation of developed world which… Read More »NEUTRALIZING BASE EROSION AND PROFIT SHIFTING BY MULTINATIONAL AND TECH COMPANIES
TDS at a higher rate on non-filer of Income Tax return (Section 206AB of Income Tax Act, 1961) Background: Section 206AA of the Act provides… Read More »TDS at a higher rate on non-filer of Income Tax return (Section 206AB of Income Tax Act, 1961)
Penalty provisions to curb fraudulent transactions under Income Tax and GST
