Constitution of Committee of Officer (CoO) on risk-based management of taxpayer under GST regime F.NO 341/profiling of taxpayers/GSTC/2019 Dated 15.07.2019 Download Click here
QUESTIONNARE FOR REVIEW OF INTERNAL CONTROL SYSTEM AND WALK THROUGH. PURCHASES – INWARD SUPPLIES 1. Whether all purchases are centralised or de-centralised. If all purchases are authorised by few key persons like owner or Managing Director etc, it may require in-depth study of purchases. 2. Whether all the purchases are made only by issue of… Read More »
List of Services Records to be checked by GST Officer Refer GST Audit Manual 2019 : by CBIC : Download
Ministry of Finance Payments through Debit Cards Posted On: 15 JUL 2019 6:15PM by PIB Delhi As per Reserve Bank of India (RBI), the limit for purchase of goods and services through a card are decided by the card-issuer bank. As apprised by Public Sector Banks (PSBs), the maximum limit of making payment through debit… Read More »
Constitution of Committee of Officer (CoO) for a Special Composition Scheme Special Composition scheme for Brick Kilns ,Menthol,Sand Mining activity and stone crushing units may be devised . Download Click here
Corrigendum to Circular No. 102/21/2019-GST CBEC/20/16/4/2018-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 15th July, 2019 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject:… Read More »
List of Records to be checked by GST Officer यह रिकॉर्ड चैक करेगा GST अफसर Also refer GST Audit Manual 2019 : by CBIC : Download
Section 269SU Income Tax : Acceptance of payment through prescribed electronic modes. Clause 59 of Finance Bill 2019 59. After section 269ST of the Income-tax Act, the following section shall be inserted with effect from the 1st day of November, 2019, namely:— Acceptance of payment through prescribed electronic modes. “269SU. Every person, carrying on business,… Read More »
Section 272B after Amendment by Finance Bill 2019 w.e.f 01.09.2019 Penalty for failure to comply with the provisions of section 139A. 272B. (1) If a person fails to comply with the provisions of section 139A, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of ten thousand rupees. (2) If a… Read More »
Delay in Filing of TDS due to sudden Resignation of Accountant is ‘Sufficient Cause’: ITAT Sudip Roy Chowdhury vs. JCIT, TDS Case No. – 1890/Kol/2018 Date – 12.06.2019 Fact of the Case In the present case the assessee is the sole proprietor of a partnership firm. The income tax department has initiated proceedings… Read More »