Daily Archives: March 14, 2019

CIT (E-verification) is subordinate to Principal Director General of Income-tax (Systems) :Notification No. 21/2019

By | March 14, 2019

NOTIFICATION New Delhi, the 13th March, 2019 (INCOME-TAX) S.O. 1362(E).—In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that the Commissioner of Income-tax (e-Verification) shall be subordinate to the Principal Director General of Income-tax (Systems). 2. This notification shall… Read More »

New Provision for Recovery of Tax under GST from 01.02.2019

By | March 14, 2019

New Provision for Recovery of Tax under GST : जीएसटी डिफॉल्ट की वसूली Recovery of Tax under GST from distinct persons registered in different States w.e.f 01.02.2019 Section 79 of CGST Act 2017:  Recovery of tax. : Amended by CGST Amendment Act 2018 w.e.f 01.02.2019 to enable recovery to be made from distinct persons registered in different… Read More »

How to Reverse Incorrect Input Tax Credit ?

By | March 14, 2019

We have taken incorrect Input Tax Credit in the month of April 18. Now on our own we have identified the same. 1. How should we pay it – Through ITC reversal in GSTR 3B or by filing DRC 03? 2. Is is mandatory to file DRC 03 only for voluntary payment? 3. If we… Read More »