TAX ON PRESUMPTIVE BASIS IN CASE OF CERTAIN ELIGIBLE BUSINESSES OR PROFESSIONS [As amended by Finance Act, 2019] This Article discusses about Meaning of presumptive taxation scheme, Presumptive Taxation Scheme of Section 44AD, Section 44ADA, Section 44AE of Income Tax Act , For whom the presumptive taxation scheme of is designed?, Businesses not covered under… Read More »
Fees & Penalty for Delay/ Non filing of TDS Return [As amended by Finance Act, 2019] No filing or Late filing of TDS returns or TDS statement under Income Tax Act shall be liable for 2 penal consequence 1.Fee for late filing U/s 234E and 2. Penalty for late filing or Non filing of TDS… Read More »
INTEREST FOR DELAY IN PAYMENT OF TDS/TCS AND FOR NON-PAYMENT OF TAX DEMANDED [As amended by Finance Act, 2019] Introduction A person is liable to pay interest for various delays/defaults like interest under section 234A for delay in filing the return of income, interest under section 234B for default in payment of advance tax, interest… Read More »
Since offence under Section 132 is made out and Senior Officials of Company are behind bars, Petitioner being Managing Director is responsible and Department has the right to proceed under Section 69 and 70 of the Act. HIGH COURT OF RAJASTHAN Bharat Raj Punj v. Commissioner of Central Goods & Service Tax Department, Jaipur PANKAJ… Read More »
GST Composition & 6% GST Scheme Changed : GSTR 4 to be filed annually टैक्स भरना आसान हुआ Related Post New 6% GST Composition Scheme from 1.4 2019 Unregistered Purchases : RCM Applicable from 01.04.2019 on New GST Scheme
Order No. 5/2019-GST Dated 23rd April, 2019 Seeks to extend the time limit for filing an application for revocation of cancellation of registration for specified taxpayers. [ Refer Also Circular No 99/18/2019 GST Dated 23rd April 2019 Seeks to clarify the extension in time under sub-section (1) of section 30 of the Act to provide… Read More »
Circular No 99/18/2019 GST Circular No 99/18/2019 GST Dated 23rd April 2019 Seeks to clarify the extension in time under sub-section (1) of section 30 of the Act to provide a one time opportunity to apply for revocation of cancellation of registration on or before the 22nd July, 2019 for the specified class of persons… Read More »
Circular No 98/18/2019 : GST Circular No 98/18/2019 : GST Dated 23rd April 2019 Seeks to clarify the manner of utilization of input tax credit post insertion of the rule 88A of the CGST Rules.
Notification No 21/2019 Central Tax Notification No 21/2019 Central Tax Dated 23rd April, 2019 Seeks to notify procedure for quarterly tax payment and annual filing of return for taxpayers availing the benefit of Notification No. 02/2019– Central Tax (Rate), dated the 7th March, 2019 Amended by Notification No. 34/2019 – Central Tax [F. No. 20/06/16/2018-GST],… Read More »
Notification No 20/2019 Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and CustomsNotification No 20/2019 Central Tax New Delhi, the 23rd April, 2019 Seeks to make Third amendment, 2019 to the CGST Rules. G.S.R……(E). –… Read More »