List of Services Records to be checked by GST Officer
List of Services Records to be checked by GST Officer Refer GST Audit Manual 2019 : by CBIC : Download
Monthly Archives: July 2019
100% Penalty if amount exceeding Rs 2 Lakh paid in cash
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 »
GST Counci made Committee of Officer (CoO) for a Special Composition Scheme
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
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
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.
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 »
Penalty Increased for Misquoting of Aadhaar or PAN number from 01.09.2019 :Section 272B income tax
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
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 »
Section 271DB Income Tax Act : Penalty for failure to comply with provisions of section 269S
Section 271DB Income Tax Act Clause 62 of Finance Bill 2019 62. After section 271DA of the Income-tax Act, the following section shall be inserted with effect from the 1st day of November, 2019, namely:— Penalty for failure to comply with provisions of section 269S “271DB.(1) If a person who is required to provide facility… Read More »
Two Annual Returns for GST Composition Taxpayer
Two Annual Returns for GST Composition Taxpayer Related Post New Return for GST Composition Scheme Notified on 28.06.2019 : GSTR 4 Compulsory Withdrawal from GST Composition Scheme GST CMP 8 : Tax Payment for self Assessed Tax : Commentary GST Composition & 6% GST Scheme Changed : GSTR 4 to be filed annually [Video] New… Read More »