Daily Archives: September 1, 2021

GST Revenue collection for August 2021 Rs 1,12,020 crore

By | September 1, 2021

GST Revenue collection for August 2021 ₹ 1,12,020 crore of gross GST revenue collected in August Posted On: 01 SEP 2021 The gross GST revenue collected in the month of August 2021 is ₹ 1,12,020 crore of which CGST is ₹ 20,522 crore, SGST is ₹ 26,605 crore, IGST is ₹ 56,247 crore (including ₹ 26,884 crore collected on import of… Read More »

Category: GST

Bail to taxpayer denied by High Court who claimed refund of GST based on bogus ITC

By | September 1, 2021

HIGH COURT OF PUNJAB AND HARYANA Rakesh Arora v. State of Punjab AVNEESH JHINGAN, J. CRM-M- 1511 OF 2021 JANUARY  28, 2021 Ashok Aggarwal, Sr. Adv. and Priyadarshi Manish, Adv. for the Petitioner. Gaurav Garg Dhuriwala, Sr. Dy. Adv. General and Sourabh Goel, Sr. Panel Counsel for the Respondent. ORDER 1. The matter is taken up for hearing through video conference… Read More »

USA IRS : Taxpayers can find answers to questions about payments and penalties on IRS.gov

By | September 1, 2021

Taxpayers can find answers to questions about payments and penalties on IRS.gov Taxpayers can find answers to most questions about tax payments and penalties on IRS.gov. The Let Us Help You page, features links to information and resources on a wide range of topics related to penalties and payments. Payments Payment options • This page lays out… Read More »

PF Interest Taxability Rules : Income-tax (25thAmendment) Rules, 2021 : Notification No. 95/2021 Income Tax

By | September 1, 2021

PF Interest Taxability Rules MINISTRY OF FINANCE(Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31stAugust, 2021 INCOME-TAXG.S.R. 604(E). —In exercise of the powers conferred by the first proviso to clause (11) of section 10 and the first proviso to clause (12) of section 10 read with section 295 of the Income-tax… Read More »

How to Comply GST Audit Notice ADT 1

By | September 1, 2021

General 1. What is Audit? What documents are checked during the Audit process? Audit is verification of the original records, returns and other documents kept with the taxpayer at the business premises (including all Additional Place of business) and correlating them with the information furnished by the taxpayer on the GST Portal in his/her returns/statements… Read More »

Category: GST