Goods can not be detained for undervaluation of the goods : GST Circular OFFICE OF THE COMMISSIONER OF STATE GOODS AND SERVICES TAX DEPARTMENT, GOVERNMENT OF KERALA, TAX TOWERS, THIRUVANANTHAPURAM Circular No.6/2022 No. CT/6379/2021-SHQ(I)UNIT1 Dated 06/04/2022 Sub: Kerala State Goods & Services Tax Act, 2017 – detention of goods in the course of transportation on… Read More »
Tax Revenues in 2021-22 exceed the Union Budget estimates by ₹5 lakh crore Posted On: 08 APR 2022 The tax revenue in the Union Budget for 2021-22 was estimated at ₹22.17 lakh crore against the revised estimates of ₹19 lakh crore, with a growth of 17%. The Union Budget was presented on 1st February, 2021 when… Read More »
Updated ITR Updated ITR provisions in Income Tax inserted by Finance Act 2022. It shall come in to effect from 01.04.2022 Commentary on updated ITR Original ITR, Belated ITR (afterDue date) and Revised ITR can be filed within specifie time only. If the taxpayer could not file these returns on time , he can file… Read More »
Finance Act 2022 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 30th March, 2022 / Chaitra 9, 1944 (Saka) The following Act of Parliament received the assent of the President on the 30th March, 2022 and is hereby published for general information:— THE FINANCE ACT, 2022 No. 6 OF 2022 [30th March, 2022.]… Read More »
Faceless Jurisdiction of Income tax Authorities Scheme 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 28th March, 2022 S.O. 1400(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 130 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the… Read More »