DATES EXTENDED I NEW CHANGE IN GST FROM 1.10.2022 I NOTIFICATIONS CA Satbir Singh Rule – 69 Matching of claim of input tax credit Rule – 70 Final acceptance of input tax credit and communication thereof. Rule – 71 Communication and rectification of discrepancy in claim of input tax credit and reversal… Read More »
Notification No. 18/2022–Central Tax MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 28th September, 2022 No. 18/2022–Central Tax S.O. 4569(E).—In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Finance Act, 2022 (6 of 2022), the Central Government hereby… Read More »
Notification No 19/2022 Central Tax MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 28th September, 2022 No. 19/2022–Central Tax G.S.R. 734(E).—In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the… Read More »
NEW UPDATE FOR TAX AUDIT & ITR FILING I INCOME TAX I CA Satbir Singh
Time period to file appeal in GST would start only when order is uploaded on GST portal : High Court Time period to file appeal would start only when order was uploaded on GST portal even if physical copy of adjudication order was handed over to petitioner earlier Download Click here
TAX AUDIT DATE EXTENSION AY 2022-23 I INCOME TAX UPDATEI CA SATBIR SINGH
TAX ON CASH DEPOSIT IN SAVING BANK ACCOUNT I INCOME TAX I CA SATBIR SINGH Where assessee did not let any evidence to establish that nature of her activities were falling within realm of business and impugned cash deposits in her saving account were part and parcel of her turnover, such cash deposits were rightly… Read More »
Direct Taxes Committee The Institute of Chartered Accountants of India 12th September, 2022 Tax Audit Clinic Dear Professional Colleagues, As you are aware that the Direct Taxes Committee of the ICAI has been proactive in disseminating the knowledge and sharpening the skills of members in the field of Direct Taxes for the benefit of members.… Read More »
NEW RULES for SAVING BANK ACCOUNT I NEW RESTRICTIONS i CA SATBIR SINGH Master Directions on Interest Rate on Deposits RBI/2022-2023/117 DOR.SOG (SPE).REC.No 68/13.03.00/2022-23 September 16, 2022 All Scheduled Commercial Banks (including Regional Rural Banks) All Small Finance Banks All Payment Banks All Local Area Banks All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks… Read More »
Order Passed in GST without Granting First adjournment is invalid : High Court Passing of assessment order followed by rectification order without granting first adjournment sought for filing reply was in violation of principles of natural justice; High Court quashes orders and directs fresh consideration Download Judgment Click here