New Penalty for False Entries in Books of Accounts I CA Satbir Singh
New Penalty for False Entries in Books of Accounts I CA Satbir Singh
Category Archives: GST
One held by CGST Delhi officials for fraudulently passing on fake ITC of Rs 14.30 crore
Ministry of Finance One held by CGST Delhi officials for fraudulently passing on fake ITC of Rs 14.30 crore Posted On: 15 JAN 2021 In the ongoing campaign against fake/bogus invoices and resultant availment of inadmissible ITC, officers of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have detected a case of issue of… Read More »
GST Reconciliation Checklist for Accounts Finalization I CA Satbir Singh
GST Reconciliation Checklist for Accounts Finalization I CA Satbir Singh
18% GST on Notice Pay Recovery : Gujarat Authority of Advance Ruling
18% GST on Notice Pay Recovery Where employee failed to serve the notice period after tendering the resignation, and as per contract (Appointment Letter) condition, company entitled to recover the notice pay from the agreed portion of salary to compensate the loss to the company, the Gujarat AAR held that the employer would be liable… Read More »
GSTR 3B Due date in January 2021 for December 2020 I CA Satbir Singh
GSTR 3B Due date in January 2021 for December 2020 I CA Satbir Singh Due dates for filing of Form GSTR-3B for the Tax Period of December, 2020 13/01/2021 1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 10th Nov., 2020, has inserted sub rule 6… Read More »
Notification No 02/2021 – Central Tax : Commissioner Appeal for Delhi and Mumbai in GST
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ) NOTIFICATION New Delhi, the12th January, 2021 No. 02/2021 – Central Tax G.S.R. 18(E).—In exercise of the powers conferred under section 3 read with section 5 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and section 3 of… Read More »
CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed Assets
Ministry of Finance CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed Assets Posted On: 12 JAN 2021 Taking another step towards e-governance and encouraging participation of citizen as stakeholders in curbing tax evasion, the Central Board of Direct Taxes has launched an automated dedicated e-portal on the e-filing website of the Department… Read More »
GST Tax Invoice HSN Code made compulsory for Goods and Services I CA Satbir singh
GST Tax Invoice HSN Code made compulsory for Goods and Services I CA Satbir singh
11th Instalment of Rs.6,000 crore released to the States for GST compensation shortfall
Ministry of Finance 11th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall A total amount of Rs.66,000 crore released so far to all States and UTs with legislation This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States Posted… Read More »
Auto-population of e-invoice details into GSTR-1
Auto-population of e-invoice details into GSTR-1 11/01/2021 From 1-10-2020, certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). From 1-1-2021, the taxpayers with aggregate turnover above Rs. 100 Cr. had also started reporting invoices to IRP. Details from the reported e-invoices are being auto-populated in… Read More »