Cash Sales Limit in Income Tax & GST I CA Satbir Singh
Cash Sales Limit in Income Tax & GST I CA Satbir Singh
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Direct Tax collections for Financial Year 2020-21 show growth of almost 5%
Ministry of Finance Provisional Direct Tax collections for the Financial Year 2020-21 show growth of almost 5% Net Direct Tax collections represent 104.46% of the Revised Estimates of Rs. 9.05 lakh crore of Direct Taxes for the F.Y. 2020-21 Advance Tax collections for F.Y. 2020-21 stand at Rs. 4.95 lakh crore which shows a growth… Read More »
Copyright (Amendment) Rules, 2021 notified;
Ministry of Commerce & Industry Copyright (Amendment) Rules, 2021 notified; Amendments will bring the existing rules in parity with other relevant legislations; New rules will encourage accountability and transparency Posted On: 08 APR 2021 3:53PM by PIB Delhi The Government of India has notified Copyright (Amendment) Rules, 2021 vide Gazette notification under reference G.S.R. 225(E)… Read More »
Reverse Charge Mechanism under GST (2021 edition) Book by CA Satbir Singh
Reverse Charge Mechanism under GST (2021 edition) – 1 January 2021 by CA. SATBIR SINGH Price Rs 699 Click here to buy online Publisher : Bharat Law House Pvt. Ltd. (1 January 2021) Language : English About Reverse Charge Mechanism under GST Part I Chapter 1 RCM under GST: Past to Present Chapter 2 Registration under RCM Chapter 3 Time of Supply… Read More »
Embargo lifted on grant of Government Business to Private Banks
Ministry of Finance Embargo lifted on grant of Government Business to Private Banks Posted On: 24 FEB 2021 The Government has lifted the embargo on private sector banks (only a few were permitted earlier) for the conduct of Government-related banking transactions such as taxes and other revenue payment facilities, pension payments, small savings schemes, etc.… Read More »
CBIC New Instructions for Search in GST
CBIC has issued guidelines regarding the procedures to be followed during search operation. These guidelines must be adhered to while carrying search proceedings and must be followed in addition to earlier instructions Instructions No 1/2020-21 GST Investigations Download Click here
New Rule 86B of CGST Rules 2017 :Restrictions on use of amount available in electronic credit ledger
Restrictions on use of amount available in electronic credit ledger Notification No. 94 /2020 – Central Tax : CGST (Fourteenth Amendment) Rules, 2020. inserted Rules 86B of CGST Rules 2017 In the said rules, after rule 86A, with effect from the 1st day of January, 2021, the following rule shall be inserted, namely: – “86B.… Read More »
How to use Java based software utility on Income Tax Website
how to use Java based software utility Download Click here
GST Council’s Law Committee meeting on 18th Nov 2020
An urgent meeting of GST Council’s Law Committee has been called on November 18 , 2020 to discuss the issue of fake invoice frauds, tightening of the GST registration process & more intense legal measures to control fake invoicing.
Income Tax Department conducts searches in Bihar unearthing unaccounted money of Rs 75 Crore
Income Tax Department conducts searches in Bihar Posted On: 30 OCT 2020 The Income Tax Department has carried out searches on 29.10.2020 in the cases of four prominent contractor groups based in Patna, Bhagalpur, Hilsa, and Katihar. In addition, surveys have been conducted on some traders of mined rocks in Gaya. All the four groups… Read More »