Management Representation Letter Download Management Representation Letter Format Suggested format of letter of management representation to be obtained from the client in respect of each registered person separately viz., State wise / GSTIN wise (suitable modifications may be made as required)** Dear Sir, Sub: Letter of Management Representation – GST Audit for the financial year… Read More »
Why to get filed GST Annual Return (GSTR 9) before GST Audit (GSTR 9C) Press Release 7 th December, 2018 Extension of due date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C for FY 2017-18 FORM GSTR-9 and FORM GSTR-9A have been notified vide notification No. 39/2018-Central Tax, dated 04.09.2018 while FORM GSTR-9C… Read More »
F. No . 279/Misc/M-93/2018-ITJ Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes Judicial Section New Delhi, 11th December 2018 To All Pr. Chief Commissioners of Income tax Madam/Sir, Sub:- Clarification w.r.t para 10 of Circular 3 of 2018 -Reg. Instructions were issued vide CBDT Circular No. 3 of 2018 dated 11.07.2018,… Read More »
PROSECUTIONS AND PUNISHMENT UNDER THE INCOME-TAX LAW [As amended by Finance Act, 2018] Apart from penalty for various defaults, the Income-tax Act also contains provisions for launching prosecution proceedings against the taxpayers for various offences. In this part you can gain knowledge about the various provisions relating to prosecution which can be launched under the… Read More »
e-Proceeding – Plan for Paperless Proceeding The process of managing the ITD-related proceedings electronically is known as e-proceedings. In place of handling the proceedings manually, user can manage their proceedings online through assigned Income Tax Officer (ITO). With an assigned ITO, assessee can communicate online to reduce visits in IT office for regular issues. The… Read More »
Tax deducted at source from interest other than interest on securities (Section-194A), from fees for professional services/technical services/royalty (Section-194J) and from interest on securities (section 193) [As amended by Finance Act, 2018] For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the point of generation… Read More »
TDS Rates for AY 2019-20 (FY 2018-19) [ TDS Rates for AY 2019-20 (FY 2018-19) As amended by Finance Act, 2018 / Rates for tax deduction at source ] [For Assessment year 2019-20] Particulars TDS Rates (in %) 1. In the case of a person other than a company 1.1 where the person is resident in… Read More »
MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 6th December, 2018 G.S.R. 1182(E).—In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme, further to amend the Employees’… Read More »
HIGH COURT OF ALLAHABAD Kashi Bartan Bhandar v. State of U.P. PANKAJ MITHAL AND ASHOK KUMAR, JJ. WRIT TAX NO. 913 OF 2018 OCTOBER 31, 2018 Pooja Talwal for the Petitioner. Anant Kumar Tiwari for the Respondent. ORDER 1. Heard Ms. Pooja Talwar, learned counsel for the petitioner and Sri C.B. Tripathi, Special Counsel appearing for the Assistant Commissioner, Commercial Tax,… Read More »
Note on ‘Financial Year’ in GSTR-9 and GSTR-9C I. Introduction Annual Return in FORM GSTR-9 and Reconciliation Statement in FORM GSTR-9C requires a registered person to disclose the Financial Year for which the said Forms are being filed. The concept of Financial Year although integral to Goods and Services Tax has not been defined under… Read More »