Fees of Rs. 2,000 for filing appeal against penalty order under Benami Act

By | December 2, 2019

Govt. prescribes fees of Rs. 2,000 for filing appeal against penalty order under Benami Act The Central Government has notified the Prohibition of Benami Property Transactions (1st Amendment), Rules, 2019 to prescribe fees of Rs. 2,000 for filing appeal against penalty order under the Prohibition of Benami Property Transactions Act, 1988. MINISTRY OF FINANCE (Department… Read More »

Income Tax Department conducts searches in NCR

By | December 2, 2019

Ministry of Finance Income Tax Department conducts searches in NCR Posted On: 02 DEC 2019 The Income Tax Department conducted a search and survey action on a group having interest in infrastructure, mining and real estate. More than 25 premises were covered in NCR. Search action led to recovery of unaccounted assets and incriminating documents.… Read More »

Tips for uploading GST refund application

By | November 29, 2019

Tips for Scanning Documents and Reducing File Size for uploading supporting documents with the refund application Taxpayers are expected to upload the supporting documents while filing their refund application (Form GST RFD-01). The GST Common Portal allows taxpayers to upload 4 documents up to 5 MB each (total 20 MB). What is a document? The… Read More »

Category: GST

FAQs on UDIN by ICAI : Free Book

By | November 28, 2019

FAQs on UDIN by ICAI UDIN is one of the landmark reforms and ICAI is the pioneer in the world to conceptualize the concept of UDIN. As per the decision of the Council taken at its 379th Meeting held on 17th -18th December, 2018, UDIN was made compulsory for all practicing Chartered Accountants in phased… Read More »

Category: GST

Background material on GST 26 Nov 2019

By | November 28, 2019

Background material on GST – (26 Nov 2019 A remarkable feature of GST implementation is that India’s 31 States came together with the Centre to form a unique federal body called GST Council which took all the decisions relating to polices and their implementation unanimously without any voting, in the spirit of cooperative federalism. The… Read More »

Category: GST