Face-to-face IRS help available in more than 30 cities on Saturday, March 12 WASHINGTON – The Internal Revenue Service today announced that many Taxpayer Assistance Centers (TACs) will offer face-to-face Saturday help without an appointment from 9 a.m. to 4 p.m. on Saturday, March 12. Normally TACs are only open weekdays. “Being open on select Saturdays is… Read More »
When to use Forms 1099-MISC and NEC Video Watch the new video, When to use Forms 1099-MISC and NEC, to know when to use Form 1099-MISC, Miscellaneous Information and Form 1099-NEC, Nonemployee Compensation. The video covers the 2021 updates to both forms.
Auto-population of e-invoice details into GSTR-1 03/03/2022 Generation of e-invoice is mandatory for certain class of taxpayers, as notified by the Government. These taxpayers are required to prepare & issue their e-invoices by reporting their invoice data in the prescribed format (e-invoice schema in FORM GST INV-01) and reporting the same on the Invoice Registration Portal… Read More »
No Penalty even if E-Way Bill Expired : High Court Calcutta High Court Ashok Kumar Sureka Vs Assistant Commissioner WPA No. 11085 of 2021 01/03/2022 Heard learned advocates appearing for the parties. In this writ petition, petitioner has challenged the impugned order of the appellate Commissioner dated March 18, 2021 confirming the original order dated… Read More »
No Prosecution if two PAN numbers allotted to assessee HIGH COURT OF MADRAS Sudhir Kumar Hasija v. Assistant Commissioner of Income-tax N. SATHISH KUMAR, J. CRL. O.P. NO. 27922 OF 2017 CRL. M.P. NOS. 15886 AND 15887 OF 2017 DECEMBER 14, 2021 S. Santosh for the Petitioner. N. Bhaskaran, Special Public Prosecutor for the Respondent. ORDER 1. This petition… Read More »
IRS update regarding recent electronic filing challenges in connection with Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations WASHINGTON — The IRS is aware of a third-party software issue affecting qualifying farmers and fishermen attempting to electronically file Forms 7203. Qualifying farmers and fishermen are those who are not subject to an addition… Read More »
IRS updates frequently asked questions for Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021 for Leave After March 31, 2021 WASHINGTON — The Internal Revenue Service today updated its frequently asked questions (FAQs) on Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021 for Leave After… Read More »
IRS updates frequently asked questions on Tax Credits for Paid Leave Under the Families First Coronavirus Response Act for Leave Prior to April 1, 2021 WASHINGTON — The Internal Revenue Service today updated its frequently asked questions (FAQs) on Tax Credits for Paid Leave Under the Families First Coronavirus Response Act for Leave Prior to… Read More »
GST Interest can not be recovered automatically : High Court Jharkhand High Court R.K. Transport Private Limited Vs Union of India Appeal Number : W.P.(T) No. 1404 of 2020 Dated 16/02/2022 Heard learned counsel for the petitioner Mr. Sumeet Gadodia and learned counsel for the respondents CGST Mr. P.A.S. Pati. Interest amounting to Rs.83,96,873/- on… Read More »
Consider Allowing Correction in GSTR 1 : High Court Bombay High Court Mahle Anand Termal Systems Pvt. Ltd. Vs Union of India Writ Petition No. 1174 of 2022 11/02/2022 Raichandani, learned counsel for the petitioner seeks to delete the respondent nos.6 and 7 in the cause title. Leave to amend is granted. The amendment to… Read More »