Interest Calculator in GSTR-3B New feature on GST Portal

By | January 9, 2022
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Upcoming functionality – Interest Calculator in GSTR-3B 08/01/2022 As a facilitation measure for taxpayers & for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B. This functionality will arrive at the system computed interest on the basis of the tax liability values declared by the… Read More »

Category: GST

GST Instruction No. 01/2022-GST : Tax Recovery for Mismatch of GSTR 1 and GSTR 3B

By | January 8, 2022
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Tax Recovery for Mismatch of GSTR 1 and GSTR 3B CBEC-20/l 6/05/2021 -GST/23 Govcrnment of India Ministry of Finance Department of Revenuc Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, dated 7th January,2022 To. The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) The… Read More »

Category: GST

Tax Audit AY 2021-22 New Clarification by Income Tax Dept I CA Satbir Singh

By | January 7, 2022
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Tax Audit AY 2021-22 New Clarification by Income Tax Dept I CA Satbir Singh   Clarification on Form 3CA-3CD, 3CB-3CD In order to avoid errors in form filing and verification, kindly ensure that following points are considered: 1. Use the latest version of the utility for generating JSON 2. Please re-enter data, if any, in… Read More »

Evasion of Customs duty of Rs. 653 crore by M/s Xiaomi Technology India Private Limited

By | January 5, 2022
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Ministry of Finance Evasion of Customs duty of Rs. 653 crore by M/s Xiaomi Technology India Private Limited Posted On: 05 JAN 2022 4:13PM Based upon an intelligence that M/s Xiaomi Technology India Private Limited (Xiaomi India) was evading customs duty by way of undervaluation, an investigation was initiated by the Directorate of Revenue Intelligence… Read More »