BIG CHANGE IN GSTR 1 FILING i NOW YOU CAN NOT DO THIS SALE REPORTING I CA SATBIR SINGH Summary 0:00 GSTN is now restricting addition of invoices with date of the previous year, or amendment of invoices issued in the previous year. 0:35 The error comes at the time of validation after saving the… Read More »
Assessment order Quashed as Reply of Taxpayer not considered HIGH COURT OF BOMBAY Pankaj v. National e-Assessment Centre Income-tax Department, Ministry of Finance, Government of India, Delhi A.S. CHANDURKAR AND PUSHPA V. GANEDIWALA, JJ. WRIT PETITION NO. 1927 OF 2021 JANUARY 19, 2022 S.C. Thakar and R.S. Thakar, Advs. for the Petitioner. A.J. Bhoot, Adv. for the Respondent. JUDGMENT A.S. Chandurkar, J. –… Read More »
Section 68 Addition deleted as Assessing officer has used extensive enquiries made by the Investigating wing : High Court HIGH COURT OF DELHI Principal Commissioner of Income-tax v. Vikas Telecom Ltd. MANMOHAN AND NAVIN CHAWLA, JJ. IT APPEAL NO. 112 OF 2020 CM APPL. NO. 6464 OF 2020 DECEMBER 15, 2021 JUDGMENT Navin chawla, J. – This appeal… Read More »
Reply Income Tax Notices by 31st March If you are one such taxpayer and you have come under the scanner of income tax then this news is for you. The Income Tax Department has asked the taxpayers under investigation to respond to the notice by March 31, 2022. The Income Tax Department appealed to the… Read More »
CHECK ITR WRONG PROCESSING I INCOME TAX DEMAND & RECTIFICATION I CA Satbir Singh
Unblocking of ITC on expiry of one year from the date of blocking : New GST Circular The Department of Trade & Taxes, Government of N.C.T. of Delhi issued guidelines vide F.3(429)/GST/Policy/2022/1067-1072 dated March 08, 2022 regarding unblocking of ITC on expiry of one year from the date of blocking. Rule 86A of the GST Rules, 2017 empowers… Read More »
Any Source of Fund can be used to Buy new House for claiming exemption u/s 54 of Income Tax : ITAT IN THE ITAT MUMBAI BENCH ‘D’ Reji Easow v. Income Tax Officer, Ward 3(5) PRAMOD KUMAR, VICE PRESIDENT KULDIP SINGH, JUDICIAL MEMBER IT APPEAL NO. 1557 (MUM.) OF 2020 [ASSESSMENT YEAR 2015-16] MARCH 8,… Read More »
New GST Circular on Freezing Bank accounts of Taxpayers The Department of Trade & Taxes, Government of N.C.T. of Delhi issued Standard Operating Procedure (“SOP”) vide F.3(417)/GST/Policy/2021-22/1045-1052 dated March 04, 2022 to ensure the compliance of Bank attachment letters. The Delhi Goods and Services Tax (DGST) came in to effect from July 1, 2017 replacing Delhi Value Added Tax, 2005.… Read More »
Issuance of GST Show Cause Notice within Time : GST Circular GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110002 No. F.3(409)/GST/policy/2021/1054-1058 Dated: 04/03/2022 To, (i) All Special/Additional/Joint Commissioners (ii) All Ward In charges Subject- Issuance of SCNs in time bound manner- regarding. The Instruction… Read More »
Webinar on Smart Search HSN- An Enhanced search HSN functionality for taxpayers. 08/03/2022 The Search HSN Code functionality has been enhanced, where taxpayers can search the HSN code and the applicable Technical description through common parlance / trade description of the goods/ services as they are known in the Trade. It helps the taxpayers to… Read More »