GST Reconciliation Checklist for Accounts Finalization I CA Satbir Singh
GST Reconciliation Checklist for Accounts Finalization I CA Satbir Singh
18% GST on Notice Pay Recovery : Gujarat Authority of Advance Ruling
18% GST on Notice Pay Recovery Where employee failed to serve the notice period after tendering the resignation, and as per contract (Appointment Letter) condition, company entitled to recover the notice pay from the agreed portion of salary to compensate the loss to the company, the Gujarat AAR held that the employer would be liable… Read More »
GSTR 3B Due date in January 2021 for December 2020 I CA Satbir Singh
GSTR 3B Due date in January 2021 for December 2020 I CA Satbir Singh Due dates for filing of Form GSTR-3B for the Tax Period of December, 2020 13/01/2021 1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 10th Nov., 2020, has inserted sub rule 6… Read More »
New Faceless Penalty Scheme 2021 Launched by Income Tax Dept I CA Satbir Singh
New Faceless Penalty Scheme 2021 Launched by Income Tax Dept I CA Satbir Singh
Notification No 02/2021 – Central Tax : Commissioner Appeal for Delhi and Mumbai in GST
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ) NOTIFICATION New Delhi, the12th January, 2021 No. 02/2021 – Central Tax G.S.R. 18(E).—In exercise of the powers conferred under section 3 read with section 5 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and section 3 of… Read More »
Directions for Faceless Penalty Scheme 2021 u/s 274(2B)
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th January, 2021 INCOME-TAX S.O. 118(E).—In exercise of the powers conferred by sub-section (2B) of section 274 of the Income-tax Act, 1961 (43 of 1961), for the purposes of giving effect to the Faceless Penalty Scheme, 2021 made under sub-section… Read More »
Faceless Penalty Scheme 2021 Launched by CBDT : Download Notification
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th January, 2021 (INCOME-TAX) S.O. 117(E).—In exercise of the powers conferred by sub-section (2A) of section 274 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme, namely:__ 1. Short title and commencement.––(1) This… Read More »
Income Tax Department Search on Doctors Rs 100 crore unaccounted entries revealed
Income Tax Department conducts searches in Assam Posted On: 12 JAN 2021 7:50PM by PIB Delhi The Income Tax Department carried out search and survey action on 08/01/2021 in the cases of renowned Doctors/Medical professionals of Assam. The search and survey actions were carried out at 29 locations in Guwahati, Nalbari and Dibrugarh in Assam.… Read More »
Income Tax Department conducts searches in Hyderabad Rs 160 Crore entries seized
Ministry of Finance Income Tax Department conducts searches in Hyderabad Posted On: 12 JAN 2021 7:49PM by PIB Delhi The Income Tax Department carried out a search and seizure action on 07.01.2021 based on investigation in income tax evasion using bogus sub-contractors/shell entities along with enquiries made relating to entities flagged for providing fake Input… Read More »
CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed Assets
Ministry of Finance CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed Assets Posted On: 12 JAN 2021 Taking another step towards e-governance and encouraging participation of citizen as stakeholders in curbing tax evasion, the Central Board of Direct Taxes has launched an automated dedicated e-portal on the e-filing website of the Department… Read More »