What is the concept of Deemed Exports? To boost export sector and to reduce financial burden on exporters, government has notified some supplies as Deemed Exports. These supplies are made by any GST registered person to some specified (notified) entities who fulfill criteria in this regard.
Waiver of late fees on GSTR 3b: A recent decision of Gujrat high court raised questions about GSTR 3b. Whether it is a prescribed return or not. Now in case of the same applicant another matted is listed. The applicant has requested for waiver of
Brief Analysis of order passed by Hon’ble Appellate Authority of Advance Ruling in respect of appeal filed by MRF Ltd against the order the AAR on the issue of Input Tax Credit on the consideration not paid by reasons of post-sale discount. Following is the
CBDT guidelines for manual selection of returns for detailed scrutiny CBDT issued a circular for guidance on manual selection of returns for detailed scrutiny. There are 5 parametres to for selection of returns for scrutiny. F.No.225/169/2019/ITA-II Government of India Ministry of Finance Department of Revenue