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GST LitigationKarnataka AAR Ruling in the case of Airbus Group India Private Limited
Case Covered: Airbus Group India Private Limited Facts of the case: M/s Airbus Group India Private Limited, (hereinafter referred to as the Applicant ‘or’ Airbus India ‘or the Company’), 4 & 4A, XYLEM, 4th Floor, Dyavasandra Industrial Area, Mahadevapura Post, Bengaluru 560048, Karnataka having GSTIN
GST ComplianceMonthly End to End Indirect Taxes Updates
Facing Blocked ITC CAL- MRS REALTY PRIVATE LTD & ANR. Vs UNION OF INDIA & ORS GST – Petition challenging the constitutional validity of Rule 86A of the CGST Rules and reading down of Section 16(2)(c) of the CGST Act HELD – Serve Notices
Income Tax ComplianceLatest TDS/TCS Related Amendments
Taxation is the price that civilized communities pay for the opportunity of remaining civilized! Section 194Q Deduction of tax at source on payment of a certain sum for the purchase of goods. 194Q. (1) Any person, being a buyer who is responsible for paying
GST ComplianceFacing Block Credit Under GST Rule 86A & Notices for GSTR 2A & 3B Mismatch
Introduction- Taxpayers throughout the country are receiving multiple notices which pertain to blocking of input tax credit invoking rule 86(A) of the CGST rules 2017. In many instances notices are also not received by the taxpayers and the fact only comes to notice when one
FAQ’s on QRMP return scheme of GST [Recent Changes]
What are the recent changes related to the QRMP Scheme? Auto population of GSTR 3b Liability- GSTR 3b contains the data of sale and ITC. It also calculates the final tax liability. This liability is based on tax payable and ITC received. Now, this data
CA Shafaly Girdharwal
GST ComplianceGSTR 1, When to file, who is liable to file, Due dates, late fees
Latest Update in GSTR-1 As per the latest changes in GST, You cant file GSTR 1of the next month unless you file the GSTR 1 and 3b of the previous month. There is a history of ITC frauds behind this provision. The recipient will lose
GST ComplianceWho is required to make an E-way bill in GST? procedure and liability
Introduction E – waybill is a document required for the movement of Goods. It is not always related to the sale or supply. But if there is a movement, E waybill should be prepared. It is covered by GST provisions. It contains information related to
GST ComplianceNotification No. 28/2021 – Central Tax
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Notification No. 28/2021 – Central Tax New Delhi, the 30th June 2021 Related Topic:
GST ComplianceDue Date Compliance Calendar JULY 2021
A. Due dates for Compliances under GST GSTR-3B – Monthly GST Return Turnover in the previous financial year Return for the Month Extended Due Date Up to Rs. 5 Crores – Category -I (For Taxpayer who is opting for QRMP Scheme) APRIL-JUNE – 2021 22-JULY-2021
Income Tax ComplianceCBDT Notified Rule 8AB
Notification No. 76/2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 2nd July 2021 G.S.R. 470(E).—In exercise of the powers conferred by section 48 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central
Income Tax Compliance305th issue of Tax Connect
Tax Calendar Due date Form/Return/Challan Reporting Period Description 7th July 2021 Form No. 27C Submission of declaration for no TCS u/s 206C(1A) obtained from manufacturer to the Commissioner/Chief Commissioner of Income Tax as the case may be. 7th July 2021 Form No. Challan Form ITNS
Best Business To Start In India With Low Investment
Every business has benefits and drawbacks; it is all about finding the finest business ideas to generate money. It all comes down to whatever business you have the desire and ambition to succeed in. Your skillset is also very important in accomplishing the goal. You