CBDT signs 4 more APAs during August 2017 making total number of APAs to 175 Press Information Bureau Government of India Press Release Ministry of Finance 04-September, 2017 18:07 IST Indian Advance Pricing Agreement regime moves forward with signing of four Advance Pricing Agreements (APAs)  The Central Board …

Deduction u/s 80IC denied for delay in filing return allowed by High Court. CBDT Order u/s 119(2)(b) denying to condone the delay of 46 days set aside.   ABCAUS Case Law Citation: ABCAUS 2059 (2017) (09) HC The Grievance: The Petitioner firm had filed the instant petition under …

FAQ GSTR-3B. GSTR-3B once filed cannot be revised. Adjustments, can be done subsequently in  GSTR-1, 2 & 3 for the same tax period FAQ GSTR-3B 1. What is GSTR-3B? GSTR 3B is a simplified summary return and the purpose of the return is for taxpayers to declare their …

FAQ GSTR-2A. What is GSTR 2A? When GSTR-1 is filed after filing of GSTR-2 by counter parties, GSTR-2 details gets auto populated to GSTR-1 for taking action FAQ GSTR 2A 1. What is GSTR 2A? GSTR 2A is a system generated ‘draft’ Statement of Inward Supplies for a …

FAQ GSTR1 Filing-NIL Returns mandatory even if no business activity in the tax period.  Who is required to file the GSTR 1? What is B2C Supplies?    FAQ-GSTR 1 Filing 1. What is GSTR 1? GSTR 1 is a monthly Statement of Outward Supplies to be furnished by …

GST Returns-Filing Process Type of return Revision of returns and penal provisions. CBEC explains the basics of GST Returns The basic features of the returns mechanism in GST include electronic filing of returns, uploading of invoice level information and auto-population of information relating to Input Tax Credit (ITC) …