Comparable company following calendar year for maintaining accounts can not be used in contrast to assessee following financial year ending 31st March despite functional similarities – ITAT Prelude: Chapter X of the Income Tax Act, 1961 (the Act) contains Special provisions relating to avoidance of Tax. Section 92 …
GST FAQ Compilation on transportation and logistics CBEC has issued a comprehensive compilation of frequently asked question on transportation and logistics. The FAQ has been compiled after analysing various question received through various mediums. The FAQ comprises of total nineteen questions and answers. The questions replied in the FAQ ranges from basic …
Steps required for cancellation of GST Registration-Download User Guide/Manual with examples on detailed procedure for cancellation Who can file for cancellation of GST Registration? The following can file for cancellation of GST registration: 1. Existing Taxpayers. 2. Migrated Taxpayer whose application for enrolment has been approved. 3. Migrated …
GST Rate on Food prepared in office kitchens and served there is 5% without ITC. This has been clarified by the Official twitter handle of the GoI for queries on GST.
Advisory on the issue of Tax Invoices correctly, display of GSTIN, display of certificate of registration and mentioning of words “GST Composition Taxable Person” The following items, among others, must be clearly mentioned on a tax invoice: Your GSTIN (GST Identification Number) and GSTIN of the recipient, if he/she is registered. Taxable …
e-TDS/TCS RPU version 2.2 for TDS returns released by NSDL The New e-TDS/TCS Return Preparation Utility Ver. 2.2 released by NSDL today for Regular & Correction quarterly e-TDS/TCS statements is applicable from FY 2007-08 Guidelines for usage of these RPUs are provided in the respective utilities. The users are advised …
