आओ GST सीखें

There is a total of 15 parameters based on which GST department is issuing notices for scrutiny of returns as follows: 👉In-eligible ITC claimed from non-genuine taxpayers (NGTPs) whose RC is canceled ab-initio 👉Excess outward tax in GSTR-1 compared to GSTR-9 /GSTR-3B 👉Excess Outward tax in E-Way Bills Compared to GSTR-3B 👉In-eligible ITC claimed from GSTR-3B Non-filers 👉Excess ITC claimed in GSTR-9/3B which is not confirmed in GSTR-2A or 8A of GSTR-9 👉In-eligible ITC claimed from RC is canceled suppliers 👉Less turnover is shown in GSTR-1 compared to GSTR-8 (TCS) 👉Less turnover is shown in GSTR-3B compared to GSTR-7 (TDS) 👉Less RCM liability disclosed in GSTR 9/3B/4 than shown by suppliers in GSTR-1 👉ITC claims after the last date of availing of ITC as per section 16(4) GSTR-3B 👉ITC on purchase invoices uploaded by the supplier in GSTR-1 filed after the last date of availing -section 16(4) Interest on delayed payments made with GSTR 3B 👉Excess IGST on imports shown in GSTR_6

  Register as Legal Heir (applicable in case of any deceased taxpayer) Login With credential of Legal Heir PAN Go to the 'My Account' menu located at upper-left side of the page > Click 'Register as Representative' Select the 'Request Type' as 'New Request' and Select the 'Category to Register' as 'Deceased (Legal Heir)' > Click 'Proceed' Fill the details and Click 'Submit'. Regards, CA Lalit Aggarwal, 9999565491

Big relief for Vodophone and Cairns The Taxation Laws (Amendment ) Bill, 2021 introduced by FM today in the Lok Sabha  is about withdrawing retrospective amendment made in 2012 of taxing capital gains arising from indirect transfer of assets located in India. This will settle issue of arbitration as under Indian Income Tax  Act itself no tax will be leviable on such capital gains up to 28th May,2012 when this amendment came into force . Full amount of tax will have to be refunded but without interest as a specific provision inserted of no interest on such refund under section 244A. Demand created before 28th May,2012 will be nullified in 17 cases including 2 cases where there is stay . Undertaking to be furnished by these entities that no claim , damages, interest etc shall be filed.

The  Central Board of Direct Taxes (CBDT) has issued an order extending due dates for various compliance forms including the Quarterly statement in Form No. 15CC, Equalization Levy Statement in Form No.1, the Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64D and the Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64C. (i) The Quarterly statement in Form No. 15CC to be furnished by an authorized dealer in respect of remittances made for the quarter ending on 30th June 2021 required to be furnished on or before 15th July 2021 under Rule 37BB of the Rules. as extended to 31° July 2021 vide Circular No 12 of 2021 dated 25.06.2021, may be filed on or before 31st August 2021. (ii) The Equalization Levy Statement in Form No.1 for the Financial Year 2020- 21, which was required to be filed on or before 30. June 2021. as extended to 31s1July, 2021 vide Circular No 12 of 2021 dated 25 06.2021. maybe filed on or