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 o...

आओ GST सीखें: The Central Government has notified the waiver of late fee for GSTR 3B for the period July 17 to September 2018. As per a notification issued by the Central Board of Indirect Taxes and Customs (CBIC), the Government has waived the amount of late fee payable by any registered person for failure to furnish the return in FORM GSTR 3B for the month of July, 2017 onwards by the due date under section 47 of the Act, which is in excess of an amount of twenty-five rupees for every day during which such failure continues. This was recommended by the 31st GST Council meeting wherein the Council had waived the late fee for some returns such as FORM GSTR-1, FORM GSTR-3B & FORM GSTR-4 for the periods July 2017 to September 2018. According to the recommendation of the GST Council, the late fee shall be completely waived for all taxpayers in case FORM GSTR-1, FORM GSTR-3B &FORM GSTR-4 for the months/quar...

दोस्तों जैसा कि आप और हम जानते हैं कि आजकल इनकम टैक्स में limited scrutiny के बहुत सारे cases सेलेक्ट हो रहे हैं। ऐसे cases की assessment करते समय AO को केवल उन जानकारियों को इकठ्ठा करना होता था जिन पॉइंट्स की वजह से case scrutiny में सेलेक्ट हुआ है। परंतु AO किसी अन्य issue पर कुछ नहीं कर सकता था। परंतु अब ऐसा नहीं है, AO अब एडिशनल issue को भी examine कर सकता है। आइये इसका विस्तृत वर्णन करें। The Central Board of Direct Taxes ( CBDT ) has explained the scope of limited scrutiny cases selected under CASS cycles 2017 and 2018 where the issues referred to by the law-enforcement/ intelligence/ regulatory authority or agency. Under CASS cycles 2017 and 2018, some of the cases were selected for scrutiny as a ‘Limited Scrutiny’ case. In ‘Limited Scrutiny’ cases, Assessing Officer cannot travel beyond the issue(s) for which the case was selected. The field authorities asked the Board to consider the issue that in several cases under ‘Limited Scrutiny’, information pointing out specific tax-e...

आओ GST सीखें: दोस्तों कुछ इंडस्ट्री में गुड्स वापसी बहुत अधिक मात्रा में होती है, इसके ट्रीटमेंट एवं प्रोसीजर को ले कर बहुत कंफ्यूज़न रहती है। आओ आज गुड्स वापसी के समय अपनाये जाने वाले विभिन्न विकल्पों की चर्चा करें। गुड्स वापसी का 2 तरीके से ट्रीटमेंट किया जा सकता है: 1. गुड्स वापसी को विक्रय मान कर फ्रेश इनवॉइस जारी कर दिया जाए। या 2. गुड्स वापसी पर विक्रेता द्वारा क्रेडिट नोट जारी कर दिया जाये। OPTION 1 : Return of Goods to be treated as Fresh Supply a. जी हां, पहला तरीका ये ही है कि गुड्स वापिस करते टाइम इसको फ्रेश सप्लाई मानकर sale इनवॉइस जारी कर दिया जाए। b. ये एक आसान तरीका है। इसमें गुड्स वापस करने वाला एक इनवॉइस के जरिये माल वापस कर देगा और sale की तरह उस इनवॉइस को अपनी GSTR 1 में दिखायेगा। c. माल प्राप्ति करने वाला इन गुड्स पर ITC ठीक उसी तरह क्लेम करेगा जैसे वो फ्रेश माल purchase करते समय करता है। d. ITC  reversal इत्यादि के अन्य सभी नियम लागू होंगे। OPTION 2 : Return of Goods by issuing credit notes : a. दूसरा तरीका ये है कि गुड्स को वापिस सप्लायर के क्रेडिट ...

आओ GST सीखें: दोस्तों आजकल GST का सबसे हॉट topic GST में TDS के प्रावधानों का एप्लीकेबल होना है। सब घबरा रहे हैं कि क्या सरकार ने अब GST में TDS रूपी नया compliance तो कहीं उन पर थोप तो नहीं दिया। रोज़ बहुत सारे फ़ोन आने शुरू हो चुके हैं। दोस्तों घबराएं मत, GST में TDS के प्रावधान सबके लिए नहीं हैं। ये केवल कुछ लोगों पर एप्लीकेबल हैं। सरल आम लोगों के शब्दों में यह कह सकते हैं कि ये सरकारी या उसके जैसी संस्था पर ही लागू होगी। Section 51 के अनुसार कुछ entity 2% GST TDS काट कर पेमेंट करेगी अगर टोटल basic contract amount 250000 से ज़्यादा है तो। आओ GST में TDS के प्रावधानों के 10 सवालों का पोस्टमार्टम करें। 1. TDS किसको काटना है : --------------------------- (a) a department or establishment of the Central Government or State Government; or (b) local authority; or (c) Governmental agencies; or (d) such persons or category of persons as may be notified by the Government on the recommendations of the Council अभी तक निम्न persons को नोटिफाई किया गया है: Perso...

आजकल ये चर्चा जोरों पर है कि वित्तीय वर्ष 2017-18 का input tax credit लेने की आखिरी तारीख 30th September है। क्या ऐसा वाकई में है या भ्रांति फैलाई जा रही है। As per the provisions of Sub-section 4 of Section 16 of the CGST Act 2017, input tax credit can be claimed on the tax invoices or debit notes issued by the supplier in the previous financial year for supply of goods or services or both has to be claimed by 20th October 2018 i.e. before filing of the monthly return for the month of September 2018 basis of provisions of Section 39 of the CGST Act or filing of annual return as per provisions of Section 44 whichever is earlier. As GST is rolled out from 1st July 2017, the input tax credit on all in the inward supply of goods or services or both has to be claimed by 20th October as the due date for filing of September 2018 GSTR – 3B is that date based on the provisions notified wide Notification No. 34/2018 – Central Tax dated 10th August 2018. Basis of the above ...

आओ GST सीखें: लो जी GST में कुछ clarical error के लिए अब आपकी गाड़ी कब्जे में नहीं ली जाएगी बल्कि 1000 रुपये की पेनल्टी ले कर छोड़ दी जाएगी! गलती की है तो भुगतना पड़ेगा, कोई माफी नहीं है, और ना ही बहाना चले...

To, NAME AND ADDRESS OF AUDITOR Sub: Certificate of Confirmation for the purpose of audit under section 44AB of the Income-Tax Act, 1961 for the financial year 20xx-20xx (Assessment Year 20xx-20xx ) Dear Sir, Please refer to aforesaid, I hereby certify the followings: - 1.      Cash Balance: that there was a cash balance of Rs. _________ at the closing of the year, which was physically verified and found correct by us. 2.       Bank Balance: The firm is having following bank balance with respective bank: Name   & Branch of Bank Closing Balance Current A/c, O/D, C/C A/c The above accounts have been duly reconciled and the Bank Reconciliation statement has been prepared, where required. 3.     Stock:   that there was closing stock of Rs. ___________/- of goods which was physically verified by me and valued at cost price...

आप पिछले सालों की इनकम टैक्स रिटर्न्स फ़ाइल करना भूल गए हो और आपका रिफंड बन रहा है, तो घबरायें नहीं। एक तरीका अब भी है आपके पास जिसके जरिये आप अपनी रिटर्न्स फ़ाइल करके रिफंड प्...

*आओ GST सीखें:* आओ GST में E Way बिल की 50000 की Value से related सभी प्रश्नों के जवाब जानें : *सवाल 1: Rs. 50,000 की वैल्यू देखते टाइम GST और अन्य टैक्स शामिल किए जाएंगे या नहीं?* जवाब 1: जी हाँ, Consignment value का मतलब invoice, bill of supply या delivery challan वाली value में ...

आओ GST सीखें: आओ GST में audit के provisions को समझें: Audit under GST Audit under GST Act 2017 Under GST Audit would be done in Two Ways: Section 65 (compulsory audit by tax authorities) Section 66 (special audit by chartered accountant or cost accountant) What is an Audit? As per Section 2(13) of CGST Act, 2017'audit' means the examination of records and other documents maintained or furnished by the registered person under this Act or rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed and to assess his compliance with the provisions of this Act or the rules made thereunder. Compulsorily Audit [Section 35(5) of the CGST Act, 2017 read with rule 80(3) of the CGST Rules, 2017] Section 35(5) of CGST Act 2017: Every registered...

आओ GST सीखें : आज हम आपके लिए GST e way bill के कुछ अनसुलझे सवालों के जवाब ले केर आयें हैं : Que: 1 Can the vehicle be changed? How many times? Ans: 1 The e-way bill for transportation of goods always should have the vehicle number that is actually carrying the goods. Que: 2 If the goods having e-way bill has to pass through transshipment and through different vehicles, how it has to be handled? Ans: 2 For each movement from one place to another, the transporter needs to update the vehicle number in which he is transporting that consignment. Que: 3 How to generate the e-way bill from different registered business places? Ans: 3 The registered person can generate the e-way bill from his account from any registered business place. However, he/she needs to enter the address accordingly in the e-way bill. He/she can also create multiple sub-users and assigned to these places and generate the e-way bills accordingly. Que:4 What has to be done to the e-way bill, i...

आओ GST सीखें: E-way Bill For GST dealers in *Goods* Dear All, I wish you to know that the E-Way bill will be implementing from 01-02-2018 in all over India. Let’s we know some important key of E-Way Bill:   Q-1> Who is responsible for E-way Bill ?   Ans.: The responsibility  for E-way Bill is :            Ist –  The Supplier           IInd – The receiver           IIIrd – the Registered person if Purchase or sale from a Un-Registered Person/dealer   Q-2> what type of supply is cover under E-Way Bill ?   Ans.: There is all type of movements of Goods are Cover under E-Way Bill. Including Rejection, Sale Return ,Repair and Maintance and Job Work or material send for Job Work with A Delivery Challan. A approx ...

क्या GST में बिना Tax invoice के माल का transportation किया जा सकता है? जी हां , कुछ cases में ऐसा किया जा सकता है, ऐसे cases में delivery challan raise करना होता है. Rule 55 of CGST rules deal with these type of transactions. Rule 55 CGST Rules : Transportation of goods without issue of invoice.- (1)For the purposes of- (a) supply of liquid gas where the quantity at the time of removal from the place of business of the supplier is not known, (b) transportation of goods for job work, (c) transportation of goods for reasons other than by way of supply, or ...

How to Convert GSTR2 Report to Excel Format   Today all the tax payers are taking lot of the time for reconciling the GSTR2 report with Purchase Invoice by checking one by using the offline utility software provided by the GST Portal, but here I am introducing the new utility created in the Microsoft Excel Format which will helps us to convert the Json File which is created by the GST Portal to Microsoft Excel Format and it will helps us to reconcile the data by using Vlookup formula in the less time and you can relax in the GSTR2 filing process. Step-1 Download the GSTR2A Report from the GST Portal Step-2 Download the Offline Utility software of the Json file convertor to Excel using the below link (It will work only above version of Microsoft Excel 2010 and above) Step-3 Convert the Json file to CSV Format by uploading the file to site https://json-csv.com/ Step-4 Convert this to CSV Format Step-5 Copy and Paste  the data in  the CSV File to the Excel Utili...