Taxpayer/Consultant should also ensure that company also maintained ''Fixed Assets Register' and also ensure that proper internal control was there for acquisition and disposal of fixed assets and ensure for GST impact on the same.
This article compiles a list of compliance dates related to GST, Income Tax, ESI, and PF Acts, including GSTR-1, GSTR-3B, ITC-04, GSTR-5 & 5A, GSTR-6, GSTR-7, GSTR-8, RFD-10,
Important clarifications/ amendments issued by the Government on GST in September/ October 2022 along with compliance timelines in October 2022
GST is applicable on residential accommodation sublet by a tenant. This AAR order dated March 23 is likely to trigger a number of litigations. The exemption prescribed cannot be sought and the lessors have to charge GST while issuing invoice for the lease services.
Provisions of sections 100 to 114, except clause (c) of section 110 and section 111 of Finance Act 2022 notified via Notification No. 18/2022-Central Tax dt. 28..
Note on newly extended time limits till 30th Nov of next Financial Year (FY)
I have come across various Show Cause Notice or Orders for levying penalty or cancelling registration etc are issued without specifying the charges or specifying the contraventions due to which Department has taken such extreme action against you. These actions have adverse consequences but who cares?
CBIC issued Circular No. 17/2022-GST on 1STAug,2022 specifying mandatory E-invoicing from October 1, 2022forbusinesses whose aggregate turnover exceeds Rs 10 crore in any financial year from 2017-18 to 2021-22, for business-to-business (B2B) supply of goods or services, or both and also for exports.
We have listed down certain important activities for the smooth amendment/ transition/ closure of FY 2021-22 for GSTR 9 & GSTR 9C
In this article, we will discuss the basics of GST litigation and how to deal with it.
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