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The 49th meeting of the GST Council was held on February 18, 2023, in New Delhi, under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.
First of all, we need to understand the place of business, place of supply and Principal place of business.
In case a taxpayer does not file their ITR by the due date specified by the department, they will be required to pay interest on the outstanding tax, under sections 234A, 234B and 234C of the Income Tax Act 1961.
Discussing the Direct Tax Proposals laid down in the parliament by FM Smt. Nirmala Sitharaman as part of her Union Budget 2021 speech on 1st February 2021.
Section 83 read with section 159(2), and the form GST DRC-22 show that a proceeding has to be initiated against a specific taxable person, an opinion has to be ..
Finance (No. 2) Act, 2019 has inserted a new seventh proviso to section 139(1) to provide for mandatory filing of return of income for undertaking certain high-value transactions even though the person is otherwise not required to file a return of income due to the fact that total income is below the basic exemption limit.
Since we are moving towards online business and transactions, therefore Government need to fix time limit for refund cases as defined above to save interest paid by the department in delay payment of Refund and concern GST Officer should be answerable to GST Department and Ministry of Ministry for such delay.
Delay in filing of application for compounding of offences is not valid ground for rejection of application for compounding of offences u/s 279
Current financial Act 2017 has insert a new section of 50CA of Income Tax Act for the determined fair market value of unquoted share, the FMV shall be deemed to..
Waiver of interest charged u/s 201(1A)(i) of the Income Tax Act 1961
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
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