View Full Profile
Post 5 years of GST implementation, it is seen that GST still remains an evolving law, leave alone a settled law so to speak. While some of the issues are ironed out, there are still plenty of issues that need consideration in terms of ground-level reality check.
In compliance of recently concluded GST Council meeting and recommendations made by the Council therein, the CBIC has issued various notifications to give effect to some of those recommendations on 05.07.2022.
Our mind tends to be protective of ourselves, it shies away from trying something which it hasn't experienced before. Moreover our sub conscious mind is store house of our experiences in the past and present.
Royalty is the consideration which is charged by the state government from mine owners on account of excavation from mines which belong to state government.
It is seen that most of the scrutiny proceedings are initiated on the basis of alleged mismatches between the ITC claimed in GSTR-3B and that reflected in 2A for the FY 17-18 in particular. The department has been issuing ASMT-10, DRC-01A and DRC-01 in such cases based on relevant provisions of the Act.
Success is a duty, an obligation and not a matter of choice certainly for all of us have a fundamental right to attain greatness in our precious lives. Make no mistake about that!
As we are aware, section 54 of the Income Tax Act, 1961 provides exemption to the assessee from long term capital gains accruing to the assessee on account of transfer of a capital asset which is a residential house property subject to conditions prescribed therein.
This thing 'beyond the capacity' doesn't even exist! Had it been in existence, we couldn't have seen so many great innovations, inventions and researches which have made our lives smarter, cooler and easier.
Life is an unsolved puzzle. Sometimes you may feel as if nothing is controllable in your hands. However, it is equally true that we shape our lives more often than not.
Direct Tax Proposals form a backbone of Union Budget. This year also, several key changes have been brought to the statute book of Income Tax. These changes are meant to constant refinement and fine tuning of the law relating to Income Tax which is still the foremost source of revenue for the Government.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
