Articles by CA Umesh Sharma
View Full Profile
Welcome Internal Circular of MH state on GST mismatch issues
CA Umesh Sharma 28 February 2022 at 12:38Internal circular has been issued by Maharashtra State GST department on 25/02/2022. The circular has been issued to give guidelines with respect to legal issues pertaining to return scrutiny for tax periods 2017-18 and 18-19.
Updated Return- Advantages and Disadvantages
CA Umesh Sharma 25 February 2022 at 08:58Government is trying to provide an opportunity to taxpayers to disclose their income which was previously omitted to be disclosed, and on the other hand will also generate additional revenue for the government. It will facilitate ease of compliance to the taxpayer in a litigation free environment.
Expectations from Union Budget 2022- Halwa or Mithai?
CA Umesh Sharma 31 January 2022 at 13:24Honorable Finance Minister Mrs. Nirmala Sitharaman will be declaring the Finance Budget of 2022-23 on 01st February in the Lok Sabha. Everyone is excited for the Budget. But due to corona, "Halwa" Tradition has been discontinued and "Mithai" has been distributed.
Union Budget and its process!
CA Umesh Sharma 24 January 2022 at 11:39Honorable Finance Minister Mrs. Nirmala Sitharaman will be declaring the Finance Budget of 2022-23 on 01st February in the Lok Sabha
Who's Budget First? Personal or Union
CA Umesh Sharma 17 January 2022 at 11:44Honorable Finance Minister Mrs. Nirmala Sitharaman will be declaring the Finance Budget of 2022-23 on 01st February in the Lok Sabha. Everyone is excited for the Budget.
When recovery will be initiated on difference between GSTR-1 & GSTR-3B?
CA Umesh Sharma 11 January 2022 at 11:28If the taxpayer is able to justify the differences between GSTR 1 and GSTR 3B, then there may not be any requirement to initiate proceedings for recovery under section 79.
File GSTR-1 in time to avoid litigations in GST
CA Umesh Sharma 03 January 2022 at 12:40If supplier does not file GSTR-1 timely and correct it can affect the business relationship adversely and the recipient can also recover interest from supplier as recipient cannot claim ITC of the same.
Attention: Restrictions on availment of ITC as per GSTR-2A from 1st January 2022
CA Umesh Sharma 27 December 2021 at 17:08What is the new amendment that has been notified by the CBIC in respect of claim of ITC which will be applicable from 1st Jan 2022?
Cleaning of Books of Accounts and their Worship on the occasion of Diwali
CA Umesh Sharma 27 October 2021 at 09:42In business, many tax laws are applicable. Every law prescribes provisions for maintaining books of accounts and relevant records. So, one should discard old books as per provisions of law.
Taxation of Mutual Fund SIP
CA Umesh Sharma 19 October 2021 at 09:48An investor can claim deduction up to Rs. 1,50,000/- u/s 80C for investments made in SIP. However, deduction is available only if the SIP is of an Equity Linked Savings Scheme Mutual Fund.
Popular Articles
- Extended Final Date To File GSTR 9 For FY 2024-25
- People Treating ITR as Refund ATM: Notices May Hit Filers Hard in 2025
- How Long Must You Keep Your Books Of Accounts Under GST
- GSTR 9 Turnover Limit For FY 2024-25
- GSTR 9 Due Date For FY 2024-25
- Salary Rs 12.45 Lakh but with Dividend, Interest, MF its Over 12.75 Lakh: Do I Need to Pay Tax?
- GST Audit Checklist
- Locking of GSTR-3B return under GST!
Trending Online Classes
-
All Subjects Combo (Regular Batch) Jan & May 26
CA Hardik Manchanda,CS Arjun Chhabra & Prof. Akash Agrawal
CAclubindia
