Articles by CA Umesh Sharma

10 Important Points to Consider before Filing September 2021 GST Return

CA Umesh Sharma 11 October 2021 at 14:42

Once the return of September 2021 is filed, no changes or rectifications can be made further. Thus, taxpayers must reconcile their books and returns & make the final adjustments.

Changes in GST rates of various goods and services

CA Umesh Sharma 05 October 2021 at 09:33

CBIC has issued Notification No.06/2021–Central Tax (Rate) to Notification No.12/2021–Central Tax (Rate) to amend the existing notifications which will be effective from 1st October 2021.

Side Effects of poor functioning of New Income Tax Portal

CA Umesh Sharma 29 September 2021 at 09:36

Due to technical glitches on the new Income Tax portal, taxpayers have failed to file Income Tax Return, Audit Report and there is a delay in submission of Financials in the bank for loan purposes.

Recommendations in 45th GST Council Meeting

CA Umesh Sharma 21 September 2021 at 09:57

Recommendations in 45th GST Council Meeting

Extension of IT Due Dates

CA Umesh Sharma 14 September 2021 at 09:32

Extension of Income Tax Due Dates

Important Care to be taken before filing Sept 21 GST Return

CA Umesh Sharma 07 September 2021 at 09:24

Once the return of September 2021 is filed, no changes or rectifications can be made further. Thus, taxpayers must reconcile their books and returns & make the final adjustments.

Now non-filing of GSTR-3B for two months restricts filing of GSTR-1 / IFF

CA Umesh Sharma 31 August 2021 at 09:26

Rule 59(6) of CGST Rules,2017 providing for restriction in the filing of GSTR-1 has been inserted by CBIC which will be implemented on the GST Portal from 1st September 2021.

Raksha Bandhan: Relation between seller and buyer under GST

CA Umesh Sharma 24 August 2021 at 09:27

A taxpayer should reconcile the purchases with sales shown by the seller i.e. Party wise reconciliation of all purchase transactions with GSTR-2A should be made.

GST Scrutiny Parameters

CA Umesh Sharma 17 August 2021 at 08:54

An officer may scrutinize the return furnished by registered persons to verify the correctness of the return and inform them of the discrepancies noticed and seek their explanation thereto.

Non-filing of GST returns restricting independence of taxpayers

CA Umesh Sharma 10 August 2021 at 08:48

CBIC has decided again to resume the blocking of the EWB generation facility on the EWB portal, for all the taxpayers in terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, from 15th August 2021 onwards.