Articles by CA Umesh Sharma

Large Taxpayers now Quarantined!

Posted by CA Umesh Sharma 10 August 2020 7753 Views

Many taxpayers are getting notices, stating their aggregate turnover is more than Rs. 5 Cr. during FY 2019-20, considering returns of FY 2019-20 filed up to 25th July 2020

Raksha Bandhan of Taxpayers!

Posted by CA Umesh Sharma 03 August 2020 4920 Views

Krishna, how are the tax departments and taxpayers going to celebrate the blissful festival of Raksha bandhan this COVID period?

How will sanitizers disinfect the germs of confusion under GST?

Posted by CA Umesh Sharma 21 July 2020 1940 Views

As we all are fighting with the coronavirus, and alcohol-based hand sanitizers being a major weapon in this war, there is still confusion on GST rate to be charged on the same. The manufactures and GST officers are having an argument, whether it should be charged at 12% or 18%.

Change in TDS on cash withdrawal from 1st July 2020!

Posted by CA Umesh Sharma 13 July 2020 6265 Views

Change in TDS on cash withdrawal from 1st July 2020!

For whom GST Late fees reduced to Nil or Rs 500 per return!

Posted by CA Umesh Sharma 07 July 2020 9264 Views

Here is this beautiful conversation between Arjuna and Krishna. Krishna is clearing Arujan's doubts regarding recent changes in late fees on GSTR-3B

GST Due dates Effects is like

Posted by CA Umesh Sharma 29 June 2020 12169 Views

Some major recommendations were put forth by the GST Council in the 40th GST Council meeting. What further step has CBIC taken to give effect to the recommendations

Recommendations of 40th GST Council Meet

Posted by CA Umesh Sharma 15 June 2020 3762 Views

The GST council has made recommendations for measures of trade facilitation including Reduction in late fees for past returns, Relief measures for small taxpayers & one time extension in period for seeking revocation of cancellation of registration. Let us discuss these recommendations in detail.

Issues of GST ITC in Lockdown of Business

Posted by CA Umesh Sharma 26 May 2020 11752 Views

Is ITC eligible on expenses made for employee's health safety? The lockdown has promoted the Work from home Culture. Is ITC eligible for such expenses? Read what Krishna has reply to these queried posed by Arjuna

How to correct mistakes of GST challan through Form GST PMT 09?

Posted by CA Umesh Sharma 05 May 2020 5218 Views

Conversation between Krishna and Arjuna of GST. Krishna as always is trying to clear the clouds for Ajuna and show the path ahead. In this conversation, Krishna is telling Arjuna about how one can correct his mistakes of GST challan through Form GST PMT 09.

TDS on Salary for F.Y.2020-21

Posted by CA Umesh Sharma 28 April 2020 56075 Views

As per the official notification of the CBDT it is mandatory for an employee to intimate his employee if he is opting for the concessional tax rates under the new tax regime for the purpose of TDS deduction on salary.