In order to contain the rising incidence of fake notes and black money, the Government has decided to replace the current circulation of Rs.500 & Rs.1000 notes....
Fraud and non-fraud cases are different from one another, and hence the tax and penalty amount with its provisions are also different. Let' s find out what are the implications of both fraud and non-fraud cases in GST.
RESTORATION OF CHARM OF SETTLEMENT COMMISSION Introduction The budget for the financial year 2013-14 took a hard hand by drastically amending the penal provisions relating to the offences under the Central Excise and Service Tax law. Though thes
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.
Recently, many taxpayers have received a text message from the Income Tax Department. This message states that the department has noticed specific transactions reported in Form 60/61 for the financial year 2021-22.
In this article, we will delve into the concept of GST summons, including what they are, how they work within the legal framework, and what your rights and duties are when you receive a summons. We will also discuss the validity of summonses and the importance of understanding how they function in the GST system.
The 42nd GST Council Meeting was held on 5th October 2020. Let us discuss some of the recommendations made by the council
Arjuna (Fictional Character): Krishna, the festival of Makar Sankranti has arrived. Small children are in rush and excited to fly kites. Even government is tryi...
The Union Budget 2018 is a day dreaming budget. The proposed various schemes for the welfare of poor and needy is nothing new- in the past too such schemes were announced but how far they are converted into a realty is a big question mark.
The questions of mind like what the interviewer will ask, what will I speak, and how should I present myself never let me sleep peacefully before the interview day. Moreover, our mind in this situation overthinks and decide the future outcomes. Before the interviewer judges us, we tend to fall in process of judging and reject ourselves more.
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