CAclubindia Articles

Interplay of RCM and registration requirement on rental service

CS Advocate Abhishek Goyal 01 August 2022 at 08:47

The RCM liability on registered tenant shall apply irrespective of whether the landlord is registered under GST or not.

Presumption of constructive notice concerning Transfer of Property Act, 1882

FCS Deepak Pratap Singh 30 July 2022 at 08:47

Section 3 of the Transfer of Property Act, 1882 asserts under what circumstances a person is said to have a knowledge of fact or notice. Notice is mentioned in section 39, 40, 41, 53 and 53(A) of the Transfer of Property Act.

GSTR-3B in new avtar very soon!

CS Advocate Abhishek Goyal 29 July 2022 at 16:59

The concept paper is based on recommended changes to GSTR-3B based on recommendations of GST Council keeping in view the discussions held therein.

Attention: ITR Due Date may not be extended, File ITR before 31st July 2022 to avoid late fees of 1000/5000

CA Umesh Sharma 29 July 2022 at 09:00

The Due Dates for all Individuals, HUF's and Firms who are not required to audit their books of accounts, company assessee, LLP's assessee, etc. are required to file their Income Tax Return before 31st July,2022. So this is the last week to file Income Tax Return.

Mandatory furnishing of correct details in Form GSTR-1, GSTR-3B & GSTR-9

CA Umesh Sharma 29 July 2022 at 09:00

Circular No. 170/02/2022-GST on 6th July 2022 was passed for furnishing correct and proper information about inter state supplies and supplies and amount of ineligible/ blocked Input Tax Credit and reversal thereof in GSTR-1 &3B. Circular No.14/2022-GST on 5th July 2022 stated about GSTR-9 & 9C

Relief for Commission Agents of Agriculture produce Turmeric

CA Umesh Sharma 29 July 2022 at 09:00

Maharashtra appellate Authority for advance ruling for goods and service tax has issued order No. MAH/AAAR/AM-RM/07/2022-23 regarding the taxability of services provided by commission agent in relation to supply of turmeric to traders in APMC.

Cases of Compulsory Scrutiny of Income Tax!

CA Umesh Sharma 28 July 2022 at 17:44

CBDT has provided Guidelines for compulsory selection of returns for Complete Scrutiny for FY 2022-23. Also, procedure for compulsory selection has also been provided in the guidelines provided by CBDT.

Cryptocurrencies and Taxation thereof under Indian Income Tax Act, 1961

Adv. Ravish Bhatt, ADIT, CIOT 28 July 2022 at 12:34

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

All about MSME Loan

Neethi V. Kannanth 28 July 2022 at 10:04

The eligibility criteria for availing the loan is set by the lender and therefore, varies from bank to bank. Not just that, there are different eligibility criteria for the different schemes.