Introduction of RCM Liability/ITC Statement
To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called "RCM Liability/ITC Statement" has been introduced on ...
Saturday, December 14, 2024
Tag: ITC
ITC on repair of motor vehicle in case of motor insurance [Read circular]
The insurance companies, which are engaged in providing general insurance services in respect of insurance of motor vehicles, insure the ...
CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested
In the first wave of the operation, a total of 48 fake/bogus firms – either non-existent or paper firms – ...
ITC reversal on account of Rule 37(A) by the recipient
The said amount of ITC is required to be reversed by such taxpayers, while furnishing a return in FORM GSTR-3B ...
Clarification on availability of ITC in respect of warranty replacement of parts and repair services during warranty period [Read circular]
CBIC has issued above clarification vide circular no. 195/07/2023 - GST Dt. 17.07.2023. Relevant extract of the circular is as ...
CGST Bhiwandi Commissionerate arrests businessman for running fake ITC network
The officers of Bhiwandi Commissionerate of CGST Mumbai Zone have arrested a businessman was running a Fake GST Input Tax ...
Input Tax credit limit restricted to the ITC available in GSTR 2A from earlier additional ITC of 5% over and above ITC in GSTR 2A
According to above amendment one more condition has been added to section 16 of CGST act, which deals with Input ...
Clarification regarding Claiming of ITC and calculation of cumulative eligible credit for month of Feb 2020 to august 2020
CBIC had vide notification 30/2020 allowed for taking cumulative ITC under rule 36 for the month of February 2020 to ...
GSTR 2B is live on GST website | What is GSTR 2B? How different is it from GSTR 2A?
People were constantly facing issues with GSTR 2A i.e. statement in GST which shows input tax credit (ITC) of a ...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Statutory Compliance Calendar for December 2024 | Income tax, GST and various other laws
- Statutory Audit of Other Non-Current Assets [Company Law]
- Extension of due date for furnishing return of income from 30.11.2024 to 15.12.2024
- PAN 2.0: A Digital Leap in Taxpayer Services
- Statutory Audit of Long-Term Loans and Advances [Company law]
- Condonation of delay for Form 9A/10/10B/10BB for AY 2018-19 and subsequent years
- Statutory Audit of Non-Current Investments in Indian Companies [Company Law]
- Statutory Audit of Intangible Assets Under Development in Indian Companies [Company Law]
- FAQ issued by CBDT on Vivad se Vishwas Scheme, 2024 [Read circular]
- CBDT extends due date for filing Income tax return for AY 2024-25 till 15th November 2024
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