September 2021 - Taxcharcha

CBIC clarifies issues related to claiming ITC of debit note, carrying of e-invoice with e-way bill and refund of NIL rate of export duty

Team Taxcharcha26/09/2021

by Team Taxcharcha26/09/20210368

The Central Board of Indirect Taxes and Customs (CBIC) has notified the circular in which clarifications have been issued for various items which are as...

GST Latest

CBIC clarifies the doubts over Intermediary services

Team Taxcharcha26/09/202126/09/2021

by Team Taxcharcha26/09/202126/09/20210365

The Central Board of Indirect Taxes and Customs (CBIC) has issued the circular no. 159/15/2021 – GST clarifying the doubts related to Intermediary services. In...

Company Law Latest

MCA extends timeline to conduct Annual General Meeting

Team Taxcharcha23/09/202123/09/2021

by Team Taxcharcha23/09/202123/09/20210565

Ministry of Corporate Affairs has extended the timeline to conduct the Annual General Meeting of the Companies for the Financial Year ended on 31-03-2021....

Income Tax Latest

CBDT amends section 194A with respect to the receiver as specified in section 10(26) of Income tax act

Team Taxcharcha17/09/2021

by Team Taxcharcha17/09/20210705

—In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies...

Income Tax Latest

CBDT has extended PAN AADHAR linking and date of completion of penalty proceedings

Team Taxcharcha17/09/202117/09/2021

by Team Taxcharcha17/09/202117/09/202101263

In views of the difficulties being faced by the stakeholders on account of COVID 19 pandemic, the CBDT has extended the following deadlines:- a. PAN...

Latest

ALIGNING THE TIME LIMIT OF GENERATING UDIN FROM 15 DAYS TO 60 DAYS

Team Taxcharcha17/09/2021

by Team Taxcharcha17/09/20210625

Standard on Quality Control (SQC 1) on Retention Period for Engagement Documentation (Working Papers) requires firms to establish policies and procedures for the timely completion...

GST Latest

Recommendations relating to GST laws and procedures in 45th GST Council Meeting

Team Taxcharcha17/09/2021

by Team Taxcharcha17/09/20210744

There are various recommendations relating to GST laws and procedures which have been recommended by the 45th GST Council Meeting which are as follows:- In...

GST Latest

Relaxation in the requirement of filing of Form GST ITC 04

Team Taxcharcha17/09/202117/09/2021

by Team Taxcharcha17/09/202117/09/20210802

In the 45th GST Council Meeting, it has been recommended that there has been a relaxation in the filing of Form ITC 04. Requirement of...

GST Latest

Recommendations relating to GST rates on goods and services

Team Taxcharcha17/09/202117/09/2021

by Team Taxcharcha17/09/202117/09/202101037

In the 45th GST Council Meeting headed by Union Finance Minister Smt. Nirmala Sitharaman, various rate changes have been discussed and recommended by the GST...

GST Latest

Advisory for Taxpayers regarding Generation of EWB where the principal supply is Supply of services.

Team Taxcharcha17/09/2021

by Team Taxcharcha17/09/20210408

1. Representations have been received from various trade bodies stating that they are not able to generate EWB bill for movement of those goods where...

Blogs

Analysis of Section 44AB of Income Tax Act for FY 2020-21

Team Taxcharcha16/09/2021

by Team Taxcharcha16/09/202102305

Introduction Section 44AB of the Income tax act requires the assessee to get his accounts audited from a Chartered Accountant if any of the following...

G.S.T GST Latest Recent Case Laws

The Supreme Court affirms the decision of Madras High Court wherein it was held that Rule 89(5) does not restrict itself to ITC on goods but it also includes ITC on services while claiming refund under Inverted Duty Structure. (13-09-2021)

Team Taxcharcha15/09/202115/09/2021

by Team Taxcharcha15/09/202115/09/20210445

Facts of the Case Writ petitions under Article 226 of the Constitution were instituted before the High Court of Gujarat and the High Court of...

Income Tax Latest

Income Tax Department conducts searches in Ahmedabad

Team Taxcharcha10/09/202110/09/2021

by Team Taxcharcha10/09/202110/09/20210498

The Income Tax Department carried out a search and seizure operation on 08.09.2021 on a group based in Ahmedabad. The group is among one of...

Income Tax Latest

Income Tax Department conducts searches in Punjab and Haryana

Team Taxcharcha10/09/2021

by Team Taxcharcha10/09/20210530

The Income Tax Department conducted search and seizure operations on 08.09.2021 on three prominent Commission agent groups based in Punjab, covering many premises across Punjab...

Income Tax Latest

CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment

Team Taxcharcha10/09/2021

by Team Taxcharcha10/09/20210453

Central Board of Direct Taxes (CBDT) has issued the clarification regarding carry forward of losses in case of changes in shareholding due to strategic disinvestment....

Income Tax Latest

CBDT extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22

Team Taxcharcha09/09/2021

by Team Taxcharcha09/09/202101332

On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment...

GST Latest

CBIC releases CGST Act 2017 updated upto 31-08-2021

Team Taxcharcha09/09/2021

by Team Taxcharcha09/09/20210648

The Central Board of Indirect Taxes and Customs (CBIC) has released the CGST Act 2017 updated as on 31-08-2021. To view and download the Act,...

Income Tax Latest

Updates on e-Filing portal of the Income Tax Department

Team Taxcharcha09/09/2021

by Team Taxcharcha09/09/202101821

The e-Filing portal of the Income Tax Department (www.incometax.gov.in) was launched on 7th June, 2021. Taxpayers and professionals have reported glitches and difficulties in the portal...

GST Latest

Clarification regarding extension of time limit to apply for revocation of cancellation of registration

Team Taxcharcha09/09/2021

by Team Taxcharcha09/09/20210474

The Central Board of Indirect Taxes and Customs (CBIC) has issued the clarification on 6th September 2021 vide Circular No. 158/41/2021 – GST in which...

Income Tax Latest

CBDT allows taxpayers an opportunity to file application for settlement

Team Taxcharcha08/09/2021

by Team Taxcharcha08/09/20210479

The Finance Act, 2021 has amended the provisions of the Income-tax Act, 1961 (“the Act”) to inter alia provide that the Income-tax Settlement Commission (“ITSC”) shall cease...

Income Tax Latest

Reply in Faceless assessment can be file via EVC in E-Proceedings at Income Tax Portal

Team Taxcharcha08/09/2021

by Team Taxcharcha08/09/20210449

The Central Board of Direct Taxes (CBDT) has published the Notification No. 101/2021 in which it has been stated that a new rule 14C shall...

Month : September 2021

CBIC clarifies issues related to claiming ITC of debit note, carrying of e-invoice with e-way bill and refund of NIL rate of export duty

CBIC clarifies the doubts over Intermediary services

MCA extends timeline to conduct Annual General Meeting

CBDT amends section 194A with respect to the receiver as specified in section 10(26) of Income tax act

CBDT has extended PAN AADHAR linking and date of completion of penalty proceedings

ALIGNING THE TIME LIMIT OF GENERATING UDIN FROM 15 DAYS TO 60 DAYS

Recommendations relating to GST laws and procedures in 45th GST Council Meeting

Relaxation in the requirement of filing of Form GST ITC 04

Recommendations relating to GST rates on goods and services

Advisory for Taxpayers regarding Generation of EWB where the principal supply is Supply of services.

Analysis of Section 44AB of Income Tax Act for FY 2020-21

The Supreme Court affirms the decision of Madras High Court wherein it was held that Rule 89(5) does not restrict itself to ITC on goods but it also includes ITC on services while claiming refund under Inverted Duty Structure. (13-09-2021)

Income Tax Department conducts searches in Ahmedabad

Income Tax Department conducts searches in Punjab and Haryana

CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment

CBDT extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22

CBIC releases CGST Act 2017 updated upto 31-08-2021

Updates on e-Filing portal of the Income Tax Department

Clarification regarding extension of time limit to apply for revocation of cancellation of registration

CBDT allows taxpayers an opportunity to file application for settlement

Reply in Faceless assessment can be file via EVC in E-Proceedings at Income Tax Portal

Order No. 02/2018-Central Tax – Regarding availment of...

Circular No. 64/38/2018-GST – Modification of the procedure...

Where no return was filed in compliance to...

GST Audit manual released by CBIC

Circular No. 130/49/2019-GST – Reverse Charge Mechanism (RCM)...

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