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Waiver of penalty payable for non-compliance of provisions of Notification No. 14/2020 dated 21st March 2020

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The CBIC has issued the Notification No. 28/2021 – Central Tax in which the Government has relaxed the provisions related to QR code in E-invoicing.

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The exemption of Rs. 50 lakh in s. 194-IA(2) is applicable w.r.t. the amount related to each transferee and not with reference to the amount as per sale deed. Each transferee is a separate income tax entity and the law has to be applied with reference to each transferee as an individual transferee / person – ITAT Delhi

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Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws

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SECTION 194P – Deduction of Tax in case of certain Senior Citizens

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