TaxTru Business Advisors
30 articles written by TaxTru Business Advisors on ConsultEase.
GST ComplianceComprehensive Charts for all due dates in direct tax and indirect tax
Comprehensive Charts for all due dates Here we have compiled Comprehensive Charts for all due dates. The dates for direct and indirect tax are covered. I hope it will be quite useful. You can simply refer it to any compliance. Related Topic: Download IT & GST
Alcohol-Based Hand Sanitizers: A Panorama
Compendium Amid the ongoing debate over goods and services tax (GST) rate on hand sanitizers, the Goa bench of the GST Authority of Advance Ruling (AAR) has held that the alcohol-based hygiene product will attract 18 percent GST. It added that its classification as an essential commodity cannot be a criterion
New Education Policy 2020
New Education Policy 2020 Compendium The Union Cabinet approved a new “National Education Policy on July 29, 2020” after the 34-year gap. The National Education Policy, 2020 is meant to provide an overarching vision and comprehensive framework for both school and higher education across the
Demystifying The Interpretation of ‘A Proviso’
Demystifying The Interpretation of ‘A Proviso’ Compendium • The proviso is generally not used but is resorted to providing conditions on riders to the main provisions. • The proviso qualifies the generality of the main section or clause by inserting an exception and take out
Compliance A Ready Reckoner
Compliance A Ready Reckoner Comprehensive Charts for Indirect Tax and Direct Tax Compliances Indirect Tax (GST Compliance) GSTR-3B (As per Rule 61(5) of CGST Rules 2017) IF TURNOVER MORE THAN RS. 5 CRORE TAX PERIOD DUE DATE LATE FEES NO INTEREST* INTEREST RATE @ 9%
Epiphany by the Madras High Court in TRAN-1 debate
Epiphany by the Madras High Court in TRAN-1 debate Compendium The issue regarding the availment of transitional credit from erstwhile law to GST has become the most contentious topic. The heated debate whether the time limit for availment of transitional credit is mandatory or directory
Tax Authorities can’t give interpretations to legislative provisions on the basis of their own perception of trade practices: SC
Tax Authorities can’t give interpretations to legislative provisions on the basis of their own perception of trade practices: SC The Supreme court held as illegal the circulars issued by the Rajasthan Commercial Tax department, which stated that goods imported from other states will be regarded
Gujarat HC Denies Integrated GST Rebate To Advance Authorization License Holders – Is It Fair?
Gujarat HC Denies Integrated GST Rebate To Advance Authorization License Holders – Is It Fair? ✔️Holders of advance authorization licenses were entitled to import raw materials without payment of integrated GST and rebate of IGST. The government changed the rules in September 2018 – retrospectively from
High Court Should Be Loathe To Entertain The Writ Petitions Questioning The Seizure of Goods: SC
High Court Should Be Loathe To Entertain The Writ Petitions Questioning The Seizure of Goods: SC What is it about? Interim orders were passed by the Allahabad High Court directing the GST authority to release the seized goods on deposit of security or on furnishing
CBIC Issued SOP For Physical Verification
CBIC Issued SOP For Physical Verification CBIC ASKS FOR PHYSICAL VERIFICATION OF PREMISES OF BUSINESSES WHICH HAVE BEEN GRANTED DEEMED GST REGISTRATION BETWEEN AUGUST 21-NOVEMBER 16 Recently, The CBIC vide Instruction (SOP) dated 27th November 2020 has asked field offices to carry out physical verification
Quarterly Return Monthly Payment Scheme (QRMP) – New Facelift
Quarterly Return Monthly Payment Scheme (QRMP) – New Facelift Volume: 2 A. Exordium The Central Board of Indirect Taxes & Customs (CBIC) vide Circular No. 143/13/2020-GST dated 10th November 2020 introduced Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services
Benefits of Filing Income Tax Return
Benefits of Filing Income Tax Return Easy Loan Approval: Filing the ITR will help individuals, when they have to apply fora vehicle loan (2-wheeler or 4-wheeler), House Loan, etc. All major banks can ask for a copy of tax returns. Claim Tax refund: if you