These days of lockdown when a tax professional opens up its social messaging app, he would find ten messages on COVID-19 and one message on RCM on the remuneration to directors.
Under GST, there are many restrictions on availing of the input tax credit. One such limitation is present by the way of section 16(4)limiting the date of claiming the input tax credit to the due date filing of the return for September or date of filing of annual return whichever is earlier.
Our profession is demanding perfection, days are changing and hard work today is required to have a better tomorrow.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961