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Important clarifications/ amendments issued by the Government on GST in June/ July 2022 along with compliance timelines in July 2022
The Clause 44 of the Form 3CD is effective for Assessment Year 2022-23 i.e. for the Financial Year 2021-22 because the compliance of this clause was kept in abeyance till 31/03/2022 but for all the reports submitted after that date the clause is mandatory.
One couple purchased house property jointly. After the death of the lady ownership of her part transferred to two children. They sold house property. Long Term Capital Gain arises. But one child who is a resident of US wants to transfer his part in the US. Is it possible?
List down all your achievements so far, and be proud of them, reward yourself at least with a pat on the back. Your achievements may not be big but they are not smaller either.
TDS and TCS are the government's most important sources of revenue. It's also critical for businesses to pay their taxes on time to avoid penalties and remain compliant.
In order to bring uniformity in reporting of ineligible and reversal of credits, CBIC has issued a circular (No. 170/02/2022- GST) regarding furnishing of information regarding ITC availed, reversal and ineligible ITC in Table 4 of GSTR-3B.
Responsibility to deduct TDS under this section is not casted on the Individual/HUF in case the total sales during the immediate preceding financial year do not exceed 1 Crore rupees in case of business and 50 Lakh rupees in case of the profession.
Circular 170/08/2022 - GST - Tabular Format - In a simple manner and easy to understand
The idea of introducing 'composite supply' was to ensure that various elements of a transaction are not dissected and the levy is imposed on the bundle of supplies altogether.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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