CAclubindia Articles
What is Change in GST on Renting of Residential Property?
Changes relating to GST rate, in pursuance of recommendations are coming into effect from the 18th of July 2022, CBIC has issued notification no. 5/2022 regarding Reverse Charge on renting of residential dwelling for use as residence to a registered person.
Wish Others Well. Their Success Will Not Limit Yours!
Let others shine - even if you feel left out. We should all be doing our best to carry the world on our shoulders and help make it a better place.
Interplay of RCM and registration requirement on rental service
The RCM liability on registered tenant shall apply irrespective of whether the landlord is registered under GST or not.
Presumption of constructive notice concerning Transfer of Property Act, 1882
Section 3 of the Transfer of Property Act, 1882 asserts under what circumstances a person is said to have a knowledge of fact or notice. Notice is mentioned in section 39, 40, 41, 53 and 53(A) of the Transfer of Property Act.
GSTR-3B in new avtar very soon!
The concept paper is based on recommended changes to GSTR-3B based on recommendations of GST Council keeping in view the discussions held therein.
Relief for Commission Agents of Agriculture produce Turmeric
Maharashtra appellate Authority for advance ruling for goods and service tax has issued order No. MAH/AAAR/AM-RM/07/2022-23 regarding the taxability of services provided by commission agent in relation to supply of turmeric to traders in APMC.
Attention: ITR Due Date may not be extended, File ITR before 31st July 2022 to avoid late fees of 1000/5000
The Due Dates for all Individuals, HUF's and Firms who are not required to audit their books of accounts, company assessee, LLP's assessee, etc. are required to file their Income Tax Return before 31st July,2022. So this is the last week to file Income Tax Return.
Mandatory furnishing of correct details in Form GSTR-1, GSTR-3B & GSTR-9
Circular No. 170/02/2022-GST on 6th July 2022 was passed for furnishing correct and proper information about inter state supplies and supplies and amount of ineligible/ blocked Input Tax Credit and reversal thereof in GSTR-1 &3B. Circular No.14/2022-GST on 5th July 2022 stated about GSTR-9 & 9C
Cases of Compulsory Scrutiny of Income Tax!
CBDT has provided Guidelines for compulsory selection of returns for Complete Scrutiny for FY 2022-23. Also, procedure for compulsory selection has also been provided in the guidelines provided by CBDT.
Cryptocurrencies and Taxation thereof under Indian Income Tax Act, 1961
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
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