In exercise of the powers conferred by sub-section (6) and (7) of section 39 of the Central Goods and Services Tax Act, 2017, the Central Board of Indirect Taxes & Customs (CBIC) vide Notification No. 05/2022 and Notification 06-2022, dated 17th May 2022 extended the due date for filing of Form GSTR-3 Band GST PMT […]

Read More →

In exercise of the powers conferred by sub-sections (1) of Section 18 of The Bihar Tax on Professions, Trades, Callings and Employments Act, 2011 (Bihar Act 10, 2011), the Government of Bihar, vide Notification S.O. 68, dated 13th January, 2022 has amended the Bihar Professional Tax Rules, 2011 which shall come into force on the […]

Read More →

IMPORTANCE OF COMPLIANCE CALENDAR With the growing complexities and ever-growing areas getting under regularized phenomenon, it is always wise to have compliance calendar, whether offline or online, as the requirements are getting changes every now and then and cost of compliance is way more than cost of non-compliance. For the organization with professionals on Board, […]

Read More →

Periodicity for filing of GSTR-ITC-04 pertaining to the goods dispatched to a job worker or received from a job worker or sent is revised vide notification No. 35/2021–Central Tax G.S.R. 659(E), dated 24th September, 2021  (Copy of Notification – Click) . Brief note on the same is as under:- Turnover upto Rupees 5 Crore : […]

Read More →

The necessary provisions regarding filing an appeal to Appellate Authority has been provided under CHAPTER XVIII- APPEALS AND REVISION [SECTION 107 TO 121] of the Central Goods and Services Tax Act, 2017 (‘CGST Act, 2017’) supplemented with CHAPTER XIII- APPEALS AND REVISION [RULE 108 TO 116]. Pursuant to the provisions of Section 107(1) of the […]

Read More →

Due to the corona pandemic staying at home has become the new normal. People have changed their ways of doing things. Many people have lost their jobs. They are trying to learn new skills too from the comfort of their home. Learning about GST is one of the right decisions being made by many people. […]

Read More →

The Consumer Protection Act, 2019 (“New Act”) Notification No. S.O. 2351(E) dated 15th July 2020 The Consumer Protection Act, 2019 (‘New Act’) received the assent of the President of India and was published in the official gazette on 9th August 2019. This New Act will replace the old Consumer Protection Act, 1986 (‘Old Act’). The New […]

Read More →

When an owner of unquoted equity shares (“Shares”) in a Company transfers the shares to any person, he is required to pay Capital Gain tax on the difference between the sale consideration received by him and the cost of acquisition of such shares (or the inflation indexed cost, wherever applicable). It is important to check […]

Read More →