GSTR3b due date for FORM GSTR-3B for the month of April, 2022 extended till the 24th day of May, 2022. Also, FORM GST PMT-06 due date extended for the month of April, 2022 till the 27th day of May, 2022. Here are the two notifications for the same. Join our Free Whatsapp Group : https://chat.whatsapp.com/E07rZGqX3FPFdN2gCOtpMc […]
Read moreDue to the technical errors persist in generation of the GSTR-2B, invoices are reflecting in GSTR-2A but not in GSTR-2B. While in some case invoices are reflecting in GSTR-2B but at the time of auto population of the same in table no. 4 of GSTR-3B the tab is getting red. In between the chaos of technical […]
Read moreThe Internet and Mobile Association of India (IAMAI) urged the GST Council to keep the GST on online gaming at 18 percent, saying that any increase would harm the industry’s overall health. Various stakeholders are currently discussing raising the GST rate for the online gaming industry to 28 percent. Given that casual games are a […]
Read moreAnother technical issue under GST portal. Although new technical issue is not a new thing for the professionals. Many are facing problem where GSTR-2B of April 22 showing only bills upto the March 2022. GSTN issued advisory on Incomplete GSTR-2B in some cases. Incomplete GSTR-2B in some cases 1. It has been noticed that in […]
Read moreOfficial Twitter handle of Commercial taxes Department, Government of Tamil Nadu tweets a press release stating, “Attention Taxpayers!! CTD identified 3.26 lakh taxpayers who have not paid a single rupee as GST and about 1.94 lakh taxpayers who have paid less than 1000 as GST for the year 2021-22. CTD has warned them to set […]
Read moreThe Income Tax Department has instructed field offices not to issue reassessment income tax notices to small taxpayers with income escaping tax of less than Rs 50 lakh for the fiscal years 2012-13, 2013-14, and 2014-15. The department said that for FY16 and FY17, where the timeline for issue of such notices falls within the […]
Read moreFrom May 26 onwards, anyone depositing or withdrawing Rs 20 lakh or more from one or more bank accounts in a financial year will have to quote the Permanent Account Number (PAN) at the time of withdrawal. With a view to curb evasion of taxes through the use of cash, the Central Board of Indirect […]
Read moreHow to report 6% in GSTR-1? GST rate on bricks increased from 5% to 12%. The government on March 31 notified the GST rates that would be applicable from April 1. Notification No. 01/2022 – Central Tax (Rate) dated 31st March 2022 issued which increased GST rate on following goods from 5% to 12% with effect from […]
Read moreThe institute of cost accountants of India (ICMAI) has requested the government to consider allowing cost and management accountants to conduct financial audit of MSMEs and private limited companies. ICMAI set up under an Act of Parliament, has around 90,000 members and about 5 lakh students. Seeking to ensure competition as well as parity among […]
Read moreThere are lots of confusion about new tax regime. People are not able to decide which one to opt for. Which income tax regime is better old or new? What is difference between old and new regime? How can I save tax on my new tax regime? Old Income Tax Regime Vs New: What Should […]
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