Reduction in the GST Rate from 12% to Nil: Not passing the benefit of ITC to the customeris a an Offence
Now buyer need to buy at lower rate but buy from tax compliant seller : Know about 20% Rule in GST for ITC restrictions
Survey Converted into Sections 131,132 and 133A of the Income Tax Act, 1961. Proceedings cannot be converted into Search under section 132.
Difficulties faced by Income Tax assessees country wide due to the faulty processing of the Income Tax Returns and the Tax deducted at source
Judgment relevant for Many Taxpayers: No addition can be done,merely on the basis of entry in Form No. 26AS, without due examination.
Landmark Judgment: Till assessment order is served, it is to be considered as “pending” for approaching settlement commission
Initiation of Corporate Insolvency Resolution Professional as per Insolvency and Bankruptcy Code 2016.