Dear Friends, We received many queries as to whether provisions of Section 16(4) can be invoked for any omission / correction of the past period or can be applied for claiming ITC of that respective period also. For example, if February 2020 GSTR 3B is filed in the month of March 2021, so can we […]
From 1st July, 2022, Section 194R will be applicable which states deduction of tax on benefit or perquisite in respect of business or profession i.e. TDS on benefit or perquisites given. It is a general practice in many industries to gift cars, luxurious trips, laptops, mobile etc. as a gift for achieving targets or as[…..]
Dear Readers, There is a form called DPT-3 which is required to be filed annually by all the companies with the Registrar of Companies. (If your company was in existence in the last financial year. If not, then you may ignore this) In the said return, outstanding of following transactions are required to be reported:[…..]
Due to technical glitches in generation of GSTR 2B, the due date is extended as below: –GSTR 3B – Due date for April 2022 month is extended till 24th May 2022 (Notification No. 05/2022 – Central Tax – dated 17th May 2022). –PMT – 06 – Due date for deposit of tax for QRMP persons[…..]
