Analysis of Hon’ble Gujarat High Court decision in the case of Arcelor Mittal Nippon Steel Ltd. vs. Asstt. Commissioner-2021-TIOL-2259-HC-AHM-GST

Dear Readers, Given below is the gist of a recent judicial ruling on the various issues arising under the GST Laws:  1.   Arcelor Mittal Nippon Steel Ltd. vs. Asstt. Commissioner       -2021-TIOL-2259-HC-AHM-GST                                          [Date of Decision:  24.11.2021] Issue involved: Whether the rejection of refund claim is legal and valid when the show cause notice is vague […]

Guidance Notes on – GST Audit under Sec.65 read with Rule 101 and Sec.66 Read with 102 of Goods and Services Tax Act, 2017 Part-1

By, B. S. Seethapathi Rao , Tax Consultant, Kakinada. Dated.12.01.2022. Dear Colleagues, Good day to you. I have received suggestions to prepare “Guidance Notes on “ GST Audit under Sec.65 read with Rule 101 and Sec.66 Read with 102 of Goods and Services Tax Act,2017”. I have prepared these guidance notes on the topics of […]

Income Tax Statutory Forms & related Services – FAQs

Source : Income Tax website Forms & Functionalities Tax Audit Report (Form 3CA-CB/ Form 3CB-CD)……………………………………………………………………………2Form 10 B………………………………………………………………………………………………………………………………..2Form 29B…………………………………………………………………………………………………………………………………2Form 10DA ………………………………………………………………………………………………………………………………3Form 56F …………………………………………………………………………………………………………………………………3Form 10E …………………………………………………………………………………………………………………………………3Form 10-IE……………………………………………………………………………………………………………………………….4Form 67…………………………………………………………………………………………………………………………………..5Form 10BA……………………………………………………………………………………………………………………………….5Form 35…………………………………………………………………………………………………………………………………..5Form 10-IC……………………………………………………………………………………………………………………………….5Form 10-IB & 10-ID …………………………………………………………………………………………………………………..6 Tax Audit Report (Form 3CA-CB/ Form 3CB-CD) FAQ 1: While submitting Form 3CB-3CD, “Unique Document Identification Number (UDIN)” page is displayed. Though […]

Deployment of Interest Calculator in GSTR-3B

The new functionality of interest calculator in GSTR-3B is now live on the GST Poral. This functionality will facilitate & assist the taxpayers in doing self-assessment. This functionality will arrive at the system computed interest on the basis of the tax liability values declared by the taxpayers, along with the details about the period to […]

Extension of timelines for filing of Income-tax returns and various reports of audit for the Assessment Year 2021-22– reg.

Circular No. 01/2022 F. No. 225/49/2021/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, dated 11th January 2022 Subject: – Extension of timelines for filing of Income-tax returns and various reports of audit for the Assessment Year 2021-22– reg. On consideration of difficulties reported by the taxpayers and other stakeholders due […]

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