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Notification No. 30/2020 – Central Tax

Notification No. 30/2020 – Central Tax New Delhi, the 3rd April, 2020 G.S.R…(E). – In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods

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Change of Assessing Officer and Jurisdiction for Income Tax

With the advent of online tax filing it is much easier task to file your returns. But sometime there may be situations where you need to interact with income tax department to clarify their doubts or to raise the issues related to your tax filing. At that time you must first know about your tax

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How to correct incorrect details provided in Challan ITNS/280 ?

While filling Challan 280 for self assessment tax, advance tax one may make mistake such as mention wrong Assessment year or Incorrect PAN or TAN etc. It is necessary to correct such mistakes otherwise tax would not be credited to you in correct year and you might get notice from Income tax department for tax

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FAQs on Blocking and Unblocking of EWB generation facility in EWB Portal

1. What is blocking of E-waybill (EWB) generation facility? Ans: Blocking of e-waybill generation facility means disabling taxpayer from generating E Way Bill, in case of non-filing of 2 or more consecutive GSTR 3B Return on GST Portal, by such taxpayer (refer Rule 138E of CGST/SGST Rules, 2017). The GSTINs of such blocked taxpayers cannot

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DRC-03: Applicability and Procedure to pay Additional Tax

What is form DRC-03? DRC-03 is a payment form in which a taxpayer can pay the tax by raising its liability voluntarily or in response to the show cause notice (SCN) raised by the Department. Below is the format of Form DRC-03: When should a taxpayer make a payment in DRC-03? Form DRC-03 is filed for making a voluntary

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GST ANNUAL RETURN

GST has been implemented in India from 1st July, 2017. Under the new GST regime, over 1.3 crore business in India have been registered and issued GST registration. All entities having GST registration are required to file GST annual returns, as per the GST return due date schedule mentioned below. GST annual return filing is

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Income Tax Deductions for FY 2018-19 and AY 2019-20

Tax planning is an important part of a financial plan. Whether you are a salaried individual, a professional or a businessman, you can save taxes to certain extent through proper tax planning. The Indian Income Tax act allows for certain Tax Deductions / Tax Exemptions which can be claimed to save tax. You can subtract

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