The CBIC vide Notification No. 30/2020- Central Tax dated April 3, 2020 made following amendments to Central Goods and Services Tax Rules, 2017 (“CGST Rules”): Inserted following proviso to Rule…
CBDT issues orders u/s 119 of IT Act,1961 to mitigate hardships to taxpayers arising out of compliance of TDS/TCS provisions.
Section 115BAC of the Income-tax Act, 1961 (the Act), inserted by the Finance Act, 2020 wef the assessment year 2021-22, infer alia, provides that a person, being an individual or…
Rule 36(4) of CGST Rule restricts the claim of ITC in GSTR 3B. According to this rule ITC claim is restricted to 10% above the ITC as per GSTR 2A.Considering…
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