CBDT to validate UDIN generated from ICAI portal at the time of upload of Tax Audit Reports
The Central Board of Direct Taxes ( CBDT ) to validate Unique Document Identification Number ( UDIN ) generated from...
Month: November 2020
How to un-blocking of E-Way Bill (EWB) generation facility
Online filing of application (Form GST EWB 05) by the taxpayer for un-blocking of E-Way Bill (EWB) generation facility 1....
Salient features of Quarterly Return filing & Monthly Payment of Taxes Scheme
Salient features of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme 1.Who can opt for the scheme: Following registered...
Blocking of E-Way Bill generation facility if taxpayer fails to file GSTR-3B returns/GST CMP-08 for tax periods of two or more
Update on Blocking of E-Way Bill (EWB) generation facility, after 1st December, 2020 16/11/2020 In terms of Rule 138E (a)...
E-Invoicing is mandatory for taxpayer having aggregate turnover exceeding Rs. 100 Cr.(w.e.f. 01-01-2021)
Updates on e-invoicing 17/11/2020 From 1-1-2021, Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr....
Auto-populated Form GSTR 3B (PDF) for the taxpayers, from the month of October 2020 onwards
Auto-populated Form GSTR 3B (PDF) for the taxpayers, from the month of October 2020 onwards GSTN has earlier introduced Form...
Auto-population of e-invoice details into GSTR-1
Auto-population of e-invoice details into GSTR-1 Certain notified taxpayers have to prepare and issue their invoices by obtaining Invoice Reference...
Set Off and Carry Forward of Losses
Set off of losses: Set off of losses means adjusting the losses against the profit or income of that particular...
Carry forward and set off of losses in case of change in constitution of firm or on succession
Section 78 of the Income Tax Act: Carry forward and set off of losses in case of change in constitution...
Section 75 of the Income Tax Act: Losses of firms
Section 75 of the Income Tax Act: Losses of firms: Where the assessee is a firm, any loss in relation...