Welcome to Sailesh Bhandari and Associates
- Call us: +3257 700 1430
- Mail US : bhushanbjain@gmail.com
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- Call us: +3257 700 1430
- Mail US : bhushanbjain@gmail.com
- ADD US : Dynamic Consulting
APPEAL TO THE APPELLATE AUTHORITY SEC107
Appealing to the Appellate Authority under Section 107gst act2017 of the Income Tax Act in India allows taxpayers who disagree with certain decisions or orders made by the gst act2017 Income Tax Department to seek a review by a higher authority. This higher authority is called the Appellate Authority. Here are some key points to
Read MoreREFUND OF TAX
Understanding Tax Refunds under the GST Act, 2017 In the Goods and Services Tax (GST) regime, tax refunds serve as a mechanism to recover excess tax paid in specific situations. The GST Act, 2017, outlines various scenarios where registered taxpayers can claim refunds based on their tax payment history and business activities. Key Refund Types:
Read MoreREFUND OF TAX
Understanding Tax Refunds under the GST Act, 2017 In the Goods and Services Tax (GST) regime, tax refunds serve as a mechanism to recover excess tax paid in specific situations. The GST Act, 2017, outlines various scenarios where registered taxpayers can claim refunds based on their tax payment history and business activities. Key Eligibility Criteria:
Read MoreUtilization of Consumer Welfare Fund under GST Act 2017
The Consumer Welfare Fund (CWF) was established under Section 57 of the Central Goods and Services Tax (CGST) Act, 2017. This fund collects a portion of the GST revenue to be used for the welfare of consumers. Here’s how the fund is utilized: 1. Purpose: 2. Prescribed Manner: 3. Utilization Channels: 4. Accountability: EXAMPLE
Read MoreREFUND OF TAX
Understanding Tax Refunds under the GST Act, 2017 In the Goods and Services Tax (GST) regime, tax refunds serve as a mechanism to recover excess tax paid in specific situations. The GST Act, 2017, outlines various scenarios where registered taxpayers can claim refunds based on their tax payment history and business activities. Key Eligibility Criteria:
Read MoreTAX DEDUCTION AT SOURCE
Tax Deducted at Source (TDS) under the GST Act, 2017 is a mechanism where certain notified persons are required to deduct a specific percentage of tax from the payment they make to suppliers of taxable goods or services. This deducted tax is then deposited with the government by the notified person. Here’s a breakdown of
Read MorePAYMENT OF TAX
Payment Modes and Ledgers under GST Act, 2017: Payment Process under GST Act, 2017: Important Points under GST Act, 2017: EXAMPLE Scenario under GST Act, 2017: Calculation of Tax, Interest, Penalty and Other Amounts under GST Act, 2017: Total Payment under GST Act, 2017: Total Payment = ₹126,152.74 FAQ QUESTIONS Payment of Tax under GST
Read MoreEXAMINATION OF GOODS AND SERVICES TAX PRACTITIONERS
The examination of Goods and Services Tax (GST) Practitioners under the Goods and Services Tax Act, 2017 (GST Act) is conducted by the Institute of Chartered Accountants of India (ICAI) in association with the Central Board of Indirect Taxes and Customs (CBIC). It is a three-tiered examination consisting of: 1. Entrance Test under GST act
Read MoreFINAL ACCEPTANCE OF INPUT TAX CREDIT AND COMMUNICATION THEREOF SEC: 42
In the context of the Goods and Services Tax (GST) Act, 2017, Section 42 and Rule 70 GST act 2017of the Central Goods and Services Tax (CGST) Rules, 2017 deal with the final acceptance of input tax credit and communication thereof. Here’s a breakdown: Final Acceptance of Input Tax Credit: Communication of Final Acceptance: Additional
Read MoreFORM AND MANNER OF SUBMISSION OF RETURN BY NON – RESIDENT TAXABLE PERSON SEC39
Form: Manner of Submission: EXAMPLE Form and Manner of Submission of Return by Non-Resident Taxable Person (Section 39, GST Act 2017) Every registered non-resident taxable person in India must file a GST return electronically through GST act 2017 the Goods and Service Tax (GST) common portal for each calendar month or part thereof. Here’s
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