Clarification issued by CBIC on Invoices not appearing in GSTR2A for the years 2017-18 and 2018-19

CBIC has issued clarification explaining the procedure to be followed in case where the invoices are not appearing in the GSTR2A during the period 2017-18 and 2018-19. As per the clarification issued, the following procedure shall be followed: 1. Firstly, the details of all the invoices on which ITC has been availed in the GSTR3B but which are not appearing in GSTR-2A shall be furnished to the department. 2. Further, the fulfilment of the following conditions shall be justified: a. Proper tax invoice or debit note is available in respect of such supplies; b. Goods or services have been...

22 December

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Physical Verification of Registered Office Address of Company by ROC

Posted by Vishnu Daya

in NewsletterAlerts

In terms of Section 12 of the Companies Act, 2013 (CA 2013), every company within 30 days of its incorporation and at all times thereafter, needs to maintain a registered office (RO) capable of receiving and acknowledging all communications and notices as may be addressed to it. Special attention to be given to the Notification dated August 18, 2022 inserted a new Rule 25B (New Rule), in the Companies (Incorporation) Rules, 2014 to provide the modus operandi for physical verification of the registered office (RO) of a company by the Registrar which calls for ensuring that compliances at the Registered office...

22 December

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Due date for filing belated / revised ITR for the financial year 2021-22 is 31st December 2022

Posted by Vishnu Daya

in NewsletterAlerts

For the Financial Year, i.e. for the period from 01st April 2021 to 31st March 2022, the belated return or revised return has to be filed within 31st December 2022. Once this deadline of 31st December 2022 has crossed, the assessees will not be able to file the returns for the said period. Hope the above compliances are taken care. If not, kindly take care of the same at the earliest. Kindly let us know for any assistance in this regard. ...

18 December

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Update on GST Council Meeting held on 17.12.2022

Posted by Vishnu Daya

in NewsletterAlerts

GST Council had held 48th GST Council meeting on 17.12.2022 and certain key issues have been discussed. The summary of the discussion has been announced by the GST Council through the press release. The copy of the press release is attached along with this email for quick reference. Key proposals are summarised below: Clarification to be issued to clarify that no GST is payable where the residential dwelling is rented to a registered person if it is rented it in his/her personal capacity for use as his/her own residence and on his own account and not on account of his...

18 December

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Update on GST Council Meeting held on 17.12.2022

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in NewsletterAlerts

09 December

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Due Date for Payment of Advance Tax is 15th December 2022

Posted by Vishnu Daya

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Due Date for Payment of Advance Tax is 15th December 2022...

29 November

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Transitional ITC

Posted by Vishnu Daya

in NewsletterAlerts

You may be aware of the special accommodation given by the Supreme Court in the case of Union of India vs Filco Trade Centre Private Limited wherein the Apex Court had allowed all the assessees to claim/revise transitional ITC. Said option to claim/revise transitional ITC was made available to everyone during 1st October 2022 to 30th November 2022. This is a gentle reminder as the last date to avail this opportunity is tomorrow. For any query in this regard, we may please be contacted. ...

10 November

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