Skip to main content

No penalty can be levied if amount wrongly mentioned in E-Way. -CAclubIndia

No penalty can be levied if amount wrongly mentioned in E-Way bill when taxes have been paid correctly

Comments

Post a Comment

Popular posts from this blog

Quick Reference flow chart for Sec 194Q of TDS effective from July 1st , 2021

Post a Comment
Read more

IT Dep. conducts search on a “wellness group” in Chennai; unaccounted cash of Rs. 409 crore unraveled

(Disclaimer : Taxmitr India does not own this content. This content contains extracts from this article of Financial Express  ) In a major crackdown against the tax evasion, the income tax department carried out raids at several places linked to wellness guru Kalki and his son. The raids were conducted at several locations in Varadaiahpalem in Andhra Pradesh and also in Chennai and Bangalore. The Income Tax Department conducted searches on a group of trusts and companies that run year-round wellness courses and training programmes at several locations in Andhra Pradesh, Karnataka and Tamil Nadu, the Central Board of Direct Taxes (CBDT) said in a statement. “A preliminary estimate of such unaccounted cash receipts is Rs. 409 crore from FY 2014-15 onwards. Such unaccounted cash receipts are also evidenced by huge quantities of cash and other valuables found at the residences of the founder and his son, and at one of the campuses,” the CBDT said. Click here to read complete ...
Post a Comment
Read more

GST returns not filed? Your bank account can be frozen by taxman

Join our telegram group. Join Download our app and stay updated on latest news from GST/Income Tax and Financial Areas.   Download According to a recent report in TOI a new set of rules have been green lit to GST authorities as a measure to ensure better compliance with GST rules. With a large number of GST registered entities failing to file GST returns on time the rules will  enable GST-authorities to attach your property and banks accounts if despite repeated reminders you fail to file tax returns. According to the news GST officers have been instructed to go hard on such defaulters. The process to nudge the entity and it's officials will begin 3 days ahead of the deadline for filling GSTR-3A of the final returns. The due date for the same us by the 20th of every month . Post the due date  a system-generated message will be sent to all the defaulters. If the entity fails to comply, five-days after the due date, an electronic notice will be served...
Post a Comment
Read more