tag:blogger.com,1999:blog-89310916199427093182024-03-23T15:43:55.745+05:30TAXVANIAn Interactive Platform For
Tax Related Issuestaxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.comBlogger2529125tag:blogger.com,1999:blog-8931091619942709318.post-70639513759205983792022-10-15T17:51:00.004+05:302022-10-15T17:51:37.479+05:30Women now hold 18% of board seats in India, 95% of Nifty 500 cos have at least one female board member <h4 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; text-align: left; vertical-align: baseline;"><span style="font-family: times; font-size: medium;"><span style="font-weight: 700;">Synopsis<br /></span>Part of the credit for this improvement goes to multiple initiatives taken by the Indian government and regulatory bodies. Yet, there's much to be done still.</span></h4><span style="font-family: times;"><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Women representation in India Inc boardrooms has improved in recent times but the Covid-19 pandemic has slowed down the pace of growth and much more ground has to be covered to ensure gender parity at workplaces, a new report shows.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Women now hold 18% of board seats in India, up from 13% in 2017 and 6% in 2013, said an EY report, 'Diversity in the boardroom: Progress and the way forward', shared exclusively with ET. Almost 95% of Nifty 500 companies have at least one female board member compared to 69% in 2017, it said.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times;">Read more at:<br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><a href="https://economictimes.indiatimes.com/news/company/corporate-trends/women-now-hold-18-of-board-seats-in-india-95-of-nifty-500-cos-have-at-least-one-female-board-member/articleshow/94870780.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: black; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">https://economictimes.indiatimes.com/news/company/corporate-trends/women-now-hold-18-of-board-seats-in-india-95-of-nifty-500-cos-have-at-least-one-female-board-member/articleshow/94870780.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst</a></span></div>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-2006089596233152072022-10-15T17:40:00.003+05:302022-10-15T17:40:29.553+05:30"Your electricity will be disconnected tonight...": Know the latest scam to save yourself<p><b> <span style="font-size: 14px;"><span style="font-family: times;">Synopsis</span></span></b></p><h2 class="summary" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #727272; font-size: 14px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times;">Many users have been receiving messages on WhatsApp or via SMS from random numbers that says that their electricity connection will be suspended soon unless they immediately call a certain number. What is the latest electricity bill scam? How can you identify whether the SMS you are getting regarding your electricity bill is real or fake?</span></h2><div><span style="font-family: times;"><br /></span></div><div><span style="font-family: times;"><span style="background-color: white; font-size: 20px;">If you pay you<u>r electricity bill</u></span><span style="background-color: white; font-size: 20px;"><u> </u>online, then you must read about this latest scam that fraudsters are using to trick people. Electricity boards or suppliers often inform customers about the total amount of the electricity bill for a certain month and the due date via SMS or WhatsApp messages. Using a similar format, scamsters are now sending fake messages about unpaid electricity dues to users to dupe them.</span></span></div><div><span style="background-color: white; font-size: 20px;"><span style="font-family: times;"><br /></span></span></div><div><span style="font-family: times;"><strong style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Know all about the latest<u> </u></strong></span><u style="font-family: times; font-size: 20px;"><b>electricity bill scam</b></u><span style="font-family: times;"><strong style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><br style="background: transparent; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></strong><span style="background-color: white; font-size: 20px;">Many users have been receiving messages on WhatsApp or via SMS from random numbers that says that their electricity connection will be suspended soon unless they immediately call a certain number. The message reads: "Dear Customer Your Electricity power will be disconnected Tonight at 8.30 pm from electricity office. because your previous month bill was not update, please immediately contact with our electricity 8240471159 Thank you."</span></span></div><div><span style="background-color: white; font-size: 20px;"><span style="font-family: times;"><br /></span></span></div><div><span style="background-color: white; font-size: 20px;"><span style="font-family: times;">Several users have tweeted about getting such messages on Twitter. Giving an account of how people have fallen for this trap, Digamber Karekar, a Twitter user recently shared a social media post. He mentioned, "One of our family friends was fleeced of Rs 25000 by cyber fraud. Daughter got an SMS stating that their electric meter will be disconnected today for non-payment of dues. Hence call on the given number. Daughter forwarded the call to her father. Father called that number, and he was asked to download an APP to make a payment. On downloading he was asked to make a test payment of Rs 5. On doing the same he found Rs. 25,000 debited to his account. BEWARE."</span></span></div><div><span style="background-color: white; font-size: 20px;"><span style="font-family: times;"><br /></span></span></div><div><span style="font-family: times;"><b style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Steps to follow to avoid the latest electricity bill scam</b><span style="background-color: white; font-size: 20px;"></span><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-size: 20px;">TheState Bank of India(SBI)</span></span><span style="background-color: white; font-family: times; font-size: 20px;"> recently warned customers against falling prey to fraudulent messages about unpaid electricity bills. "Understand "YehWrongNumberHai"! Never call back or respond to such SMSs as these are a scam to steal your personal/financial information. Stay Alert and #SafeWithSBI," the lender wrote in a post on Twitter.</span></div><div><span style="background-color: white; font-size: 20px;"><span style="font-family: times;"><br /></span></span></div><div><span style="font-family: times;"><em style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">The bank has also pointed out a few ways to find out whether the SMS you are getting regarding your electricity bill is real or fake. Follow these steps:</em><span style="background-color: white; font-size: 20px;"></span><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-size: 20px;">1) You need to check whether the message has come from a personal phone number or an official number. The electricity board or supplier generally sends SMS from an official number.</span><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-size: 20px;">2) Check if any message or person (calling from a random number) is asking you to take immediate action about your electricity bill payment. Fraudsters often create urgency or panic, so that individuals do not have much time to think.</span><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-size: 20px;">3) Read the message carefully and you will find several spelling and grammatical errors.</span><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-size: 20px;">The bank has asked the users to make safe choices and verify the source before taking any action.</span><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-size: 20px;">Moreover, if you have missed the payment of your electricity bill for any month, contact the electricity board or supplier. You can find the official contact details of any electricity board in your previous electricity bills.</span><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background: rgb(255, 255, 255); font-size: 20px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-size: 20px;">Text message scams, also known as smishing, are one of the most popular tricks scamsters use to steal personal information and money. Fraudsters also trick individuals in the guise of updating their Know your Customer (KYC) details online.</span></span></div><div><span style="font-family: times;"><span style="background-color: white; font-size: 20px;">Source:</span><span style="font-size: 20px;">https://economictimes.indiatimes.com/wealth/save/electricity-bill-scam-whatsapp-sms-your-electricity-will-be-disconnected-tonight-know-the-latest-scam-to-save-yourself</span></span></div>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-80721316455578303112022-10-14T13:48:00.000+05:302022-10-14T13:48:04.326+05:30NFRA Publishes list of Audit firms/ auditors Who not filed mandatory NFRA-2 form<p> <span style="background-color: white; color: #333333; font-family: "Times New Roman", Times, serif; font-size: 16px; font-weight: 700; text-align: justify;">The National Financial Reporting Authority has published a list of audit forms/auditors who have not filed the mandatory e-form, NFRA-2, for the reporting period 2018-19 and 2019-20.</span></p><p style="background-color: white; box-sizing: border-box; color: #333333; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0.75pt 10px 0cm; text-align: justify;"><span style="box-sizing: border-box; font-family: "Times New Roman", Times, serif;"><span style="box-sizing: border-box; font-size: 16px;">The annual return is to be filed in accordance with Rule 5 of National Financial Reporting Authority Rules, 2018. The auditors/audit firms of class of companies specified in Rule 3 of NFRA Rules 2018 are required to file the annual return on or before 30<span style="box-sizing: border-box; font-size: 12px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> November every year.</span></span></p><p style="background-color: white; box-sizing: border-box; color: #333333; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0.75pt 10px 0cm; text-align: justify;"><span style="box-sizing: border-box; font-family: "Times New Roman", Times, serif; font-size: 16px;">In the past also NFRA had identified cases of non-compliance with the above statutory requirements and sent intimations to defaulting firms. A list of such firms/auditors was also published on the website of NFRA and intimated to Ministry of Corporate Affairs.</span></p><p style="background-color: white; box-sizing: border-box; color: #333333; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0.75pt 10px 0cm; text-align: justify;"><span style="box-sizing: border-box; font-family: "Times New Roman", Times, serif; font-size: 16px;">For the reporting period 2018-19 (audit reports signed during the period 01.04.2018 to 31.03.2019), NFRA-2 was supposed to be filed by 30 November 2019. As it was the first year of filing, the date was extended upto 4 September 2020. A review revealed that a total of 617 audit firms/auditors have still not filed NFRA-2 for the reporting period 2018-19.</span></p><p style="background-color: white; box-sizing: border-box; color: #333333; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0.75pt 10px 0cm; text-align: justify;"><span style="box-sizing: border-box; font-family: "Times New Roman", Times, serif; font-size: 16px;">For the next reporting period, 2019-20 (Audit reports signed during the period 01.04.2019 to 31.03.2020), a total 1684 audit firms have so far not filed NFRA-2. The due date for filing NFRA-2 for reporting period 2019-20 was 30 November 2020.</span></p><p style="background-color: white; box-sizing: border-box; color: #333333; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0.75pt 10px 0cm; text-align: justify;"><span style="box-sizing: border-box; font-family: "Times New Roman", Times, serif; font-size: 16px;">The list of audit firms/auditors in default in respect of both these years is available on NFRA website (</span><a href="https://nfra.gov.in/nfra_domain" style="background-color: transparent; box-sizing: border-box; color: #055193; font-family: "Times New Roman", Times, serif; font-size: 16px; text-decoration-line: none;" target="_blank">https://nfra.gov.in/nfra_domain</a><span style="box-sizing: border-box; font-family: "Times New Roman", Times, serif; font-size: 16px;">). An intimation is also being sent by NFRA to such audit firms/auditors.</span></p><p style="background-color: white; box-sizing: border-box; color: #333333; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0.75pt 10px 0cm; text-align: justify;"><span style="box-sizing: border-box; font-family: "Times New Roman", Times, serif; font-size: 16px;">Attention of all defaulting audit firm/ auditors is invited to the fact that non-filing of NFRA-2 form is a non-compliance covered under Rule 13 of NFRA rules and attracts penal provisions. The rule has been further amended vide NFRA amendment Rules 2022 dated 17.06.22. The amended Rule 13 is published on NFRA website</span></p><p style="background-color: white; box-sizing: border-box; color: #333333; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0.75pt 10px 0cm; text-align: justify;"><span style="box-sizing: border-box; font-family: "Times New Roman", Times, serif;"><span style="box-sizing: border-box; font-size: 16px;">(<a href="https://nfra.gov.in/sites/default/files/236669.pdf" style="background-color: transparent; box-sizing: border-box; color: #055193; text-decoration-line: none;" target="_blank">https://nfra.gov.in/sites/default/files/236669.pdf</a>)</span></span></p><p style="background-color: white; box-sizing: border-box; color: #333333; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0.75pt 10px 0cm; text-align: justify;"><span style="box-sizing: border-box; font-family: "Times New Roman", Times, serif; font-size: 16px;">The list of defaulting audit firms/auditors for the reporting period after 2020-21 is also being reviewed and will be published soon.</span></p><p style="background-color: white; box-sizing: border-box; color: #333333; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0.75pt 10px 0cm; text-align: justify;"><span style="box-sizing: border-box; font-family: "Times New Roman", Times, serif; font-size: 16px;">It is also reminded that the due date for the reporting period 2021-22 (Audit reports signed during the period 01.04.2021 to 31.03.2022) is 30 November 2022. Auditors/firms are advised to file NFRA-2, if not already done so.</span></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-65114712783377833002022-10-10T15:58:00.001+05:302022-10-14T16:04:24.111+05:30Direct Tax collections continue to register steady growth. <p style="text-align: center;"> Government of India</p><p style="text-align: center;"> Ministry of Finance</p><p style="text-align: center;">Department of Revenue </p><p style="text-align: center;">Central Board of Direct Taxes </p><p style="text-align: right;">New Delhi, 09th October, 2022 </p><p style="text-align: center;">PRESS RELEASE </p><p style="text-align: center;">Direct Tax Collections for F.Y. 2022-23 up to 08.10.2022 </p><p>The provisional figures of Direct Tax collections up to 8th October, 2022 continue
to register steady growth. </p><p>Direct Tax collections up to 8th October, 2022 show that gross collections are at
Rs. 8.98 lakh crore which is 23.8% higher than the gross collections for the
corresponding period of last year. Direct Tax collection, net of refunds, stands at Rs.
7.45 lakh crore which is 16.3% higher than the net collections for the corresponding
period of last year. This collection is 52.46% of the total Budget Estimates of Direct
Taxes for F. Y. 2022-23. </p><p>So far as the growth rate for Corporate Income Tax (CIT) and Personal Income
Tax (PIT) in terms of gross revenue collections is concerned, the growth rate for CIT is
16.73% while that for PIT (including STT) is 32.30%. After adjustment of refunds, the
net growth in CIT collections is 16.29% and that in PIT collections is 17.35% (PIT
only)/16.25% (PIT including STT). </p><p>Refunds amounting to Rs.1.53 lakh crore have been issued during the period 1st
April, 2022 to 8th October 2022, which are 81.0% higher than refunds issued during the
same period in the preceding year.</p><p style="text-align: right;">(Surabhi Ahluwalia) </p><p style="text-align: right;">Pr. Commissioner of Income Tax(OSD) </p><p style="text-align: right;">(Media & Technical Policy)</p><p style="text-align: right;"> Official Spokesperson, CBDT</p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-77971701725541354842022-08-03T17:20:00.004+05:302022-08-03T17:20:36.472+05:30Clarification issued by UDIN Directorate<p class="MsoNormal" style="text-align: justify;"><span style="font-family: times;">Due to some technical issues, Members are unable to generate
UDIN under FRN Category. As a temporary Measure, Members are advised to
generate UDIN under "Not Applicable" Category in place of FRN.
Members may put FRN under Remarks column. The technical glitch is likely to be
resolved soon.</span></p><p class="MsoNormal" style="text-align: justify;"><span style="background-color: white; text-align: left;"><span style="font-family: times;">UDIN Directorate</span></span></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-40137468271288840812022-08-01T22:25:00.002+05:302022-08-01T22:25:14.110+05:30Reduction of time limit for verification of ITR from 120 days to 30 days<p><span style="background-color: white; color: rgba(0, 0, 0, 0.87); font-family: Roboto, sans-serif; font-size: 14px; letter-spacing: 0.29px;">DGIT (S) Notification No 5/2022 dated 29.07.2022 issued for Reduction of time limit for verification of ITR from 120 days to 30 days of transmitting the data of ITR electronically. </span></p><p><span style="background-color: white; color: rgba(0, 0, 0, 0.87); font-family: Roboto, sans-serif; font-size: 14px; letter-spacing: 0.29px;">This notification will come into effect from 01.08.2022.</span></p><p> <a href="https://drive.google.com/file/d/1QJL0K8Elu3PxxnPwd-dQuLD6zmc5j5lL/view?usp=sharing" rel="nofollow" target="_blank">Click here for complete notification</a></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-82132347281158418702022-08-01T22:08:00.007+05:302022-08-01T22:11:15.357+05:30E- invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Crore with effect from the 1st day of October, 2022<p style="text-align: center;"><b>MINISTRY OF FINANCE </b></p><p style="text-align: center;"><b>(Department of Revenue) </b></p><p style="text-align: center;">(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) </p><p style="text-align: center;"><b>NOTIFICATION </b></p><p style="text-align: center;">New Delhi, the 1st August, 2022 </p><p style="text-align: center;"><b>No. 17/2022–Central Tax </b></p><p style="text-align: justify;">G.S.R. 612(E).—In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2020 – Central Tax, dated the 21st March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 196(E), dated 21st March, 2020, namely:- </p><p style="text-align: justify;">In the said notification, in the first paragraph, with effect from the 1st day of October, 2022, for the words “twenty crore rupees”, the words “ten crore rupees” shall be substituted. </p><p style="text-align: right;">[F. No. CBIC-20021/2/2022-GST] </p><p style="text-align: right;">Rajeev Ranjan, Under Secy. </p><p style="text-align: justify;"><b>Note </b>: The principal notification No. 13/2020 – Central Tax, dated the 21st March, 2020 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 196(E), dated the 21st March, 2020 and was last amended vide notification No. 01/2022-Central Tax, dated the 24th February, 2022, published vide number G.S.R. 159(E), dated the 24th February, 2022. </p><p style="text-align: justify;"><br /></p><p style="text-align: justify;"><a href="https://drive.google.com/file/d/1wSSiGn-z5ElhFduyTNE9wkvAcz6ZwdxR/view?usp=sharing" rel="nofollow" target="_blank">Click here for complete notification</a></p><p style="text-align: justify;"><br /></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-83896658539180602182022-06-29T20:30:00.005+05:302022-06-29T20:30:58.890+05:30Last date for Filing of Form 11 extended upto 15th July, 2022<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7TJzEAILajYBDFNu88IzdOAjFRVZLpgeZsREBhj3fi2LVFm6v2LjySDH-2EZxnuZmrusWPvmQ_0XIxcSsH0qjIMrMur08Ez-Iqb93ttD5uLpwJEvY72Zl2rz68g6o8_Yai5apUZA6TZKB_jmfj_YAeyVnk1a_5AIRpahDpIu6sAl1TTLOsUttR9_sUg/s828/B76C37B6-4D9B-4CB5-BC84-0B14E49E7B47.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="566" data-original-width="828" height="219" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7TJzEAILajYBDFNu88IzdOAjFRVZLpgeZsREBhj3fi2LVFm6v2LjySDH-2EZxnuZmrusWPvmQ_0XIxcSsH0qjIMrMur08Ez-Iqb93ttD5uLpwJEvY72Zl2rz68g6o8_Yai5apUZA6TZKB_jmfj_YAeyVnk1a_5AIRpahDpIu6sAl1TTLOsUttR9_sUg/s320/B76C37B6-4D9B-4CB5-BC84-0B14E49E7B47.jpeg" width="320" /></a></div><br /> <p></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-72860907733611289332022-06-27T22:16:00.006+05:302022-06-27T22:20:05.762+05:30E-filing of ITR-U (Updated Return) using Excel Utility enabled for ITR 1 and 4<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBOH66epm7hdq_X6jCKoA6NPOKyFT_EaCPh37vUbVG6yoPWi85qVMZmMF-EAGKb0xk8ToEYpWeRN8BKrQqw5ZT-cLupwR6GLqMIz5oMteu8qkr8BI19nv7HV1kUuMY_aFXyyELXbUCVpwBWVq23BRe0Ypcr9jdpipxhe3Ni_Zs6AGVt39O2Elp1BaVvQ/s828/BFC1ADA2-9678-4262-8302-0BB5E78B4C5A.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="489" data-original-width="828" height="189" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBOH66epm7hdq_X6jCKoA6NPOKyFT_EaCPh37vUbVG6yoPWi85qVMZmMF-EAGKb0xk8ToEYpWeRN8BKrQqw5ZT-cLupwR6GLqMIz5oMteu8qkr8BI19nv7HV1kUuMY_aFXyyELXbUCVpwBWVq23BRe0Ypcr9jdpipxhe3Ni_Zs6AGVt39O2Elp1BaVvQ/s320/BFC1ADA2-9678-4262-8302-0BB5E78B4C5A.jpeg" width="320" /></a></div><br /><p></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-38457878176929663662022-06-27T12:17:00.001+05:302022-06-27T12:17:04.392+05:30Banks to move government on TDS on loan waivers<p> <span style="font-weight: 700;"><span style="font-family: times;">Synopsis</span></span></p><h2 class="summary" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: small;">Slices of loans waived to lessen the strain on defaulting borrowers are being interpreted as 'benefits' that lenders are passing on to borrowers under the new provisions the government has come out on tax deducted at source (TDS).</span></h2><span style="font-family: times; font-size: medium;"><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Banks will soon move the government as they find themselves caught in the tax net while settling and rejigging loans to give distressed borrowers a second chance.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Slices of loans waived to lessen the strain on defaulting borrowers are being interpreted as 'benefits' that lenders are passing on to borrowers under the new provisions the government has come out on tax deducted at source (TDS).</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Even though there is no transfer of cash from the bank to the borrower, the extent of haircuts taken by lenders is imputed as 'income' for the borrower.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;"><span style="background-color: white;">For instance, if a bank cuts the loan outstanding from ₹100 crore to ₹40 crore as the borrower is unable to repay or arrange periodic interest outgo, the bank will have to pay a 10% TDS of ₹6 crore on the ₹60 crore which is written off from the full loan amount.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;"><span style="background-color: white;">"This would put an additional burden on banks in the course of loan restructuring. We feel this particular TDS provision was inserted without adequate consultation and understanding of the consequences. It's a strange situation where the bank has to make a sacrifice on account of waiver as well as organise for TDS. We have decided to pursue the matter with the government," a senior banker told ET.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The tax implication was pointed out by a banker at a recent meeting, following which the industry body, Indian Banks' Association, decided at its managing committee meeting to send a representation to the government.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Multiple transactions are being included in the TDS provisions as this is the easiest manner in which the tax net can be widened as the payer is made liable for deduction as well as suffer the consequences for non-deduction.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">According to senior chartered accountant Dilip Lakhani, "The scope of TDS seems to have been broadened. Prima facie, the provisions of Section 194R (dealing with TDS) may not apply to the banking industry when there is a settlement of loan with the borrower and a certain amount is written off in the process. However, the fear among bankers is probably emanating from the word 'benefit' in the new circular on TDS."</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">"Courts have held that if a borrower has borrowed funds </span><span style="background-color: white;">specifically for the acquisition of plant or machinery or land or building for a project, then the remission of liability is not chargeable to tax. On the other hand, the circular deals with cases where the benefit is taxed as income. Also, if a bank deducts the tax, the issue of granting credit to the borrower will also be debatable if the said amount is not chargeable to tax," said Lakhani.</span></span></div><span style="font-family: times; font-size: medium;"><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Lakhani and other tax experts believe that the Central Board of Direct Taxes, the apex </span><span style="background-color: white;">body under the ministry of finance, should clear the fog on TDS arising from loan waivers and sacrifices - particularly because the economic stress may require a sizeable amount of loan restructuring and settlement by banks.</span></span></div><span style="font-family: times; font-size: medium;"><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Government should also consider investing more resources and manpower in swiftly disposing of lower or nil withholding tax certificate requests, said Ashish Mehta, partner at the law firm Khaitan & Company. "Since in case of loan settlements, banks will </span><span style="background-color: white;">pay the TDS out of borrowers' money, the latter should approach the tax department in making the request. This will ease the burden in cases where the parties are facing genuine hardships. And there will be added complication for banks if there is insufficient money in borrowers' accounts, and banks are required to ask the borrower for funds," said Mehta.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;">Read more at:<br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-to-move-government-on-tds-on-loan-waivers/articleshow/92477573.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: black; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-to-move-government-on-tds-on-loan-waivers/articleshow/92477573.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst</a></span></div>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-22393089116834526382022-06-27T12:01:00.005+05:302022-06-27T12:01:38.676+05:30GST council expected to focus on improving revenue collections and plugging leakages<p> <span style="font-weight: 700;"><span style="font-family: times;">Synopsis</span></span></p><h2 class="summary" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: small;">A group of ministers (GoM) headed by Maharashtra finance minister Ajit Pawar, which is scheduled to give its report on reforms on the GST system to the council, has recommended public disclosure of information of unregistered bogus traders and provision of information on transactions through Point of Sale (POS) by banks, among others.</span></h2><span style="font-family: times; font-size: medium;"><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The Goods and Services Tax (GST) council is likely to take up a proposal for stricter scrutiny and verification of highrisk taxpayers ahead of the next level of reforms in the indirect tax framework that completes five years of roll-out on July One.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">A group of ministers (GoM) headed by Maharashtra finance minister Ajit Pawar, which is scheduled to give its report on reforms on the GST system to the council, has recommended public disclosure of information of unregistered </span><span style="background-color: white;">traders and provision of information on transactions through Point of Sale (POS) by banks, among others.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The council meeting this week on June 28-29 in Chandigarh is expected to focus on ways to improve revenue collection and plug leakages as compensation to the states ends this month.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;"><span style="background-color: white;">Last year the council had set up a GoM under Pawar to review IT tools and interface available to tax officers and suggest measures to make the system more effective and efficient, including changes in business processes. It was also asked to identify potential sources of evasion to plug revenue leakages.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;"><span style="background-color: white;">The GoM recommended verification of physical addresses of high-risk taxpayers to prevent input tax credit fraud. It has also suggested making mention of electricity consumer registration number mandatory at the time of GSTN registration, certification of taxpayers’ bank accounts by National Payments Corporation of India (NPCI) and establishment of a feedback mechanism to detect suspicious transactions.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">It has also made out a case for measures to prevent harassment from tax officials </span><span style="background-color: white;">and improvement in process to claim input tax credit.</span></span></div><span style="font-family: times; font-size: medium;"><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">MINIMAL RATE REJIG</strong><span style="background-color: white;"></span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The council is expected to refrain from undertaking any significant increase in tax rates as part of rationalisation in view of inflationary concerns. "No major rate rejig is expected apart from some tweaks and clarifications. However, there will be a detailed discussion on improving the GST system, use of technology and better cohesion between the centre and state</span><span style="background-color: white;">to plug in leakages," an official said.</span></span></div><span style="font-family: times; font-size: medium;"><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The fitment committee under the council has recommended status quo on tax rates for 215 goods and services.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The council is also expected to take up an interim report from the GoM on rate rationalisation, headed by Karnataka Chief Minister Basavraj Bommai, on pruning of exemptions under GST.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Exemptions such as for hotel rooms less than Rs 1,000 per night and non-branded food items could be taken up. Extension of this GoM by </span><span style="background-color: white;">another six months to investigate a comprehensive rate rationalisation is also expected to be taken up by the council.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The council is expected to take final call on rates on casinos, horse racing and online gaming after the ministerial panel headed by Meghalaya Chief Minister Conrad Sangma suggested imposition of 28% GST on these activities.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The council is also expected to take up the GST on cryptocurrency. The Central Board of Indirect Taxes and Customs has favoured </span><span style="background-color: white;">imposition of 28% on cryptocurrency transactions.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;">Read more at:<br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><a href="https://economictimes.indiatimes.com/news/economy/policy/gst-council-expected-to-focus-on-improving-revenue-collections-and-plugging-leakages/articleshow/92477279.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: black; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">https://economictimes.indiatimes.com/news/economy/policy/gst-council-expected-to-focus-on-improving-revenue-collections-and-plugging-leakages/articleshow/92477279.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst</a></span></div>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-65165446414127476992022-06-27T11:56:00.003+05:302022-06-27T11:56:25.474+05:303 Income Tax employees siphoned off crores through fictitious TDS refunds; CBI probes <div class="bold" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times;">Synopsis</span></div><h2 class="summary" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: small;">CBI has named three I-T officials -- Abhay Kant, Saurabh Singh and Rohit Kumar -- in connection with the case along with nine beneficiaries of the refunds. The tax department has alleged that the officials misused the RSA tokens of assessing officers to work out and authenticate generation of fictitious refunds payable to 11 assessee, on the system, and got the refunds worth over Rs 1.39 crore between August 1, 2020 and August 25, 2021 till the fraud was detected.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-weight: 400; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-weight: 400; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-weight: 400; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;"><span style="background-color: white;">The CBI has started an investigation against three Income Tax department officials for allegedly facilitating fictitious refunds of TDS deducted for several assessee by misusing system access of senior officers, officials said on Sunday. The probe agency filed the FIR based on a complaint from Joint Commissioner of Income Tax, Muzaffarnagar against three group C officials of the Income Tax who allegedly managed to dupe the department by allegedly misusing RSA tokens of assessing officers to </span><span style="background-color: white;">work out and generate fictitious refunds of Tax Deducted at Source (TDS).</span></span></div><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-weight: 400; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;"><span style="background-color: white;"><br /></span></span></div></h2><span style="font-family: times; font-size: medium;"><span style="background-color: white;">RSA tokens are unique and time-synchronous solutions that automatically change a user's password every 60 seconds.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Following the FIR, the agency had carried out searches at multiple locations, they said.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;"><span style="background-color: white;">The Central Bureau of Investigation (CBI) has named three I-T officials -- Abhay Kant, Saurabh Singh and Rohit Kumar -- in connection with the case along with nine beneficiaries of the refunds.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;"><span style="background-color: white;">The tax department has alleged that the officials misused the RSA tokens of assessing officers to work out and authenticate generation of fictitious refunds payable to 11 assessee, on the system, and got the refunds worth over Rs 1.39 crore between August 1, 2020 and August 25, 2021 till the fraud was detected.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The scam surfaced when one of the assessing officers detected computation of refunds under section 154 of the I-T Act for assessees who did not belong to his range, they said.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;"><span style="background-color: white;">Orders under the section are passed when any rectification to any order or processing is required either on the application of the assessee or by the assessing officer on its own when some mistake is to be corrected, which is apparent in records, it alleged.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">These refunds were reported to be on AST (Assessment Information System), an old system, and not on ITBA (lncome Tax business application) on which the process has now been shifted since 2016.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;"><span style="background-color: white;">"Out of the total amount siphoned off, nearly Rs 35 lakh was deposited back to government accounts by the accused officials as taxes against demand Rs 22 lakh was recovered by assessing officers by way of coercive actions against the beneficiaries," it alleged.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">"A total recovery either by the staff involved in the scam or by the assessing officers by way of attachment of accounts of the assessees comes to Rs 57.31 lakh so far. The total amount still outstanding, including </span><span style="background-color: white;">interest chargeable, is computed at Rs 94.39 lakh," the complaint alleged.</span></span></div><span style="font-family: times; font-size: medium;"><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;">Read more at:<br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><a href="https://economictimes.indiatimes.com/news/india/3-income-tax-employees-siphoned-off-crores-through-fictitious-tds-refunds-cbi-probes/articleshow/92469965.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: black; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">https://economictimes.indiatimes.com/news/india/3-income-tax-employees-siphoned-off-crores-through-fictitious-tds-refunds-cbi-probes/articleshow/92469965.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst</a></span></div></div></div></div>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-41165528106877650072022-06-22T15:32:00.002+05:302022-06-22T15:32:55.042+05:30Form 26QE/Form 16E notified and Form 26Q, 26QB, 26QC AND 26QD amended<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US">AMENDMENT TO RULE 30, 31, 31A AND FORM 26Q,
26QB, 26QC AND 26QD AND INSERTION OF NEW FORM 16E AND 26QE TO INCOME TAX RULES,
1962</span></p><p class="MsoNormal" style="text-align: justify;">Notification published by CBDT on 22nd June 2022, vide Notification No. 67/2022/F. No. 370142/23/2022-TPL] notifying Rules and Forms w.r.t TDS on Payment on transfer of Virtual Digital Assets applicable from 01.07.2022 and amendment to existing Forms 26Q/26QB/26QC and 26QD.</p><p class="MsoNormal" style="text-align: justify;"><a href="https://drive.google.com/file/d/1Ie8SbP_mcOZr3RyrWMqqjGaqdKUSF6pK/view?usp=sharing" rel="nofollow" target="_blank">Click here for complete notification.</a></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-75988550649853869402022-06-18T12:45:00.003+05:302022-06-18T14:03:01.799+05:30Revised Instruction for constitution and functioning of Local Committees to deal with taxpayers’ grievances due to high-pitched Scrutiny Assessment <p style="text-align: center;"><b><span style="font-family: times;">Government of India </span></b></p><p style="text-align: center;"><b><span style="font-family: times;">Ministry of Finance </span></b></p><p style="text-align: center;"><b><span style="font-family: times;">Department of Revenue </span></b></p><p style="text-align: center;"><b><span style="font-family: times;">Central Board of Direct Taxes </span></b></p><p style="text-align: right;"><span style="font-family: times;">New Delhi, 16th June, 2022 </span></p><p style="text-align: center;"><b><span style="font-family: times;">PRESS RELEASE </span></b></p><p style="text-align: justify;"><b><span style="font-family: times;">Revised Instruction for constitution and functioning of Local Committees to
deal with taxpayers’ grievances due to high-pitched Scrutiny Assessment </span></b></p><p style="text-align: justify;"><span style="font-family: times;">In line with CBDT’s policy and commitment towards providing enhanced
taxpayers’ services and reduce taxpayers’ grievances, CBDT has issued revised
Instruction for constitution and functioning of Local Committees to deal with
taxpayers’ grievances arising out of high-pitched Scrutiny Assessment through
F.No.225/101/2021-ITA-II, dated 23rd April, 2022. </span></p><p style="text-align: justify;"><span style="font-family: times;">This instruction also provides for initiation of suitable administrative action
against the officer concerned, in cases where assessments are found by the Local
Committee to be high-pitched or where there is non-observance of principles of
natural justice, non-application of mind or gross negligence of Assessing Officer/
Assessment Unit. </span></p><p style="text-align: justify;"><span style="font-family: times;">The revised Instruction dated 23rd April, 2022 in F.No.225/101/2021-ITA-II is
available on www.incometaxindia.gov.in at
<a href="https://incometaxindia.gov.in/Lists/Latest%20News/Attachments/518/Instrution-225-101-2021.pdf" target="_blank">https://incometaxindia.gov.in/Lists/Latest%20News/Attachments/518/Instrution-225-101-2021.pdf </a></span></p><p style="text-align: right;"><span style="font-family: times;"><br /></span></p><p style="text-align: right;"><span style="font-family: times;">(Surabhi Ahluwalia) </span></p><p style="text-align: right;"><span style="font-family: times;"> Pr. Commissioner of Income Tax(OSD) </span></p><p style="text-align: right;"><span style="font-family: times;">(Media & Technical Policy) </span></p><p style="text-align: right;"><span style="font-family: times;">Official Spokesperson, CBDT</span></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-51464317207249977302022-06-18T12:31:00.005+05:302022-06-18T12:35:32.370+05:30Net Direct Tax collections for the F.Y. 2022-23 continue to grow at a robust pace- CBDT<div style="text-align: center;"><span style="font-family: times;">Government of India </span></div><div style="text-align: center;"><span style="font-family: times;">Ministry of Finance </span></div><div style="text-align: center;"><span style="font-family: times;">Department of Revenue </span></div><div style="text-align: center;"><span style="font-family: times;">Central Board of Direct Taxes </span></div><div style="text-align: right;"><span style="font-family: times;">New Delhi, 17th June, 2022 </span></div><div style="text-align: center;"><span style="font-family: times;">PRESS RELEASE </span></div><div style="text-align: justify;"><span style="font-family: times;"><br /></span></div><div style="text-align: center;"><b><span style="font-family: times;">Net Direct Tax collections for the Financial Year 2022-23 have grown at over 45% </span></b></div><div style="text-align: center;"><b><span style="font-family: times;"><br /></span></b></div><div style="text-align: center;"><b><span style="font-family: times;">Net Direct Tax collections for the F.Y. 2022-23 continue to grow at a robust pace further fortifying the economic revival </span></b></div><div style="text-align: center;"><b><span style="font-family: times;"><br /></span></b></div><div style="text-align: center;"><b><span style="font-family: times;">Gross Tax collections for the Financial Year 2022-23 have grown at about 40% </span></b></div><div style="text-align: center;"><b><span style="font-family: times;"><br /></span></b></div><div style="text-align: center;"><b><span style="font-family: times;">Advance Tax collections for F.Y. 2022-23 stand at Rs. 1,01,017 crore which shows a growth of more than 33% </span></b></div><div style="text-align: center;"><b><span style="font-family: times;"><br /></span></b></div><div style="text-align: center;"><b><span style="font-family: times;">Refunds amounting to Rs. 30,334 crore have been issued in the F.Y. 2022-23 </span></b></div><div style="text-align: justify;"><span style="font-family: times;"><br /></span></div><div style="text-align: justify;"><span style="font-family: times;">The figures of Direct Tax collections for the Financial Year 2022-23, as on 16.06.2022 show that net collections are at Rs.3,39,225 crore compared to Rs. 2,33,651 crore over the corresponding period of the preceding year, representing an increase of 45% over the collections of the preceding year. The net collection (as on 16.06.2022) in F.Y. 2022-23 has registered a growth of 171% over the corresponding period of F.Y. 2020-21 when the net collection was Rs. 1,25,065 crore, and a growth of 103% over the corresponding period of F.Y. 2019-20 when the net collection was Rs. 1,67,432 crore. </span></div><div style="text-align: justify;"><span style="font-family: times;"><br /></span></div><div style="text-align: justify;"><span style="font-family: times;">The Net Direct Tax collection of Rs. 3,39,225 crore (as on 16.06.2022) include Corporation Tax (CIT) at Rs. 1,70,583 crore (net of refund) and Personal Income Tax (PIT) including Security Transaction Tax (STT) at Rs. 1,67,960 crore (net of refund). </span></div><div style="text-align: justify;"><span style="font-family: times;"><br /></span></div><div style="text-align: justify;"><span style="font-family: times;">The Gross collection of Direct Taxes (before adjusting for refunds) for the F.Y. 2022-23 stands at Rs. 3,69,559 crore compared to Rs. 2,64,382 crore in the corresponding period of the preceding year, representing an increase of almost 40% over the collections of the preceding year. This includes Corporation Tax (CIT) at Rs. 1,90,651 crore and Personal Income Tax (PIT) including Security Transaction Tax (STT) at Rs. 1,78,215 crore. Minor head wise collection comprises Advance Tax of Rs. 1,01,017 crore, Tax Deducted at Source of Rs.2,29,676 crore, Self-Assessment Tax of Rs. 21,849 crore, Regular Assessment Tax of Rs. 10,773 crore, Tax on Distributed Profits of Rs. 5,529 crore and Tax under other minor heads of Rs. 715 crore. </span></div><div style="text-align: justify;"><span style="font-family: times;"><br /></span></div><div style="text-align: justify;"><span style="font-family: times;">The Advance Tax collections for the first quarter of the F.Y. 2022-23 stand at Rs. 1,01,017 crore against Advance Tax collections of Rs. 75,783 crore for the corresponding period of the immediately preceding Financial Year, showing a growth of more than 33%. This comprises Corporation Tax (CIT) at Rs. 78,842 crore and Personal Income Tax (PIT) at Rs. 22,175 crore. This amount is expected to increase as further information is received from Banks. </span></div><div style="text-align: justify;"><span style="font-family: times;"><br /></span></div><div style="text-align: justify;"><span style="font-family: times;">The TDS collections for F.Y. 2022-23 (as on 16.06.2022) stand at Rs. 2,29,676 crore against TDS collections of Rs. 1,57,434 crore for the corresponding period of the immediately preceding Financial Year, showing a growth of nearly 46%. </span></div><div style="text-align: justify;"><span style="font-family: times;"><br /></span></div><div style="text-align: justify;"><span style="font-family: times;">The Self-Assessment Tax collections for F.Y. 2022-23 (as on 16.06.2022) stand at Rs. 21,849 crore against self-assessment tax collections of Rs. 15,483 crore for the corresponding period of the immediately preceding Financial Year, showing a growth of more than 41%. </span></div><div style="text-align: justify;"><span style="font-family: times;"><br /></span></div><div style="text-align: justify;"><span style="font-family: times;">Refunds amounting to Rs. 30,334 crore have also been issued in the F.Y.2022-23. </span></div><div style="text-align: right;"><span style="font-family: times;"><br /></span></div><div style="text-align: right;"><span style="font-family: times;">(Surabhi Ahluwalia) </span></div><div style="text-align: right;"><span style="font-family: times;"> Pr. Commissioner of Income Tax(OSD) </span></div><div style="text-align: right;"><span style="font-family: times;">(Media & Technical Policy) </span></div><div style="text-align: right;"><span style="font-family: times;">Official Spokesperson, CBDT</span></div>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-24200782066347475822022-06-16T20:34:00.002+05:302022-06-16T20:34:58.214+05:30Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income- tax Act, 1961<p style="text-align: justify;">Circular No. 12 of 2022 dated 16th June 2022 issued by CBDT containing Guidelines for removal of difficulties under section 194R.</p><p><br /></p><p><a href="https://drive.google.com/file/d/1fIaxZsSYaQtoHYtwQdVP46s0BIPIYkCd/view?usp=drivesdk">Click here to download complete circular</a></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-90336654762500046792022-06-16T18:23:00.003+05:302022-06-16T19:38:33.955+05:30Invoices being shown twice in GSTR2B for April and May 2022<p style="text-align: justify;">Few taxpayers (recipients of supply) have reported that they have observed the same invoice twice in GSTR 2B i.e. April and May, 2022. Taxpayers are advised not to avail ITC on the same invoice twice. A solution to the issue would be implemented shortly as reported by GSTN Infosys.</p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-50975244209790828582022-06-14T20:54:00.001+05:302022-06-14T20:54:14.702+05:30Procedure relating to sanction, post audit and review of refund claims issued by CBIC<p>CBIC issued instruction number 03/2022-GST dated 14 June 2022 specifying procedure relating to sanction, post-audit and review of refund claims.</p><p><a href="https://drive.google.com/file/d/1XWQuqGTlmDuQSlBK0MIu5Jh7cisQNTVv/view?usp=drivesdk" target="_blank">Click here to download instructions</a></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-66700219034343496752022-06-14T20:30:00.001+05:302022-06-14T20:30:22.873+05:30CII for FY 2022-23 notified<div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFL6LB1ftxizO0sjUf5DSWaOAYMEOyqUO8lffk1rSHL3u1r6tZjDUxMrMUhfxCwgJiFGi0SjFDeTCXaj1YSrAzr340VtVkAkLC32G4322jBg3CM2cP1OKCayNEwrapN-MCinlQBFe0V11VuqLFM5W3e6cSuUUFp9g5K3Ej8khTJ0fGzoVj8NSxUs52eQ/s857/D3968D70-7A47-4656-BC42-CA78EC30EAB9.jpeg" style="display: block; padding: 1em 0; text-align: center; "><img alt="" border="0" height="600" data-original-height="857" data-original-width="713" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFL6LB1ftxizO0sjUf5DSWaOAYMEOyqUO8lffk1rSHL3u1r6tZjDUxMrMUhfxCwgJiFGi0SjFDeTCXaj1YSrAzr340VtVkAkLC32G4322jBg3CM2cP1OKCayNEwrapN-MCinlQBFe0V11VuqLFM5W3e6cSuUUFp9g5K3Ej8khTJ0fGzoVj8NSxUs52eQ/s600/D3968D70-7A47-4656-BC42-CA78EC30EAB9.jpeg"/></a></div>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-86017396914657041632022-06-10T15:31:00.004+05:302022-06-10T15:36:25.975+05:30The MCA Portal is under maintenance till further notice<p>The MCA Portal is under maintenance till further notice in this regard as per the latest tweet published on the twitter handle of Ministry of Corporate Affairs. The portal has not been functioning properly for the last many days now.</p><p><br /></p><p><br /></p>
<blockquote class="twitter-tweet"><p dir="ltr" lang="en">Stakeholders please note that the MCA portal is currently under maintenance. Stakeholders will be intimated once completed.</p>— Ministry of Corporate Affairs (@MCA21India) <a href="https://twitter.com/MCA21India/status/1535188277677871106?ref_src=twsrc%5Etfw">June 10, 2022</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-49727290483411251282022-06-08T13:27:00.006+05:302022-06-08T13:27:46.996+05:30Income Tax portal develops snag on first anniversary, govt asks Infosys to look into issue<p> <span style="font-weight: 700;"><span style="font-family: times; font-size: medium;">Synopsis</span></span></p><h2 class="summary" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times; font-size: medium;">After many users complained of issues while accessing the I-T portal and reported that it was hacked on Tuesday, which also happens to be the first launch anniversary of the portal, the department said Infosys is resolving the issue on priority.</span></h2><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Montserrat, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="font-family: times;"><span style="background-color: white;">The Income Tax Department's new-look tax return filing portal, developed by Infosys, again developed snags on Tuesday - a day that marked the first anniversary of its unveiling.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The portal, which was billed to make it easier for taxpayers to file returns and claim refunds, had for several weeks witnessed technical glitches after its launch on June 7, 2021, and the snags resurfacing again prompted some to wonder if it has been hacked on the anniversary.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Many users </span><span style="background-color: white;">complained that they were unable to log in into the portal, while some complained malfunctioning of the search functionality.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times;"><span style="background-color: white;">“Issue relating to the search functionality of the e-filing website has come to our notice. The Income Tax Department is seized of the matter. @Infosys has been directed to look into it & @Infosys has confirmed that they are resolving the issue on priority,” the I-T department tweeted.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times;"><span style="background-color: white;">The finance ministry officials also assured that there has been no data breach on the portal. Incidentally, Tuesday is the first anniversary of the launch of new Income Tax portal. In the past year, the portal functioning has been marred on several occasions which prompted the government to extend due date of filing tax returns and related forms for all taxpayers.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The new e-filing portal www.incometax.gov.in, launched on June 7, 2021, had a bumpy start since the beginning </span><span style="background-color: white;">with taxpayers and professionals reporting glitches and difficulties in its functioning. Infosys was in 2019 given the contract to develop the portal.</span></span></div><span style="font-family: times;"><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">According to a written reply in the Lok Sabha last year, the government paid Rs 164.5 crore to Infosys to build the new income tax e-filing portal between January 2019 and June 2021.</span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: times;">Read more at:<br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><a href="https://economictimes.indiatimes.com/news/economy/policy/a-year-on-since-launch-i-t-portal-marred-with-another-glitch-infosys-directed-to-fix-issue/articleshow/92056970.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: black; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">https://economictimes.indiatimes.com/news/economy/policy/a-year-on-since-launch-i-t-portal-marred-with-another-glitch-infosys-directed-to-fix-issue/articleshow/92056970.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst</a></span></div></div>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-90851020045891426082022-06-07T22:40:00.007+05:302022-06-07T22:40:53.317+05:30“Pratidhwani” e-Book Launched by Income Tax Department<p>It shows Journey of Income Tax From 2000 to 2022</p><p><a href="https://www.incometaxindia.gov.in/Documents/Coffee-Table-Book-07-06-2022.pdf">Click here to download</a> </p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-5596702147104272272022-06-06T20:13:00.006+05:302022-06-06T20:17:30.313+05:30Module wise new functionalities deployed on the GST Portal for taxpayers<p></p><p class="MsoNormal" style="text-align: justify;"><span style="font-family: times;">06/06/2022</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: times;">Various new functionalities are implemented on the GST
Portal, from time to time, for GST stakeholders. These functionalities pertain
to different modules such as Registration, Returns, Advance Ruling, Payment,
Refund and other miscellaneous topics. Various webinars are also conducted as
well informational videos prepared on these functionalities and posted on GSTNs
dedicated YouTube channel for the benefit of the stakeholders.</span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableColorfulGridAccent3" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-border-insideh: .5pt solid windowtext; mso-border-insidev: .5pt solid windowtext; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-table-layout-alt: fixed; mso-yfti-tbllook: 1184; width: 623px;">
<tbody><tr style="height: 28.8pt; mso-yfti-firstrow: yes; mso-yfti-irow: -1;">
<td style="background: #D6E3BC; border: solid windowtext 1.0pt; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 102; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 34.0pt;" valign="top" width="57">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 5;"><b><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">Sl. No.<o:p></o:p></span></span></b></p>
</td>
<td style="background: #D6E3BC; border-left: none; border: solid windowtext 1.0pt; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 102; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 127.35pt;" valign="top" width="212">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 1;"><b><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">Taxpayer
functionalities deployed on the GST Portal during<o:p></o:p></span></span></b></p>
</td>
<td style="background: #D6E3BC; border-left: none; border: solid windowtext 1.0pt; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 102; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 212.6pt;" valign="top" width="354">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 1;"><b><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">Click
link below<o:p></o:p></span></span></b></p>
</td>
</tr>
<tr style="height: 28.8pt; mso-yfti-irow: 0;">
<td style="background: #76923C; border-top: none; border: solid windowtext 1.0pt; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themeshade: 191; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 34.0pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 68; text-align: right;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">1<o:p></o:p></span></span></p>
</td>
<td style="background: #CDDDAC; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 127; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 127.35pt;" valign="top" width="212">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 64;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">May,
2022<o:p></o:p></span></span></p>
</td>
<td style="background: #CDDDAC; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 127; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 212.6pt;" valign="top" width="354">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 64;"><u><span style="color: blue; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;"><a href="https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_may_2022.pdf" target="blank"><span style="color: blue;">https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_may_2022.pdf</span></a><o:p></o:p></span></span></u></p>
</td>
</tr>
<tr style="height: 28.8pt; mso-yfti-irow: 1;">
<td style="background: #76923C; border-top: none; border: solid windowtext 1.0pt; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themeshade: 191; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 34.0pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 4; text-align: right;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">2<o:p></o:p></span></span></p>
</td>
<td style="background: #EAF1DD; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 51; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 127.35pt;" valign="top" width="212">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">January-March, 2022<o:p></o:p></span></span></p>
</td>
<td style="background: #EAF1DD; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 51; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 212.6pt;" valign="top" width="354">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;"><u><span style="color: blue; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;"><a href="https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_jan_mar_2022.pdf" target="blank"><span style="color: blue;">https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_jan_mar_2022.pdf</span></a><o:p></o:p></span></span></u></p>
</td>
</tr>
<tr style="height: 28.8pt; mso-yfti-irow: 2;">
<td style="background: #76923C; border-top: none; border: solid windowtext 1.0pt; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themeshade: 191; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 34.0pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 68; text-align: right;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">3<o:p></o:p></span></span></p>
</td>
<td style="background: #CDDDAC; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 127; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 127.35pt;" valign="top" width="212">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 64;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">December,
2021<o:p></o:p></span></span></p>
</td>
<td style="background: #CDDDAC; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 127; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 212.6pt;" valign="top" width="354">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 64;"><u><span style="color: blue; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;"><a href="https://tutorial.gst.gov.in/downloads/news/new_%20functionalities_compilation_december_2021.pdf" target="blank"><span style="color: blue;">https://tutorial.gst.gov.in/downloads/news/new_
functionalities_compilation_december_2021.pdf</span></a><o:p></o:p></span></span></u></p>
</td>
</tr>
<tr style="height: 28.8pt; mso-yfti-irow: 3;">
<td style="background: #76923C; border-top: none; border: solid windowtext 1.0pt; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themeshade: 191; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 34.0pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 4; text-align: right;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">4<o:p></o:p></span></span></p>
</td>
<td style="background: #EAF1DD; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 51; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 127.35pt;" valign="top" width="212">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">November, 2021<o:p></o:p></span></span></p>
</td>
<td style="background: #EAF1DD; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 51; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 212.6pt;" valign="top" width="354">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;"><u><span style="color: blue; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;"><a href="https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_november_2021.pdf" target="blank"><span style="color: blue;">https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_november_2021.pdf</span></a><o:p></o:p></span></span></u></p>
</td>
</tr>
<tr style="height: 43.2pt; mso-yfti-irow: 4;">
<td style="background: #76923C; border-top: none; border: solid windowtext 1.0pt; height: 43.2pt; mso-background-themecolor: accent3; mso-background-themeshade: 191; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 34.0pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 68; text-align: right;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">5<o:p></o:p></span></span></p>
</td>
<td style="background: #CDDDAC; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 43.2pt; mso-background-themecolor: accent3; mso-background-themetint: 127; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 127.35pt;" valign="top" width="212">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 64;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">July-September,
2021<o:p></o:p></span></span></p>
</td>
<td style="background: #CDDDAC; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 43.2pt; mso-background-themecolor: accent3; mso-background-themetint: 127; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 212.6pt;" valign="top" width="354">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 64;"><u><span style="color: blue; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;"><a href="https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_july_september_2021.pdf" target="blank"><span style="color: blue;">https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_july_september_2021.pdf</span></a><o:p></o:p></span></span></u></p>
</td>
</tr>
<tr style="height: 28.8pt; mso-yfti-irow: 5;">
<td style="background: #76923C; border-top: none; border: solid windowtext 1.0pt; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themeshade: 191; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 34.0pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 4; text-align: right;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">6<o:p></o:p></span></span></p>
</td>
<td style="background: #EAF1DD; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 51; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 127.35pt;" valign="top" width="212">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">April-June, 2021<o:p></o:p></span></span></p>
</td>
<td style="background: #EAF1DD; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 51; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 212.6pt;" valign="top" width="354">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;"><u><span style="color: blue; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;"><a href="https://tutorial.gst.gov.in/downloads/news/newfunctionalities_compilationaprjun2021.pdf" target="blank"><span style="color: blue;">https://tutorial.gst.gov.in/downloads/news/newfunctionalities_compilationaprjun2021.pdf</span></a><o:p></o:p></span></span></u></p>
</td>
</tr>
<tr style="height: 28.8pt; mso-yfti-irow: 6;">
<td style="background: #76923C; border-top: none; border: solid windowtext 1.0pt; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themeshade: 191; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 34.0pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 68; text-align: right;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">7<o:p></o:p></span></span></p>
</td>
<td style="background: #CDDDAC; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 127; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 127.35pt;" valign="top" width="212">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 64;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">January-March,
2021<o:p></o:p></span></span></p>
</td>
<td style="background: #CDDDAC; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 127; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 212.6pt;" valign="top" width="354">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 64;"><u><span style="color: blue; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;"><a href="https://tutorial.gst.gov.in/downloads/news/newfunctionalitiescompilation_janmar2021.pdf" target="blank"><span style="color: blue;">https://tutorial.gst.gov.in/downloads/news/newfunctionalitiescompilation_janmar2021.pdf</span></a><o:p></o:p></span></span></u></p>
</td>
</tr>
<tr style="height: 28.8pt; mso-yfti-irow: 7;">
<td style="background: #76923C; border-top: none; border: solid windowtext 1.0pt; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themeshade: 191; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 34.0pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 4; text-align: right;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">8<o:p></o:p></span></span></p>
</td>
<td style="background: #EAF1DD; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 51; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 127.35pt;" valign="top" width="212">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">October-December, 2020<o:p></o:p></span></span></p>
</td>
<td style="background: #EAF1DD; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 28.8pt; mso-background-themecolor: accent3; mso-background-themetint: 51; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 212.6pt;" valign="top" width="354">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;"><u><span style="color: blue; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;"><a href="https://tutorial.gst.gov.in/downloads/news/functionalities_released_octtodec2020.pdf" target="blank"><span style="color: blue;">https://tutorial.gst.gov.in/downloads/news/functionalities_released_octtodec2020.pdf</span></a><o:p></o:p></span></span></u></p>
</td>
</tr>
<tr style="height: 2.9pt; mso-yfti-irow: 8; mso-yfti-lastrow: yes;">
<td style="background: #76923C; border-top: none; border: solid windowtext 1.0pt; height: 2.9pt; mso-background-themecolor: accent3; mso-background-themeshade: 191; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 34.0pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 68; text-align: right;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">9<o:p></o:p></span></span></p>
</td>
<td style="background: #CDDDAC; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 2.9pt; mso-background-themecolor: accent3; mso-background-themetint: 127; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 127.35pt;" valign="top" width="212">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 64;"><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;">Compilation
of short videos on Taxpayer functionalities<o:p></o:p></span></span></p>
</td>
<td style="background: #CDDDAC; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 2.9pt; mso-background-themecolor: accent3; mso-background-themetint: 127; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 212.6pt;" valign="top" width="354">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-yfti-cnfc: 64;"><u><span style="color: blue; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><span style="font-family: times;"><a href="https://tutorial.gst.gov.in/downloads/news/compilation_of_short_videos_uploaded_on_gstn_you_tube_channel_from_2020_to_2022.pdf" target="blank"><span style="color: blue;">https://tutorial.gst.gov.in/downloads/news/compilation_of_short_videos_uploaded_on_gstn_you_tube_channel_from_2020_to_2022.pdf</span></a><o:p></o:p></span></span></u></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal"><o:p><span style="font-family: times;"> </span></o:p></p>
<p class="MsoNormal"><span style="font-family: times;">Thanking You<br />
Team GSTN.</span></p>
<p class="MsoNormal"><o:p><span style="font-family: times;"> </span></o:p></p>
<p class="MsoNormal"><o:p><span style="font-family: times;"> </span></o:p></p>
<p class="MsoNormal"><o:p><span style="font-family: times;"> </span></o:p></p>
<p class="MsoNormal"><o:p><span style="font-family: times;"> </span></o:p></p><br /><p></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-2568690149390068072022-06-03T14:21:00.006+05:302022-06-03T14:34:34.423+05:30 Circular issued by CBDT - Clarification regarding Form No 10AC issued till date<p style="text-align: justify;"><span style="font-family: times;">Circular No. 11 of 2022 issued by Department of Revenue, Central Board of Direct Taxes (TPL Division) on 03rd June 2022 clarifying various technical issues in connection with Form 10AC issued till date.</span></p><p style="text-align: justify;"><span style="font-family: times;"><br /></span></p><p align="right" class="MsoNormal" style="margin-bottom: 0cm; text-align: right;"><span style="font-family: times;">Circular No. 11 of 2022</span></p><p align="center" class="MsoNormal" style="margin-bottom: 0cm; text-align: center;"><b><span style="font-family: times;">F.
No.370142/4/2021-TPL<o:p></o:p></span></b></p><p align="center" class="MsoNormal" style="margin-bottom: 0cm; text-align: center;"><b><span style="font-family: times;">Government of India<o:p></o:p></span></b></p><p align="center" class="MsoNormal" style="margin-bottom: 0cm; text-align: center;"><b><span style="font-family: times;">Ministry of Finance<o:p></o:p></span></b></p><p align="center" class="MsoNormal" style="margin-bottom: 0cm; text-align: center;"><b><span style="font-family: times;">Department of Revenue<o:p></o:p></span></b></p><p align="center" class="MsoNormal" style="margin-bottom: 0cm; text-align: center;"><b><span style="font-family: times;">Central Board of
Direct Taxes<o:p></o:p></span></b></p><p align="center" class="MsoNormal" style="margin-bottom: 0cm; text-align: center;"><b><span style="font-family: times;">(TPL Division)<o:p></o:p></span></b></p><p align="right" class="MsoNormal" style="margin-bottom: 0cm; text-align: right;"><span style="font-family: times;">Dated: 3rd June,
2022 </span></p><p align="right" class="MsoNormal" style="margin-bottom: 0cm; text-align: right;"><o:p><span style="font-family: times;"> </span></o:p></p><p class="MsoNormal" style="margin-bottom: 0cm;"><b><span style="font-family: times;">Sub: Clarification regarding Form No 10AC
issued till the date of this Circular - reg.
<o:p></o:p></span></b></p><p class="MsoNormal" style="margin-bottom: 0cm;"><o:p><span style="font-family: times;"> </span></o:p></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">Finance Act, 2022 has inserted sub-section (4) in section 12AB of the
Income-tax Act, 1961 (the Act) allowing the Principal Commissioner or
Commissioner of Income-tax to examine if there is any “specified violation” by
the trust or institution registered or provisionally registered under the
relevant clauses of sub-section (1) of section 12AB or subsection (1) of
section 12AA. Subsequent to examination
by the Principal Commissioner or Commissioner of Income-tax, an order is
required to be passed for either cancellation of the registration or refusal to
cancel the registration. Similar provisions have also been introduced in clause
(23C) of section 10 of the Act by substituting the fifteenth proviso of the
said clause with respect to fund or institution trust or institution or any
university or other educational institution or any hospital or other medical
institution referred under sub-clauses (iv), (v), (vi), (via) of this clause
and which have been approved or provisionally approved under the second proviso
to the said clause. These amendments are effective from 1st April, 2022. In addition to the specified violations
referred above, the power of cancellation has also been granted under sub-rule
(5) of rule 17A and sub-rule (5) of rule 2C of the Income-tax Rules, 1962 ( the
Rules) to the Principal Commissioner or Commissioner authorised by the Board.
This Circular only relates to cancellation of registration/approval or
provisional registration/approval in the case of “specified violation”. </span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">2. The definition of “specified violation” for the purposes of
fifteenth proviso to clause (23C) of section 10 and section 12AB of the Act has
been provided in the respective clause and section. The said definition, inter-alia, includes
instances where any activity of the fund or trust or institution is not being carried out in accordance with
all or any of the conditions subject to which it was approved/ provisionally
approved or registered/provisionally registered.</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">3. It may be noted that as per the new procedure for
approval/registration of charitable entities, which was notified vide
Notification No 19/2021 dated 26.03.2021, the entities seeking re-registration/
approval or provisional registration/ approval (fresh) are required to file an
application in Form 10A. Further, the order granting registration or
provisional registration or approval or provisional approval is made in Form
10AC subject to the fulfilment of certain conditions.</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">4. In view of the amendments
made vide Finance Act, 2022, the conditions
subject to which the registration/approval or provisional registration/
provisional approval was granted to
trusts and institutions need to be revised to align the same with the
amendments made by Finance Act, 2022. </span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">5. In view of the above, it is hereby clarified that,-</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">(i) the conditions contained in Form No. 10AC, issued between 01.04.2021 till the date of issuance of this
Circular, shall be read as if the said conditions had been substituted with the
conditions as provided in the Table 1 with effect from 1st April, 2022; </span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjF4nX2BaZEYJVbf0CvEOf7vpGzKFK96ukmvKdqxiIbqYahfGeBxx2s9FbfhzHebDz6_JMD2V76_u6BAuUkJyuBCXXXVRkI3e6WyE6iZDsZNpmEe70SV0kWtG7y1qudk52VHJBsYVGb2Wbuik-aklpPs8TzWZsbvLkXT3ZzX5HQiyTk9jK5Gh1taiRVuA" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: times;"><img alt="" data-original-height="250" data-original-width="566" height="283" src="https://blogger.googleusercontent.com/img/a/AVvXsEjF4nX2BaZEYJVbf0CvEOf7vpGzKFK96ukmvKdqxiIbqYahfGeBxx2s9FbfhzHebDz6_JMD2V76_u6BAuUkJyuBCXXXVRkI3e6WyE6iZDsZNpmEe70SV0kWtG7y1qudk52VHJBsYVGb2Wbuik-aklpPs8TzWZsbvLkXT3ZzX5HQiyTk9jK5Gh1taiRVuA" width="640" /></span></a></div><span style="text-align: justify;"><span style="font-family: times;"><div class="separator" style="clear: both; text-align: center;"><span style="text-align: justify;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="text-align: justify;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;"><span style="text-align: justify;">(ii) where due to technical glitches, Form No. 10AC has been
issued during FY 20212022 with the heading “Order for provisional registration”
or “ Order for provisional approval” instead of “Order for
registration” or “ Order for approval”,
then all such Form No. 10AC shall be considered as an “Order for registration
or approval” and, in such cases where Form No. 10AC has been issued, -</span></div></span></span></div><p></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">(a) under section code 01 (applications
seeking re-registration),-</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">(i) in the heading
and in rows 6, 7, 9 and 10 the words ,“ provisional registration” shall be read
as “registration”; </span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">(ii) in row 8 the
word “ provisionally registered” shall be read as “registered”;</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">(b) under section codes 03, 04, 05, 06 or 11 (applications seeking
re-approval),-</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">(i) in the heading
and in rows 6, 7, 9 and 10 the words ,“ provisional approval” shall be read as
“approval”; </span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">(ii) in row 8 the
word “ provisionally approved” shall be read as “approved”;</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="font-family: times;">(iii) row no 5 of Form No. 10AC ( issued for all
section codes) shall be read as “Unique Registration Number” instead of
“Provisional Approval/ Approval Number” or “ Provisional Registration/
Registration Number”, as the case maybe.</span></p><p class="MsoNormal" style="margin-bottom: 0cm;"><o:p><span style="font-family: times;"> </span></o:p></p><p align="right" class="MsoNormal" style="margin-bottom: 0cm; text-align: right;"><span style="font-family: times;">(Neha Sahay) </span></p><p align="right" class="MsoNormal" style="margin-bottom: 0cm; text-align: right;"><span style="font-family: times;">Under Secretary </span></p><p align="right" class="MsoNormal" style="margin-bottom: 0cm; text-align: right;"><span style="font-family: times;">TPL Division </span></p><p align="right" class="MsoNormal" style="margin-bottom: 0cm; text-align: right;"><o:p><span style="font-family: times;"> </span></o:p></p><p class="MsoNormal" style="margin-bottom: 0cm;"><b><span style="font-family: times;">Copy to the: <o:p></o:p></span></b></p><p class="MsoNormal" style="margin-bottom: 0cm;"><span style="font-family: times;">1. PS/ OSD
to FM/ PS/OSD to MoS(F). </span></p><p class="MsoNormal" style="margin-bottom: 0cm;"><span style="font-family: times;">2. PS to the
Finance Secretary. </span></p><p class="MsoNormal" style="margin-bottom: 0cm;"><span style="font-family: times;">3. Chairman
and Members, CBDT.</span></p><p class="MsoNormal" style="margin-bottom: 0cm;"><span style="font-family: times;">4. Joint
Secretaries/ CsIT/ Directors/ Deputy Secretaries/ Under Secretaries, CBDT. </span></p><p class="MsoNormal" style="margin-bottom: 0cm;"><span style="font-family: times;">5. C&AG
of India (30 copies). </span></p><p class="MsoNormal" style="margin-bottom: 0cm;"><span style="font-family: times;">6. JS &
Legal Adviser, Ministry of Law & Justice. New Delhi. </span></p><p class="MsoNormal" style="margin-bottom: 0cm;"><span style="font-family: times;">7. Institute
of Chartered Accountants of India. </span></p><p class="MsoNormal" style="margin-bottom: 0cm;"><span style="font-family: times;">8. CIT
(M&TP). Official Spokesperson of CBDT. </span></p><p>
</p><p class="MsoNormal" style="margin-bottom: 0cm;"><span style="font-family: times;">9. Principal
DGIT (Systems) for uploading on departmental website. (Neha Sahay) Under
Secretary TPL Division</span></p><p class="MsoNormal" style="margin-bottom: 0cm;"><span style="font-family: times;"><br /></span></p><p><span style="font-family: times;"><a href="https://drive.google.com/file/d/1GuMrWwaG0_GMCoAqc7OylUaAZXAObvjc/view?usp=sharing">Click here to download complete Circular</a></span></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0tag:blogger.com,1999:blog-8931091619942709318.post-33437265800071319582022-06-01T19:31:00.002+05:302022-06-01T19:31:59.577+05:30Option to add additional trade name made available on GST Portal<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieBDgerYuIOyUMpeoAERa7aROeuPbcEyrW_l3W6rkr4l2CQH8tVIdf4Rt1YmZbfPft7Zff5GnudfMYgtsHAqF1K6J8VpJQ4S2g_JMH-wKjB_3PbfkFaT-CCPjXVt2TcBNkxwt2IyVWaiFVrMxYv09blfknqvXoUyQV0hOw-VbL442CI7hRQIRAglV3uQ/s1080/F5B458B9-71B8-492E-A2ED-6118465DD0B5.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="854" data-original-width="1080" height="506" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieBDgerYuIOyUMpeoAERa7aROeuPbcEyrW_l3W6rkr4l2CQH8tVIdf4Rt1YmZbfPft7Zff5GnudfMYgtsHAqF1K6J8VpJQ4S2g_JMH-wKjB_3PbfkFaT-CCPjXVt2TcBNkxwt2IyVWaiFVrMxYv09blfknqvXoUyQV0hOw-VbL442CI7hRQIRAglV3uQ/w640-h506/F5B458B9-71B8-492E-A2ED-6118465DD0B5.jpeg" width="640" /></a></div><br /><p></p>taxvanihttp://www.blogger.com/profile/16664523623727434371noreply@blogger.com0