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NEW GST RETURNS: (QRMP) Quarterly Return Monthly Payment Scheme

NEW GST RETURNS: (QRMP) Quarterly Return Monthly Payment Scheme

Introduction: GST Council in its 42nd meeting held on 05.10.2020, had recommended that registered person having aggregate turnover up to five (5) crore rupees may be allowed to furnish return on quarterly basis along with monthly payment of tax, with effect from 01.01.2021. Eligibility for the QRMP Scheme: In terms of notification No. 84/2020- Central …

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UNEXPLAINED CASH CREDIT- SECTFION 68

UNEXPLAINED CASH CREDIT – IN DEPTH ANALYSIS OF SECTION 68

UNEXPLAINED CASH CREDIT – IN DEPTH ANALYSIS OF SECTION 68 Section 68 of Income Tax Act is one of the debated section which brings huge numbers of litigation and judgements, especially in case of Demonetisation, we have seen a numbers of assessment order have been passed by the assessing officer invoking section 68 and consequently …

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