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I am a professional CA and My hobby is writing, sharing knowledge and keep update with trending news for CA students. My current company is Tax Gyata where I am practicing CA

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3 Replies on 3 Issues
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Issue Id: 118414
For purpose of Capital Gain on sale of Capital assets purchased before April’2001, section 55 provides for treating fair market value as on ... Read Full Issue
Date 11 Mar 2023
Replies 1 Reply
Views 3359 Views
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Issue Id: 118403
Say, I bought an item from a whole seller at 5% GST. Total value was Rs. 105. So my input tax credit is Rs. 5. So if I sell the item for Rs. 190, ... Read Full Issue
Date 04 Mar 2023
Replies 1 Reply
Views 21603 Views
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Issue Id: 118171
RTP filed GSTR 3B with wrong inputs both in outward liability and ITC however correctly filed GSTR-1 for that month. Subsequently filed GSTR 9 and 9C ... Read Full Issue
Date 28 Sep 2022
Replies 1 Reply
Views 7397 Views
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GST circulars clarification: timely monitoring ensures compliance and reduces risk of penalties under evolving GST regulatory updates.
The note explains GST circulars as authoritative administrative instruments that clarify registration, returns, payment, classification and other compliance obligations under the GST framework; it stresses that regular monitoring of these circulars via official websites, subscriptions, social media and professional advisers is necessary to align business processes with regulatory changes and to mitigate penalties for non compliance. (AI Summary)
Author
Date 10 Feb 2023
Nikita Rai
Organization
Organization

Tax Gyata

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Connected

September 2022