GST on BRICKS – Tax Rate, ITC, Reporting and Other Matters

From 1st April 2022, rate of tax along with the claiming of Input Tax Credit and the reporting details of the same in GSTR 1 has undergone major changes. We are trying to explain the same in an easy way as below: Nature of BRICKS covered: Tariff Item Description Rate till 31.03.22 Rate from 01.04.22 […]

Are you liable to file Income Tax Return

Dear Reader, Kindly find the attached image describing whether you are liable to file your Income Tax Return or not. Due to formatting issue, we could not bring text here and so attached the image file. Just zoom in to check the image.

Revised Due Dates for GST Returns

Dear Reader,   CBIC has notified the due dates for GSTR 3B and GSTR 1 for the period July 2018 to March 2019.   In the preceding two GST Council Meetings, a comprehensive discussion was made on the new return design system, format of new return, simplification of the existing return designs etc.   However,[…..]