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Showing posts from December, 2019

NEW Online Refund Processing implemented on GST Portal - Reg

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The online processing of refund applications and single authority disburse men  has been implemented on GST Portal w.e.f. 26 th  September, 2019 .  The taxpayers are advised to take note of the following changes: 1.    Filing Refund application in Form GST RFD 01:   Refund applications  will be filed by the taxpayers in Form GST RFD-01 and the same will be processed  electronically/ online by the tax-officers. Note:  (i) The Form GST RFD-01A for filing refund applications has been disabled on the  portal.  However, the taxpayer will be able to view the status of their earlier filed Form GST  RFD-01A applications on the Portal. (ii) Please note that all refund applications filed by taxpayers in Form GST RFD-01A  before  25th September, 2019 will be  processed manually  and refund amount will be  disbursed, as was done under the earlier refund process. 2. ...

income tax department of India

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5 Reasons    you may get a notice from the income tax department of India You may get distressed if you get a Show cause notice from the income tax department. You can get a Income tax notice for many reasons. These could include non    filing of return under income tax on time allotted, estimation errors, not provided detail income accurately or even declaring excessive losses. Mithlesh Sharma, Senior Partner, SetyourBiz Corporate Consultants llp said, "Taxpayers, in common, are issued notices of income tax under Section 139(9), 143(1), 143(2), 143(3), 245, 144, 147 and 148 of Income Tax Act, 1961 regarding non-filing of Income tax return, secretion of taxable income, claiming an not genuine tax refund, calculating excessive income tax losses, long term capital gains (LTCG), scrutiny etc." Here are TEN ordinary reasons taxpayers can get notice from income tax department and how they can keep away them. 1. For delay filing Income tax return If anyone...