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Section 148 of gst

WebSection 148 of CGST Act 2024: Special Procedure for Certain Processes (CHAPTER XXI – MISCELLANEOUS) The Government may, on the recommendations of the Council, and … WebSection 8(1): amended, on 20 May 2010 (applying to supplies made on or after 1 October 2010), by section 45(1) of the Taxation (Budget Measures) Act 2010 (2010 No 27). …

Notice under section 148 of Income Tax Act, 1961

Web29 Jun 2024 · (a) the date of payment as entered in the books of account of the recipient or the date on which the payment is debited in his bank account, whichever is earlier; or (b) the date immediately following sixty days from the date of issue of invoice or any other document, by whatever name called, in lieu thereof by the supplier: Web7 Aug 2024 · Rule 148 of the CGST Rule restricts any officer from taking part in the bidding. In the case of recovery, the officer has the right to sell the goods. But they cant bid for the … strong coupling constant https://fridolph.com

Validity of Notices issued u/s 148 after 1st April Taxmann

Web• The taxpayers1 had been issued notice under section 148 of the Act to initiate reassessment proceedings. • The taxpayers have challenged the validity of the notice … Web2 Sep 2024 · Section:148 Issue of notice where income has escaped assessment. (Earlier Provision exist upto. 31st March 2024) (1) Before making the assessment, reassessment … Web17 Feb 2024 · Section 148a of the Income Tax Act, 1961, deals with the reopening of assessments. It allows the Income Tax Department to reopen an assessment within four … strong court portadown

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Category:Section 148 of Income Tax Act 1961: Notice and Reply

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Section 148 of gst

Reopening of Assessments U/S 147 with Notice U/S 148A(b)

Web11 Apr 2024 · Cost audit is prescribed under Section 148 of the Companies Act, 2013. A secretarial audit, which is prescribed under Section 208 of the Companies Act, 2013, The concurrent audit, stock audit, and branch audit are the types of statutory audits that are prescribed under the Banking Act. Web10 Apr 2024 · (C) Special procedure for Revocation of Cancellation of GST registration. Notification No.03/2024 issued by the Central Government of India on March 31st, 2024, …

Section 148 of gst

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Web15 Feb 2024 · About Assessment under section 147. The Finance Act of 2024 has brought about significant changes in the assessment proceedings related to Income escaping … Webthere is no requirement to file any GST/HST returns in respect of the commercial activity. Pursuant to subsection 148(1), a person qualifies as a small supplier throughout any …

Web2 days ago · Anurag Gupta Vs ITO (Bombay High Court) Bombay High Court held that initiation of re-assessment proceedings in violation of the procedure prescribed under section 148A (b) of the Income Tax Act i.e. without supplying requisite material is bad in law and liable to be set aside. Facts- The Petitioner challenges the notice under Section 148 … Web1 Apr 2024 · The time limit to issue notice under Section 148 of the Income Tax Act, 1961 for the Assessment Years 2015-2016 onwards was not expiring within the period for which Section 3(1) of Relaxation Act ...

WebThe Secretary of State has concluded, having regard to earlier orders made under section 148 of that Act, that earnings factors for the relevant tax years have not, during the period …

Web9 Apr 2024 · Time Limit for issuing notice u/s 148 of Income Tax Act, 1961. If escaped assessment amounts to : 1. Less than Rs. 50 Lakhs. Within 3 years from end of relevant Assessment Year. 2. Rs.50 Lakhs or More. Within 10 years from end of …

Web1 Apr 2024 · The time limit to issue notice under Section 148 of the Income Tax Act, 1961 for the Assessment Years 2015-2016 onwards was not expiring within the period for … strong cpl 1000Web1 day ago · This section was introduced by the Finance Act, 2024, and is applicable from 1st April 2024. The notice under section 148A can be issued by the AO if they have reason to believe that the person has failed to furnish a return of income under section 139, failed to furnish a report under section 92E, or failed to furnish a statement of financial ... strong cp problem axionWeb2 days ago · Further the council points out that the notice under section 148 of the Income Tax Act has been issued by one Assessing Officer and the assessment has been made by another. The requirement of the law is that the assessment order should be passed by the same Assessing Officer who has issued the notice. strong cover letter for job applicationWeb23 May 2024 · Accordingly, the notices relating to any assessment year issued under section 148 on or after 1st April, 2024 have to comply with the provisions of sections 147, … strong cpl wifiWeb1 day ago · Recently a spate of notices have been issued by the Income Tax Department directly u/s 148 of the Act, invoking the Explanation-2 to section 148 which provides for exception to the pre assessment procedure of section 148A. We provide herewith our take on how to deal with such notices: The amendment to section 148 to section 151 […] strong cpl 500Web14 Apr 2024 · Petitioner cannot be denied GST Refund because of allegations of any fake credit availed by its supplier: High Court. March 21, 2024 0 Comments. ... Reassessment … strong cpl 500 mbpsWeb13 Apr 2024 · Explanation 1 to section 148 furnishes the legal definition of “information which proposes that the income has escaped assessment”. Explanation 2 concerns, in cases of investigation and requisition NO data as specified in Explanation 1 to section 148 is needed via the AO to issue notice u/s 148. strong cpep