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Section 123 of GST – Penalty for failure to furnish information return Statutory provision If a person who is required to furnish an information return under section 150 fails to do so within the period specified in the notice issued under sub-section (3) thereof, the proper officer may direct that such person shall be liable to pay a penalty of one hundred rupees for each day of the period during which the failure to furnish such return continues: Provided that the penalty imposed under this section shall not exceed five thousand rupees....

Section 154 of GST – Power to take samples Statutory provision The Commissioner or an officer authorised by him may take samples of goods from the possession of any taxable person, where he considers it necessary, and provide a receipt for any samples so taken. Analysis and Updates Introduction This Section discusses about authority of the GST officers to draw sample of goods. Analysis Sample of any goods may be drawn by the Commissioner or any officer who is authorised by him....

Section 4 of GST – Appointment of officers (1) The Board may, in addition to the officers as may be notified by the Government under section 3, appoint such persons as it may think fit to be the officers under this Act. (2) Without prejudice to the provisions of sub-section (1), the Board may, by order, authorise any officer referred to in clauses (a) to (h) of section 3 to appoint officers of central tax below the rank of Assistant Commissioner of central tax for the administration of this Act....

Section 44AE and the Section 44AD are the sections where the presumptive basis to the businesses. Section 44AE deals with the dealers which has the business of plying or leasing of goods carriage where as Section 44AD deals with the presumptive of the other Businesses. What is exactly all about Section 44AE ? Section 44AE : Assessee covered u/s 44AE & disclosing lower profits than deemed profits, shall be required to keep and maintain such books of account u/s 44AA & get them audited and furnish a report of such audit as required u/s 44AB A taxpayer who has trucks or any heavy vehicles not more than 10 vehicles than such taxpayer who is engaged in the business of plying, hiring, or the leasing of the heavy vehicles than such taxpayer can assume his income to be Rs 7500 per vehicle per month and file his I....

Section 57 of GST – Consumer Welfare Fund The Government shall constitute a Fund, to be called the Consumer Welfare Fund and there shall be credited to the Fund, — (a) the amount referred to in sub-section (5) of section 54; (b) any income from investment of the amount credited to the Fund; and (c) such other monies received by it, in such manner as may be prescribed. Analysis and Updates Introduction If the applicant is unable to prove that the incidence was not actually passed onto any other person then the refund amount is credited to the Consumer Welfare Fund....

Her full name is Shakira Isabel Mebarak Ripoll, better known by her stage name Shaki. She is one of the most popular singers in the country and has managed to sell more than 125 million albums and tracks all around the world. Shakira’s hit singles and music led her to become one of the most successful female singers of all time. She won numerous awards and accolades throughout her career such as Grammys, MTV Video Music Awards, and many more....

Shehnaaz Kaur Gill especially gained popularity in India as well as in other countries, when she appeared in the top reality tv show ‘Bigg Boss 13, for which she received so much appreciation for her appearance in the show. The actress has a huge fan following with over 10 million fans on her Instagram. Apart from the Tv shows she also has done several music videos. Here we will be talking about the total Net Worth of Shehnaaz Kaur Gill her income, properties, luxury lifestyle, various brand sponsorships, amazing car collections, lavish house, career, and biography....

Shifting of Existing Input Tax Credit on Closing Stock to GST Regime 1. GST Practical Approach Old Taxation Vs GST 2. Stock in Hand within 12 months, Duty Invoice Available 3. Stock in Hand within 12 months, Duty Invoice Not Available 4. Stock in Hand before 12 months, Duty Invoice Available TRANSITIONAL ARRANGEMENTS FOR INPUT TAX CREDIT (SEC 140 (3) Person not liable to be registered under existing law but liable in GST ,shall be entitled to take, in his electronic credit ledger, credit of eligible duties in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock on the appointed day, subject to the following conditions, namely:...

Shivangi Joshi became more popular for her name Naira Singhania in the most famous television serial ‘Yeh Rishta Kya Kehlata Hai’. She is also a good dancer and trained in Kathak dance. Shivangi has done so many successful serials, She acted in almost 8 serials in her career. She is also known for her serious acting skills. Apart from acting, few celebrities have such a huge fan base at a very young age, and Shivangi Joshi is one of them....

Take into account the appropriate light output There are high-output fluorescent and high-intensity lighting systems. Additionally, LED lighting can improve energy efficiency and save money. To help you achieve the overall progressive goal for your commercial lighting, you’ll need to strike a delicate balance. LED lighting is, in most cases, the superior option to other traditional lighting systems. The ability to provide a higher light output while also being more cost-effective is why wholesale lighting is good....

Then in June, they updated their estimated to go above 6% which is the biggest jump since 1983. However, the sad part is, last time in 2008 when there was an increase of over 5% in COLA, the subsequent years were followed by no increase. Here’s a complete Cost of Living Adjustment increase in the past decade: Whenever inflation rises, things get ugly for the retired senior citizens as their fixed budget gets impacted....

Statutory Due Dates 2020 Same time limit of Regulation 34 CA Final ResultCA IPCC ResultCA CPT ResultPAN Name By PAN No,Know Your PANincometaxefilingForm 3CA 3CB 3CD In Word ExcelList of Taxes which Common Man pay in IndiaDeduction for School Fees Paid u/s 80cIncome Tax Assessment ProcedureDue Date for Payment of Service Tax

In this article, we will give you all the details about Stefon Diggs’s net worth, income, career, personal life, etc. Also check Wanderlei Silva Net Worth, Fedor Emelianenko Net Worth and Frank Mir Net Worth. Stefon Diggs Net Worth Stefon Diggs’s net worth is $20 Million. Stefon is a famous football player in NFL. He is known for being one of the highest-paid athletes on the team. Stefon earns most of his income through his professional salary....

Stephanie was among the top five supermodels in the world, which is quite an achievement. She was also featured in the Sports Illustrated Swimsuit Issue during that period. Apart from that, she has also been featured on the cover of Vogue international, and she has also been a Victoria’s, Secret Angel. Stephanie Seymour has also published a book, where she has shared some beauty tips. She has also participated in numerous advertisements and clothing campaigns, which made her very rich....

He was one of those people who started a company called Microsoft. We also know him as the owner of an NBA team. When controversy hit the Los Angeles Clippers, he was someone who bought that franchise and he is the current owner of the Los Angeles Clippers. We are talking about One of Bill Gates’ best friends. We are talking about Steve Ballmer. Steve Ballmer has a net worth of a hundred billion dollars....

RIL has 110 brands and products. At the same time, there are partnerships with 45 companies.RIL’s chemical company is named Relab, which works on linear alkyl benzene. Structure of Reliance Due to Coronavirus, many companies across the country and the world have come on the backfoot. In such a situation, Reliance Jio, the company of the country’s richest businessman Mukesh Ambani, has surprised everyone by partnering with Facebook. Facebook will invest Rs 43,574 crore in Mukesh Ambani’s Jio....

Biography and Early Life Sushil Kumar was born and raised in Delhi. His father was a driver in MTNL Delhi. His financial condition was not that great. His mother was a housewife. He also has a cousin, Sandeep who also wanted to be a wrestler. Although, Sushil Kumar was more talented than him, so he decided to step down, as the family doesn’t had enough money make both of them a wrestler....

As of 2022, his annual income is $250,000. The primary source of his income comes from writing scripts, acting in various movies, and directing movies. Taylor has produced many movies and TV series under his production company and earns a massive amount of income from it as well. In this article, we will give all the details about Taylor Sheridan net worth, income, career, personal life, etc. Also check Johnny Depp Net Worth, Jackie Chan Net Worth....

Definition of the GST Act The IGST Act defines export as the taking out of goods or services from India to a place outside India. As per the Act, goods and services that are exported are considered “zero-rated supplies”. Taxable persons who export such goods and services are also eligible for claiming refunds on the GST paid. Thus, the GST rate is 0% for exports. Procedure to Avail GST Refund Integrated GST is applicable on inter-state supplies of goods and services, as well as on imports and exports of India....

Tiki Barber’s Net Worth is $93 Million US Dollars. Tiki Barber’s wife is Traci Lynn Johnson. Tiki Barber currently resides in Virginia, USA. What is Tiki Barber Net Worth and Wealth? The world’s best American football running back “Tiki Barber” has a net worth of $93 Million. According to various online resources (Wikipedia, Forbes, IMDB), the most popular American football running back Tiki Barber estimated net worth of around $93 Million....