About Me

Mr. Praveen Sharma is first class commerce graduate from Delhi University in 2006. He completed his Chartered Accountancy in 2009. He has vast experience in Auditing, Taxation & Management Consultancy Division. 

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GST Updates 22.07.2021

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Namaskar๐Ÿ™ ๐Ÿ‡ฎ๐Ÿ‡ณ GST Updates 22.07.2021 Join our Telegram Channel๐Ÿ“š https://t.me/praveengst 1️⃣ Today is the due date to File GSTR-3B for the Quarter Apr-June 2021 (QRMP Taxpayer < 5 Cr - Rule 61) - Category I States. 2️⃣ CBIC Circular No. 156 issued- Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021. 3️⃣ Arrest, search, summons under GST law not to be affected by Supreme Court’s limitation order: CBIC. 4️⃣ Centre begins review of legal issues in GST such as such as ervices provided by back offices of MNC in India qualify as exports, which are zero-rated and Discounts, reimbursed by FMCG and consumer durables companies to their dealers to sell products at specially reduced prices. 5️⃣ PIL in SC seeks direction to Centre to constitute GST Tribunal. Ask your GST Query❓ gstmitraapp@gmail.com Ask Live on GSTMITRA YouTube Every Saturday 4 PM Regards CA. Praveen Sharma Your's GST Mitra www.thegstmitra.com +91 987153...
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Haryana first state to reimburse GST on Covid-related donations

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  Haryana on Tuesday became the first state in the country to allow reimbursement of goods and services tax (GST) paid on Covid-related donations made to the state and state-run facilities. This will be applicable till June 30. The move is aimed at encouraging efforts by corporations, non-government organisations (NGOs) and individuals and facilitating donations of items such as oxygen concentrators, Covid-19 vaccines, Remdesivir injections, etc. as the country battles the intense second Covid-19 wave. Haryana will reimburse GST already paid on such Covid-19 related items, subject to conditions. “Haryana is facing an acute shortage of liquid medical oxygen and other health equipment such as ventilator, medicines etc… in order to encourage efforts by corporates, NGOs and individuals coming forward to help the state government … by way of donations, it is necessary in the public interest to facilitate donation of such items,” the state government said in a notification on Tuesday. Re...
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Income Tax department detects ‘unaccounted transactions’ worth over ₹500 crore at Ahmedabad real estate firm

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  The Income Tax department raided an Ahmedabad-based real estate developer, resulting in the detection of unaccounted transactions worth more than ₹500 crore, the Central Board of Direct Taxes (CBDT) claimed on Saturday, adding that the operation, which was a part of a tax evasion probe, was also conducted on brokers linked to the developer. Documents have revealed unaccounted income of more than ₹200 crore each in the hands of the real estate group, as well as parties recorded on documents recovered from the brokers. Overall, the exercise led to the detection of unaccounted transactions of more than ₹500 crore,” the CBDT, which frames policy for the IT department, said in a statement, according to news agency PTI. “Several documents related to the purchase of properties over the years, which are apparently held in the name of benami individuals, were also found,” the statement further stated. The recoveries made during the raid include ₹1 crore cash and jewellery worth ₹98 lakh, ...
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