1. Organisation for Economic Co-operation and Development (OECD) has proposed to expand government rights to tax multinationals, especially big internet firms, by releasing a methodology for such taxation.
2. Income Tax AO has no power to presume that money found in possession of a person belongs to third person. [2019] 109 taxmann.com 388 (Patna). HIGH COURT OF PATNADharmraj Prasad Bibhuti v. ITAT Patna.
3. GSTR-1 & GSTR-3B notified till March 2020 for all category of tax payer. Mandatory to match ITC with 2A, otherwise total unmatched credit cannot exceed 20% of ITC as available in 2A. GSTR-3B now declared return from 01.07.2017 (Amended Rule 61(5)
4. GST: Voluntary payment of tax to be intimated vide DRC-01A and not DRC-03. Annual Return for assessee below 2 crore turnover is deemed to have filed, if not filed .
5. GSTR 1 due dates in October, 2019
(1) For monthly filers for the month of September, 2019 - 11.10.2019
(2) For quarterly filers forthe Quarter July, August, September, 2019 - 31.10.2019.
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