Question
Which of the following statements is/are not true with
respect to the amnesty scheme launched by the Finance Ministry for filing appeals against GST demand orders? I. The amnesty scheme will be open till January 31, 2024, and will be available for entities that were unable to submit their appeals against orders issued by the tax officer on or before March 31, 2023. II.So far, the GST law allowed an assessee to file an appeal against an assessment order seeking taxes within four months of the tax officer passing such a demand order. III.The timeline to file an appeal against an assessment order seeking taxes csn be extended by three more months.Solution
The finance ministry has come out with an amnesty scheme for filing appeals against Goods and Services Tax (GST) demand orders. The scheme, which will be open till January 31, 2024, will be available for entities that were unable to submit their appeals against orders issued by the tax officer on or before March 31, 2023. So far, the GST law allowed an assessee to file an appeal against an assessment order seeking taxes within three months of the tax officer passing such a demand order. This can be extended by one more month.This initiative will promote enhanced compliance among taxpayers. By offering a fair and lenient approach to appeal filing, it encourages better cooperation with tax authorities and a willingness to resolve disputes or clarify tax matters.
The cost of capital for a firm _______.
Which of the following is the correct full form of REIT?
In the context of ICDS V, which category of assets does this standard specifically address?
XYZ Ltd. plans to buy back 10% of its paid-up equity capital. It has reserves of ₹20 crore and total debt of ₹80 crore. As per Companies Act and SEB...
__________ guides how to account for taxes on income.
The company should file form _______ with the board resolution and with prescribed fee to the Central Government for appointment of the cost auditor.
Focus of financial management is to address three major financial decision areas.
Which of the following in not the major financial decision area?
What does section 6 of the Income Tax Act deal about?
XYZ Ltd has the following financial data:
• Inventory Holding Period: 90 days
• Receivables Collection Period: 60 days
• Paya...
What does Standard Costing help in?