National Tax and Accountants'​ Association - NTAA’s Post

Thought bubble TPB Code of Professional Conduct changes - 'dob in' clients relating to false or misleading statements. The requirement / obligation is on the tax agent to do so and imposed by the TASA. The targeted behaviour is regarding the client. The question Lisa Greig and I are reflecting on: Should it be the ATO or the TPB that provides the digital channel and therefore administers it? The new Obligation 15 refers to the Board or the Commissioner being notified, however if this fundamentally falls within the registered tax practitioners obligations, should the Board be the first port of call? We certainly appreciate that the false or misleading statement may relate to what has been submitted to the Commissioner. #TASA #TASACode #TPB #ATO https://lnkd.in/gbYAiNpY

Advisory on issuance of Notices/Orders without digital signatures of the issuing authorities: Doubts have been created regarding the validity of documents issued by the tax officers on the common portal viz. Show cause Notices, Order of Assessment, Refund Orders etc. which are not containing the Digital signatures on the pdf. document downloaded from the common portal. In this context, it is to be mentioned that such documents (i.e. SCN/Orders) are generated on the common portal from the login of the officer, who logs in through Digital Signatures. Further, these documents being compute... ... ... http://dlvr.it/TDj0Jc #TaxLaws #News #TaxTMI

TPB chair speaks on new code rules, shuts down ‘scaremongering’. TPB guidance on the way, but after the start date of Tax Agent Services (Code of Professional Conduct) Determination 2024, being 1 August 2024. Some points to note from TPB chairman Peter de Cure: - Expect the TPB to be pragmatic. - The TPB sees the Determination as consistent with the Code. - The instrument provides clarity. - Re confidentiality, the instrument provides a legal and positive obligation on the practitioner to make disclosures. - The TPB would not take a broad approach with "any" matters influencing a clients decision to engage: doesn't include personal religious beliefs, political beliefs and would be compatible with human rights and right to privacy, political communication and personal beliefs. - Mental health could be a possible relevant matter but subject to consultation process. - If practitioners are brought to the attention of the TPB due to other issues, the TPB will "probably" look at how they are managing the Code items. #Code #taxpractitioners #TPB #legislativeinstrument #TASA https://lnkd.in/gWuVvzpq

❗️ Attention Registrants: Grace Period Announced! 📢 The FTA now requires registrants to update any changes to their tax records (e.g., name, address, business details). 💡 Good news: No penalties will apply for updates made during the grace period from 🗓 1 January to 31 March 2025 🗓! 🔄 Automatic Reversals: Any penalties issued since 1 January 2024 will be reversed, with credits applied if payments were already made. 🔔 Stay Compliant and make use of this grace period to keep your records updated! #TaxUpdate #FTA #Compliance #Business #GracePeriod #BusinessUpdate #TaxCompliance #StayUpdated #Regulations #FinancialUpdate #TaxProfessionals #TaxPolicy #FTAUpdates #BusinessRequirements #CorporateCompliance

#TaxmannAnalysis #GST #SCN Missed Taxmann's Advisory & Research Webinar on Handling Show Cause Notices under GST with Case Studies and Sample Formats? Don't worry; we have got you covered! • PPT Link: https://lnkd.in/d72A4_yn • Video Link: https://lnkd.in/gmtc52SG [62 Mins | Watch Time] 📋 Coverage of the Webinar: ✔️ Background and Statutory Provisions ✔️ Key Issues in Relation to Issuance of Show Cause Notice (SCN) • Authorisation of Officers Under GST • Cross Empowerment of Powers ✔️ Key Issues in Relation to Adjudication of SCNs ✔️ Case Studies • Validation of SCN • Cross Empowerment of Powers ✔️ Emerging Disputes and Controversies ✔️ Manner of Drafting a Reply to SCNs • Key Considerations • Sample Formats 📢 Compiled by: • kishore kumar – Leader | Taxmann’s Advisory & Research (Indirect-tax) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://lnkd.in/dXuaSZhc #TaxmannUpdates #ShowCauseNotice #ITC

Advisory on issuance of Notices/Orders without digital signatures of the issuing authorities Sep 26th, 2024 Doubts have been created regarding the validity of documents issued by the tax officers on the common portal viz. SCN/Orders without the Digital signatures on the pdf. document downloaded from the common portal. In this context, it is to be mentioned that such documents are generated on the common portal from the login of the officer, who logs in through Digital Signatures. #gst

on Thursday, April 21 2024. I was given the opportunity by the DDTC company to take part in the HRDP program with the title "Tax Risk Mitigation in Facing SP2DK. The discussion topic discussed was regarding 1. Legal Framework related to strengthening tax supervision through SP2DK 2. Potential for implementing SP2DK 3. Stages in the SP2DK process 4. Preparation of optimal response letters in response to SP2DK 5. Preparation of calculation working papers and supporting documents 6. study some of the findings in SP2DK and discuss case studies 7. remember important notes in completing and understanding potential inspection proposals related to SP2DK

Advisory on issuance of Notices/Orders without digital signatures of the issuing authorities: Doubts have been created regarding the validity of documents issued by the tax officers on the common portal viz. SCN/Orders without the Digital signatures on the pdf. document downloaded from the common portal. In this context, it is to be mentioned that such documents are generated on the common portal from the login of the officer, who logs in through Digital Signatures.

𝗜 𝘄𝗼𝗻 𝘁𝗵𝗲 𝗚𝗦𝗧 𝗔𝗽𝗽𝗲𝗮𝗹 𝗯𝘆 𝗘𝘅𝗽𝗼𝘀𝗶𝗻𝗴 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗴𝗿𝗼𝘂𝗻𝗱𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗡𝗼𝘁𝗶𝗰𝗲 𝗮𝗻𝗱 𝗢𝗿𝗱𝗲𝗿..!! Friends, Recently, one of my known Tax Professional approached me for handling GST Appeal. It's not that Tax Professional doesn't handle appeals, but in this case, the amount involved was substantial and the merits in the case were weak. 𝗪𝗵𝗮𝘁 𝗜 𝗵𝗮𝘃𝗲 𝗹𝗲𝗮𝗿𝗻𝗲𝗱 𝗶𝗻 𝘆𝗲𝗮𝗿𝘀 𝗼𝗳 𝗟𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝘁𝗵𝗮𝘁 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂𝗿 𝗺𝗲𝗿𝗶𝘁𝘀 𝗮𝗿𝗲 𝘄𝗲𝗮𝗸, 𝘁𝗿𝘆 𝘁𝗼 𝗳𝗶𝗻𝗱 𝗽𝗿𝗼𝗰𝗲𝗱𝘂𝗿𝗮𝗹 𝗱𝗲𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆. I went through all the papers, from initial Notice (Form DRC-01) to Reply (DRC-06) and then the Order (DRC-07). While making notes in this case, I found that the ground in Notice and the Order were not exactly same. While going through the language, I found that Notice was on the ground of mismatch of ITC in GSTR-2A and GSTR-3B. While passing the Order, the ground for making additions to the ITC was the Bogus ITC claim based on dealers whose registration was cancelled retrospectively. We took this as main ground of our Appeal. I was more worried for the hearing. The D-day came, and we both went for the hearing. During personal hearing, I just opened the Notice and concluding paragraph of Order before the Appellate Authority. I simply asked the question, "𝘚𝘪𝘳, 𝘪𝘴 𝘵𝘩𝘪𝘴 𝘰𝘳𝘥𝘦𝘳 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦, 𝘢𝘴 𝘐 𝘸𝘢𝘴 𝘯𝘦𝘷𝘦𝘳 𝘤𝘩𝘢𝘳𝘨𝘦𝘥 𝘧𝘰𝘳 𝘧𝘢𝘬𝘦/𝘣𝘰𝘨𝘶𝘴 𝘐𝘛𝘊 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘖𝘳𝘥𝘦𝘳 𝘪𝘴 𝘱𝘢𝘴𝘴𝘦𝘥 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘵𝘩𝘪𝘴." The First Appellate Authority was an intelligent and experienced person. He understood and assured us that, okay, I will look into the matter. I asked the date for the next hearing, and he politely refused, saying that, I have understood the whole case and you will get this order within a week once I go through the file. And as he promised, we got favourable order by exposing the procedural issue. Key Learning: 𝗜𝗳 𝘆𝗼𝘂 𝗳𝗼𝗰𝘂𝘀 𝗼𝗻 𝗽𝗿𝗼𝗰𝗲𝗱𝘂𝗿𝗮𝗹 𝗱𝗲𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝗶𝗲𝘀, 𝘁𝗵𝗲𝗻 𝘆𝗼𝘂𝗿 𝗰𝗵𝗮𝗻𝗰𝗲𝘀 𝗼𝗳 𝘄𝗶𝗻𝗻𝗶𝗻𝗴 𝘁𝗵𝗲 𝗰𝗮𝘀𝗲 𝗮𝗿𝗲 𝗺𝘂𝗰𝗵 𝗵𝗶𝗴𝗵𝗲𝗿 𝗶𝗻 𝗰𝗼𝗺𝗽𝗮𝗿𝗶𝘀𝗼𝗻 𝘁𝗼 𝗺𝗲𝗿𝗶𝘁. I hope you will find this writeup useful.

#TaxmannAnalysis #InputTaxCredit Missed Taxmann's Webinar on Demystifying the Onus in the Case of Input Tax Credit with Case Laws? Don't worry; we have got you covered! • PPT Link: https://lnkd.in/dx-8NdKt • Video Link: https://lnkd.in/dSkftGCw [51 Mins | Watch Time] 📋 Coverage of the Webinar: ✔️ Introduction to Input Tax Credit (ITC) ✔️ Conditions for ITC – Section-16 ✔️ Onus to Prove Eligibility ✔️ Genuineness of the Transaction  ✔️ Department Clarifications ✔️ Supplier doesn't Pay – Legal Position  ✔️ Registration Certificate is Cancelled  ✔️ Non-Existent Supllier  ✔️ Q&A Session 📢 Compiled by: • Kamal Aggarwal – Chartered Accountant 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://lnkd.in/dXuaSZhc #TaxmannUpdates #GSTR #GSTRegistration #GSTCompliance