5,537 Views
Recent update
CBDT issued a guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2023-24 vide F.No. 225/66/2023/ITA-II ...
Read More
Read More
Registration Advisory no. 23/2023 dated 15.05.2023 has been issued by "Office of the Principal Additional Director General of Systems & ...
Read More
Read More
GSTN has enabled the option to file annual return in GSTR-9 and 9C for F.Y. 2022-23. The due date for ...
Read More
Read More
1. Notification No. 02/2023 - Waiver of Late Fee for Composition Dealer - Maximum Late Fee Rs.250.00 and if Central ...
Read More
Read More
NIC is happy to introduce e-invoice2 portal. It is second portal of NIC – IRP (National Informatics Centre – Invoice ...
Read More
Read More
No need to take registration for Specified category of persons exempted from obtaining GST registration: It has been proposed to ...
Read More
Read More
GST Article
AAR of one state cannot provide ruling on liability arising in another state
The AAR, Telangana, in the matter of M/s. Comsat System Private Limited [Advance Ruling No. 51/2022 dated October 20, 2022] ...
Read More
Read More
Delay in issuing SCN cannot justify the continuation of the provisional attachmentfor several years
The Hon’ble Madras High Court in the case of Nitesh Jain Mangal Chand v. The Senior Intelligence Officer [W.P.No.18776 of ...
Read More
Read More
Directed the AO to allow cross examination of witness by the assessee
The Hon’ble Jharkhand High Court in Madhu Korah v. Income Tax Department through Director General [W.P (T) No. 538 of ...
Read More
Read More
Assessee directed to approach the Revenue Department to avail the benefit of special procedure for revocation of cancelled GST registration
The Hon’ble Gujarat High Court in M/s. Radhe Packaging v. Union of India [R/s Special Civil Application No. 5673 of 2023, ...
Read More
Read More
GST in Media
The industrial units based in Gujarat's GIDC estates are opposing the levy of goods and services tax (GST) on transfer ...
Read More
Read More
Courts are increasingly giving relief to taxpayers by staying GST demands, pending formation of the GST Tribunal that would provide ...
Read More
Read More
Small businesses that sell goods through e-commerce platforms fear a recently launched drive against fake Goods and Services Tax (GST) ...
Read More
Read More
April marks a 'good beginning' to FY24, the finance ministry said, pointing to strong goods and services tax (GST) collection ...
Read More
Read More
In a significant development in GST department's campaign to combat suspicious and fake registrations, approximately 4K firms from Ludhiana have ...
Read More
Read More
The Excise and Taxation Department is taking a bold step towards increasing revenue and strengthening its capacity by embracing modern ...
Read More
Read More
It isn't just GST authorities who have run against a legal wall in their attempt to claim Rs. 21,000 crore ...
Read More
Read More
The government is all set to bring a one-time settlement policy for over 44,000 defaulters of various state taxes, including ...
Read More
Read More
CGST Department's drive to identify suspicious and fake companies registered under GST has sent the city businessmen into a tizzy, ...
Read More
Read More
The Goods and Services Tax Network (GSTN), which is the technology interface between government and taxpayers, is due to be ...
Read More
Read More
Income Tax in Media
Taxpayers are eligible to receive refunds if the tax paid by them exceeds the liability. The Income Tax Department processes the returns and assesses the tax liability based on the returns filed by a taxpayer. Individuals can check their income tax refund status online. Step 1: Head to the income tax ...
Read More
Read More
India is taking steps to impose tax on income generated by Netflix Inc's from streaming services in the country, reported Reuters citing a Economic Times reported. In a draft order, the tax authorities attributed an income of about Rs. 55 crore ($6.73 million) to Netflix's Indian permanent establishment (PE) in the ...
Read More
Read More
Under the Income Tax Act, penalties are levied for various defaults committed by a taxpayer. Apart from penalty on defaults like not making payment of Self Assessment Tax, default in payment of taxes, default on furnishing return of income and others, Income Tax department also levies penalty for underreporting and misreporting ...
Read More
Read More
The Supreme Court has held that an institution earning profit from educational activities will not get exemption from income tax. With this it has reversed Punjab & Haryana High Court judgment where Baba Banda Singh Bahadur Education Trust was allowed exemption despite making profit from educational activities. “In the recent decision ...
Read More
Read More
The Income Tax department on Monday claimed to have recovered Rs. 15 crore cash from searches at 60 locations related to steel manufacturing company, spread across four states, including UP. Sources in the I-T department said that the company evaded tax to a tune of around Rs. 650 crore. Apart from ...
Read More
Read More
A team of Income Tax (I-T) officials from Mumbai on Wednesday surveyed a Tollywood film production house over allegations of violating Reserve Bank of India (RBI) guidelines and non-payment of Goods and Service Tax (GST) dues. Officials surveyed four locations linked to the production house, including the residences of the management ...
Read More
Read More
A man from MP’s Bhind, who has a salary of Rs 58,000 a month, has received yet another notice from the income-tax department to deposit a whopping Rs 113 crore as taxes for alleged transactions of Rs 132 crore that were reportedly carried out in his account in 2011-12. Read more ...
Read More
Read More
The Punjab Vigilance Bureau (VB) arrested a chartered accountant (CA) Ankush Sareen, a resident of Ludhiana, for taking a bribe of Rs 26 lakh from a man in the name of income tax officers based in Chandigarh. Read more at : THE TIMES OF INDIA ...
Read More
Read More
A special court on Wednesday sentenced a 53-year-old income tax officer to four years imprisonment for accepting a bribe of Rs 75,000. Preetha Babukuttan was found guilty on charges, including under the Prevention of Corruption Act. In 2015, the CBI’s Anti-Corruption Bureau booked Babukuttan on the complaint of a man running ...
Read More
Read More
There are many changes in the income tax rules effective from this financial year. Changes in income tax slabs to tax rebate limit raised, No LTCG tax benefit on some debt mutual funds are some of the major changes effective from 1 April 2023. 1) New income tax regime to be ...
Read More
Read More
E-invoice
Facility to Search e-Invoice /IRN in IRP
The facility to search /fetch the details of the IRN - Invoice Reference Number based on the Invoice no. is ...
Read More
Read More
E-Invoicing Notifications
Notifications relating to e-invoicing is given below: S. No.Notification No.Date of IssueDescription110/2023 - Central Tax10.05.2023Seeks to implement e-invoicing for the ...
Read More
Read More
NIC introducing the second portal of the e-Invoice system from April 01, 2023
NIC is happy to introduce e-invoice2 portal. It is second portal of NIC – IRP (National Informatics Centre – Invoice ...
Read More
Read More
HSN Code Reporting in e-Invoice on IRPs Portal” in GST
22/03/2023 Dear Taxpayers, We would like to bring to your attention notification no. 78/2020 – Central Tax dated 15th October ...
Read More
Read More
E-Invoicing
In the 37th GST Council meeting held on 20.09.2019 it was recommended to introduce electronic invoice (e-invoice) in GST in ...
Read More
Read More
Advisory on New e-Invoice Portal
25/02/2023 Dear Valued Taxpayers, 1. We would like to inform you that GSTN has onboarded four new IRPs (Invoice Reporting ...
Read More
Read More
Nice
Really commendable.
So positive approach .
Most important and effective information shared by your team
Thanks alot, request send the future updates and guide me in respect of GST laws