Procedural lapses cannot be ground for denying substantive benefits
The CESTAT, Kolkata in the matter of M/s. S. L. Polypack Private Limited v. Commissioner of CGST & CX, Howrah…
Month: February 2023
Gold carried with discrepancy in documents is sufficient to suspect GST evasion
The Hon’ble Kerala High Court in the matter of Sasi Pathirakunnath and Anr. v. Assistant State Tax Officers and Ors.…
System error: How automated notices under GST is leading to proliferation of disputes and litigations
The Goods and Service Tax (GST) has been one of the most complex yet progressive indirect tax reforms implemented in…
Karnataka GST compensation up by around Rs 8,000 crore, on par with 2019-20
Compared to the previous fiscal, Karnataka is expected to receive around Rs 8,000 crore more under the GST devolution this…
Opt new tax regime if deduction, exemption claims less than Rs 3.75 lakh: Official
A taxpayer whose deductions and exemption claims are less than Rs 3.75 lakh annually would be advised to opt for…
New income tax rule: Proceeds from life insurance policy with premium of over ₹5 lakh to be taxable
Proceeds from life insurance premium over the annual premium of ₹5 lakh would be taxable from new financial year i.e.…
GST revenue of Rs.1.50 lakh cr monthly to be new normal next fiscal: CBIC chief
GST collection is expected to average around ₹1.50 lakh crore monthly and it will be the ‘new normal’ in FY24…
Tax base to be widened with stricter audits: CBIC Chief Vivek Johri
After record goods and services tax (GST) collection, the Central Board of Indirect Taxes and Customs (CBIC) is preparing a…
Model GST Audit Manual – 2022 prepared by Audit branch CST, Gujarat
The Audit Branch of the Office of Chief Commissioner of State Tax, Gujarat has prepared the “Model GST Audit Manual…
GST Council meet likely this month
The Goods and Services Tax Council is likely to meet later this month to take up the long-pending issue of…