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Month: February 2023

Income Tax in Media

Top 5 Reasons for Receiving Income Tax Notices and How to Avoid Them!

byAdmin25/02/202325/05/2024

Don’t be shocked if you get a notice from the Income Tax Department requesting information about a transaction or evidence of income. Let’s look at why you could get an income tax notice and how you might prevent it.

GST in Media

Karnataka has investigated 11,914 cases of GST fraud and detected tax evasion of over Rs.1,800 crore

byAdmin25/02/202325/02/2023

The State government, which is now in the second position in terms of GST collection, will intensify measures to check…

GST in Media

Centre making contradictory statements over Bengal’s GST compensation dues: Minister

byAdmin25/02/202325/02/2023

West Bengal Finance Minister Chandrima Bhattacharya on Thursday claimed that the Centre was making contradictory statements on the state’s GST…

GST Portal

GSTN enabled a declaration in Annexure-V to opt for FCM by GTA

byAdmin25/02/202325/02/2023

GSTN enabled Option to file a declaration in Annexure-V to opt for payment under Forward Charge Mechanism by Goods Transport…

GST Portal

Advisory on Geocoding of Address of Principal Place of Business

byAdmin25/02/202325/02/2023

24/02/2023 Dear Valued Taxpayers, 1.GSTN is pleased to inform the taxpayers that the functionality for geocoding the principal place of…

GST ArticleHigh Court

Assessee should not be left without remedy due to non-constitution of GST Tribunal

byCA Bimal Jain24/02/202324/02/2023

The Hon’ble Telangana High Court in M/s. Southern Enterprises v. Appellate Joint Commissioner ST [W.P. No. 2471 of 2023 dated January 31,…

GST ArticlePre-GST

No service tax liability on foreclosure charges collected by banks and NBFCs on premature termination of loans

byCA Bimal Jain24/02/202324/02/2023

The CESTAT, Chennai in M/s Sundaram Finance Ltd. [Service Tax Appeal No. 646 and 647 of 2012 dated February 22,…

GST ArticleHigh Court

Assessee directed to file representation for release of blocked funds w.r.t. alleged non-payment of GST and excess availment of ITC

byCA Bimal Jain24/02/202324/02/2023

The Hon’ble Madras High Court in M/s Lucas TVS Limited v. Superintendent of GST and Central Excise and Ors. [W.P.…

GST in Media

GST revenues grew 12.7% in January, 2023

byAdmin24/02/202324/02/2023

India’s Goods and Services Tax (GST) revenues grew 12.7% in January 2023 to hit almost ₹1.59 lakh crore, the second…

GST in Media

Enforcement Directorate searches GST, Labour offices in Chhattisgarh

byAdmin24/02/202324/02/2023

Two days after the Enforcement Directorate (ED) swooped down on Congress leaders, the central agency sleuths on Wednesday are carrying…

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