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CBIC has waived late fee for filing GSTR-4

CBIC has waived the late fee applicable for filing of GSTR-4 till 30th June 2022. GSTR-4 is a return which is required to be filed by a composition dealer. A dealer opting for the composition scheme is required to furnish a single return in Form GSTR 4 once in a ...

Delhi govt proposes tax amnesty scheme for traders

The Delhi government is planning to implement a tax amnesty scheme in a bid to help traders from getting embroiled in unnecessary legal cases related to taxation and to recover pending demands which include outstanding tax, interest and penalty. Officials said the exact details on concessions will be ironed one ...

GST rules changing from April 1, to impact lakhs of companies in India

Central Board of Indirect Taxes and Customs has said that businesses with turnover of over Rs 20 crore will have to generate electronic invoice for B2B transactions from April 1, 2022. Under Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions was made mandatory for companies with turnover ...

ITC-04 a Job work return

Rule 45(3) of CGST Rules, 2017 provides that the details of challans in respect of goods dispatched to a job worker or received from a job worker or sent from one job worker to another during a period shall be furnished in FORM GST ITC-04 on or before the twenty-fifth ...

Unblocking of ITC on expiry of one year from the date of blocking reg.

Government of National Capital Territory of Delhi, Department of Trade & Taxes, Vyapar Bhawan, I.P. Estate, New Delhi (Policy Branch) has issued a guidelines on unblocking of Input Tax Credit (ITC) on expiry of one year from the date of blocking. Rule 86A of the GST Rules, 2017 empowers the officers ...

FM Nirmala Sitharaman pulls up CBDT, CBIC on tax woes

Finance minister Nirmala Sitharaman on Monday pulled up the CBDT (Central Board of Direct Taxes) and CBIC (Central Board of Indirect Taxes & Customs) officials for not responding to grievances of tax assessees. In an interaction with industry in Bengaluru on Monday, she said the two central organisations must engage ...

GST Article

GST DAILY – 229

Stay Yourself Updated on GST Advisory on Reset and Re-filing of GSTR-3B of some taxpayers 👉 GSTN has been issued ...

GST Council Made the Secondment Writs Infructuous?

All the secondment cases filed before various High Courts seem to have become infructuous as the Hon’ble GST Council waived ...

GST Council unlocks ROM Provisions? A forward way for Correcting Tax Mistakes?

The GST Council's recommendations may lead to an influx of applications for rectification of mistakes (ROM) and refund requests. The ...

53rd GST Council – Conditional Waiver of Interest and Penalty for FY 2017-18 to 2019-20

The GST council's recommendation states that if a demand pertains to 2017-18 to 2019-20 under Section 73 of the CGST ...

GST in Media

Zomato receives fresh GST demand, penalty order amounting to Rs 17.7 cr

Online food delivery aggregator Zomato on Wednesday said it has received a GST demand order along with interest and penalty amounting to Rs 17.7 crore from the Assistant Commissioner of Revenue, West Bengal. The demand order, received by the company on Tuesday, is with respect to non- payment of GST ...

State registers 18 per cent rise in GST collection

Bihar has joined the top league of five states of the country by registering 18% annual growth in GST collection during fiscal 2023-24, said commercial taxes department (CTD) commissioner-cum-secretary, Sanjay Kumar Singh here on Wednesday. "Against 13% national average growth rate of GST collection, Bihar registered 18% grown rate during ...

Income Tax in Media

Income Tax Dept sets high-risk value assessment guidelines for updated ITRs, AY 2021-22 filing deadline March 31

The Income Tax Department has finalized guidelines for assessing or re-assessing of high-risk value in updated Income Tax Returns filed ...

31/03/2024 / assessment guidelines, Income Tax, Income Tax in Media, Updated Return IT

Google Ireland exempted from tax on Rs.8,600 crore received from India unit

Google Ireland (GIL) will not have to pay tax on over Rs.8,600 crore received from Google India (GIPL), the Income ...

31/03/2024 / Adwords, Google India GIPL, Google Ireland GIL, Income Tax, Income Tax in Media, ITAT, online advertisement

New ITR-V, ITR acknowledgement forms notified

The Central Board of Direct Taxes (CBDT) has issued a notification making changes in the ITR-V and acknowledgement forms. According ...

29/03/2024 / FORM ITR-V, Income Tax in Media

Income Tax Raids Hit Ahmedabad’s Dairy and Hospitality Giants

Ahmedabad witnessed a major crackdown by the Income Tax department today as they conducted raids on residences and offices of ...

28/03/2024 / Income Tax in Media, income tax raids

I-T dept seizes gold worth crores

A surprise check on Monday at jewellery making units on Edapalayam Street, Park Town, led to the discovery and seizure ...

28/03/2024 / Income Tax in Media, seizure of cash

Lawgics-Judgments

GST Daily

Lawgics – Judgment No. 181

Synopsis: The SCN lacked specific details or evidence to support the allegations of fraud, willful misstatement, or suppression of fact ...

Lawgics – Judgment No. 180

Synopsis: The Supreme Court held that if construction of a building is essential for supplying services such as renting out, ...

Lawgics – Judgment No. 178

Synopsis: Section 6(2)(b) prohibits the initiation of parallel proceedings by State and Central authorities on the same subject matter. Once ...

Lawgics – Judgment No. 177

Synopsis: Under Section 161 of the CGST Act, 2017, if rectification adversely affects any person, the affected party is required ...

Lawgics – Judgment No. 176

Synopsis: Procedural lapse in Part B of the E-way bill was minor and curable and goods were moved within the ...

Lawgics – Judgment No. 175

Synopsis: Section 83(1) mandates that any provisional attachment order must contain reasons for the Commissioner’s decision to protect the government’s ...

GST DAILY – 270

Article Calcutta HC HC High Court opportunity of personal hearing sec. 73 of cgst act

Stay Yourself Updated on GST Adverse order can’t be passed without hearing assessee even if he didn’t file his response ...

GST DAILY – 269

Article Delhi HC HC High Court reply not considered in order

Proper Officer can’t reject assessee’s reply without considering it on merits: HC ...

GST DAILY – 268

Allahabad HC Article E-Way Bill HC High Court minor error in eway bill

Penalty set aside by HC in case of mere minor discrepancy in E-way bill as intent to evade tax is ...

GST DAILY – 267

Allahabad HC Article gst order HC High Court Show Cause Notice

HC held that demand in order cannot exceed the demand proposed in SCN; directed to treat such order as final ...