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GST Article

Whether Audit proceedings by the SGST Authority can continue if the same subject matter is pending before the SGST Authority?

No, the Honorable High Court of Calcutta in the case of Mahabir Prasad Kedia v. Assistant Commissioner of State Tax ...

Impugned Order liable to be set aside when reply filed by the Assessee in response to the discrepancies raised in returns has not been taken into consideration

The Hon’ble Madras High Court in Perfect Assayers (P.) Ltd. v. State Tax Officer (ST) [W.P. No. 12083 of 2024 ...

Proper Officer had to at least consider the reply on merits and then form an opinion

The Hon’ble Delhi High Court Mitsubishi Electric India (P.) Ltd. v. Union of India [W.P. (Civil) No. 7443 of 2024 ...

53rd meeting of GST Council – Hopes and expectations

The 53rd GST Council meeting is scheduled to be held on 22nd June, 2024. This meeting is the first of ...

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GST Book

In the digital world where law is available on mobile/laptop the need of physical book still arises on various occasions and so is the reason the authors are putting lot of efforts in writing them. Visit the book section and pick one or all of them for your reading, tax practice etc.

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GST in Media

Lok Sabha passes Finance Bill 2025 with 35 amendments: Here’s all you need to know

The Lok Sabha passed the Finance Bill 2025 on Tuesday, March 25, along with 35 government amendments, including one abolishing a six per cent digital tax on online advertisements. With the passage of the Finance Bill 2025, the Lok Sabha completed its part of the Budgetary approval process. The Upper House, Rajya Sabha, will now ...

IndusInd Bank share price falls over 5% after ₹30 crore penalty for ‘various GST issues’

IndusInd Bank share price declined more than 5% on Tuesday, after the private lender informed that the GST authorities in Thane district have imposed a penalty of over ₹30.15 crore for various issues. IndusInd Bank shares fell as much as 5.32% to ₹633.55 apiece on the BSE. IndusInd Bank, which is already ...

Income Tax in Media

Govt mulling over relaxing 45-day MSME payment rule in July Budget

The government is racking its brains for options to relax the 45-day payment rule to MSMEs that has come into ...

02/05/2024 / Budget-II 2024-25, Income Tax in Media, MSME payment, Sec. 43B(H) of Income tax act, Union Budget 2024

ICAI seeks tax incentives for entities engaged in green energy projects

Chartered accountants' apex body ICAI has proposed separate deduction of expenses related to education of a girl child in the ...

02/05/2024 / Budget-II 2024-25, CBDT, Deduction of expenses, education of a girl child, green projects, ICAI, Income Tax, Income Tax in Media, Press Release, Union Budget 2024

Pakistan to block mobile sim cards of over half a million tax defaulters

Pakistan authorities decided to freeze sim cards of over half a million people who failed to file tax returns for 2023 ...

02/05/2024 / income tax general order, Income Tax in Media, Pakistan -Income tax, PTA Pakistan Telecommunication Agency, SIM cards freeze

ITR filing for FY 2023 enabled but CAs advising to hold return filing

ITR filing was enabled for FY 2023 in the first week of April 2023 in order to ease compliance and ...

01/05/2024 / CA advising to hold return, Income Tax in Media, ITR Filing

Exposure Draft Guidance Note on Reports of Audit u/s 12A/ 10(23C) of the Income-tax Act, 1961

The Direct Tax Committee of The Institute of Chartered Accountants of India, New Delhi published a Exposure Draft Guidance Note ...

01/05/2024 / Exposure Draft Guidance Note, ICAI Announcement, Income Tax, Income Tax in Media, Reports of Audit u/s 12A/ 10(23)C

GST Notes

CGST Act / IGST Act/Circular etc. is presented in simple language in Q&As format to make dealers, professionals, taxman, academicians, students etc. understand the GST laws in simple manner. There are 700+ slides under various chapters for your reading and enriching knowledge.

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