Latest update 05.03.2024

Instruction regarding rectification of assessment orders to correct the errors apparent on the face of the record u/s 161 of DGST Act, 2017

Government of NCT of Delhi, Department of Trade and Taxes Policy Branch, New Delhi has issued an instruction no. F. No. 3(543)/GST/POLICY/2024/1312-18 dated 01.03.2024. Read more

Credit should not be denied when ITC not reflected in GSTR -3B is claimable based on GSTR-2A and GSTR-9

The Hon’ble Madras High Court in the case of Sri Shamunga Hardwares Electricals allowed the writ petition, thereby holding that, Credit should not be denied when ITC claim is not reflected in Form GSTR-3B return in case where the Assessee filed nil return erroneously in Form GSTR-3B, but claimed ITC by relying upon Form GSTR-2A and Form GSTR-9. Read more

Webinar: GST Notice – reason for receiving it and how to reply them

onlinetaxupdate is conducting a webinar on Topic: “GST Notice – reason for receiving it and how to reply to them’ by Faculty Mr. CA. D. Shiva Roopa Ganesh, a Best Speaker Awardee on 16th March, 2024 at time: 2:30 PM to 3:30 PM. Read more

FM Sitharaman calls for clarity on GST classification-related issues

Finance Minister Nirmala Sitharaman on Monday asked the goods and services tax (GST) officials to bring about clarity on classification-related issues at the earliest through appropriate channels. Read more

Conmen set up fake firm, cause losses to GST Dept

The Ludhiana police claimed to have busted a gang that had obtained GST refunds by creating a fake firm in the name of a city resident. The fraud came to light when the GST Department issued a notice to a resident regarding fake GST returns obtained by his company. Later, the victim lodged a police complaint and the investigation led to the busting of the racket. Read more

CBDT allows certain trusts / institutions to furnish audit report for AY 2023-24 on or before 31.03.2024

CBDT issued Circular no. 2/2024 dated 05.03.2024 allowing those trusts / institutions which have furnished audit report on or before 31.10.2023 in Form No. 10B where Form No. 10BB was applicable and vice-versa…. Read more

Rajasthan GST department issued notification prescribing procedure for Amnesty Scheme-2024

A detailed procedure for Amnesty Scheme-2024 has been prescribed. Read more

Last date for submitting application for suo-moto waiver of tax is 07.03.2024: Goa tax settlement scheme

All are requested to take note that the last date for submitting such application is 7th March, 2024. Read road

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