A. Amendment
Form 3CEDA and Form 3C-0 are now available for filing online
Form 3CEDA (Application for Rollback of Advance Pricing Agreement) and Form 3C-O (Application form for approval under sub-section (1) of section 35CCC of Income Tax Act) are now available for filing on the e-filing portal.
Common Offline Utility (ITR 1 to ITR 4) – latest version 06.11.24
Common Offline Utility for filing Income-tax Returns ITR 1, ITR 2, ITR 3 and ITR 4 for the AY 2024-25 got updated on 06.11.2024
B. Article
Application of GST registration cancellation cannot be rejected based on scrutiny proceeding against Assessee for determining tax liability of past period
by CA Bimal Jain
The Hon’ble Delhi High Court in the case of M/s Sanjay Sales India held that the application for the cancellation of the GST registration cannot be denied on the ground that the scrutiny proceeding has been raised relating to tax liability of the Assessee of the past period.
Important task to be completed in October month GST Compliance for F.Y.23-24
By Ganeshan Kalyani
Any amendment in GSTR-1 or 3B the same to be done in October month GST Compliance for invoicing pertaining to F.Y.23-24
C. Tax in Media
No input tax credit if e-invoice not uploaded in GST portal within 30 days: New rule soon
GSTN has introduced a new rule disallowing upload of e-invoices older than 30 days on the IRP from April 1, 2025, for a large category of GST taxpayers. Under GST law, taxpayer with a specified annual aggregate turnover (AATO) need to generate an e-invoice and upload it on the IRP portal which enables the buyer to claim input tax credit. Once uploaded an IRN and a QR code is generated.
Kerala HC strikes down Rule 96(10) of CGST Rules since its inception
A recent ruling of the Kerala High Court (HC)[1] on the validity of Rule 96(10) of the Central Goods and Services Tax Rules, 2017 (CGST Rules).
FirstCry shares tumble over 4% after GST department initiates investigation
Brainbees Solution-operated FirstCry Company informed that the GST department of Mumbai has initiated an investigation at the company’s head office and a warehouse in Pune.
SC restores DRI’s key powers; Rs 20K cr Customs duty recovery back on track
The Supreme Court on Thursday reinstated the power of DRI officers to issue Customs recovery notices, a move that could revive tax demands totalling between Rs 20,000 crore and Rs 23,000 crore against major firms like Vedanta, Vodafone Idea, Adani Enterprises, TVS Motors, Samsung India, Godrej and Boyce Manufacturing, BSNL, Daikin, Sony India, Canon, Nikon India, Sennheiser, and Yakult Danone. As many as 95 other companies may be impacted by this decision.
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