Extension of GSTR-1 due date to 12th April 2024
Due date for filing of GSTR-1 for the monthly taxpayers be extended by a day ie till 12.04.2024. Read more
Period for filing an appeal can be extended by the Appellate Authority
The Hon’ble Calcutta High Court in the case of Jyanata Ghosh held that an Appellate Authority cannot dismiss an appeal on ground of limitation without affording any opportunity of hearing. The delay can be condoned if the principles of natural justice has been violated by not providing an opportunity of hearing to the Petitioner. The prescribed period of 30 days from the date of communication of the adjudication order and the discretionary period of 30 days, aggregating to 60 days is not final. Hence, the period for filing an appeal can be extended by the Appellate Authority. Read more
If an Assessee deposits all taxes, interest, etc. and complies with other formalities the Proper Officer can open the GST portal to enable the Assessee to file GST returns
The Hon’ble Orrisa High Court in the case of Akshya Kumar Sahu v. Commissioner, Central Goods and Service Tax & Central Excise [Writ Petition (Civil) No. 4644 of 2024 dated February 29, 2024] disposed of the writ petition where Mr. Akshya Kumar Sahu (“the Petitioner”) sought to file an application for revocation of cancellation of registration, but could not file Form GSTR-3B due to suspension of GSTIN. Hence, aggrieved by the circumstances, the present writ petition was filed by the Petitioner. Read more
Lawgics – Judgment No. 108
Case of the petitioner is that the mandatory provision with regard to Section 67(1) of the UPGST Act, 2017 has not been complied with by the Joint Commissioner while granting the authorization for search and seizure. Read more
Natural gas should come under GST regime, says GAIL chairman Sandeep Kumar Gupta
The government will need to make bold policy interventions if the country is to achieve its goal of more than doubling the share of natural gas in the energy mix to 15% by 2030. Read more
Pan masala, gutkha firms get time till May 15 to roll out special procedure for registration, monthly return filing
Manufacturers of pan masala, gutkha and similar items will get time till May 15 to implement special procedure for registration and monthly return filing. The new mechanism aims to plug revenue leakage under GST. Read more
Delhi businessman arrested in Rs. 10,000 crore GST fraud case
Noida police on Wednesday arrested a Delhi-based businessman for his alleged involvement in the Rs.10,000 crore GST [good and services tax] irregularities case, senior officers said, adding that more than 30 people have been arrested in the case since the irregularities came to fore in last June. Read more
Hindalco to file appeal against Rs 30 cr penalty levied under Customs Act
The Office of the Principal Commissioner of Customs, Ahmedabad, has passed an order levying a total fine and penalty of Rs 30 crore on Hindalco Industries. Read more
How a businessman cheated via 3,300 shell companies, 35 fake firms and electricity bills
A businessman from Delhi was taken into custody by the Noida police for his alleged involvement in a massive Rs 15,000 crore GST fraud that was exposed last year, TOI reported. Tushar Gupta, aged 39 and residing in Tilak Nagar, was arrested as the 33rd suspect in this case. Read more
IRCTC faces tax demand cum show cause notice for Rs 3.93 crore
IRCTC received a demand cum show cause notice, on 08.04.2024, from the Additional Commissioner of CGST Delhi South Commissionerate for the fiscal year 2018-19. Read more
ICICI Prudential Life Insurance gets GST demand of Rs.20.50 crore for FY19
ICICI Prudential Life Insurance Company Ltd (ICICI Pru) on Tuesday (April 9) said has received a Goods and Services Tax (GST) demand order amounting to Rs.20.50 crore for the 2018-19 financial year. Read more
Income tax return filing for FY23-24: Check details of Form 16 issue date, ITR forms
All salaried individuals need to wait at least more than two months to file income tax returns (ITR) for the financial year 2023-24. As per the usual schedule, employers issue Form 16 around mid-June, i.e before June 15. For FY 2023-24 (assessment year 2024-25), Form 16 should be issued by June 15, 2024. Read more
Plan to bring Rs 200 crore hawala money in Tamil Nadu busted
The Income Tax department on Wednesday thwarted an attempt to bring Rs 200 crore of hawala money into Tamil Nadu for a prominent political party ahead of the Lok Sabha elections, sources said. Read more
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