A. Update
Procedure for making tax payment under KGST, KVAT and CST Act – Kerala GST
Payment of tax under KGST, KVAT and CST Act – due date of filing returns and payment – procedure for making payment under new notifications for oil companies Read more
B. GST in media
Malabar Parota to attract 5% GST and not 18%, rules Kerala HC
The delectable Malabar Parota will taste even better with the Kerala High Court ruling that the popular flatbread will attract GST at 5 per cent and not 18 per cent. With this the court has turned down order by the State’s Authority of Advance Ruling (AAR) and Appellate Authority for Advance Ruling (AAAR). Read more
Noida Police begins action against absconding Delhi family after court order
Noida, Apr 16 (PTI) Police here on Tuesday said they have initiated steps against three absconding members of a Delhi-based family on a court order, directing them to depose in connection with its probe into a multi-crore GST scam or face action. Read moe
Vedanta receives Rs. 27.97 crore GST penalty order, to file appeal
Mining conglomerate Vedanta Ltd on Tuesday (April 16) said it has received a GST (Goods and Services Tax) penalty order of Rs.27.97 crore for the period of FY 2018-19 to FY 2020-21. The penalty stems from a dispute regarding Input Tax Credit reconciliations spanning the financial years 2018-19 to 2020-21. Read more
C. Income Tax
Income Tax Returns for AY 2024-25 Now Enabled for Online and Offline Filing
ITR-1, ITR-2, ITR-4 & ITR-6 for AY 2024-25 are enabled for filing in Offline as well as Online mode at e-filing portal. Excel utilities of ITR-1, ITR-2 & ITR-4 for AY 2024-25 are available under ‘Downloads’ button at e-filing portal. Read more
CBDT signs record number of 125 Advance Pricing Agreements (APAs) in FY 2023-24
The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) in FY 2023-24 with Indian taxpayers. Read more
Hospital chain KIMS subsidiary gets income tax demand of Rs.306.97 crore
Hospital chain Krishna Institute of Medical Sciences Ltd (KIMS) on Tuesday (April 16) said its subsidiary SPANV Medisearch Lifesciences Private Ltd has received a demand notice under Section 156 of the Income Tax Act, 1961, for a sum of Rs.306.97 crore. Read more
CBDT asks self-reporting orgs to file details of high-value transactions by June 30
CBDT has asked SROs or self-reporting organisations to file details of all high-value transactions that were carried out in 2022-23 by June 30. The SROs include organisations such as banks, post offices, co-operatives, fintechs and mutual fund houses. Read more
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