A. Amendment
Circular no. 6/2024 dated 23.04.24- regarding consequences of PAN becoming inoperative-Income tax
In continuation of the Circular No. 3 of 2023, it is hereby specified that for the transactions entered into upto 31.03.2024 and in cases where the PAN becomes operative (as a result of linkage with Aadhaar) on or before 31.05.2024 , there shall be no liability on the deductor /collector to deduct/ collect the tax under section 206AA/ 206CC, as the case maybe, and the deduction/ collection as mandated in other provisions of Chapter XVII-B or Chapter XVII-BB of the Act, shall be applicable. Read more
B. Article
Order Passed without giving Adjournment is required to be set aside
Assessee sought adjournment on the ground that they are busy in filing annual returns for which also, the last date was 31.12.2023. Order was passed without proper hearing opportunity. Therefore Hon’ble Madras HC quashed the order and the matter remanded back. Read more
C. GST Lawgics
Lawgics – Judgment No. 117
It is clear that the petitioner’s reply was disregarded by categorising such reply as an unauthorised reply. It is unclear as to why the reply was described as unauthorised. Consequently, such order is unsustainable. Hence, the impugned order dated 29.12.2023 was set aside and the matter was remanded for reconsideration. Read more
D. Tax in media
Infosys Faces Penalty From Odisha GST Dept
IT services major Infosys said the Odisha GST authority has imposed a penalty of Rs 1.46 lakh on the company for availing ineligible input tax credit. Read more
No late fee for GSTR-9C filing for FY 17-18, 18-19 and 19-20
In a judgment by the Kerala High Court, the court ruled that no late fee can be levied for late filing of GSTR-9C for the financial years 2017-18, 2018-19, and 2019-20. Read more
SEZ units exempt from IGST on certain services from DTA players: AAR ruling
Units operating within special economic zones (SEZs) could potentially be exempt from paying the integrated goods and services tax (IGST) on specified services taken from the domestic tariff area (DTA) through the reverse charge mechanism, if a ruling by the Gujarat-based Authority for Advance Rulings (AAR) sets a precedent. Read more
E. GST Notes
Shri CMA Anil Sharma and his team presenting CGST Act / IGST Act in slides form to make readers understand the basics of GST laws easier and simpler way.
Slides 38 to 44 from IGST Chapter 5, is added below, out of 44 slides
Notes section /all slides Click here
Subscribe Newsletter
Webinar Videos Watch here
Join WhatsApp Channel
Follow at Twitter
Share this content:
