Assessment Order issued without taking into consideration reply filed by the Assessee is not valid
The Hon’ble Delhi High Court in the case of Emco Cables Pvt. Ltd. disposed of the writ petition, thereby holding that, the reply filed by the Assessee should be taken into consideration at the time of passing the Assessment Order and in case where proper reply/explanation has not been filed and when further details are required, the Revenue Department is obliged to seek the relevant documents/details. Read more
DCB Bank Integrates with GST Payment Portal
DCB Bank announced that it had successfully implemented and integrated with the Goods and Service Tax payment portal (GSTN). This complements the Direct Tax payments facility offered from DCB Bank that include Income tax, Advance Tax, and Tax Deduction at Source (TDS) payment, etc. Read more
Exercise caution & probe deeper before arrests in GST fraud cases
Exhorting GST authorities to exercise caution and deeper examination before authorizing arrest of businessmen for tax evasion, Justice Uajjal Bhuyan of the Supreme Court on Saturday said the reasons “you have to suspect a person cannot be equated with the reasons to believe”. Read more
NACIN Mumbai hosts GST symposium on online gaming legal framework
The NACIN in Mumbai conducted a GST Symposium titled “Decoding the new GST legal framework for Online Gaming” on March 21, 2024. The symposium, inaugurated by Prabhat Kumar, Principal Additional Director General (Pr.ADG) of NACIN, aimed to shed light on the latest amendments and their implications for the burgeoning online gaming industry. Read more
No GST on renting of hostel rooms for residential purpose: Madras High Court
In a significant ruling, the Madras High Court has held that hostels being used for residential purposes will not attract goods and services tax. Read more
Suspending scroll for IGST/RoDTEP/RoSCTL/Drawback
Office of the Commissioner of Customs (Export) Drawback Section, New Customs House, Ballard Estate, Mumbai issued a Trade Notice Suspending scroll for IGST/RoDTEP/RoSCTL/Drawback. Read more
LIC Gets Demand Notice Of Rs.39 Lakh For Short Payments Of GST
LIC received a demand notice of Rs 39.39 lakh on it for short payment of GST for 2017-18. Read more
Fortis Healthcare arm gets Rs 89.53 cr tax demand
Fortis Healthcare Ltd said that one of its subsidiaries has received a tax demand of Rs 89.53 crore, including interest for the assessment year 2022-23. Read more
These taxpayers need to file ITR-U before 31.03.2024
Taxpayers need to file an updated income tax return (ITR-U) for Assessment Year (AY) 2021-22 (Financial Year 2020-21). Read more
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