A. GST Notes
Lawgics – Judgment No. 150
GST Proceedings are invalid without Document Identification Number (DIN) Read more
GST DAILY – 230
GSTN has been issued an Advisory: Auto-populate the HSN-wise summary from e-Invoices into Table 12 of GSTR-1 Read more
GST DAILY – 231
Issue of the levy of GST on residential accommodation should be viewed from the perspective of the recipient of service Read more
GST DAILY – 232
HC directed appellate authority to consider appeal on merits as it was filed shortly after expiry of limitation period Read more
B. Articles
New Section 128A – What The Future Holds for GST Amnesty Scheme
GST Council in its 53rd meeting dated 22.06.2024 recommends waiving interest and penalties for demand notices issued under Section 73 of the CGST Act (i.e. the cases not involving fraud, suppression or wilful misstatement, etc.) for the fiscal years 2017-18, 2018-19 and 2019-20, if the full tax demanded is paid upto 31.03.2025 Read more
CA Certificate not required to claim refund of unutilized ITC
in M/s. Svera Agro Ltd. quashed the deficiency memo requiring the assessee to furnish CA certificate for seeking refund of unutilized ITC, since proviso to Rule 89(2)(m) waive the requirements of furnishing CA certificate in case refund is sought for unutilized ITC. Read more
Opportunity should be granted to the Assessee to be heard in person
The Hon’ble Delhi High Court in the case of M/s. Shree Padma Industries remitted back the matter and it was held that that the one opportunity of being heard should be granted to the Assessee. Read more
C. Tax in Media
Banks in a GST fix over RBI’s directive to levy penal charges
The ban on ‘penal interest’ on borrowers is posing a tax dilemma for banks. Read more
7 years of GST: Households emerge top beneficiaries, shows CBIC data
GST which subsumed 17 local taxes and fees, was implemented on July 1, 2017. In nearly seven years, the tax has been reduced on several products and services used by the common people. Read more
States should get 60% share of GST, Kerala says during GST Council meeting
Kerala Finance Minister K N Balagopal has called for a review of the central-state tax sharing ratio of the Goods and Services Tax (GST), and said that 60 per cent should go to the states, whereas it is shared equally now. Read more
Changes on e-filing poral and Common issues while filing ITR
Latest Income Tax Slab and Rates – FY 2023-24 | AY 2024-25
The income tax slabs and income tax rates will remain unchanged in the financial year 2024-25, starting from April 1, 2024. Hence, an individual will need to analyse between the old and new tax regime to lower their income tax liability. Read more
Madhya Pradesh cabinet revokes 52-year-old rule, ministers now have to pay their Income Tax
In an attempt to establish parity between the citizens and the government officials, the Madhya Pradesh cabinet on Tuesday decided that state ministers will have to pay their Income Tax, instead of the state government bearing such burden. Read more
GST dilemma: The burden of related party transactions
GST marks a pivotal transformation in the landscape of taxation, fundamentally altering the way taxes are assessed and collected. Enacted to establish a unified tax regime, GST consolidates a multitude of indirect taxes into a cohesive framework. Read more
How the GST Council aims to address retrospective tax demands via Section 11A
How the GST Council aims to address retrospective tax demands via Section 11A Read more
Madhya Pradesh Ministers to now pay Income Tax
Madhya Pradesh cabinet on June 25 decided that State Ministers will have to pay their Income Tax, instead of the state government bearing such burden. Read more
GST dilemma: The burden of related party transactions
GST marks a pivotal transformation in the landscape of taxation, fundamentally altering the way taxes are assessed and collected. Enacted to establish a unified tax regime, GST consolidates a multitude of indirect taxes into a cohesive framework. Read material
How the GST Council aims to address retrospective tax demands via Section 11A
How the GST Council aims to address retrospective tax demands via Section 11A Read more
Madhya Pradesh Ministers to now pay Income Tax
Madhya Pradesh cabinet on June 25 decided that State Ministers will have to pay their Income Tax, instead of the state government bearing such burden. Read more
Smaller companies to be biggest beneficiaries of GST penalty, interest waiver
The GST Council’s decision to waive off interest and penalty under Section 73 will bring in a much-awaited relief for smaller companies facing steep Goods and Services Tax (GST) demand. Read more
Industry body seeks PLI expansion, cut in GST on batteries, charging infra
Industry body India Energy Storage (IESA) has demanded that the government reduce the goods and services tax (GST) on batteries and electric vehicles charging infrastructure services as well battery swapping. Read more
Subscribe Newsletter
Webinar Videos Watch here
Join WhatsApp Channel
Follow us at Twitter
Support us contribute
Share this content:
