A. Handbook
Compendium containing all provisions of Settlement of cases in Customs Act, C.Excise Act and FA Act,1994
The Settlement Commission has published a compendium containing all provisions related to ‘Settlement of cases’ in the Customs Act, Central Excise Act and the Finance Act 1994 (Service Tax), Rules, Procedures & forms.
Filing an appeal against demand order – Form GST APL-01 [Manual]
Step by step guidance on filing of an appeal against a demand is published by GSTN.
B. GST Notes
Lawgics – Judgment No. 170
Cancellation of GST registration, alleging that assessee has issued invoices or bills without supplying goods or services by merely reproducing Rule 21(b) of the CGST Rules without providing specific details or evidence of the alleged non-compliance is unjustified.
C. Tax in Media
Ministers panel on GST reviews rates of several categories
The group of ministers (GoM) on GST rate rationalisation may have deferred a plant to rework slabs but it is undertaking a thorough review of rates across several categories, including items in the 12% and 18% brackets and will take a call on several products and services towards Sept-end.
GST taxpayers without valid bank a/c to be barred from filing GSTR-1 from Sep 1
GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1, GST Network (GSTN) has said in an advisory. As per GST Rule 10A, a taxpayer is required to furnish details of a valid bank account within a period of 30 days from the date of grant of registration, or before furnishing the details of outward supplies of goods or services or both in Form GSTR-1 for using Invoice Furnishing Facility (IFF), whichever is earlier.
Heavy GST penalties on co executives face legal scrutiny
The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued thousands of notices to various companies, as well as their directors and promoters, regarding the wrongful availment of input tax credit (ITC), according to sources. This tax dispute primarily concerns the failure of the vendors to remit taxes to the government, in addition to other issues related to credit availment and utilisation.
Central GST Audit Commissionerate detected ₹1,040 crore tax evasion in Andhra Pradesh till July, says official
Central GST Audit Commissionerate, Andhra Pradesh, has detected ₹1,040-crore tax evasion and recovered ₹108 crore from 370 units across five circles in the State up to July this calender year, said Anand Kumar Pulapaka, Commissioner, Central GST Audit Commissionerate, Andhra Pradesh. He was in Nellore to inaugurate the new chamber at Assistant Commissioner’s office on Monday.
Trade bodies demand simplification of GST Act and rules
Trade bodies demand simplification of the Goods and Services Tax (GST) Act and rules and stress on taking the matter as priority in the upcoming GST council meeting scheduled to be held on September 7.
Tax demands over non-linked PANs leave firms in tight spot
Many employers are in a fix over demand notices from the Income Tax (I-T) Department for short deduction of tax on the income of employees who had not complied with a May 31 deadline to link their PAN and Aadhaar numbers, with some firms reporting tax demands even for workers earning less than the taxable income threshold.
26% ITRs yet to be processed after 22 days of the deadline, will your ITR come under scrutiny?
The Income Tax Department has processed 73.71% of all the verified income tax returns (ITRs) as of August 22, 2024, 1 pm. According to data available on the e-filing ITR portal, 7,13,00,901 ITRs were verified and 5,25,53,097 ITRs were processed as on date. This means 26.29% or 1,87,47,804 ITRs are yet to be processed (7,13,00,901 minus 5,25,53,097). If you fall in this 26% group, then you might be curious as to why your ITR has yet to be processed, as more than half of the ITRs have already been processed.
NRIs get IT Dept summons on foreign assets, residency status
Non-resident Indians (NRIs) are receiving summons from the investigation unit of the Income Tax department probing their association with foreign financial entities.
Webinar Videos Watch here
Follow us at Twitter
Support us contribute
Subscribe Newsletter
Share this content:
