Adv Aditya Narayan 
Immediate steps of this Interim Plan includes addressing grievances through e-Nivaran and CPGRAM platforms. The Income Tax Department has unveiled its interim action plan for the fiscal year 2024-25, focusing on crucial areas such as the identification of cases related …
CBIC Notifies that the effective date for following the special procedure by registered persons engaged in manufacturing of Pan-masala, Tobacco and Tobacco products has been extended to 15 May 2023. In a recent development, the Central Board of Indirect Taxes …
The Central Board of Indirect Taxes and Customs (CBIC) has instructed each zone to establish a framework for joint GST audits in their Respective Jurisdictions. Starting this financial year, businesses under the indirect tax regime will undergo joint audits by …
Income Tax officials have not ruled out the possibility of the Enforcement Directorate joining the probe to delve deeper into the alleged conspiracy. In a recent development, Income Tax officials have uncovered a purported plan involving a significant sum of …
Advisory 630 dated 9 April 2024: Auto-Populating HSN-wise Data from e-Invoices Auto-Populating HSN-wise Data: In a recent development, the Goods and Services Tax Network (GSTN), vide its advisory no.630 dated 9 April 2024, informed about introduction of a new functionality …
GSTN Advisory No. 629 Dated 9 April 2024 pertaining to Opportunity to some Affected taxpayers to Re-file their GSTR-3B and rectify differences between saved data in GST system and the data actually filed. In a recent development, the Goods and …
Vijay Kelkar advocated for eliminating the longstanding practice of differential tax rates for essential and non-essential goods and services. Vijay Kelkar, former Chairman of the 13th Finance Commission, has called for the immediate introduction of a uniform Goods and Services …
CBDT clarifies that apprehensions about retrospective taxation and re-opening of cases on issues pertaining to HRA claims is completely baseless In a recent press release dated April 8, 2024, the Central Board of Direct Taxes (CBDT) has addressed and dismissed …
Kerala High Court: As the appeal has already been heard and final orders are pending, all additional proceedings shall be kept in suspension until the appeal’s final orders are passed. In a recent development in WP(C) NO. 10163 OF 2024 …
Unlocking the GST Provisions and Benefits on Exporting Goods from India India stands tall as a global leader in both exporting goods and services. For businesses, regardless of size, exporting presents a myriad of advantages. One of the most appealing …
The petition filed by Bar Council of Kerala highlighted that CBIC had issued two show cause notices. The Bar Council of Kerala (BCK) has taken its case against Goods and Service Tax (GST) notices to the Kerala High Court, challenging …
New Income Tax Forms: Form 1, Form 10IEA, Form 10IFA and Form 3AF New IT Forms Released: According to a recent update on 5 April 2024 by the Income Tax Department, Form 1, Form 10-IEA, Form 10IFA and Form 3AF …
The Income-tax Department has already made filing functionalities for commonly used segments of ITR available. ITR Filing FY 2023-24: With the Income-tax Department opening its return filing utilities on the first day of the Assessment Year 2024-25 (Financial Year 2023-24), …
The proposed GST 2.0, according to the congress manifesto, will see a redesign of the GST Council, positioning it as the ultimate authority on all policy matters related to GST. The Congress party recently unveiled its manifesto ahead of the …
In a recent development, the Bombay High Court has ruled in favour of four employees of Maersk Line, the Indian arm of a Denmark-based shipping giant. The high court struck down a notice issued by the GST Intelligence that sought …
According to a press release of Ministry of Finance Dated 4 April 2024, the Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Return (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) …
ITAT concluded that the AO had failed to record proper satisfaction before issuing the notice under Section 153C of the Income Tax Act. The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has nullified an assessment order due to …
GSTN Advisory No. 628 dated 3 April 2024 In a recent development, the Goods and Services Tax Network (GSTN) has introduced Advisory No. 628 dated 3 April 2024, outlining the self-enablement process for e-invoicing. This initiative aims to streamline invoicing …
New Tax Regime under Income Tax Act The Budget 2020 introduced a new tax regime under section 115BAC, offering individuals and Hindu Undivided Families (HUFs) the choice to pay income tax at reduced rates with fewer exemptions and deductions. This …
The Delhi High Court acts as a protection against arbitrary cancellations of GST registration based on inaccurate field visit reports. In a recent case of Gulab Nagar v. Assistant Commissioner [W.P No. 3383 of 2024 on March 06, 2024], the …