GSTN Update on clarification about delays in some instances of GST registration despite successful Aadhar authentication aims to provide transparency. Learn about the reasons and processing timelines here. In a recent development, the Goods and Services Tax Network (GSTN) has …
Authorities allege that this person has been orchestrating this GST scam for the past five years In a significant development, a 29-year-old man was arrested from Delhi for his alleged role in a massive GST scam amounting to Rs 10,000 …
GST & CE Superintendent has no Jurisdiction to pass Order Exceeding Rs 10 Lakh: Allahabad High Court In a significant ruling, in case of M/s. Mansoori Enterprises (Writ Tax No. 35/ 2024), the Lucknow bench of the Allahabad High Court …
Court’s ruling emphasized that when a registered person asserts their eligibility for ITC claim with reference to GSTR-2A and GSTR-9 returns, the assessing officer must thoroughly examine the validity of the claim Legality of Assessing ITC Claim Solely based on …
The On-screen Functionality is Designed for Allowing the Taxpayers to Reconcile the Discrepancies Directly on the Income Tax Portal The Income Tax Department has recently identified discrepancies between the interest and dividend income reported by taxpayers in their Income Tax …
ITC Claims Should not be Dismissed merely due to Administrative Actions such as the Retrospective Cancellation of Supplier’s GST Registration In a recent ruling on Writ Petition No.3505 of 2024 and W.M.P.Nos.3758 & 3759 of 2024, the Madras High Court …
CGAS deposit is not a mandatory requirement for claiming capital gain deductions, if it has been invested within the prescribed time limit under section 54(1) of the Income Tax Act for the purchase or construction of a new property Relevance …
This GST Fraud came to light when a Noida resident and editor of a media firm lodged a complaint GST Fraud: The Noida police recently took action to attach immovable assets of two individuals from Delhi, following their arrest in …
How to Verify Income Tax Return after 30 days of Deadline Prescribed under the Act Verifying your Income Tax Returns (ITRs) is a crucial step to ensure their validity. It’s essential to complete the filing process by verifying your return …
ITAT emphasized the importance of procedural correctness and evidentiary standards in tax assessments The recent ruling by the Income Tax Appellate Tribunal (ITAT) Chennai has brought relief to Prakash Ferrous Industries Private Limited (I.T.A No.623/Chny/2023), dismissing the appeal by the …
CBIC Notification No. 6/2024 dated 22 February 2024 In a recent development, the government has empowered the GST Network to share data concerning GST-registered businesses, subject to their consent, with the Reserve Bank of India’s (RBI’s) ‘Public Tech Platform for …
Madras High Court Ruling: 100% Penalty not Leviable when SCN Issued under Section 73 Penalty under GST: In a recent decision by the Hon’ble Madras High Court on January 31, 2024, in the case of K.S. Janarthanam v. Deputy State …
CBDT Notification No. 22/2024 Dated 21 February 2024: Corrigendum to Notification 19/2024 Bringing Further Changes in ITR Form 2, 3 & 5 The Central Board of Direct Taxes (CBDT) issued Notification No. 22/2024 on Dated 21 February 2024, as a …
Congress Party emphasized that the Income Tax Department should halt any further action until the outcome of the stay application pending in ITAT The Indian National Congress has found itself in the midst of a financial tussle with the Income …
Persons accused in this GST Fraud have been charged under various sections of the stringent GUJCTOC (Gujarat Control of Terrorism and Organised Crime) Act, 2015 In a major crackdown, authorities have apprehended twenty key suspects involved in an alleged Goods …
GSTN announces the launch of the revamped e-invoice master information portal https://einvoice.gst.gov.in In celebration of the successful one-year anniversary since the launch of five additional IRP portals and the e-invoice QR Code Verifier app, GSTN is thrilled to announce the …
Notices will be issued only to the taxpayers for whom the Income Tax department possesses concrete information, CBDT Chairman Nitin Gupta says In a move aimed at ensuring compliance with tax regulations, the Income Tax Department is set to dispatch …
Three Arrested on Extortion while Posing as GST Officers and Demanding Money from Motorists in Jalpaiguri In a recent development, three individuals have been apprehended under suspicion of extortion while masquerading as GST officers. Identified as Subhajit Ghosh, Rupesh Tirki, …
Learn about the recent ruling by the Allahabad High Court regarding application of self-certified copy of order in filing of appeals electronically under Section 107 of the CGST Act, 2017, and Rule 108 of the Rules, 2017 Requirement of Self-Certified …
Learn about the announcement by the Central Board of Direct Taxes (CBDT) where taxpayers with pending tax demands up to Rs.1 Lakh can benefit from remission and extinguishment of their tax liabilities In a recent move aimed at providing relief …