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Why GST Registration is Important Legal Compliance: Mandatory for businesses exceeding a certain turnover threshold, GST registration helps avoid heavy penalties and legal complications. Input Tax Credit: Registered businesses can…
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Enhancing Tax Deductions on Savings Account Interest: A Potential Boost for India's Banking Sector In a bid to stimulate deposit growth and bolster the banking sector, the Indian government is…
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By: AdminJuly 04, 2024Categories: State GST Notification and Circular4 Min Read The Gujarat Laws (Amendment of Provisions) Ordinance, 2024 signifies a crucial update to Gujarat's legal framework, adapting it to…
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The Goods and Services Tax Network (GSTN) issued an update on October 04, 2024, announcing that taxpayers in Punjab and Uttarakhand can now make GST payments using UPI and Debit/Credit…
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In a significant ruling, the Delhi High Court in the case of Best Crop Sciences Private Limited v. Principal Commissioner, CGST Commissionerate, Meerut and Ors. [W.P. (C) 10980/2024 dated September…
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In the case of Tvl. Sri Paranjothi Traders v. State Tax Officer (Intelligence) [W.P. (MD) No. 1148 of 2024 dated July 01, 2024], the Madras High Court ruled that an…
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The Central Board of Direct Taxes (CBDT), via Notification No. 106/2024 dated October 01, 2024, has designated the Principal Secretary to the Government & Chairman of the Odisha Computer Application…
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The Maharashtra State Tax Commissioner, via Notification No. 15-Eway Bill/2024-State Tax dated October 01, 2024, has amended the 2018 notification regarding e-way bills. This amendment introduces an e-way bill exemption…
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As the GST compensation cess for sin goods like cigarettes, tobacco products, carbonated drinks, and luxury cars is set to expire in March 2026, the GST Council is evaluating options…
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The Central Board of Direct Taxes (CBDT) has issued a key notification detailing the procedure for making a declaration and furnishing an undertaking in Form-1 under Rule 4 of the…
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The Central Board of Direct Taxes (CBDT) has issued Circular No. 11/2024 dated October 01, 2024, which provides an order authorizing Income-tax authorities to admit applications or claims for refund…
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India Inc has executed buybacks worth ₹5,778 crore in a rush to beat the October 1, 2024 deadline, when the new tax regime on share buybacks came into effect. Out…
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The Delhi High Court has ruled that simply issuing a Show Cause Notice (SCN) is insufficient to cancel the Goods and Services Tax (GST) registration of an entity. The judgment…
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