The Government of India has introduced several measures to provide income tax relief to cooperative societies. Below are the key initiatives: Reduction in Surcharge for Cooperative Societies Surcharge rate reduced…
Parliamentary Panel Report: One-Third Vacancies in CBDT and CBIC
A recent parliamentary panel report has uncovered a significant workforce shortage in two of India's premier tax authorities—the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect…
GSTN Advisory: Biometric-Based Aadhaar Authentication in Four States
On December 8, 2024, the Goods and Services Tax Network (GSTN) issued Advisory No. 556, introducing Biometric-Based Aadhaar Authentication and Document Verification for GST registration applicants. Notably, this new functionality…
How to Check Your GST Refund Status and Address Common Delays
Understanding how to track your GST refund status and addressing common reasons for delays is essential for managing cash flow effectively. This guide breaks down the scenarios where refunds are…
Demand Order Invalid Without Adequate Time for Document Collection Post GST Registration Cancellation
The Hon’ble Andhra Pradesh High Court, in Avexa Corporation (P.) Ltd. Vs State of Andhra Pradesh [W.P. 10094/2024, dated August 19, 2024], ruled that a demand order issued without granting…
Notice Against Amalgamating Company Post-Merger Declared Void Ab Initio
The Hon’ble Delhi High Court in the case HCL Infosystems Ltd. v. Commissioner of State Tax & Anr [W.P.(C) 7391/2024 dated November 21, 2024], quashed a show cause notice and…
Date of Rectification Order is the Relevant Date for Calculating Limitation Period for Filing Appeal
The Hon’ble Madras High Court (Madurai Bench) in the case of M/s. SPK and Co. v. State Tax Officer [W.P. (MD) No. 27787 of 2024, dated November 22, 2024] held…
CBIC Clarifies: No GST Rate Changes Finalized Yet
The Central Board of Indirect Taxes and Customs (CBIC) clarified on December 3, 2024, that the GST Council has not deliberated on any changes to GST rates, as the Group…
Demand of Service Tax Invalid When Liability Already Discharged Under RCM: CESTAT Ahmedabad
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad, in the case of Utility Labour Suppliers v. Commissioner of C.E.-Ahmedabad-II, ruled that service tax demands cannot be raised if…
KSCAA Flags CPC Errors in ITR Processing, Calls for Corrective Measures
The Karnataka State Chartered Accountants Association (KSCAA) has raised concerns over significant errors in the processing of Income Tax Returns (ITRs) by the Centralised Processing Centre (CPC). In a representation…