The Allahabad High Court has clarified that penalty proceedings under Section 130 of the Central Goods and Services Tax Act, 2017 (CGST Act), cannot be initiated solely based on excess…
HC Directs Department to Consider Data in GSTR-9 Not Reported in GSTR-1 and GSTR-3B
By: AdminDate: September 03, 2024Categories: Important PronouncementsRead Time: 4 Min Calcutta High Court Directs Consideration of GSTR-9 Data The Hon'ble Calcutta High Court, in the case of Ankit Kumar Aggarwal…
Related-Party Transactions May Be Excluded from GST Ambit
By: Admin | August 29, 2024 | Categories: GST Recent News | 4 Min Read The Indian government is considering excluding related-party transactions from the ambit of Goods and Services…
CBDT Clarifies ITCC Requirements for Indian Citizens
By: Admin | August 21, 2024 | Categories: Income Tax, Press Release | 4 Min Read The Central Board of Direct Taxes (CBDT) has clarified the requirements for obtaining an…
Madras High Court Orders GST Authority to Address Assessee’s Rectification Application Due to Form GSTR-1 Error
By: Admin | August 21, 2024 | Categories: Important Pronouncements | 4 Min Read The Madras High Court, in Veeran Mehhta v. Deputy Commercial Tax Officer and Deputy State Tax…
GST Council to Review Joint Development Agreement (JDA) Taxation in Real Estate Sector on September 9
By: Admin | August 21, 2024 | Categories: GST Recent News | 4 Min Read Amid ongoing legal disputes about GST on Joint Development Agreements (JDA) in the real estate…
Opportunity to Contest Tax Demand Should Not Be Denied Due to Accountant’s Negligence
By: Admin | August 19, 2024 | Categories: Important Pronouncements | 4 Min Read Madras High Court Rules in Favor of Petitioner in Stem Infrastructure Case In Stem Infrastructure v.…
Show Cause Notice Issued in Improper Form is Void
By: Admin | August 19, 2024 | Categories: Important Pronouncements | 4 Min Read In the case of Kunhalavi N. v. State Tax Officer [W.P. (C) No. 17333 of 2024…
CBIC Advises GST Officials to Consult Board for Law Interpretation During Audits
By: AdminAugust 17, 2024Categories: GST Recent News4 Min Read Introduction The Central Board of Indirect Taxes and Customs (CBIC) has introduced new guidelines for GST audits. These guidelines emphasize that…
Income Additions: Why an ITAT Investigation Report Alone is Insufficient
By: AdminDate: August 17, 2024Categories: ITAT | NewsReading Time: 4 Minutes Mumbai ITAT Ruling: Generalized Investigation Reports Insufficient The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has delivered…