By: AdminJune 29, 2024Categories: GST Recent News4 Min Read The Central Board of Indirect Taxes and Customs (CBIC) on Thursday clarified that if an MNC subsidiary in India as service…
Good news for ITR Filers; You can now file tax audits with Aadhaar OTP, no digital signature required
By: AdminJune 29, 2024Categories: Important News|Income Tax News4 Min Read The Income Tax Department has introduced a new verification method for tax audit forms, allowing taxpayers to use Aadhaar OTP…
No GST on Esops from foreign parent companies, says CBIC
By: AdminJune 29, 2024Categories: GST Recent News4 Min Read Esops given by foreign companies to employees of its Indian subsidiary at prevailing market value will not attract GST, the CBIC…
Gujarat Sees Shutdown of 4.05 Lakh Businesses Following GST Implementation
By: AdminJune 29, 2024Categories: GST Recent News4 Min Read The Goods and Services Tax (GST) system, intended to streamline taxes and enhance business efficiency, has seen a significant impact in…
CBDT Allows Delayed Tax Payments Under DTVsV Act Until February 28, 2022; Manual Form Processing Deadline Set for September 30, 2024
By: AdminJune 28, 2024Categories: CBDT Notification|Notification And Circular4 Min Read The CBDT issued Order vide F.No.173/03/2021-ITA-I(Pt.2) dated June 27, 2024 under section 10 of the Direct Tax Vivad se Vishwas…
ITR filing 2023-24: Keep this list of crucial documents at hand while filing income tax returns
By: AdminJune 28, 2024Categories: Income Tax|Income Tax News4 Min Read July 31 – the due date for filing income tax returns for the financial year 2023-24 – is now just…
GST Act does not mandate adherence to route map by transporters to reach delivery points: Karnataka High Court
By: AdminJune 28, 2024Categories: GST Recent News4 Min Read The Goods and Services Tax Act does not mandate that transporters of goods have to compulsorily adhere to the route map…
Ghaziabad man held for making fake firms in ₹10k cr GST fraud
By: AdminJune 28, 2024Categories: GST Recent News4 Min Read A 31-year-old man was arrested for his alleged involvement in creating bogus firms using stolen or fake identities to use them…
Search and Seizure of a godown cannot lead to penalty
By: AdminJune 28, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Allahabad High Court in the case of M/s. Gopi Chand Batra Traders v. State of Uttar Pradesh [Writ Tax No.…
CBIC extended the exemption provide to imports of specified defence equipment’s for a further period of 5 years
By: AdminJune 28, 2024Categories: CBIC|Notification And Circular>Customs4 Min Read The CBIC vide Notification No. 26/2024-Customs dated June 28, 2024 extends the exemption provide to imports of specified defence equipment’s for…