By: AdminMay 13, 2024Categories: ICMAI|News4 Min Read The Institute of Cost Accountants of India has released a "Guidance Note on Inventory Valuation under the Income-tax Act, 1961" to aid CMA…
Dark stores: E-commerce firms seek clarity on registration under GST regime
By: AdminMay 13, 2024Categories: GST Recent News4 Min Read With the rapid sprouting up of dark stores as part of their quick commerce strategies, e-commerce companies are seeking clarity from…
10 years of Modi government: Tax reforms, challenges
By: AdminMay 13, 2024Categories: GST Recent News4 Min Read In the last 10 years of Modi government rule, India has undergone marked tax reforms focused on streamlining the tax framework,…
GST on corporate guarantees: SC to offer clarity, say officials
By: AdminMay 13, 2024Categories: GST Recent News4 Min Read A clarity on the contentious provision of levying GST on corporate guarantees between two related entities will emerge only after the…
Assessee cannot be deprived of filing an appeal due to non-constitution of the Arbitral Tribunal
By: AdminMay 11, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Orissa High Court in the matter of M/s. BPS Steel Syndicate (P.) Ltd. v. Union of India [Writ Petition (Civil)…
Supreme Court: GST Officers Need Verifiable Material, Not Just Suspicion, for Arrests
By: AdminMay 11, 2024Categories: GST Recent News4 Min Read The Supreme Court of India heard arguments on May 9th, 2024, regarding the legality of arrest powers given to officers under…
Income Tax Refund Status Check: Here’s How To Know Your Status Online In 5 Steps
By: AdminMay 11, 2024Categories: Income Tax|Income Tax News4 Min Read ITR Refund Status Check Online: The deadline for submitting an Income Tax Return (ITR) penalty-free for the fiscal year 2023-24…
Telangana’s GST Revenue Growth Lags Behind National Average
By: AdminMay 11, 2024Categories: GST Recent News4 Min Read Despite the claims of the commercial tax department that it has plugged all loopholes, growth in revenue was lesser than the…
Tax filing season for assessment year 24-25 sees over 9,50,000 returns filed
By: AdminMay 11, 2024Categories: Income Tax|Income Tax News4 Min Read As the tax filing season for the assessment year 24-25 gains momentum, official data reveals that a notable number of…
Section 43B of Income Tax Act: Expenses businesses can cover apart from payment to MSMEs
By: AdminMay 11, 2024Categories: Income Tax|Income Tax News4 Min Read A section of MSMEs and traders in India is expecting the revision or revocation of the new clause h brought…