GSTGST credit is denied to recipient if supplier fails to deposit the taxes to Government exchequer.31 Aug 20230GST credit is denied to recipient if supplier fails to deposit the taxes to Government exchequer. Here is…
Income TaxGST & Anti Fraud Department Cannot Issue Notices to Lawyers of Alleged Tax Evaders : Calcutta High Court31 Aug 20230GST & Anti Fraud Department Cannot Issue Notices to Lawyers of Alleged Tax Evaders : Calcutta High Court …
Income TaxWhen the substantive law confers a benefit on the assessee under a statute, it cannot be taken away by the adjudicatory authority on mere technicalities.31 Aug 20230When the substantive law confers a benefit on the assessee under a statute, it cannot be taken away by the…
GSTGSTN Advisory on “Mera Bill- Mera Adhikar Scheme”31 Aug 20230GSTN Advisory on “Mera Bill- Mera Adhikar Scheme” ADVISORY: MERA BILL MERA ADHIKAAR SCHEME 24/08/2023 Dear Consumers /users, 1.As per…
GSTEven if the Order has not been served electronically on the Portal, the Limitation Period for felling an Appeal under Section 107 of the CGST Act, 2017 will start from the date of service of the Order manually : Gujarat HC31 Aug 20230Even if the Order has not been served electronically on the Portal, the Limitation Period for felling an Appeal under…
GST5% GST for Un-Fried Extruded Snack Pellets, 18% for Ready –To-Eat variants: CBIC Circular No 200/12/202331 Aug 202305% GST for Un-Fried Extruded Snack Pellets, 18% for Ready –To-Eat variants: CBIC Circular No 200/12/2023 In accordance…
GSTGST Authority Must provide hearing opportunity before passing an adverse order even if not demanded31 Aug 20230 GST Authority Must provide hearing opportunity before passing an adverse order even if not demanded Here is an…
GSTAdvisory for applicants where GST Registration application marked for Biometric-based Aadhaar Authentication30 Aug 20230Advisory for applicants where GST Registration application marked for Biometric-based Aadhaar Authentication 28/08/2023 Dear Taxpayers, 1. Rule 8…
Income TaxAssessing authorities are bound to compute the correct income, and merely for a procedural lapse on technicalities, the assessee should not be compelled to pay more taxes than what is due from him30 Aug 20230Assessing authorities are bound to compute the correct income, and merely for a procedural lapse on technicalities, the assessee should…
Income TaxAssessee having failed to claim exemption under s. 54F, could claim the same by way of revision under s. 264 and the revisionary authority is bound to consider the same29 Aug 20230Assessee having failed to claim exemption under s. 54F, could claim the same by way of revision under s. 264…
Income TaxNostro Account maintenance charges are not Interest U/S 2(28A)ITO v. The Hongkong & Shanghai Banking Corporation Ltd29 Aug 20230Nostro Account maintenance charges are not Interest U/S 2(28A)ITO v. The Hongkong & Shanghai Banking Corporation Ltd Facts: Revenue…
GSTGSTN Advisory for applicants where GST Registration application marked for Biometric-based Aadhaar Authentication29 Aug 20230GSTN Advisory for applicants where GST Registration application marked for Biometric-based Aadhaar Authentication Rule 8 of CST Rules had…
Income TaxPatna High Court tightens the IT Cnorms- Claims of IT by purchasing dealer subjected to strict rigors of payment of tax by selling dealers28 Aug 20230Patna High Court tightens the IT Cnorms- Claims of IT by purchasing dealer subjected to strict rigors of payment of…
Income TaxRevisionary jurisdiction by the Pr. CIT solely based on the valuation officer’s report is not justified: Chennai ITAT28 Aug 20230Revisionary jurisdiction by the Pr. CIT solely based on the valuation officer’s report is not justified: Chennai ITAT …
Income TaxResponsibility of Purchaser is limited to the extent of verifying GST Registrstion of the Supplier on GST Portal – Hon’ble Andhra Pradesh High Court28 Aug 20230Responsibility of Purchaser is limited to the extent of verifying GST Registrstion of the Supplier on GST Portal – Hon’ble…
Income TaxTaxation of Bonus Shares, splitting of Shares & Demerger28 Aug 20230Taxation of Bonus Shares, splitting of Shares & Demerger Query 1] I have been allotted the shares of Reliance Jio…
Income TaxRegistered sale deed of an immovable property is not necessary to give rise to a transfer U/S 2(47):28 Aug 20230Registered sale deed of an immovable property is not necessary to give rise to a transfer U/S 2(47): Smt.Sapnaben Dipakbhai…
Income TaxCBDT revamps the national website of the Income Tax Department for enhanced taxpayer experience, including a due-date alert function.26 Aug 20230CBDT revamps the national website of the Income Tax Department for enhanced taxpayer experience, including a due-date alert function. …