GSTN Advisory in respect of introduction of Compliance Pertaining to DRC-01C (Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in the GST-R3B)

GSTN Advisory: Temporary / Short Period Pause in e-InvoiceAuto Population into GSTR-1

Delay of 433 days in filing Income tax Appeal: Kerala HC directs Income Tax Commissioner to Decide Condonation Application

Highlights of amended Rule 11 UA notified on 25 Sept.2023

Appellate Authority Cannot Condone Delay in Filing GST Appeal For More Than One Month Beyond Prescribed Period: Kerala High Court Dismisses Writ Petition

Delhi HC allows deduction of EPF paid on a day after the national holiday

Chennai ITAT deleted partial addition of cash deposited during demonetisation and ordered taxation at Normal Tax Rate for other additions

Reopening of the case on borrowed satisfaction and change of opinion is not permissible: Bombay High Court

Numerous GST notices issued to the taxpayers get GST notices for FY 2017-18

More than 30 lakh Audit Reports filed till 30th September, 2023, on the e-filing portal of the Income Tax Department

If a loan or advance is given to a shareholder for the benefit of the company, it doesn’t qualify as a deemed dividend under section 2(22) of the Income Tax Act.

14 Changes in the GST Law – Effective from 01.10.2023

Tax collection at source @ 20% on foreign remittances

Non disclosure of foreign assets in the ITR-may result in fine of Rs. 10 Lakh

New TCS from 1st October 2023 for various foreign remittances:

Buying property jointly with a daughter-in- law indicates an investment intent, not a business motive : ITAT

Validity of communication of Document Identification Number [DIN] vide separate intimation without mentioning such DIN examined by Calcutta High Court

GST Deptt issues mass automated show cause notices to beat the deadline of 30th September,2023