Revised return cannot transform original return in to a return U/s 139(3) so as to avail the benefit of carrying forward or set-off of any loss

Proper officer has no jurisdiction to issue SCN on a person whose taxable turnover is less than threshold limit: Delhi HC

Sufficiency of reasons to believe cannot be looked into for considering the validity of the search proceedings:

Fine of Rs. 17,000/- on the company and Directors for not furnishing CIN on letter head of the company

GSTR-1 may not be required to be filed after E-invoicing made mandatory for all the taxable persons.

Filing of appeals in the case of identical issues:New Form issued

Notice calling for suggestions, views, comments etc. from stakeholders on comprehensive changes in FORM GSTR-3B

Non Appointment of CS by Company: RCO imposed penalty of Rs. 18.23 Lakh

E-invoicing to be made mandatory for person with Turnover of Rs. 5cr from January, 2023

Know about the Observation of the Supreme Court on the phrase “Reason to Believe”

Best Known Global Tax Haven Countries – Know about it

The Hon’ble NCLAT full bench overturns its two previous judgements to clarify that Licensor for payment “ License Fees” will be treated as Operational Creditor and “ License Fees” is an Operational Debt.

Charitable Trust in Maharashtra liable to pay 3% contribution from 2009 onwards

Proceedings under the Insolvency and Bankruptcy Code (IBC), 2016 cannot dilute the rights of the Tax Department to reopen the assessment U/S 148

Public authority must not exercise that power just because it would be lawful for the said authority to exercise the same: Bombay ITAT.

Power of RBI to withhold remittance to be made under Automatic route to Wholly owned Subsidiary cannot be used to reject the remittance on whimsical and arbitrary reasons.

RBI announces International Trade Settlement in Indian Rupees

Karnataka HC quashes CBIC Circular on GST on Annuity received by Concessionaire