Correct GSTR-2B is generated on GST Portal check and file correctly
The Goods and Services Tax Network (“GSTN”) says a few taxpayers (recipients of supply) had reported that they have observed the […]
Important News
News
Subsidy received from the Govt. in the form of Refund of VAT and CST, to encourage industrial growth, is a capital receipt: Pune ITAT
The Pune Bench of ITAT has ruled that a subsidy granted by the State of Maharashtra, with the objective of encouraging industrial
Notification And Circular, Notification and Circular
CBDT issued guidelines w.r.t. deduction of tax on benefit or perquisite in respect of business or profession
The CBDT vide Circular No. 12 of 2022 dated June 16, 2022 has issued guidelines w.r.t. Section 194R of the
GST Recent News
CENVAT Credit cannot be claimed on expenses incurred on CSR: Delhi CESTAT
The Delhi Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that expenses incurred by a person on activities
GST Recent News
47th GST Council to meet on June 28, 29 – tweaks in tax rates & slabs on agenda
The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will meet on June 28 and 29, 2022 in Srinagar
Press Release, Press Release
Operational creditors to furnish extracts of GSTR-1, GSTR-3B and e-way bills, along with the application for initiation of corporate insolvency resolution process
The Insolvency and Bankruptcy Board of India (IBBI/Board) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for
News
Assessee should be given opportunity to produce evidence which has impact on tax liability: Calcutta HC
The Calcutta High Court bench has held that assessees should be given the opportunity to produce evidence which has an impact on
Press Release, Press Release
Revised Instruction for constitution and functioning of Local Committees to deal with taxpayers’ grievances due to high-pitched Scrutiny Assessment
In line with CBDT’s policy and commitment towards providing enhanced taxpayers’ services and reduce taxpayers’ grievances, CBDT has issued revised
Important News
GSTN advised taxpayers not to avail ITC on the same invoice appearing twice in GSTR-2B
The Goods and Services Tax Network (“GSTN”) says few taxpayers (recipients of supply) have reported that they have observed same
Important News
CBDT released Excel Offline Utility for preparing and filing ITR-5
The Central Board of Direct Taxes (“CBDT”) has released Excel Offline Utility dated June 14, 2022 for the preparation and