Maharashtra to lose Rs 30,000 cr if GST compensation not extended: Official
If the Centre does not extend the GST compensation from July this year, Maharashtra, which pays the maximum taxes, will lose Rs […]
GST Recent News
GST Recent News
Assessee to claim Refund of Tax Collected by State without Authority within 3 Years from the date of payment: Madras HC
The Madras High Court bench of Justice R.Mahadevan and Justice Mohammed Shafiq has held that any tax collected without authority would certainly amount to unjust enrichment
Important News
Updation of UDINs at e-filing Portal
The Institute of Chartered Accountants of India (“ICAI”) has issued an Update dated April 28, 2022 w.r.t. updation of Unique
Notification And Circular, Notification and Circular
CBDT issued revised instructions for constitution and functioning of ‘Local Committees to deal with Taxpayers Grievances from High-Pitched Scrutiny Assessment’
The CBDT issued revised instructions vide F.No.225/101/2021-ITA-II dated April 23, 2022 for the constitution and functioning of ‘Local Committees to
Notification And Circular, Notification and Circular
Benefit of the exemption on import of specified COVID-19 related items may not be denied merely on issue of procedure
The CBIC issued Instruction No. 4/2022-Customs dated April 27, 2022 regarding implementation of Notification No. 28/2021-Customs dated April 24, 2021
Press Release, Press Release
Status Note on GST compensation released to States/UTs
At the time of introduction of GST, the Constitution amendment provided that the Parliament, by law shall provide compensation to
Important News
Income Tax Department issued instructions for filing Form 10BD
The Income Tax Department has issued instructions for filing Form 10BD. Field Instructions to fill up CSV Template These instructions
GST Recent News
April GST collection likely to range from Rs 1.45-1.50 lakh crore: Finance Ministry sources
The monthly collection under the Goods and Services Tax (GST) is likely to peak to another all-time high of Rs
GST Recent News
Exported goods cannot be confiscated u/s 113 of Customs Act: CESTAT Hyderabad
The Hyderabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has ruled that Section 113 of the Customs Act only provides for
Important News
GSTR-1/IFF enhancements deployed on GST Portal
The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated April 27, 2022 w.r.t. GSTR-1/IFF enhancements and improvements