Maharashtra SGST Dept. arrests one person for bogus ITC claim from fake bills of Rs.102 cr.
The Maharashtra State GST department arrested one person for bogus ITC claim worth Rs. 14 crore from fake bills of […]
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Non-Disclosure of a Foreign asset in ITR is not a valid reason for Imposition of Penalty if source of Investment is well explained: Mumbai ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) headed by Pramod Kumar (Vice President) and Rahul Chaudhary (Judicial Member) has ruled that
GST Recent News
Wrong declaration in E-way bill: Madras HC quashes Penalty under GST as there was no intention of Tax Evasion
The Madras High Court bench of Justice C. Saravanan has quashed the penalty under GST for a wrong declaration in an e-way bill as
GST Recent News
Fruit-based fizzy drinks to draw 40% rate under GST after Gujarat ruling
Fruit-based fizzy drinks will continue drawing goods and services tax (GST) of 28 per cent along with 12 per cent
Important News
GSTN enabled new functionality for filing of application of advance ruling, appeal, etc. by unregistered persons
The Goods and Services Tax Network (“GSTN”) has enabled new functionality to facilitate the filing of application of advance ruling,
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AO’s Jurisdiction doesn’t change on mere surrendering section 12A registration: ITAT upholds IT reassessment order against young indian
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) consisting of Amit Shukla (Judicial Member) and Anil Chaturvedi (Accountant Member) has
GST Recent News
Domestic gold spot exchanges face tax hurdle, unlikely to start ops
Domestic gold spot exchanges are facing taxation hurdles and until such issues are sorted out they are unlikely to start operations. All
News
Growth, inflation risks from rising energy prices: Finance Ministry
Elevated prices of energy and other commodities and supply side disruptions due to Russia-Ukraine conflict pose a challenge to the growth
GST Recent News
GST collections likely to hit all-time high of Rs 1.5 trillion in April, 2022
With the e-way bills generated for inter-state trade in goods under the goods and services tax (GST) regime touching a
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Limitation for revisionary jurisdiction runs from the date of assessment order and not reassessment, if subject matter was not covered in reassessment: ITAT Kolkata
The Kolkata Bench of ITAT, consisting of members Rajpal Yadav (Vice President) and Rajesh Kumar (Accountant Member), has ruled that the