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Finance Minister Buggana Rajendranath Reddy inaugurated a GST Seva Kendram and unveiled the Vision and Mission of the Commercial Taxes Department. Additionally, he introduced a compendium comprising Standard Operating Procedures (SoP), circulars, and peer learning material linked to State tax matters. The event took place on Monday. The primary goal of the GST Seva Kendram […]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) ruled that the Income Tax Department does not have the authority to scrutinize Sales Tax Returns accepted by the commercial tax department. Therefore, the panel removed the addition added by the assessing officer concerning stock valuation. Aruljothi Exports Private Limited, a corporate resident involved in […]
The Commercial Tax Department (CTD) has appealed the traders in Indore who have failed to migrate to the GST portal till now. The department officials have warned the traders to cancel their Traders Identification Number (TIN) if they don’t migrate to GST portal ASAP.
The commercial tax department (CTD) has organized mega camps at all the nine divisional central station from Tuesday for mass enrollment/enlistment of traders and heads of business concerns and their units under the arrangements of the goods and service tax (GST) administration, which is to be upheld in the nation coming year.
State Commissioner of Commercial Taxes Ritvik Pandey on Wednesday said that the Goods and Services Tax (GST) will increase the inter-State transactions and will be positive to the port towns like Mangaluru.
BJP ruled states has taken a matter seriously of GST council which kept a section of assesses of the Goods Tax and all assesses of Service Tax under the exclusive control of the Central government. A protest has been scheduled on 17 October at Delhi which will demonstrate the discontentment of the employees by this course of decision.
The commercial Tax department has been enraged by the upcoming GST regime and its shortfalls over the Union government and demands the government attention on the issues related to GST. The protest like scenario was created in Vizianagaram and Srikakulam on Monday.
Presently, the department has been assigned with three priority tasks such as submitting recommendations to frame the State GST Law and rules/regulations, training the appointed officials and building a back-end processing system. According to sources, the department is indulged into preparing suggestions for the enforcement of the new tax law. It will take two months of time to complete.
Under Section 11 of the Income Tax Act, 1961 the income tax appellate tribunal (ITAT) Chennai bench ruled that exemptions must not be allotted when the activities of the trust are like trade, commerce, or business. The Taxpayer, SAE India, was registered Under Section 12AA of the Income Tax Act, 1961 from AY 2004-05 onwards. […]
