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In a recent decision that is taken by The Central Board of Direct Taxes (CBDT), the Common Sharing of Information by the Income Tax Authorities with Scheduled Commercial Banks has been allowed. This step taken by the Government shall ease the lenders’ inconvenience and difficulty of deciding TDS deductibility on various payments made to their […]
The Delhi High Court has limited the tax authorities The Income Tax Department has commenced taking actions against unidentified /nameless property and black money. The Department has issued notices to 2000 people from submitting show-cause notices to 13 banks for not imposing the service tax on the assurance to keep ‘minimum average balance’ (MAB) in […]
The Income Tax Department has commenced taking actions against unidentified /nameless property and black money.
The businesses have proceeded to the High Court challenging the legal validity of the notices who obtained the GST notices in December 2023 and January of this current year as of the extension of the due date for the issuance of the GST notice. Before the centre, certain high courts have furnished the notices and […]
A GST notice worth Rs 23.26 cr for the FY 2018-19 has been received by Zomato from Karnataka tax authorities, the company mentioned in a regulatory filing. The order mandates a Goods and Services Tax payment of Rs 11,27,23,564, including additional interest and penalty charges totalling Rs 23,26,64,271, as per the filing. “According to Regulation […]
If the company fails to make payment of the tax then Section 39 of the Kerala Value Added Tax Act, 2003, authorizes the taxing authorities to retrieve the tax dues from the directors of the private company, Kerala High Court ruled. When the taxing authorities were unable to recover the dues from the company, they […]
According to the Goa Chamber of Commerce and Industry (GCCI), the Grievance Redressal Committee (GRC), responsible for resolving GST taxation issues, has not convened a meeting since July 2021. As a result, numerous complaints and grievances have been left pending for over two years. The President of GCCI has written to the GST authorities and […]
The officers are only permitted to force the assessee to pay the tax if they do not comply with the requisite process, notwithstanding that the same might be apparent that these taxes are left and liable to get paid, Delhi High Court ruled. Justice Vibhu Bakhru and Justice Amit Mahajan highlighted that the statement of […]
In a recent ruling, the Bombay High Court declared that CGST/MGST authorities would not have the authority to keep the sum of tax on export transactions. The two-member bench comprising Justice G.S. Kulkarni and Justice Jitendra S. Jain has instructed the state government to transact the sum to the Central Government. The petitioner needed to […]
