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Amendments have been introduced by the Central Government to the Central Goods and Services Tax Act, 2017, under the Finance (No. 2) Act, 2024, which has the objective of improving tax compliance and facilitating the load on taxpayers. the Gujarat government has furnished an ordinance revising the state GST act to extend these relaxations in […]
Customers who replace electricity meters for a three-phase electricity connection, after damage or disconnection, will not be required to pay 18% GST on replacement charges of 1,610 to Tamil Nadu Power Distribution Corporation Ltd (TNPDCL), permitting them to save 290. GST on 25 services has been removed by TNPCDL on all consumers from households to […]
An advisory has been released by the Goods and Services Tax Network (GSTN) which notifies the taxpayers that the GST portal shall introduce a filing limitation on specific GST returns more than three years past their due date. GSTN has also confirmed that these changes, which restrict GST return submissions after a three-year duration, will […]
It was cited by the Delhi HC that the two adjudication orders against one SCN for the same period have not been allowed. The Division Bench of Justices Yashwant Varma and Ravinder Dudeja are concerned with the matter in which a show cause notice has been given to the taxpayer under section 74 of the […]
The Central Board of Direct Taxes (CBDT) in an update for the taxpayers via the Directorate of Income Tax (Systems), has issued Notification No. 5/2024 dated October 30, 2024, obligating the submission of certain forms electronically which is listed in Appendix-II of the Income Tax Rules, 1962. The same directive applies to the needed forms […]
In October, Gross GST collection surged to 9% to Rs 1.87 lakh crore, the second highest collection ever, on the pick up in domestic sales and rectified complaints. Rs 33,821 crore, was the Central GST collection, Rs 41,864 crore, was the State GST collection, Rs 99,111 crore was the integrated IGST collection and Rs 12,550 […]
Goods and Services Tax (GST) is to get paid on the procurement of materials and installation of electricity distribution systems when accomplished via an electricity distribution company (DISCOM) under the works contract between the DISCOM and consumers/intending agencies, Uttar Pradesh Authority for Advance Ruling (AAR) ruled. Pashchimanchal Vidyut Vitran Nigam Limited, a subsidiary company of […]
The Bombay High Court carried that as the revocation orders for the registration cancellation on the application of the applicant were passed opposite to the norms of natural justice, after that all the forthcoming proceedings have been initiated, which are consequential, would get quashed. The Division Bench of Justice M. S. Sonak and Justice Jitendra […]
An order was set aside by the Kerala High Court in reassessment proceedings that were furnished without furnishing the taxpayer a chance to answer to the show cause notice. The Bench of Justice Gopinath P. marked that “the show cause notice was issued on 12-03-2024, giving only three days’ time to the assessee to respond, […]