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ITAT Jaipur in a recent matter announced that the imposition of the late fee as per section 234E of the Income Tax Act 1961 is obligatory, authentic, and consequential in nature and even after having “reasonable cause” represented from the assesses side for such default, it can’t be removed. Latest Update 11th July 2022 ITAT […]
The Income Tax Department (IT Department) has a simple motto “KOSH MULO DAND” which means ‘The treasure is more important than the army’ it also stands for ‘Revenue is the backbone of the country.’ It suits the aim of the department and indeed right. Revenue is almost a base required for governing a country and […]
Differently-abled People or Divangjans were facing various problems in vehicle registration, after observing all the problems the Search Results Ministry of Road Transport & Highways (MORTH) has made some changes in the vehicle registration form that will help Divangjans to utilize various financial benefits including but not limited to benefits under GST. Government also updated […]
The 41st GST Council Meeting was organized on August 27, 2020, till 5:30 pm. The GST council meeting members discussed the “revenue compensation to states”. The 41st GST Council Meeting was conducted via video conference due to the corona pandemic. Also, there was some discussion pending before the GST council such as GST rate cut […]
E-invoice will come into action from October 2020, and after its inclusion businesses having turnover INR 500 crores or above have to generate invoices through a centralized Government portal. As per a recent update, a meeting between a high-level group of ministers will be organized where they will discuss GST E-invoicing Know the step by […]
To mitigate the inconveniences faced by top executives of firms the Directorate General of GST Intelligence (DGGI) released broad guidelines to officers to avoid excesses. The released guideline clearly directed all the officers to not issue a summons to top executives of firms including PSUs. In a circular released on August 14, it has been […]
The CGST Department conducted the investigation, Seizure, and search operations at the residences and offices of Director and MD of Kerala Communications Cable Ltd. a few months back. They reached court with writ appeal and said that their residences and offices were kept under illegal custody and an amount of Rs.1 Crore extorted from them. […]
Yeah, employees are in the loss due to the pandemic, job loss, salary cut, work/ leave without pay are some of the very well known issues employees are facing at present time but more tax payment is another pain COVID 19 is going to add in this list. If you are working from home during […]
On August 17, Goods and Services Tax Network authorities released an update and notified about a new facility that has been provided on the GST portal to the taxpayers. With this facility, taxpayers can download document wise details of Table 8A of Form GSTR-9 A simple guide to GSTR 9 (GST annual return form) online […]