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Government May Drag The Option To Revise Output Liability

Govt May Drag Revise Output Liability Option in Case of Fake GST Invoices

Revenue Secretary Sanjay Malhotra in a press conference said that the government’s objective is to remove the flexibility furnished to the buyers and sellers in amending their output obligation. The same action consists of locking the invoices and eliminating the edit option in the forthcoming fiscal year, a proposal that shall be reflected in the […]

Certain Issues Faces by Salary Workers While Job Changing

Major Issues with Solutions for Salaried While Job Changing

This post will examine the major issues and their solution faced by salaried persons while job changing. Switching jobs at a time of a rapidly changing world is a common career decision in distinct industries and at distinct phases towards the professional journey, be it entry-level, mid-phase, or retirement. Behind such transitions are goals to […]

Punjab Tax Revenue Surges Beyond INR 30,000 Crore

PB FM Reports Significant Growth in Tax Revenue for FY 2023-24

Punjab finance minister Harpal Singh Cheema availed that the tax revenue from goods and services tax (GST), excise, and value-added tax (VAT) in the 10 months of the fiscal year (FY) 2023-24 had crossed the figure of 30,000 crores with a 15.67% rise in GST and 10% growth in revenue from excise as compared to […]

GSTAT Will Be Made Functional in the Next 7 Months

Revenue Secretary: GSTAT Operations Expected to Start in July or August 2024

Certain clarifications and confirmations for the future start of the functioning of the GST appellate tribunals have been made by Revenue Secretary Sanjay Malhotra. Between taxpayers and the tax system, the tribunal is to address the problems and is gearing up to initiate its proceedings in July or August. Mr. Malhotra is feeling positive about […]

Madras HC's Order for Flow Link Systems Pvt. Ltd.

Madras HC: GST Refund Must be Examine on Documents Related to ITC Availing & Zero-Rated Products Exporting

During remanding the matter the Madras High Court ruled that the refund claim needed to be examined and determined established on the documents related to the claiming of the ITC and the export of the product on zero-rated grounds. The petitioner has incurred the GST refund claims on time and cannot be faulted for the […]

SC's Order for Vardan Associates Pvt. Ltd.

SC Lowers Tax Penalty to 50% for Transportation of Goods After Expiry of GST E-Way Bill

In the case of Vardan Associates Pvt. Ltd. vs. Assistant Commissioner of State Tax Central Section & Ors, the Supreme Court of India provided a judgment. The case concerns the transportation of goods and the levying of penalties after the expiry of the E-way bill validity. The Court declined the penalty levied on the appellant […]

Calcutta High Court's Order for Sunil Kumar Poddar

Not Updated Shipping Bill Information in GSTR-1, GST Refunds Cannot Be Denied

The Calcutta High Court in a recent statutory development has provided a significant judgment for the case of Sunil Kumar Poddar vs. Additional Commissioner (Appeal) pertinent to the rejection of a Goods and Services Tax (GST) refund. The applicant has been involved in zero-rated goods supply asking for a refund of the unused ITC however […]

Center New Amnesty Plan for 10 million Income-tax payers

Center Gives Relief By Introducing Amnesty Plan for 10 Million Taxpayers

Finance Minister Nirmala Sitharaman said that more than 10 million assessees particularly the small salary earners shall secure the long-due notices for the dues pertinent to the income tax, wealth tax, and gift tax withdrawn. In an amnesty plan, it shall attain the dues of up to ₹25,000 in cases prior to the 2009-10 financial […]

Patna High Court's Order for Ramesh Radav

Patna HC Rejects Writ Challenging the GSTIN Cancellation Due to Procedural Errors

A writ petition challenging the cancellation of GST registration by the Union of India is been dismissed by the Patna High Court in its judgment. The applicant, Ramesh Radav, was dissatisfied with the cancellation of registration by an order passed dated 20.01.2021. Applicant’s counsel contended that the show-cause notice for cancellation of registration on 06.01.2021 […]

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