Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
A revision in the GSTR-9 annual return form has been cited by a tax expert, which has a submission due date of December 31, 2025, for FY 2024-25. There is a revision in Table 6 reporting applies only to the GSTR-9 form. A notable update has been made to GSTR-9 reporting. Two new rows have […]
The updated move of the government for fast-track GST refunds has been welcomed by the healthcare and medical device industry of India. However, it asked that the next big step is to extend refund eligibility to input services as well as capital goods required to get full tax neutrality and facilitate liquidity challenges encountered by […]
The Gujarat High Court, the apex judicial authority in the state, directed the CBDT to extend the ITR filing deadline for audit cases to November 30, in order to comply with the provisions of the Income Tax Act, which mandate a one-month gap between the filing of the audit report and the ITR. CBDT must […]
Sales of specific segments of insurance policies, such as term and health covers, have surged post-GST revision coming into force dated September 22. The rise in sales is also attributed to the numbers for September came in weak. People appear to time their purchases based on a clarification from the finance ministry, which stated that […]
The Delhi High Court, to avoid duplication of GST cases, sought its Registry to add a new field for the filing of writ petitions to record DIN (Document Identification Number) and the date of the order being contested A division bench of Justices Prathiba M. Singh and Shail Jain passed the direction on marking that […]
The GST portal has been updated to enable online filing of Goods and Services Tax (GST) annual return using form GSTR-9. The reconciliation statement using the GSTR-9C form has been enabled for filing. Significantly, the GSTR-9 annual return filing due date is December 31, 2025, for FY 2024-25, implying there can be less time this […]
The industry of recycling requested the government to reduce the GST to Nil from 18% which has been imposed on plastic bottles. India’s Extended Producer Responsibility policies should be tailored to fit the country’s unique context, especially considering the essential role of the informal economy in maintaining high recycling rates. The ecosystem integration must be […]
The Andhra Pradesh High Court has made an important ruling stating that any assessment or adjudication proceedings that start without the issuance of the required pre-show-cause notice (pre-SCN) as specified in Rule 142(1A) of the Goods and Services Tax (GST) Rules, 2017, are considered legally invalid. This decision emphasises the necessity of following proper procedures […]
The deduction under Section 80P cannot be denied for belated ITR filing, the Nagpur bench of Income Tax Appellate Tribunal (ITAT) ruled and directed the AO to examine the claim and determine the tax liability. The taxpayer Somalwar Academy Education Societies Employees Co-op. Credit Society Mar submitted its income return for the assessment year under […]
