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The GSTN issued Advisory No. 620 on January 01, 2024, on the functionalities available on the portal for the GTA assessees. The Functionalities Below are Made Available on the Portal for the GTA Taxpayers To Follow the Notification Above the Online Filing in Annexure V Form and Annexure VI Form are available on the portal […]
In its recent ruling, the Delhi High Court has instructed the Goods and Service Tax (GST) registration cancellation, aligning with the date on which the application for cancellation of the registration was filed. The petitioner, Saroj Gagneja, filing a writ petition contested the directive whereby her GST registration was retroactively revoked. The petitioner had been […]
The addition was removed by the Delhi Bench of Income Tax Appellate Tribunal (ITAT) under Section 69A of the Income Tax Act 1961 which states that the books of account and vouchers are not needed in returns filed under Section 44AD of the Income Tax Act. A search and seizure operation was conducted on the […]
TJ Vinod, the assessee, has been directed by the Kerala High Court to appear before the Commissioner of Income Tax regarding the rejection of their application for registration under Section 12A of the Income Tax Act, 1961. In the present writ petition, the petitioner seeks to challenge the order dated 18.9.2023. This order rejected the […]
The Patna High Court in a recent ruling has overturned the dismissal of the GST petition and reinstated the petition, contingent on fulfilling the mentioned conditions shown in Notification No. 53 of 2023-Central Tax. Stressing the importance of complying with the legal timeliness at the time of considering the chance furnished via the related notifications […]
On 28th December, the Central Board of Direct Taxes (CBDT) furnished the guidelines on the problem of deduction of 1% income tax of the gross amount of the sale of goods or services via e-commerce companies in the multiple-operator model framework. An e-commerce operator under section 194-O of the Income Tax Act, 1961 (‘the Act’) […]
ICICI Bank Ltd and Kotak Mahindra Bank Ltd, private sector lenders, announced on Thursday (December 28) that they’ve been issued demand notices by the Goods and Services Tax (GST) Department. The notices amount to ₹26.8 crore for ICICI Bank and ₹62.3 lakh for Kotak Mahindra Bank. ICICI Bank reported that it received a notification from […]
The Delhi High Court in the case of M/S SETHI SONS (INDIA) Vs. ASSISTANT COMMISSIONER has permitted the GST Refund claim beyond the limitation time owing to a late filing because of GST Portal Glitches. The petitioner lodged this petition due to being dissatisfied with the refusal to refund unused input tax credit (ITC) gathered […]
The Punjab Accountants Association, a collective representing accounting experts statewide, has raised a significant issue in a formal communication to the Honourable Finance Minister of Punjab. Their plea revolves around the urgent need to stop the distribution of ambiguous and inaccurate GST Form DRC-01 notices, as these are creating undue stress for compliant traders and […]
