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The income tax appellate tribunal (ITAT), Pune bench was accepted late of 931 days in furnishing the taxpayer finding out that the delay was because the tax practitioners were busy with the GST compliance. Mr Vasathan Mukundan furnished a petition before CIT(A) with a delay of 931 days. The taxpayer would be subjected to performing […]
The seven cr strong traders body asks that the GST official must ask the traders prior to revamping GST rates. The suggestions incurred via the Group of Ministers (GoM) which the GST official formed must not be provided with a go-ahead in the coming meeting without any consultation with the traders, as asked by the […]
The clarifications seek the applicability of the demand and the penalty provisions on the transactions invoicing the bogus invoices. The GST officials in their next week’s meeting seem to acknowledge a proposal to draw clarity on the actions with respect to the entities engaged in Input Tax Credit claims that becomes a bigger source of […]
A group of ministers (GoM) verifying the GST rates would ask for the elimination of the exemptions on given services, which consists to remain in cheap hotel rooms, hospital rooms exceeding a tariff limit, and the service given by the financial sector and the food safety regulators. Concerning the increase in the revenue-neutral rate (RNR) […]
The Income Tax Appellate Tribunal (ITAT), Chennai bench ruled that the short payment of invoices would be treated as a business loss if the claim is not verified with precise invoices. The taxpayer, M/s India Pistons ltd availed the business loss for the amount of the cost difference/ discounts deducted. It was indeed mentioned that […]
Goods and Services Tax officials would discuss some amendments in the law it is seeing to introduce, notified by CNBC-TV18. The same shall consist of the changes to GSTR-3B the monthly GST return which is to get furnished via assessee among the others. GST officials would notify the ease compliance bottlenecks for the e-commerce suppliers […]
The Mumbai Bench of Income Tax Appellate Tribunal ruled that Assessing Officer has correctly verified documents adduced by the assessee and set-asides revision proceedings u/s 263. In the investigation process, PCIT sees that AO accepted the justification of the cash payments on the grounds of the taxpayer’s cash ledger, Mahesh Arvind Tilve, without building any […]
The Maharashtra Authority for Advance Ruling stated that the place of supply of service towards which the incentive obtained will be outside India to draw the purpose of Export u/s 2(6) of IGST,2017. The appellant would be a GST enrolled individual in Maharashtra and is a reseller of Intel products which they intended via several […]
The Maharashtra Authority of Advance Ruling (AAR) including T.R. Ramnani and Rajiv Magoo held that GST is subjected to pay on receipt of gratuitous payment from outgoing members. The petitioner has a co-operative housing society registered under the Maharashtra Co-operative Housing Society Act (MCHS Act) holding 48 flats that impose its member’s maintenance charges according […]
