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Net goods and services tax (GST) of ₹1.71 trillion in January has been collected by the Centre and states, the highest in nine months. As per the official data, the collection is 10.9% higher from ₹1.54 trillion in the year-ago period. In April FY25, the net collection stood at ₹1.92 trillion. Last month the gross […]
Under the Goods and Services Tax (GST) regime in India, the e-way bill is a significant compliance possess. It ensures the facilitated movement of goods and averts tax evasion. The blog provides a detailed overview of GST intra-state e-way bill prerequisites for tax professionals, including threshold limits, exemptions, notifications, and other relevant details. GST E-Way […]
It was held by the Gauhati High Court that Section 69 of the Central Goods and Services Tax Act 2017, which grants the power to arrest a Commissioner under the Act, needs the authority to not only record ‘reasons to believe’ that a taxpayer committed the specified offence but also determine the necessity to arrest. […]
In India, Goods and Services Tax (GST) has been introduced to ease indirect taxation while ensuring compliance. One recurring problem suffered is the interest demand towards the deposited tax amounts in the Electronic Cash Ledger (ECL), though not set off while submitting the GST returns. The blog analyses the statutory nuances of this problem, its […]
The launch of a new Biometric Face Authentication feature through a mobile application has been announced by the Andhra Pradesh Commercial Taxes Department, in collaboration with the Goods and Services Tax Network (GSTN), w.e.f January 1, 2025. In a statement, Babu A., Chief Commissioner of State Tax, notified that this Biometric Face Authentication was objected […]
Mobile/ telecommunication towers are movable properties, eligible for taking input tax credit under the Central Goods and Services Tax Act, 2017, the Delhi High Court ruled. A division bench of Justices Yashwant Varma and Girish Kathpalia carried that the telecom towers do not come under Section 17(5) of the CGST Act which sets out distinct […]
S.153C Income Tax Act doesn’t bar the jurisdiction of AO to reopen the assessment under section147 when information against the taxpayer is received from a search conducted on another person: Delhi High Court It was carried by the Delhi High Court that section 153C of the Income Tax Act, 1961 does not by itself preclude […]
The Gujarat Chamber of Commerce and Industry (GCCI) asked for a standard operating procedure (SOP) for new GST registration to ensure the ease of operating the business. GCCI has sent a presentation for distinct problems pertinent to the GST before the state and central GST departments. “We understand that checks and balances in availing registration […]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) asked for a fresh assessment for a matter that engages the disallowance of commission payments for non-deduction of TDS u/s 40(a)(ia) of the Income Tax Act,1961, acknowledging the proof furnished under rule 29 of the ITAT rules which was unavailable as of the financial issues along […]
