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An order passed by the Deputy State Tax Officer against a dead person has been set aside by the Madras High Court. The Bench of Justice Krishnan Ramasamy noted that “the impugned order was passed by the Deputy State Tax Officer/respondent against a dead person, who passed away on 21.11.2019. In such case, the impugned […]
It was ruled by the Ahmedabad ITAT that the provision for leave encashment which was inherited by the taxpayer on the grounds of the restructuring practice of GEB, under which the majority of employers have been onboarded by the taxpayer company could not be added to the income of the taxpayer. The Division Bench of […]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) in a case quashed a tax penalty imposed u/s 270 of the Income Tax Act 1961, remarking that the taxpayer failed to file a Return due to a bona fide misunderstanding. The taxpayer Sekhon Jagtar Singh, in this case, is an individual who […]
Acknowledging the hardship being faced by the exporters as of restriction concerning the refund on exports, the 54th GST Council Meeting as a trade facilitation measure, recommended omission of Rule 96(10), rule 89(4A) & rule 89(4B) from CGST Rules, 2017 prospectively, where the advantage of the specified concessional/ exemption notifications is taken on the inputs. […]
In a case, the Income Tax Appellate Tribunal (ITAT) of Bangalore ordered improvement of the amended return filed via the taxpayer, remarking that misadvice via the tax auditors of the taxpayer directed him to pay the excess income tax. The assessee Ramalingaiah, a semi-literate individual engaged in the business of tailoring and trading in textile […]
Witnessing that the taxpayer has fulfilled the conditions to lessen the tax rate under section 115BAA, the Gujarat High Court cited that the revenue department would required to condone delay in the filing of Form 10-IC instead of rejecting it on technical grounds. Section 115BAA of the Income Tax Act permits domestic companies to use […]
A CA needs to have a thorough checklist before issuing and signing off any document to secure your practice and maintain the integrity of your profession. The obligation of a Chartered Accountant to issue the certificates and sign the documents is influential and sensitive. Social media trends show the cases in which the CAs faced […]
The Madras High Court in a ruling condoned the delay in GSTR-3B filing via the applicant, directing the amendment to section 62(2) of the Goods and Services Tax (GST) Act. Therefore the issued assessment order u/s 62(1) has been withdrawn by the court. The applicant, Helmet House filed the GSTR-1 return dated 25th March 2023, […]
Good and services tax (GST) collections in August surged to 10% from the same period of the previous year to Rs 1,74,962 crore, according to the government’s official statement. The same rise was noted in all categories- Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess. In the previous year, the gross GST […]
