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The Simplicity of Executing Business for MSMEs Approximately 50 lakh enrollments have been done on the Zero-cost MSME registration portal Udyam in just 14 months since its start on 1st July 2020. The first 25 lakh enrollment has been reported on the latest paperless portal in 8 months on 5th March 2021 and the mentioned […]
The refund shall be furnished to the credit that collects on inputs beneath the inverted duty for the GST regime said Supreme court. As per the order, the Madras High court placed it alongside the order of the Gujarat high court. The appeal has been acknowledged which the GST department urged to go through again […]
Rajasthan high court held that GST should not be liable upon meter charges and the additional charges charged through Jaipur Vidyut Vitran Nigam Limited (JVVNL). “The Rajasthan high court at Jaipur in the concern of Jaipur Vidyut Vitran Nigam Limited vs. UO I & Ors. has canceled para 4(1) of Circular dated 01/03/2018 which clarified […]
Under section 147 of the Income Tax Department, The Income Tax Department is empowered to reassess an individual’s previous/privately filed income tax returns. The assessing officer possesses the power to pick the income tax return for the reassessment keeping in consideration some predefined criteria by sending the notice under section 148 for the purpose of […]
The income tax department launched the new website of Income Tax on June 7th, 2021. The website is having various technical problems since its launch. One of these is the problem related to ITR, Let’s know it in detail here. Various Errors Related to ITR People were excited about the new Income Tax website but […]
The Group of Ministers (GOM) led by Meghalaya chief minister Conrad Sangma submitted to the council on Monday the recommendation that No change in the 5% GST rate for Covid vaccines Reduce GST to 5% on both commercial imports and domestic supply of most other Covid medicines and materials. Furthering the recommendations, the GOM also […]
An NCR-based firm that imported oxygen cylinders & regulators from abroad and thereafter donated them to the Delhi Government has challenged the Centre’s decision of excluding the aforesaid imports from the Adhoc GST exemption that is meant for COVID-19 relief material. Delhi HC Shall Hear the Writ Petition on Thursday Against The Finance Ministry of […]
Yet another setback to one of the Corporate Giant Coca-Cola, India who tries to play tricky games with tax authorities due to the influence they have in the society. The writ of Hindustan Coca-Cola Beverages Private Limited (HCCBPL), a subsidiary of Coca-Cola India that challenged the show-cause notice issued to it by GST authorities relating […]
Towards the taxpayer’s case the assessing officer who posses valid jurisdiction will record reasons u/s 148(2) for reassessment proceedings unless the issue of notice u/s 148 is not valid. Beneath section 148 of the act reopening notice invalid if the officer who has given the notice varied from the officer who had recorded the causes […]
