Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Bombay High Court has ruled that the IGST (Integrated Goods and Services Tax) paid on zero-rated supplies will be refunded to the petitioner along with 7% interest. A two-member bench consisting of Justice G.S. Kulkarni and Justice Jitendra Jain have determined that the petitioner has the right to claim a refund for the IGST […]
GST provisional attachment order is invalid post 1 year, Bombay High Court ruled. On 21st April 2022, the communication provisionally attaching the applicant’s bank account would be made illegal and is invalid by virtue of the provisions of Section 83(2) of the CGST Act. On 19th April 2023, the extension of the provisional attachment by […]
E-invoicing has been enabled by the Goods and Services Tax (GST) department and will be required as of August 1, 2023. Taxpayers having an Aggregate Annual Turnover (AATO) of between Rs. 5 crore and Rs. 10 crore are liable for this. The AATO is the total annual turnover of a single legal entity which may […]
In an appeal filed before it the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, stated that no penalty under section 271 (1) can be levied if the when income submitted via taxpayer in the investigation would have been shown in the regular income tax return filed within the due date. Ahmedabad ITAT witnessed […]
The Central Board of Indirect Taxes and Customs (CBIC) has announced Standard Operating Procedure (SOP) in order to scrutinise GST returns for FY 2019-20 onwards via releasing guidelines. Attention is drawn to Instruction No. 02/2022-GST, dated March 22, 2022, which provides a Standard Operating Procedure (SOP) for the scrutiny of returns filed for the fiscal […]
The Income Tax Appellate Tribunal (ITAT), the Mumbai bench has argued the Income Tax Scrutiny Assessment under section 143(3) on account of this issuance of a manual assessment directive lacking a Documentation Identification Number (DIN). The assessee, Teleperformance Global Services Pvt. Ltd. was in the business of offering IT-enabled services. The return of income was […]
Throughout this post, we have explained all of the government GST Reward Schemes for fraud informants. Informers and government employees can get rewards for disclosing and reclaiming assets and properties connected to unpaid taxes, duties, fines, and penalties in order to comply with the provisions of the Central Goods and Services Tax Act, Customs Act, […]
While upholding the addition, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that A.O. did not reject the books of accounts under Section 145 but instead assessed the income on the basis of the Profit Margin Method. While dismissing the department’s arguments, the T.R. Senthil Kumar (Judicial Member) and Waseem Ahmed (Accountant […]
A person registered under GST would be needed to file the GST returns as per the norms of the GST law. But there might be some cases when you might obtain a GST return scrutiny notice in ASMT-10. It provides you with a notice which has been issued via the department for validating the preciseness […]
