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The Madras High Court in a judgment for the mismatch in the ITC claim under Form GSTR-3B and auto-populated GSTR-2A asked the applicant to file the 10% of the disputed tax amount while passing an order for re-adjudication by the tax authorities based on new material. The Nilgiri Dairy Farm P.Limited, (Nilgiri) submitted a Writ […]
The decision of the Commissioner of Income Tax(Appeals)[CIT(A)] has been carried by the Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) permitting the tax deducted at Source (TDS) credit of ₹168.61 crore, noting discrepancies in 26AS form due to late payment of TDS and revised filings, and asked the AO to verify the credit. On […]
It was held by the Jharkhand High Court that the Goods and Services Tax ( GST) Input Tax Credit ( ITC ) is permissible even on the late filing of the Goods and Services Return GSTR-3B for the FY 2017-18 while asking for a Refund of Penalty & Interest to the petitioner. M/s. Ram Constructions, […]
A Goods and Services Tax ( GST ) assessment order has been set aside by the Madras High Court pertinent to the fiscal year 2020-2021, asking for a fresh hearing in matters engaging the discrepancies between GSTR-3B and GSTR-2A returns. The court marked that neither the answer furnished nor the tax filed emerged from the […]
Steelmaker JSW Steel Ltd cited a penalty of Rs 64.47 crore that has been levied by the office of the commissioner of GST and Central Excise, Belagavi Division. The penalty is pertinent to the alleged non-payment of GST under the Reverse Charge Mechanism for mining rights payments in Karnataka in the period of July 2017 […]
Union Finance Minister Nirmala Sitharaman addressed the user’s concern who questioned the financial pressure on the middle-class people of India. For various decades, the country has been supported by these middle-class people which contributes highly in terms of taxes and spending. On the X platform, the user has tagged Sitharaman and requested certain relief for […]
Karnataka and Tamil Nadu in the South are counted under the top 5 states in India that account for 70% of India’s total direct tax collections. Maharashtra tops the list with 38.9%, accounting for a significant portion of tax collections, whereas Karnataka and Tamil Nadu rank second and fourth, respectively. Following Gujarat, Delhi has arrived […]
After the amendment in the fiscal limits for filing the appeals in direct and indirect tax matters in the Union Budget 2024-25, the Apex court dismissed 573 direct tax cases in which there is less than Rs 5 crore tax effect, the Ministry of Finance mentioned. As per the finance ministry, the measures are anticipated […]
The High Court Of Calcutta, in a case set aside the GST registration cancellation as of not filing the returns and asked for the restoration of the registration furnished the applicant to file all the overdue returns and pay the required tax, interest, fines and penalties. A writ petition has been filed by Biswajit Basu, […]
