Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the unexplained credit will uphold when there is no proof proving the enhanced amounts that are liable to pay. The taxpayer, M/s. Mahamaya Exports Pvt. Ltd. questioned the Commissioner of Income Tax (Appeals)-31 [CIT (Appeals)] New Delhi, on 20.12.2017 for the assessment year […]
Against the dead person, the Bombay High Court ruled that a reassessment notice is not valid until the legal representatives submit to the jurisdiction of the Assessing Officer without lifting any protest. The division bench of Justice Dhiraj Singh Thakur and Justice Valmiki Sa Menezes, the legal representatives do not give their right for the […]
The Authority of Advance Rulings (AAR) in Haryana has said that Security Services provided by a Limited Liability Partnership shall not be treated as taxable under Reverse Charge Mechanism (RCM). Under the Goods and Services Tax(GST) Act, 2017 the petitioner has been registered and asked for the ruling as a Limited Liability Partnership that has […]
The Central Board of Direct Taxes (CBDT) furnishes the policies applicable for the compounding of violations under the Income Tax Act, of 1961. Compounding of violations in the normal form does not count under the right. But the offences might be compounded via competent heads on the upon eligibility satisfaction conditions mentioned in the same […]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench headed by Mr N.K. Billaiya, Accountant Member, and Mr N.K. Choudhry, Judicial Member, deleted the penalty levied under section 271(1)(c) as the notice under section 274 was unable to define concealment or provide the wrong particulars of income. In the process of scrutiny assessment of the petitioner, […]
Revision of Table 4(B) & (D) of form GSTR 3B vide notification number 14/2022 and clarification given concerning reporting of the identical vide Circular 170/02/2022, the assessees obligated to visit again their way of recording ITC in their books to ensure true reporting according to the revised form GSTR 3B. Below is our update we […]
Under section 9(5) of the Central GST Act, 2017 the Goods and Services Tax ( GST ) portal has enabled Table 3.1.1 in GSTR-3B for reporting supplies. In the former month, the GST made a new table 3.1.1 in GSTR-3B form. As per section 9(5) of the CGST Act, 2017, an Electronic Commerce Operator (ECO) […]
The Calcutta High Court, on Thursday, gave its ruling in the Purulia Metal Casting case, which says that the action taken by the GST department to recover the tax from the electronic cash ledger even before the due time to file the appeal was expired is a certain violation of section 78 of the Central […]
A GST expert CA Sunil P Jain mentioned that the traders and the tax consultants are suffering from the issues in CGST departmental audit as towards the GST law various discrepancies are there, and in other cases, it is found even in the departments. Various meanings are assumed, and the business found it difficult to […]
