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The Kerala High court ruled that the decided order is now being passed which is in Form GST ASMT-13 in which form GST DRC-07 is the only report. The applicant Hash constructions ask the petitioner order passed through the joint commissioner and plead beneath the central goods and services tax act through the refusing the […]
The union government has given Rs 84k cr till date to states beneath the specific borrowing window to bridge up the GST shortfall, while the provisional consideration of the GST stands at Rs 2.06 lakh cr amid April-November 2020. The GST consideration of Rs 40k cr has been furnished towards the states and UTs so […]
There is confusion in every GST-enrolled individual and professional furnishing of GST returns in the current times to which the policy is to be taken, QRMP policy, or the monthly 3B system such as in Income Tax, the incorporation of the new income tax slab regime in lower tax price done by the government and […]
The Karnataka Authority of Advance Ruling (AAR) held that GST might be imposed on the notional interest upon the security deposit. The petitioner is the owner of Midcon Polymers Pvt. Ltd. who has the intention to involve in the business of renting commercial property on the monthly rents and allied business. They have an idea […]
Learning that “the facts of the case are very gross and shocking”, the Gujarat High Court said on Friday (05th February) uprooted the GST officials for allegedly “coercing and pressurizing” an individual to shift an amount of Rs.9 Crore to the account of the field. The two Judges Justice J. B. Pardiwala and Justice Ilesh […]
The Union Budget 2021 proposed some amendments to the GST Act, and the effect started to reflect as the rules will become more stringent to allow input tax credit. Santosh Kumar Gupta, tax expert, in a seminar organized on the amendment of GST law of Tax Bar Association on Thursday said that “the tax payable […]
The Income Tax Appellate Tribunal (ITAT), Pune Bench has permitted the deduction beneath Section 35(1)(ii) of the Income Tax Act with respect to the donation. The taxpayer owner of MRC transolutions Pvt ltd furnished a donation of Rs 1.25 cr to the organization known as the school of human Human Genetics and Population Health (hereinafter […]
Still, the economy is far away from meeting the pre-covid platform, but the finance minister is very well known about the compliance and the rise in the scrutiny which will assist in revenue collection in the next result. Ajay Bhushan Pandey the Finance Secretary said to TNIE that the collection will rise up through the […]
Budget 2021, which was officially announced by Finance Minister Nirmala Sitharaman on February 1, 2021, introduced multiple changes to the tax regime, including the goods & service tax (GST) system – the indirect tax system of India. The new GST changes, which include relaxation in mandatory audits for registered businesses, aim to help SMEs recover […]
