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A software app known as an integrated development environment (IDE) offers complete features for software development. A source code editor, build automation tools, and a debugger is typically included in an IDE. The necessary compiler, interpreter, or both are included in some IDEs like NetBeans and Eclipse, but not in others like SharpDevelop and Lazarus. […]
On Saturday, Rajiv Talwar, a member of the Central Board of Indirect Taxes and Customs (CBIC) was provided with suggestions regarding GST by the Indore city traders, tax advisors, and industrialists. He learned about what problems its stakeholders are facing with the GST. Read Also: CBIC Recommends New Validations of GST Return Forms for Tracking […]
As ordered by the Central Board of Direct Taxes (CBDT) about the procedural revision for the business owners including professionals, permitting them to carry on with the old tax regime from FY 2023-24. The same measure has been taken as the new tax regime is a default option, making it crucial for people with income […]
Since it will be mandatory for GST taxpayers with turnover of ₹5-₹10 crore to issue e-invoices from 01 August, GSTN has enabled e-invoicing for eligible taxpayers on all IRP portals. Taxpayers can now check their eligibility status on the e-Invoice portal here: https://einvoice.gst.gov.in. This step has been taken to make such taxpayers familiar with the […]
In a recent ruling, the Delhi High Court guided regarding the reimbursement of integrated tax paid on zero-rated supplies in GST, stating that such cases do not fall under the purview of Rule 89(4) of the Central Goods and Services Tax Rules, 2017. The court, comprising Justice Vibhu Bakhru and Justice Amit Mahajan, emphasised that […]
The GST Council has notified that it might consider the CBIC’s recommendations on adding new validations to the GST return filing in order to track evasion and fake ITC claims in its upcoming 50th GST Council meeting scheduled in July. The action was taken by the Central Board of Indirect Taxes and Customs (CBIC) in […]
The Calcutta High Court has remanded the case back to the department, emphasizing that the buyer/petitioner had made the payment for the purchased items and the corresponding tax through a bank transaction, rather than in cash at the time of the transaction. Furthermore, it was noted that the supplier’s name was already registered as a […]
On the grounds of the Annual information statement (AIS) feature which the income tax department utilises the government would be working on the pre-filled consolidation, GST return forms that shall permit assessees to view all their information of transactions and e-invoices to attain the precise tax liabilities. The consolidated pre-filled form, which the Central Board […]
In the way of operations of businesses and the compliance of the laws of taxation the Goods and Services Tax (GST) regime in India has brought about important amendments. The enforcement of penalties for violations and non-compliance with the terms of the GST Act and Rules is one such feature that has acquired relevance under […]
