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Search results for: tax refund

TNGST Instructions for Proceedings

TN: GST Instructions for Adjudication and Assessment Proceedings

The guidelines would have been provided for the assessment and adjudication proceedings issued by the state GST department of Tamil Nadu, it was furnished under the Tamil Nadu Goods and Services Tax Act, 2017 along with the other legacy acts for the devotion to the principles of Natural Justice. The circular furnished mentioned that “It […]

GST E-way Bill Not Compulsory for Intra-city Movement of Goods

HC: No Need to Generate GST E-way Bill for Intra-city Goods’ Movement

The Allahabad High Court held that the e-way bill would not be essential for the intra-city movement of goods, held the order by the appellate authority. But the same ruling would bind the applicant and respondent to the same could be directed in the identical case in different courts. The GST e-way bill would be […]

Best Tips to Adopt Low-Code No-Code

Best Tips to Adopt Low-Code No-Code Development in Company

There is much more demand for rapid application development with the businesses laid on their IT companies to build and provide ready applications. As per tax experts, the demand for the same has increased among industries due to covid-19. The businesses would have amended their operating models so that innovation is faster for growth and […]

AP High Court's Order for RK Infracorp Pvt Ltd

AP HC Instructs GST Dept to Re-think Assessee’s Claim If Deserves

Under Section 54(1) of the CGST Act, it is mentioned that the amount credited in the TDS form is qualified to get a refund for the applicant. Since the excess amount was present in the electronic cash ledger the applicant has furnished 3 separate applications for the repayment of excess credit inside the electronic cash […]

Confusing Points of TDS Section 194R

Explained by Experts: New TDS Section 194R Confusion Points

The government, in the Finance Act, of 2022, made a new section 194R to the Income Tax Act, of 1961. It makes it compulsory for resident Indians to furnish a 10% tax on the advantages obtained through them. A resident Indian who received any advantage needs to pay the 10% tax at source on the […]

New Income tax Guidelines for Faceless Assessment Scheme

CBDT: New Guidelines of Faceless Assessment to Simplify Scheme

New compliance for the income tax dept assessing officer has been announced by the Central Board of Direct Taxes (CBDT) so as to diminish the errors in the procedure and raise the faceless assessment system for the assessee. As per the decision, the assessing officer (AO) shall be needed to issue a show cause notice […]

CAG Report Highlighted Flaws in GST Data

CAG Report Highlights GST Database Flaws Due to Law Framing

A show cause notice was issued to the assessee for running a bogus company and missing a bogus ITC of Rs 26.53 cr. on 1st June 2018, the related dept refused the same enrollment. The assessee gives his statements on the date of 7th June 2018 and 6th July 2018 to the Directorate of Revenue […]

High Court's Order for New India Assurance Company

HC: Insurance Companies Can’t Deduct TDS on Interest on Payment to Claimant

Towards the exemption for individuals who have not yet received long-pending insurance claims with interest, the Punjab and Haryana High Court ruled that TDS does not get deducted by the insurance companies on the interest on the compensation amount till 1.06.2015. Justice Arvind Singh Sangwan acknowledged a modification plea by the New India Assurance Company […]

A Balanced GST Compliance Structure

High GST Collection & Reducing Litigation, Still A Struggle

GST has been incorporated in India in 2017. This has changed the indirect tax systems of the country. Seeing its ups and downs the government and industry have acknowledged that its stability could be attained if both give and take come at equilibrium. It is one of the reasons that the government has provided the […]

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