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The Supreme Court has emphasized the need for the Central Board of Indirect Taxes and Customs to set realistic timelines for taxpayers to correct bona fide errors in forms while filing GST returns. The bench of CJI Sanjiv Khanna and Justice Sanjay Kumar was hearing a challenge to the Bombay High Court order which authorized […]
Goa CM Pramod Sawant has been selected to conduct a special GOM that will concentrate on exploring the revenue generated from GST. This determination was made during the 55th GST Council meeting, which was held on 21st December, 2024 in Jaisalmer, Rajasthan. The GST council chose that the group ought to be reorganized to sufficiently […]
With the implementation of the goods and services tax (GST) in July 2017, businesses with multi-state GST registrations are under confusion about the process of distributing common input tax credits (ITC) available on services to lower net GST liability. Some of the entities have chosen the input service distributor (ISD) process to allocate the common […]
Various significant changes have been announced by the Centre in the Budget related to tax, particularly to make TDS and TCS more straightforward. From April 1, 2025, these changes aim to simplify tax compliance for common taxpayers and traders and eliminate unnecessary complexities. Such an amendment will ensure that taxpayers do not suffer the issues […]
In Haryana, the Gross GST revenue increased by 20 per cent to Rs. 9,925 crore in February 2025 from Rs 8,269 crore in the same month of last year, an official release stated. In the collection of Goods and Services Tax (GST), the Excise and Taxation Department, Haryana, has achieved significant growth. Gross GST revenue […]
The Supreme Court has upheld the constitutional validity of Sections 69 and 70 of the Goods and Services Tax Act, which grant the power to arrest and summon. The Constitutionality of these provisions was contested on the basis that the Parliament does not have the legislative competence to legislate them. It was claimed by the […]
According to data from the Goods and Services Tax Network (GSTN) The number of e-way bills generated in January 2025 reached an all-time high of 118.15 million as notified by Informist. It shows a 5.5% rise from 112.02 million e-way bills generated in December 2024, which was the highest in the previous two years. E-Way […]
The High Court of Kerala in a case ruled that Goods and Service Tax ( GST ) is not demandable in lack of any supply of goods/services. The court validating the findings in the impugned orders has declared that the respondent corporation shall not be qualified to collect the tax under the provisions of the […]
The IT Form 49B must be submitted either online or offline to the NSDL department by those who deduct taxes and are looking to obtain a Tax Deduction and Collection Account Number (TAN). This number is essential for processing tax deductions. All individuals obligated to deduct tax at source on behalf of the Income Tax […]
