Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Over 20,000 notices have been issued by the investigation arm of the GST authority all across India for the AY 2017-18 to AY2021-22, which comprises of tax demand of over Rs 80,000 crore, under the estimation. For distinct issues, the Directorate General of GST Intelligence has furnished the notices along with the alleged shortfalls in […]
If the proper e-way bill is presented for the issuance of a seizure order, any differences are solved, directing the unwarranted arrest of the goods, Allahabad HC ruled. Once the E-way bill is produced before the seizure order can be passed, it shall not be stated that the applicant has made any violation of the […]
Order Section 73 of the Goods and Service Tax Act, 2017 cannot be passed to a company under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, the Allahabad High Court ruled. Section 73 of the Goods and Service Tax Act, 2017 designates a proper officer to start proceedings if he […]
The collection of GST revenue has surged by 10.3% year on year to Rs 1.82 lakh crore in July, it is the third highest monthly mop-up, led by a robust rise in taxes collected from imports, as per the official data. The GST revenue collection in July was 4.75 per cent more increased than June’s […]
The income tax department has issued a warning to the assessees against making bogus claims, since the due date for filing ITR for AY 2024-25 approaches July 31. The department advises that inflating expenses, underreporting earnings, or exaggerating deductions is a punishable offence and may result in delays in refund issuance. Till Now Over Five […]
In the article, we discussed the important changes in the GST rules that are part of the union budget for 2024. The Union Budget 2024-25 was presented by the Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman in Parliament on July 23, 2024. Latest Changes of GST Law in Union Budget 2024 Mentioned below […]
What is the New TDS Section 194T? The Finance Bill, 2024, presents a significant change for partnership firms with the proposal to insert a new TDS section 194T of the Income Tax Act, 1961. The same move has the motive to bring payments made to partners, including salary, remuneration, commission, bonus, and interest, under the […]
The GST is liable to get paid in advance obtained against the supply concerning the work contract, The Gujarat Authority of Advance Ruling (AAR) ruled. The turnkey contract entered into by the applicant has been ruled to be a work contract, remarked by the bench of Amit Kumar Mishra and Milind Kavatkar. The petitioner is […]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has said that the provision of Section 254(2) of the Income Tax Act, 1961 could not be utilized for a recall and analysis order by the tribunal. It is believed that the aforesaid provision has the objective to rectify the mistake seen from the […]
