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In the case involving M/s. Eicher Motors Limited versus the Superintendent of GST and Central Excise, the Madras High Court has ruled that no interest should be imposed if the Goods and Services Tax (GST) is deposited within the stipulated due date, even if the GSTR-3B filing is delayed. The petitioner, a well-known manufacturer specializing […]
With the majority of initial challenges, such as online portal glitches, invoice matching issues, and delays in refunds, largely addressed and monthly revenue consistently exceeding Rs 1.6 lakh crore, experts suggest that the government is poised to advance the second-generation reforms in the GST. In the upcoming interim budget presentation on February 1, Finance Minister […]
The government has received a notice from the Punjab and Haryana High Court regarding a plea that questions the extension of the limitation period under Section 168A of the GST Act. A bench comprising Justice G.S. Sandhawalia and Justice Lapita Banerji has temporarily halted the issuance of final orders in Section 73 cases related to […]
In a recent judgment, the Patna High Court fined a Goods and Services Tax (GST) officer Rs 5,000 for engaging in what the court considered as coercive and unlawful attempts to recover the entire tax amount from an individual who was awaiting the statutory right to appeal before the non-functional Goods and Services Tax tribunal […]
This article will explain the process of filing a request to condonation under section 119(2)(b) through online and offline methods. As we are aware, every taxpayer is required to submit their Income Tax Return within the stipulated timeframe, either by 31st July or 31st October, as per the provisions outlined in sections 139(1) and 139(4) […]
Verifying the legitimacy of issued Show Cause Notices and Orders under GST holds utmost importance within the sphere of tax compliance. This article explores the importance of closely examining these documents, bringing attention to essential aspects of the CGST Act, 2017. Latest Update Fill Form for GST Compliance Software What is the Need to Verify […]
In its most recent revision, the Goods and Services Tax Network (GSTN) has unveiled a redesigned Notices and Orders Tab on the GST Portal. This overhaul is geared towards optimizing the accessibility of vital information for taxpayers. The objective of this redesign is to elevate user experience through the implementation of a more intuitive and […]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition of unelaborated investment in stock as a difference in the valuation of stock. Mahavir Singh (Vice President) and Manjunatha. G. (Accountant Member), presiding over the bench, have observed that the assessee declared additional income attributable to excess stock discovered during a survey. […]
The Central Board of Direct Taxes (CBDT) has recently updated the Income Tax Portal, enabling the electronic submission of amended Income Tax Returns (ITRs) for the Assessment Year (AY) 2023-24 or Financial Year (FY) 2022-23. Taxpayers are now given the option to submit revised Income Tax Returns (ITRs) for the ongoing assessment year under Section […]
