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A person registered under GST would be needed to file the GST returns as per the norms of the GST law. But there might be some cases when you might obtain a GST return scrutiny notice in ASMT-10. It provides you with a notice which has been issued via the department for validating the preciseness […]
The guidelines for the special all-India drive against the bogus GST registrations would have been issued by the Central Board of Indirect Taxes and Customs (CBIC). The department has released all details via Instruction No. 01/2023-GST and updated Instruction No. 02/2024-GST. What is a Special All-India Drive Against Fake GST Registrations? The Central Board of […]
Andhra Pradesh has witnessed the highest-ever GST collection in April 2023 since the introduction of the GST system. The state released Rs. 4,329 crore gross GST revenue for the month. Almost 70% of the increase has been noted in the GST revenue of the state in the last four years. The strong GST mop-up in […]
The AO is directed to charge a 6.5% gross profit rate on bogus purchases by the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) in its judgement. The two-judge panel, comprised of Kuldip Singh (Judicial Member) and Gagan Goyal (Accountant Member), has noted that the AO and CIT (A) made the entire inclusion based […]
The Income Tax Appellate Tribunal (ITAT) Guwahati Bench has held that an additional shouldn’t be made on the basis of a declaration made under Section 132(4) of the Income Tax Act without authenticated evidence. A two-judge panel led by Vice President, Rajpal Yadav and Accountant Member, Manish Borad has noted that besides the disclosure statement, […]
The payment was provided as an appreciation to the employee, according to the Pune Bench of the Income Tax Appellate Tribunal (ITAT). Therefore, it does not prove the relevancy under Section 17(3)(iii) of the Income Tax Act. The bench, comprised of two judges, R.S. Syal (Vice President) and Partha Sarathi Chaudhary (Judicial Member), have noted […]
For surging the revenue generated via GST, an anti-evasion function is been initiated by the Delhi government’s tax mainstay, via surveys, inspection, and search and seizure. According to a Delhi government official, special teams have been deployed on state borders to check illegal vehicle entrances and confiscate them if they are found to be in […]
The Orissa High Court held the Central Board of Direct Taxes (CBDT) for issuing the circular as the taxpayer is not able to file an ITR because of technical issues. Mr J. Sahoo, Senior Counsel for All Odisha Tax Advocates Association, the applicant places before the Court copy of the judgment on 13th January 2021 […]
This article will aware of the TDS claim process if credit is not reflected in 26AS, AIS and TIS forms. There is Section 205 of the Income Tax Act of 1961 that gives you rights in certain situations. For example, if you are paying 60% tax on your income but your adequate tax liability is […]
