18 Nov 24

GSTN Issues Important Advisory on GSTR 2B and IMS

CBDT Launches Campaign to Help Taxpayers Report Foreign Assets and Income in AY 2024-25

17 Nov 24

Govt Highlights Shift in Tax Burden and Rising Taxpayer Base Over the Last Decade

Delhi HC: Penalty for TDS Violations and SCN Issues from Previous Name Company Can Be Rectified u/s 292-B

Gujarat HC: No Need for Certified Copy of GST Appeal Order When Accessible on Common Portal

Over 8 Crore ITRs Filed for AY 2024-25, 74% Opt for New Tax Regime

16 Nov 24

Bombay HC: GST Refund Rejection Without Hearing Violates CGST Rules 92(3) and Principles of Natural Justice

Investigation Wing to Examine Cases of JDA Landowners Who Didn’t Pay Capital Gains Tax

Kerala HC Overturns Denial of Input Tax Credit, Citing GST Notification Under Section 16(5)

15 Nov 24

More Than 70% of India’s Income Tax Comes from High Earners Making Over ?50 Lakh

Investigation Wing to Examine Cases of JDA Landowners Who Didn’t Pay Capital Gains Tax

Bombay HC: GST Refund Rejection Without Hearing Violates CGST Rules 92(3) and Principles of Natural Justice

Gujarat HC: No Need for Certified Copy of GST Appeal Order When Accessible on Common Portal

14 Nov 24

MP HC: IT Order Passed Under Section 148A(d) Cannot Be Applied; Writ Petition Can Be Appealed

Budget 2025-26: Centre May Introduce Simplified Direct Tax Code to Reduce Statutory Issues

Maharashtra AAR: No GST on Penalties, Late Fees, or Penal Interest Imposed by RBI

Madras HC:Recovery Actions Cannot Be Initiated Against Company Directors if Assessee’s Status is Non-Existent

13 Nov 24

India`s Online Gaming Market Surges by 23% in FY24 Amidst GST Hike

NFRA Recommends Comprehensive New Audit Framework for India by April 2026

ADVISORY FOR WAIVER SCHEME UNDER SECTION 128A

Advisory regarding IMS during initial phase of its implementation

12 Nov 24

ITAT: Medical Certificate is Valid Proof for Condoning Assessee’s Delay in Filing Tax Audit Reports

Karnataka HC: GST Section 75(4) Ensures a Hearing Opportunity Before Any Adverse Order

SC: The Law is Common for Everyone; Income Tax Must Be Deducted on Salaries Paid to Christian Nuns

11 Nov 24

ITAT Chennai: Dismissal Due to Delay Without Condonation Petition is Untenable

New GST Forms SPL-01 and SPL-02 to Avail Interest Waiver and Penalties U/S 128A

ITAT Chennai: Dismissal Due to Delay Without Condonation Petition is Untenable

Bangalore ITAT Cancels Disallowance of Interest-Free Advances to Sister Concern of Assessee u/s 36(1)(iii)

SC: The Law is Common for Everyone; Income Tax Must Be Deducted on Salaries Paid to Christian Nuns

10 Nov 24

GST AAR: Tax Will Be Applicable to the AAI-Adani Pact for the Airport in Thiruvananthapuram, Kerala

Karnataka Sugarcane Cultivators’ Association Urges FM to Grant GST Exemption on Agricultural Equipment

Orissa HC Instructs Filing of GST Appeal U/S 112 to Challenge Short Tax Payment

08 Nov 24

GSTN Issues Advisory related to Other Territory Applications

Gen GST Software’s Invoice Management System Dashboard

GST: Tax Authorities Disclose INR 25K Cr Tax Evasion Due to False Tax Credit Claims

MCA Dept. Extends Deadline for Filing Financial Statements by Producer Companies

TDS Concept for the Metal Scrap Industry Under GST

07 Nov 24

CBIC Mandates 1-Year Deadline for Customs Fraud Inquiries

GST Advisory No. 543: No Permission to Report Older e-Invoices for Businesses with AATO Above ?10 Crores

CBDT Allows Tax Officials to Reduce or Waive Interest on Delayed Payments, Subject to Conditions

Easy Guide to Filing the New GST DRC-03A Form on Portal

06 Nov 24

Big Relief for TNPDCL Customers: No GST on Replacement of Three-Phase Electricity Meters

FM Sitharaman Chairs Meeting for Comprehensive Review of the Income Tax Act, 1961

Gujarat Govt Eases the Burden by Providing Relaxation in GST Penalties and Interest

GSTN Advisory: New e-Invoice Reporting Limit Set for Businesses with AATO of Rs 10 Crore and above

GSTN Issues Advisory for Form GST DRC-03A

05 Nov 24

Income Tax Department Receives 6500 Stakeholder Suggestions for Overhaul of IT Act, 1961

CBDT Allows Electronic Filing of Forms 3CEDA and 3C-O Via Notification No. 5/2024

Delhi HC: Two Judgment Orders Against One SCN Cannot Be Accepted for the Same Period

No GST Returns Will Be Accepted If Filed More Than 3 Years Past Their Due Date