02 Sep 24

GST collections increase by 10% to reach ?1.74 trillion in August

CBDT rolls out Dispute Resolution Scheme (e-DRS) 2022 to minimise litigation

Siemens Hit with Rs 29.4 Crore Tax Demand from Income Tax Department

Infosys Hit with Rs 3 Crore Tax Penalty Over Alleged Discrepancies in ITC and Payments

01 Sep 24

Shipping Corporation Faces Rs 160 Crore GST Demand for FY20 Due to Input Credit Mismatch

CBIC to Notify GST Provisions Under Finance Act 2024 Post 54th GST Council Meeting on 9th September

SCI Faces GST Controversy: ?160 Crore Demand Notice for FY 2019-20

31 Aug 24

GST E-way Bill Expiry Due to Lack of Route Can’t Be a Ground for Applying Section 129: Allahabad HC Rejects Order

P&H HC Quashes ?128 Cr Fine Imposed on LAO for Failure to Deduct TDS from Interest on Increased Compensation

Delhi ITAT: Routine Support Services Can’t Be Classified as FTS Under India-UK DTAA

27 Aug 24

Mandatory Biometric Aadhaar Authentication & Document Verification for GST Registration in Dadra and Nagar Haveli, Daman and Diu and Chandigarh

Ministers panel on GST reviews rates of several categories

GST taxpayers without valid bank accounts to be barred from filing GSTR-1 from Septemer 1

26 Aug 24

Unlinked PAN with Aadhaar Result in High Tax Demands, Putting Firms in a Difficult Position

Payment, GST Invoice, E-way Bill Insufficient to Prove Physical Movement of Particular Goods: HC Upholds Penalty U/S 74

All About New RCM Liability/ITC Statement Under GST Regime

25 Aug 24

GST Portal Introduces RCM Liability/ITC Statement.

GSTN Issues Advisory for Furnishing Bank Account Details Before Filing GSTR-1/IFF

Delhi CESTAT: Wrong Address Cited in Invoices Can’t be a Valid Reason to Reject CENVAT Credit

24 Aug 24

Calcutta HC: Non-compliance with the Statutory Provision of Section 75(4) Invalidates the GST Order

GoM Defers GST Slab Changes, Focuses on Rate Review Across Sectors

Madras HC Allows One-Day GSTR-3B Filing Delay and Dismisses ITC Reversal GST Notice

23 Aug 24

Madras HC: GST Authority Must Rectify Mistakes in GSTR 1 Made by the Assessee

Kerala HC: Delay Condonation Applications Should Be Judicious, Not Hyper-Technical

New Fear for Companies, CBDT Seeks Explanation for Major Discrepancies in Their Reported Incomes

FM Sitharaman: Increase in Tax Collections Reflect India`s Growing Economic Formalization

FM Sitharaman Pushes for RRBs to Boost Credit Flow to MSMEs in Cluster Areas

22 Aug 24

FM Sitharaman Calls for Fair, User-Friendly Tax Notices and Emphasizes Speedy Refunds and Capacity Building

GST Intelligence Uncovers Rs 1.2 Trillion Tax Evasion Since 2020

Delhi HC: Tax Deduction U/S 80-Ia(7) Can’t Be Rejected Due to Not Filed Audit Report Digitally

CBDT Clarifies All Conditions for Income-tax Clearance Certificate

Ministry of Education Steps After IIT-Delhi Receives ?120 Cr GST Notice for Research Grants

21 Aug 24

CAG Urges Finance Ministry to Target High-Risk GST Composition Taxpayers

Bombay HC Sets Aside Tax Notice Against Director as TDS Already Deposited with Interest

CAG Instructs FM to Determine High-risk GST Composition Scheme Taxpayers

20 Aug 24

Finance Ministry to Review GST Rates on Digital News Subscriptions

CAG Urges Finance Ministry to Target High-Risk GST Composition Taxpayers

President Murmu Gives Assent to Finance (No 2) Bill 2024

CAG Urges Finance Ministry to Target High-Risk GST Composition Taxpayers

19 Aug 24

E-Way Bill Generation Hits Record High of 10.48 Crore in July

Finance Ministry Grants Income Tax Exemption to UIDAI for 5 Years Until FY 2027-28

Bombay HC Quashes Jurisdictional AO’s Exercise U/S 148A Conducted Outside Faceless Mechanism

18 Aug 24

Mumbai ITAT Quashes Addition on Interest Income from FD Due to Lack of Evidence

Quick Guide to Income Tax Section 148A with New Changes

Cuttack ITAT Remands Case to CIT(A) for Reassessment of Non-Compliance and Evaluation of Evidence

17 Aug 24

Ahmedabad ITAT: AO Failed to Specify Tax Penalty u/s 274 and 271(1)(c)

Allahabad HC Rules Detention Unwarranted if E-Way Bill is Presented Before Seizure Order

Madras HC Quashes 300% GST Penalty for Belated Tax Returns, Instructs to Place a New Order

14 Aug 24

Bajaj Finance Faces Rs 342 Crore GST Show Cause Notice

GST Panel Likely to Consider Insurance Relief Plea

Telangana HC Allows GST Exemption for Construction Services in Maldives