06 May 24

FM Sitharaman Refutes Post-Election Income Tax Speculations

ICAI releases Exposure Draft of Guidance Note on Reports on Audit u/s 12A/10(23C)

Delhi HC Slams GST Authorities for Neglecting Natural Justice Principle, Orders Re-adjudication

05 May 24

CCS Police Arrest Deputy Commissioner and 4 GST Officials for Using Forged Documents in Refund Claims

WB AAR: Applicant is Eligible to Claim GST ITC on Demo Cars

Vishakhapatnam ITAT: Assessee Can Claim ITC for TCS Paid Even When No TDS Shortfall Exists U/S 194Q

04 May 24

Mumbai CESTAT: CENVAT Credit Allowed for Input Services Used in Electricity Production for Sister Unit

Gujarat High Court Declines to Intervene in a Section 153C Tax Notice

ITAT Delhi: No Tax Deduction Permits U/S 54 Without Basic Facilities

03 May 24

MCA Establishes Appellate Authority for Chartered Accountants, Company Secretaries and Cost Accountants

UP Surpasses TN in GST Collections By Reporting a 19% Growth

Companies Seek More Clarification from Telangana State GST Dept.

02 May 24

Never Seen Before, GST Revenue Reaches INR 2.10 Lakh Cr in April 2024

Rajkot ITAT: Tax Deduction U/S 43B Can Be Permitted When Assessee Claims on Payment Basis

NFRA Sets Penalty on M/s Dhiraj & Dheeraj Firm for Audit Lapses in RHFL

01 May 24

AI in ICAI: Institute President CA Ranjeet Kumar Agarwal opens up About Future Plans for Chartered Accountants

ICAI Seeks Tax Incentives for Green Energy Projects in Pre-Budget Proposal

Dual GST Demand for Same Period: Delhi HC Instructs Re-adjudicate After Merging SCN

CBIC Establishes Common Norms for GST Officers to Audit Banks

Patanjali Ayurved and Patanjali Foods Ltd Receive GST Notices Due to Non-payment and Wrong ITC

30 Apr 24

Calcutta HC: Tax Dept Can’t Impose Penalty Without Proof of Higher Value Than GST Invoice

ICAI releases Exposure Draft of Guidance Note on Reports on Audit u/s 12A/10(23C)

Patanjali Foods Faces Show Cause Notice Over Rs 27.46 Crore ITC

CBIC develops common bank audit plan for central, state GST officers

29 Apr 24

Profit Assumptions On Estimate Account U/S 41(1) Can’t Be Allowed, Punjab & Haryana HC Order

CBDT Grants Relief to Taxpayers on Short TDS Due to Inactive PAN

CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024

28 Apr 24

GST Appellate Tribunal Set to Alleviate Pending Appeals

GSTN Announces Launch of Enhanced Version of GST Portal On 3rd May 2024

CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024

27 Apr 24

Rajasthan HC: Imposing Heavy Penalties for E-way Bill Expired by Only 44 Minutes is Unjustified

CESTAT Ahmedabad Ruling: Used Fire Bricks Not Subject to Excise Duty as Waste

Surge in Appeals as GST Authorities Issue Tax Notices for Old Returns

CBDT Extends Due Date for Filing 10A/10AB Forms by Cir No. 7/2024

26 Apr 24

FY25 Budget Session May Revise Clause H of Section 43B

ITAT Mumbai: IT Addition Can’t Be Deleted Solely Due to Erroneous Section Mention

Madras HC Remands Case for Reconsideration: Disparity in GST Returns Ignored Despite Timely Payment

CBDT Starts Drive to Tackle Backlog of 0.54M Tax Appeals

25 Apr 24

All Details About Accounting Systems with its Diverse Scopes

Telangana GST AAR: Rent from Government Boys Hostel Taxable Under Law

Same GST Invoice Number on Multiple E-way Bill? Madras High Court Quashes an Assessment Order

TDS Deductions Not Evaluated on Payments to Medical Machine Maintenance: ITAT Delhi Orders Fresh Adjudication

24 Apr 24

urnover Discrepancy in GSTR 3B and Form 26AS: Madras HC Rejects Tax Demand Order on Condition

Gujarat HC: Technical Glitch Won’t Sink GST Appeal: Order Copy Delay No Reason for Rejection

ITAT Surat: WhatsApp Pics Alone Don’t Prove Income Without Verification

23 Apr 24

Chhattisgarh High Court Directs Additional GST Refund on Work Contracts

Delhi ITAT: Entries in a Manual Cash Book for Cash Withdrawals are Not Sufficient for Tax Additions

Telangana High Court Rejects Unsigned GST Order Due to Lack of Justification

Rajasthan HC: ‘Mens Rea’ is An Essential Element To Establish Delayed ITR Offense

22 Apr 24

Telangana AAR Decides 5% GST Rate for Teicoplanin and Caspofungin Medicines

Telangana AAR: 28% GST Rate on Rental / Leasing Charges for Industrial Equipments

Bombay High Court Permits Total Interest on Tax Refund to CEAT