📢𝐇𝐂: 𝐈𝐧𝐭𝐞𝐫𝐩𝐫𝐞𝐭𝐬 '𝐚𝐬 𝐢𝐬 𝐰𝐡𝐞𝐫𝐞 𝐢𝐬'; 𝐐𝐮𝐚𝐬𝐡𝐞𝐬 𝟏𝟖% 𝐆𝐒𝐓 𝐨𝐧 𝐮𝐧𝐟𝐫𝐢𝐞𝐝/𝐮𝐧𝐜𝐨𝐨𝐤𝐞𝐝 𝐩𝐞𝐥𝐥𝐞𝐭𝐬 𝐦𝐚𝐧𝐮?... more

𝐇𝐂: 𝐐𝐮𝐚𝐬𝐡𝐞𝐬 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐧𝐨𝐭𝐢𝐜𝐞 𝐢𝐬𝐬𝐮𝐚𝐧𝐜𝐞 𝐭𝐨 𝐝𝐞𝐜𝐞𝐚𝐬𝐞𝐝 𝐭𝐚𝐱𝐩𝐚𝐲𝐞𝐫 𝐚𝐧𝐝 𝐧𝐨𝐭 𝐭𝐨 𝐥𝐞𝐠𝐚𝐥 𝐫𝐞𝐩𝐫𝐞... more

HC: Non-consideration of reply to audit sans personal hearing amounts to breach of natural justice Adama India Pvt. Ltd. vs. UOI & Ors. WRIT PETITI... more

📢Himachal Pradesh HC Sets-Aside Denial of 'Budgetary Support Scheme' Benefit to Ultra Tech Cement; Remits Matter Ultra Tech Cement Ltd Vs. UOI Fa... more

📢𝐇𝐂 𝐂𝐚𝐥𝐜𝐮𝐭𝐭𝐚: 𝐃𝐢𝐫𝐞𝐜𝐭𝐬 𝐭𝐨 𝐑𝐞𝐬𝐭𝐨𝐫𝐞 𝐆𝐒𝐓 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐅𝐢𝐥𝐢𝐧𝐠 𝐨𝐟 𝐑𝐞𝐭𝐮𝐫𝐧, 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐨?... more

📢HC Calcutta: Grants Additional Opportunity to Prove 'Movement of Goods' for Input Tax Credit B.K. Trading vs. The Superintendent of Central Tax ... more

𝐇𝐂 𝐚𝐥𝐥𝐨𝐰𝐞𝐝 𝐚𝐬𝐬𝐞𝐬𝐬𝐞𝐞 𝐭𝐨 𝐬𝐞𝐞𝐤 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 𝐚𝐩𝐩𝐫𝐨𝐩𝐫𝐢𝐚𝐭𝐞 𝐚𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐜?... more

📢HC Calcutta: Cannot Question ‘Correctness’ of Invocation of Extended Limitation-Period via Writ Haldia Nirman Project Pvt Ltd vs. The Additional ... more

𝐇𝐂 𝐆𝐮𝐣𝐚𝐫𝐚𝐭: 𝐑𝐞𝐦𝐚𝐧𝐝𝐬 𝐟𝐨𝐫 𝐝𝐞 𝐧𝐨𝐯𝐨 𝐨𝐫𝐝𝐞𝐫 𝐨𝐧 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭, 𝐩𝐞𝐧𝐚𝐥𝐭𝐲 𝐨𝐯𝐞𝐫 ‘𝐢𝐧𝐜𝐨𝐫𝐫𝐞𝐜𝐭’ 𝐄-𝐰𝐚𝐲 ?... more

Damco India Private Limited vs UOI & Ors [TS-377-HC(BOM)-2024-GST] 1. Issue: Whether Section 140(5) of the GST Act, 2017 prescribes a specific d... more

If the ITR filed after July 31, then taxpayers are not eligible to claim deductions under 80C to 80U, interest on loans, etc., i.e., file it then a... more

𝐇𝐂𝐚𝐥𝐜𝐮𝐭𝐭𝐚 𝐇𝐂 𝐃𝐞𝐧𝐢𝐞𝐬 𝐑𝐞𝐥𝐢𝐞𝐟 𝐟𝐨𝐫 𝐆𝐒𝐓 𝐑𝐞𝐭𝐮𝐫𝐧 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭𝐬, 𝐀𝐝𝐯𝐨𝐜𝐚𝐭𝐞𝐬 𝐀𝐩𝐩𝐞𝐚𝐥 𝐑𝐨𝐮𝐭𝐞 𝐍𝐚?... more

📢 𝐋𝐞𝐚𝐯𝐞 𝐄𝐧𝐜𝐚𝐬𝐡𝐦𝐞𝐧𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 📢 During Employment: Leave encashment is chargeable to tax. At Retirement or Leaving the Job: F... more

𝐆𝐒𝐓 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐜𝐚𝐧𝐜𝐞𝐥𝐞𝐝 𝐑𝐞𝐭𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐮𝐧𝐥𝐞𝐬𝐬 𝐞𝐱𝐩𝐥𝐢𝐜𝐢𝐭𝐥𝐲 𝐦𝐞𝐧𝐭𝐢𝐨𝐧?... more

"𝐒𝐔𝐌𝐌𝐎𝐍𝐒: 𝐒𝐄𝐂𝐓𝐈𝐎𝐍 𝟕𝟎" The Proper Officer has the power to summon any person whose attendance he considers necessary, either to giv... more

𝐏𝐫𝐨𝐜𝐞𝐞𝐝𝐢𝐧𝐠𝐬 𝐮/𝐬 𝟕𝟒 𝐨𝐟 𝐆𝐒𝐓 𝐀𝐜𝐭 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐞𝐝 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐭𝐡𝐞 𝐛𝐮𝐲𝐞𝐫 𝐟𝐨𝐫 𝐚𝐯𝐚𝐢𝐥𝐢𝐧𝐠 ... more

𝐀𝐜𝐭𝐢𝐨𝐧 𝐭𝐚𝐤𝐞𝐧 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐛𝐮𝐲𝐞𝐫 𝐟𝐨𝐫 𝐫𝐞𝐯𝐞𝐫𝐬𝐚𝐥 𝐨𝐟 𝐈𝐓𝐂 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐭𝐚𝐤𝐢𝐧𝐠 𝐚𝐧𝐲 𝐚𝐜𝐭𝐢𝐨𝐧 𝐚𝐠𝐚𝐢𝐧𝐬?... more

"𝐆𝐀𝐑𝐍𝐈𝐒𝐇𝐄𝐄 𝐍𝐎𝐓𝐈𝐂𝐄" Top-10 Judgments, read till end. Under GST law, unpaid amounts to the Government can be recovered by the proper... more

𝐓𝐨𝐩 𝟓 𝐉𝐮𝐝𝐠𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟔𝟔(𝐀𝐮𝐝𝐢𝐭) 𝐂𝐚𝐬𝐞𝐬: 𝐏𝐫𝐞𝐜𝐞𝐝𝐞𝐧𝐭𝐬 𝐒𝐡𝐚𝐩𝐢𝐧𝐠 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐦𝐩𝐥𝐢𝐚... more

𝐃𝐞𝐥𝐡𝐢 𝐇𝐢𝐠𝐡 𝐂𝐨𝐮𝐫𝐭 𝐪𝐮𝐚𝐬𝐡𝐞𝐬 𝐋𝐚𝐭𝐞 𝐅𝐞𝐞𝐬 𝐟𝐨𝐫 𝐆𝐒𝐓 𝐑𝐞𝐭𝐮𝐫𝐧 𝐝𝐮𝐫𝐢𝐧𝐠 𝐜𝐚𝐧𝐜𝐞𝐥𝐥𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐆𝐒𝐓 𝐫𝐞𝐠... more

𝐑𝐞𝐩𝐨 𝐑𝐚𝐭𝐞 𝐯𝐬 𝐑𝐞𝐯𝐞𝐫𝐬𝐞 𝐑𝐞𝐩𝐨 𝐑𝐚𝐭𝐞 𝐑𝐞𝐩𝐨 𝐑𝐚𝐭𝐞: The rate at which the Reserve Bank of India (RBI) lends money to comme... more

How much can be deducted under Section 80D? 👨‍👨‍👧😷🤒❤️‍🔥 With the exception of preventive health examinations, which may be paid for with cas... more

𝐈𝐬 "𝐏𝐑𝐄-𝐃𝐄𝐏𝐎𝐒𝐈𝐓" 𝐦𝐚𝐧𝐝𝐚𝐭𝐨𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐟𝐢𝐥𝐢𝐧𝐠 𝐚𝐩𝐩𝐞𝐚𝐥? 𝐃𝐨𝐞𝐬 𝐭𝐡𝐞 𝐀𝐩𝐩𝐞𝐥𝐥𝐚𝐭𝐞 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐢𝐞𝐬 ?... more

𝐊𝐞𝐫𝐚𝐥𝐚 𝐇𝐢𝐠𝐡 𝐂𝐨𝐮𝐫𝐭 𝐬𝐞𝐭-𝐚𝐬𝐢𝐝𝐞 𝐭𝐡𝐞 𝐨𝐫𝐝𝐞𝐫 denying ITC due to a mismatch between GSTR-2A and GSTR-3B without providing he... more

𝐉𝐨𝐢𝐧𝐭 𝐁𝐚𝐧𝐤 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐰𝐢𝐭𝐡 𝐅𝐚𝐭𝐡𝐞𝐫: 𝐍𝐨 𝐄𝐱𝐭𝐫𝐚 𝐓𝐚𝐱 𝐨𝐧 𝐂𝐚𝐬𝐡 𝐃𝐞𝐩𝐨𝐬𝐢𝐭𝐬 𝐚𝐬 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐃𝐞𝐜𝐥𝐚𝐫?... more

𝗛𝗼𝘄 𝘁𝗼 𝗙𝗶𝗹𝗲 𝗜𝗻𝗱𝗶𝗮𝗻 𝗜𝗧𝗥 𝗮𝗻𝗱 𝗣𝗿𝗲𝗰𝗮𝘂𝘁𝗶𝗼𝗻𝘀 𝗡𝗲𝗲𝗱𝗲𝗱 Navigating through the intricacies of the Indian Income Tax ... more

Hurry up!!! , Deadline for submitting an updated income tax return. Get in touch with us to request a refund for past TDS.

🚨 Important Update for all Business Owners! 🚨 Recent court cases under the GST regime shed light on claiming Input Tax Credit (ITC) even when s... more

Madras High Court Quashes GST Assessment Order, where the entire tax demand pertains to the disparity between the ITC claimed in the GSTR-3B return... more

🚨 Landmark Ruling Alert: Guwahati High Court Sets Precedent in GST Input Tax Credit Recovery 🚨 In a groundbreaking decision that's catching the ... more

The Madras High Court directed the Appellate Authority to accept the appeal, as confusion existed regarding the applicable act (VAT or GST). The p... more

The Madras High Court 🏛 held that the rejection of the refund claim on the grounds of incorrect categorization was not justified. ✨ The crux of t... more

Join us for an exclusive Zoom Session on mastering "How to Affectively Handle GST Show Cause Notices or Reply?" 🔍 What to Expect: ✅ Gain insights... more

*MAJOR POINTERS* 1. Average real income jumps by 50% Finance Minister Nirmala Sitharaman in her Budget 2024 speech says that the average real i... more

Select Few Judgments on ITC where the supplier has not deposited the tax. ➡️Where input tax credit was denied on ground that suppliers were non-existent but petitioners argued that transactions were genuine, Authorities should consider the petiti... more

Everyone knows that the GST Tribunal is yet to be formed, EXCEPT GST OFFICERS!! I'm not telling a lie but that is what I understood after reading the latest Patna High Court judgment (15-Jan-2024) in case of National Insurance Co. Ltd. This judg... more

Madras High Court refuses to entertain the writ as dispute related to denial of ITC couldn’t be conveniently addressed in writ proceedings. 03-Feb-2023: SCN issued wrt the purchase of goods from M/s.Siba Auto Private Limited. 06-Mar-2023: Reply ... more

𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐚𝐧𝐝 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 Micro तथा Small units से की गई Purchase का पेमेंट 31st March को outstanding रहने पर बड़ी Tax Liability आ सकती है। इसलिए अभी से Planning करे। 1. Micro and smal... more

𝐁𝐮𝐝𝐠𝐞𝐭 : 𝐒𝐦𝐚𝐥𝐥 𝐚𝐧𝐝 𝐦𝐞𝐝𝐢𝐮𝐦 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐞𝐱𝐩𝐞𝐜𝐭 𝐜𝐥𝐚𝐫𝐢𝐭𝐲 𝐚𝐧𝐝 𝐫𝐞𝐥𝐢𝐞𝐟 𝐨𝐧 𝐆𝐒𝐓 Budget expectati... more

03-Oct-2023: A vehicle is intercepted in Uttar Pradesh. The goods were being transported from Kolkata to Delhi. Upon physical verification being made, it was found that there was no discrepancy in relation to the consignment and the goods were as ... more

"How to Handle First Appeal in GST" - Part-3 "Pre-Deposit": 10% of Tax in Dispute (subject to maximum Rs. 50 Crores) Where appeal is filed against a penalty order for goods seized in transit, minimum 25% of the penalty requirement to be paid bef... more

FM Sitharaman gives nod to setting up of GST Appellate Tribunal in Indore Union Finance Minister Nirmala Sitharaman has approved the opening of an appellate tribunal for cases related to the Goods and Services Tax (GST) in Indore, the Madhya Pra... more

As you are aware, by 31-Dec-2023, Demand Orders (DRC-07) have been passed for FY: 2017-18. It's time to review the Orders and, if not satisfied, file an appeal. Starting today, "How to Handle First Appeal in GST" will share my views along with my... more

The Show cause notice issued for cancellation of registration and consequential order was not sustainable when they were cryptic in nature and were passed without providing the opportunity of a personal hearing. Therefore, a direction was to be i... more

What does the expression "pre-deposit of 10% of the tax in dispute" mean? Does it mean 10% of tax in dispute or 10% of total amount in the Order i.e. tax + Interest + Penalty? Karnataka High Court held that 10% has to be only of disputed tax. P... more

Delhi HC held that GST Registration cannot be cancelled with retrospective effect on the ground that the petitioner was not carrying on business from his declared principal place of business when the Appellate Authority accepted that the petitione... more

GSTN introduced the Grievance against Payment (GST PMT) system, enabling users to address payment-related problems faster.

GSTN introduced the Grievance against Payment (GST PMT-07) system, enabling users to address payment-related problems faster.

The Delhi High Court orders a Refund of ITC reversed through Form DRC-03 and Statement recorded at 11.30 p.m. while the Department was conducting the inspection, considering the reversal "Not Voluntary." Facts of the case: 18-Oct-2022: Inspection... more

Rejection of GST Registration on the ground that more than one business entity was running from the same premises. The new registration was applied on the same land which comprised to an extent of three acres. 31-Jul-2023: 1st application for G... more

What is the validity of Order passed within 8 days of issue of Show Cause Notice? This cannot be construed as Reasonable Opportunity of being heard. - HC 𝗧𝗵𝗼𝘂𝗴𝗵 𝗻𝗼 𝘁𝗶𝗺𝗲 𝗽𝗲𝗿𝗶𝗼𝗱 𝗶𝘀 𝘀𝘁𝗶𝗽𝘂𝗹𝗮𝘁𝗲𝗱 𝗶𝗻 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟳𝟯 ... more

Incentives paid for achieving targets cannot be deemed to be consideration and are not liable to Tax. Tribunal Kolktata The primary issue in this case was whether the incentive or commission received by an Air Travel Agent is subject to service t... more

Special Diwali Offer: 50% Discount on Our "Tax Practice and Litigation Module with 1 Year of Taxation Updates!" Celebrate Diwali with a special deal 🌟Link🔗 - https://maps.apple.com/place?auid=16659743993759418147 ✨ What You Get: 1. Easy Lett... more

The gross GST revenue collected in the month of October 2023 is ₹ 1,72,003 crore, out of which ₹ 30,062 crore is CGST, ₹ 38,171 crore is SGST, ₹ 91,315 crore (including ₹ 42,127 crores collected on import of goods) is IGST and ₹ 12,456 crore (incl... more

What circumstances would the Commissioner be able to block an electronic credit ledger? 1. Statutory Provision: Rule 86A 2. Disallow Debits: The ... more

Dusshera 10% discount sale

Top Chartered Accountant in Delhi |Best CA Firm in Delhi, India | Big Four Accounting Firm | Big 4 ca firm | Ca firm in laxmi nagar | Beri R & Asso... more

Step1:- Payment ka ok hote hi token kra dena phir aap mujhe appointment, resignation and share transfer ke documents bhejoge Wo main aapko sign pro... more

🚨 Exciting news! The Madras High Court has finally released a previously blocked bank account, as Section 83 stipulates a maximum block period of just one year. This decision exemplifies how justice strikes a harmonious balance between business a... more

The Delhi High Court set aside the cancellation order since both the SCN and the order didn’t mention any reason for the cancellation of GST registration. Rahul Kumar Jain vs Union of India [W.P. (C) No. 11963 of 2023; dated 12-Sep-2023] Defectiv... more

𝐆𝐒𝐓𝐑-𝟑𝐁

GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities.

🚨 🚨 𝐋𝐞𝐠𝐚𝐥 𝐔𝐩𝐝𝐚𝐭𝐞! 𝐇𝐢𝐧𝐝𝐮𝐬𝐭𝐚𝐧 𝐔𝐧𝐢𝐥𝐞𝐯𝐞𝐫 𝐋𝐭𝐝 🏭 𝐭𝐚𝐤𝐞𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐨𝐧 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚 🇮🇳 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐚𝐣𝐚𝐬𝐭𝐡𝐚𝐧 𝐇𝐢𝐠𝐡 𝐂𝐨𝐮𝐫𝐭 🏛 𝐨𝐯𝐞𝐫 𝐭𝐚𝐱 𝐥𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐜𝐫𝐞𝐝𝐢𝐭 𝐦𝐚𝐭... more

INCOME TAX UPDATE Forms 10B & 10BB due date of filing has been extended to 31st October 2023.

Also, ITR-7 due date has been extended to 30th November 2023

INCOME TAX UPDATE Forms 10B & 10BB due date of filing has been extended to 31st October 2023. Also, ITR-7 due date has been extended to 30th Nove... more

𝐆𝐒𝐓 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐢𝐞𝐬 𝐭𝐨 𝐏𝐮𝐫𝐬𝐮𝐞 𝐅𝐚𝐤𝐞 𝐈𝐓𝐂 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐠𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐧 𝟏.𝟐𝟓 𝐋𝐚𝐤𝐡 𝐄𝐧𝐭𝐢𝐭𝐢𝐞𝐬 𝐔𝐧𝐭𝐢𝐥 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 The Goods and Services Tax (GST) authorities have announced their intention to underta... more

If they are of the opinion that the appeal in manner known to law is time barred, then the merits need not be dealt, if the appeal is not time barred, the appeal would then be required to be effectively adjudicated on merits, with elaborate Facts ... more

𝗧𝗼𝗽 𝗙𝗶𝘃𝗲 𝗕𝗶𝗴𝗴𝗲𝘀𝘁 𝗺𝘆𝘁𝗵𝘀 𝗮𝗻𝗱 𝗺𝗶𝘀𝗰𝗼𝗻𝗰𝗲𝗽𝘁𝗶𝗼𝗻𝘀 𝗮𝗯𝗼𝘂𝘁 𝗜𝗻𝗱𝗶𝗮𝗻 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗡𝗼𝘁𝗶𝗰𝗲 Receiving an income tax notice from the Indian Income Tax Department can be unsettling for many individuals, lea... more

𝐈𝐂𝐀𝐈 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐍𝐨𝐭𝐞𝐬 𝟐𝟎𝟐𝟑 𝐰𝐚𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞𝐝 𝐰𝐢𝐭𝐡 𝐔𝐩𝐝𝐚𝐭𝐞𝐝 𝐓𝐚𝐱 𝐀𝐮𝐝𝐢𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐀𝐘 𝟐𝟎𝟐𝟑-𝟐𝟒 In order to help members discharging their obligation in context of audit matters, ICAI time to... more

𝐈𝐧𝐜𝐨𝐦𝐞 𝐭𝐚𝐱 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐛𝐲 𝐇𝐢𝐠𝐡 𝐂𝐨𝐮𝐫𝐭 𝐨𝐟 𝐁𝐨𝐦𝐛𝐚𝐲 𝐂𝐡𝐞𝐪𝐮𝐞 𝐃𝐢𝐬𝐡𝐨𝐧𝐨𝐮𝐫 𝐂𝐚𝐬𝐞: 𝐋𝐞𝐠𝐚𝐥 𝐏𝐫𝐞𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐔𝐩𝐡𝐞𝐥𝐝 𝐃𝐞𝐬𝐩𝐢𝐭𝐞 𝐌𝐢𝐬𝐬𝐢𝐧𝐠 𝐈𝐓𝐑 𝐚𝐧𝐝 𝐑𝐞𝐜𝐨𝐫𝐝𝐬 𝐏𝐫𝐚𝐤𝐚𝐬𝐡 𝐌... more

𝑨𝑫𝑽𝑰𝑺𝑶𝑹𝒀 : 𝑴𝑬𝑹𝑨 𝑩𝑰𝑳𝑳 𝑴𝑬𝑹𝑨 𝑨𝑫𝑯𝑰𝑲𝑨𝑨𝑹 𝑺𝑪𝑯𝑬𝑴𝑬 – 𝑮𝑺𝑻 𝑳𝑶𝑻𝑻𝑬𝑹𝒀 𝑹𝑬𝑾𝑨𝑹𝑫𝑺 08/09/2023 Dear consumer/users, 1. As per the direction from government, the GSTN has developed and launched a mobile application... more

🙏 𝐆𝐑𝐄𝐄𝐓𝐈𝐍𝐆 𝐅𝐎𝐑 𝐇𝐀𝐏𝐏𝐘 𝐉𝐀𝐍𝐌𝐀𝐒𝐇𝐓𝐀𝐌𝐈 🙏 Dated :- 7th September, 2023 𝐔𝐏𝐃𝐀𝐓𝐄𝐒 𝐅𝐎𝐑 𝐓𝐇𝐄 𝐃𝐀𝐘!!!! 👉 𝐂𝐁𝐈𝐂 𝐧𝐨𝐭𝐢𝐟𝐢𝐞𝐬 𝐯𝐚𝐥𝐮𝐞 𝐨𝐟 𝐬𝐮𝐩𝐩𝐥𝐲 𝐢𝐧 𝐜𝐚𝐬𝐞 𝐨𝐟 𝐨𝐧𝐥𝐢𝐧𝐞 𝐠𝐚𝐦𝐢𝐧𝐠 𝐢𝐧𝐜?... more

A cost of Rs. 5,000 was levied by the Hounorable Patna High Court on the Officer who recovered the entire amount (as per the Assessment Order) very next day of rejection of Appeal. 14-Dec-2022: Assessment Order was passed with liability of Rs. 73... more

𝐆𝐒𝐓 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐛𝐲 𝐇𝐢𝐠𝐡 𝐂𝐨𝐮𝐫𝐭 𝐨𝐟 𝐌𝐚𝐝𝐫𝐚𝐬 𝐂𝐨𝐮𝐫𝐭 𝐔𝐩𝐡𝐨𝐥𝐝𝐬 𝐈𝐧𝐩𝐮𝐭 𝐓𝐚𝐱 𝐂𝐫𝐞𝐝𝐢𝐭 𝐁𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐃𝐮𝐞 𝐭𝐨 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬 𝐰𝐢𝐭𝐡 𝐍𝐨𝐧-𝐄𝐱𝐢𝐬𝐭𝐞𝐧𝐭 𝐏𝐚𝐫𝐭𝐲 Facts: - The petitioner... more

Title: 𝐒𝐚𝐧𝐭𝐨𝐬𝐡 𝐓𝐫𝐚𝐝𝐞𝐫𝐬 𝐭𝐡𝐫𝐮 𝐏𝐫𝐨𝐩𝐫𝐢𝐞𝐭𝐨𝐫 𝐒𝐚𝐧𝐭𝐨𝐬𝐡 𝐊𝐮𝐦𝐚𝐫 𝐆𝐨𝐧𝐝𝐚 𝐯𝐬 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐔𝐭𝐭𝐚𝐫 𝐏𝐫𝐚𝐝𝐞𝐬𝐡 Court: Allahabad High Court Citation: Writ Tax No. 74 of 2023 Dated: 28-Aug-2023 The Allahabad... more

The Goods and Service Tax Network (GSTN) has notified the 𝐚𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐟𝐨𝐫 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐧𝐭𝐬 𝐰𝐡𝐞𝐫𝐞 𝐚 𝐆𝐒𝐓 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐦𝐚𝐫𝐤𝐞𝐝 𝐟𝐨𝐫 𝐁𝐢𝐨𝐦𝐞𝐭𝐫𝐢𝐜-𝐛𝐚𝐬𝐞𝐝 𝐀𝐚𝐝𝐡𝐚𝐚𝐫 𝐀𝐮?... more

𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐨𝐟 𝐈𝐓𝐂 𝐑𝐞𝐯𝐞𝐫𝐬𝐚𝐥 𝐨𝐟 𝐎𝐩𝐞𝐧𝐢𝐧𝐠 𝐁𝐚𝐥𝐚𝐧𝐜𝐞 1. Taxpayers are permitted to use this facility to report their ITC reversal balance that has not been re-claimed. 2. The taxpayers is advise... more

Sometimes you are subjected to Notice U/s 125 (General Penalty of Rs. 50,000/-) for non-filing of your GST Return on time. What could be the solution, or your defense? 𝗙𝗶𝗿𝘀𝘁, you must have filed your Return before receipt of Notice for filin... more

Mera Bill Mera Adhikaar is a scheme launched by the Government of India to encourage consumers to upload genuine business-to-consumer (B2C) invoices for purchases of goods or services attracting Goods and Services Tax (GST). The scheme will be lau... more

🚫 Buyers lose out on GST credit if suppliers don't pay taxes! Patna High Court ruled against M/s. Aastha Enterprises in game-changing case [CWJ 10395/2023, Aug 18]. 💔 Don't get stuck with the bill, ensure that your Supplier/Vendor makes paymen... more

𝐂𝐇𝐀𝐍𝐃𝐑𝐀𝐘𝐀𝐀𝐍 𝟑

Taking us to newer heights!

Congratulation to ISRO & every indian on the successful landing of CHANDRAYAAN 3

Brief Requirements of Tax Procedures for 𝐅𝐫𝐞𝐞𝐥𝐚𝐧𝐜𝐞𝐫𝐬 𝐏𝐫𝐨𝐯𝐢𝐝𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐎𝐮𝐭𝐬𝐢𝐝𝐞 𝐈𝐧𝐝𝐢𝐚: ✅ GST registration is not mandatory for freelancers providing services to foreign clients, unless their annual turnover... more

The Patna High Court has ruled that input tax credit (ITC) is not available to a taxpayer if the tax has not actually been paid to the government. M/s Aastha Enterprises vs The State of Bihar [Civil Writ Jurisdiction Case No. 10395 of 2023 dated ... more

𝐆𝐒𝐓 𝐢𝐬 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐛𝐥𝐞 𝐨𝐧 𝐗 (𝐟𝐨𝐫𝐦𝐞𝐫𝐥𝐲 𝐓𝐰𝐢𝐭𝐭𝐞𝐫) 𝐀𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐒𝐡𝐚𝐫𝐢𝐧𝐠 𝐁𝐞𝐲𝐨𝐧𝐝 𝐑𝐬 𝟐𝟎 𝐋𝐚𝐤𝐡 𝐀𝐧𝐧𝐮𝐚𝐥 𝐓𝐡𝐫𝐞𝐬𝐡𝐨𝐥𝐝 The tax will be levied at 18% on the amount above Rs 20 lakh. The thres... more

The buyer is required to establish his own credentials and not those of the Seller: A welcome judgement by Andhra Pradesh High Court in Arhaan Ferrous and Non-Ferrous Solution Pvt Ltd vs Deputy Assistant Commissioner Writ Petition Nos. 15481, 1548... more

𝑫𝒐𝒄𝒖𝒎𝒆𝒏𝒕𝒔 𝑹𝒆𝒒𝒖𝒊𝒓𝒆𝒅 𝒇𝒐𝒓 𝑰𝑻𝑹 𝑭𝑰𝑳𝑰𝑵𝑮 We request you to kindly submit your following details for filing Income Tax return. 1. In case of salary, Form 16 (Part A & Part B) 2. Capital gain statement in excel format (if any)... more

🙏CA Professional Information 🙏 GST UPDATES FOR THE DAY!!!! Shailesh Vittalbhai Patel V. Chief Commissioner of Income-tax-1 R/Special Civil Application No. 281 of 2022, 26-July-2022 “𝑾𝒉𝒆𝒓𝒆 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒂𝒏𝒕 𝒐𝒇 𝒂𝒔𝒔𝒆𝒔𝒔𝒆 𝒘𝒉𝒐 𝒘... more

REQUEST FOR REISSUE OF INCOME TAX REFUND In certain cases, where taxpayers wrongly disclosed bank account or in cases where bank account is not linked to pan no., then in such cases taxpayers need to file “refund reissue request”. Steps for fillin... more

🙏CA Professional Information 🙏 Dated :- 22th July 2023 GST UPDATES FOR THE DAY!!!! 👉100% penalty of value of detained goods can’t be levied if both consignor & consignee accepted ownership: HC 👉HC quashed SCN issued again for same issue & p... more

GST Decision by HIGH COURT OF CALCUTTA Detention of Vehicle and Smuggled Poppy Seeds: Court Orders Release of Unrelated Tea Consignment Bajaj Parivahan (P.) Ltd v. Senior Joint Commissioner 15-06-2023 WPA No. 729 OF 2023 Facts:- The petitioner sou... more

⚠️SALARIED TAXPAYERS BEWARE Dear salaried taxpayers, please submit your income tax return with due care. I urge you not to fall prey to consultants who comes with offers like 100% refund guarantee. The refund party with fake deductions is over as... more

🙏CA Professional Information 🙏 Dated :- 19th July 2023 GST UPDATES FOR THE DAY!!!! 👉Advance ruling can’t be given if validity of agreement under which services are supplied is in doubt: AAR https://www.taxmann.com/research/gst-new/top-story/1... more

🙏CA Professional Information 🙏 👉ICAI council has decided that revocation of UDINs would now be possible within 48 hours from the time of its generation. This means that now onwards, the members will be able to revoke the UDINs, if they so desi... more

𝓘𝓷𝓬𝓸𝓶𝓮 𝓽𝓪𝔁 𝓼𝓵𝓪𝓫𝓼 𝓱𝓪𝓼 𝓫𝓮𝓮𝓷 𝓾𝓹𝓭𝓪𝓽𝓮𝓭 𝓲𝓷 𝓽𝓱𝓮 𝓻𝓮𝓬𝓮𝓷𝓽 𝓫𝓾𝓭𝓰𝓮𝓽 2023 𝓯𝓸𝓻 𝓽𝓱𝓮 𝓐𝓼𝓼𝓮𝓼𝓼𝓶𝓮𝓷𝓽 𝓨𝓮𝓪?... more