India’s net direct tax collection has increased by 15.41% this financial year, reaching more than Rs. 12.1 lakh crore as of November 2024. This growth reflects the strength of the…
Top Stories Notice Sent to Non-Existent Entity Post-Merger Deemed Invalid: Karnataka HC quashes Income Tax Notice [Read Order] Considering the notice issued to a non-existent entity after the merger, the…
Top Stories GSTN issues Advisory regarding GST IMS during Initial Phase of Implementation IMS, being a new functionality introduced on the portal, there may be cases where in the initial…
Top Stories Availment of Both GST ITC and Depreciation on Capital Goods: Here’s How to Draft Reply to GST Notice [Find Format Here] Specific provisions within the Central Goods and…
The Income Tax Appellate Tribunal ( ITAT ), Hyderabad recently quashed an Order issued by the Commissioner of Income Taxes (Appeals) – National Faceless Assessment Centre ( CIT (A) ),…
The High Court of Jammu and Kashmir (J&K ) and Ladakh has granted the government two weeks more time to file the latest report with regard to the constitution of…
Top Stories [BREAKING] No Proposal of Implementation of Direct Tax Code, 2025: Sources Addressing the confusion stirred by some recent statements following the Finance Minister’s budget announcement, Chitale confirmed that…
Top Stories Hand Sanitisers are not Disinfectants: Bombay HC quashes 2020 GST Press Release by Centre [Read Order] The Ministry cited the Atmanirbhar Bharat policy, claiming that reducing GST on…
In a recent ruling, the Kerala Authority for Advance Rulings (AAR) held that GST is applicable on the leasing and concession fees in the concession agreement between Airports Authority of…
Top Stories GST Demand not yet Settled after Payment? Learn how to use New DRC03A Form Available on GST Portal The form is useful for individuals who have made partial…