In a new development, the Goods and Services Tax Network (GSTN) has introduced a validation process for taxpayers when adding or updating bank account details in the Goods and Services…
Top Stories Understanding Notice on Applicability of ITC in Export of Items Exempted from GST [Find Draft Format Here] This Article delves into the complexities of availment of Input Tax…
Top Stories GST 2024 Amnesty Scheme Announced: Section 128A for Interest and Penalty Waiver Effective from November 1, 2024 Cases involving erroneous refunds not covered under this amnesty and Appeals…
Top Stories GST Recovery and Hearing Notices ignored: Madras HC orders 25% Pre-Deposit from Cash Ledger for Fresh Consideration [Read Order] It was directed to treat the previous order as…
Top Stories GST ITC Rejected due to Claims filed beyond Period Specified u/s 16(4): Madras HC Directs to Re-do Assessment in Light of Finance Act, 2024 [Read Order] In its…
In a notable ruling, the Rajasthan Authority for Advance Rulings (AAR) has clarified that soft-serve ice cream mixes, commonly referred to as mixes “softy cones”, cannot be classified as dairy…
The Goods and Services Tax ( GST ) Rule 86B, introduced by the Central Board of Indirect Taxes and Customs ( CBIC ) through notification number 94/2020 on December 22,…
Top Stories [Breaking] Zero Rated Export Goods seized due to Missing GST E-invoice: Madras HC directs Provisional Release Subject to Proof in GSTR [Read Order] The court concluded that the…
With regards to an issue of availing Input Tax Credit ( ITC ) under Goods and Services Tax ( GST ) on leasing the building for the schools, the Madhya…
Top Stories Received Income Tax Notice for claiming Section 87A Rebate on STCG? Here’s what you need to know Many taxpayers who claimed rebates under Section 87A of the Income…