GSTN launches new IMS Feature in GST Portal enabling Easy Invoice Corrections and Accurate ITC claims w.e.f. October 1st 2024

The GSTN officially confirmed the launch of this feature through an advisory issued on September 3, 2024. The IMS will be available to taxpayers starting October 1, 2024 The Goods…

Continue ReadingGSTN launches new IMS Feature in GST Portal enabling Easy Invoice Corrections and Accurate ITC claims w.e.f. October 1st 2024

Torn Papers alone not Sufficient to Prove same Represents Unreported Sales: ITAT Orders Re-adjudication [Read Order]

The tribunal noted that there was no corroborative evidence to support the claim of unaccounted sales The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) stated that torn…

Continue ReadingTorn Papers alone not Sufficient to Prove same Represents Unreported Sales: ITAT Orders Re-adjudication [Read Order]

GST Officer coerces Directors to Deposit Rs.22L from Personal Account to Company’s Credit: Delhi HC directs to apply for Refund [Read Order]

GST Officer forced the Director of petitioner companies to withdraw the money from his personal bank account and deposit it for the company’s credit The Delhi High Court directed the…

Continue ReadingGST Officer coerces Directors to Deposit Rs.22L from Personal Account to Company’s Credit: Delhi HC directs to apply for Refund [Read Order]

Jurisdictional AO and Faceless AO cannot exercise Concurrent Jurisdiction to issue Notice u/s 148: Bombay HC underlines purpose of Faceless Mechanism [Read Order]

The High Court reiterated that the ‘Faceless Assessment Mechanism’ was implemented to boost productivity and efficiency while endorsing its predominance over a regular reassessment notice issued under Section 148 of…

Continue ReadingJurisdictional AO and Faceless AO cannot exercise Concurrent Jurisdiction to issue Notice u/s 148: Bombay HC underlines purpose of Faceless Mechanism [Read Order]

GST Return Filing September Changes: Table B2CL, Bank Account Mandate and More You Need to Know

Effective September 1, 2024, GSTR-1/IFF submissions will be restricted if bank account details are not provided and validated in your GST registration As the GST system keeps changing, there are…

Continue ReadingGST Return Filing September Changes: Table B2CL, Bank Account Mandate and More You Need to Know

GST Registration Cancelled due to Non Filing of Returns: Calcutta HC Directs to Restore Cancellation in Absence of Dubious Act [Read Order]

The court viewed that the respondents should take a pragmatic view in the matter and permit the petitioner to carry on his business. The Calcutta High Court directed the Goods…

Continue ReadingGST Registration Cancelled due to Non Filing of Returns: Calcutta HC Directs to Restore Cancellation in Absence of Dubious Act [Read Order]