16 May 24
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GST Official Falls Victim to Fake Stock Trading App Scam, Loses Lakhs
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Allahabad HC: No Penalty for Mistakenly Forgetting GST E-Way Bill Part-B, If Proof Provided
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DGGI Initiates Investigations into Pharma Companies for Fake GST ITC and Non-payment Under RCM
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Allahabad HC: As Per IT Section 144B(6), An Individual Hearing is Required to be Held if the Assessee Requests It
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15 May 24
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Madras HC Orders 10% Pre-accrued for Reconsideration of ITC Availed Due to GSTR 3B and 2A Discrepancies
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SC Accepts Petition Against GST on Property Rights Transfers B/W Developers & Landowners
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Madras HC Permits Transition of Unutilized Tax Paid Under VAT to Tamil Nadu GST Act.
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14 May 24
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Section 43B: Deductible Expenses Beyond MSME Payments
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CBDT releases new functionality in AIS to increase transparency
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Five States Ready for Aadhaar-based GST Registration Authentication
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Gujarat GST AAR: ITC on Employer-Provided Canteen Services (Excluding Employee Contribution)
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CBDT Releases Excel Utility & JSON Schema for ITR-3 Filing
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13 May 24
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ITR-3 Excel, Offline & Online Utility for AY 2024-25 Now Accessible for Filing
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RBI appoints Shri R. Lakshmi Kanth Rao as new Executive Director
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MCA Seeks Feedback On Review of Rules specified under the Chartered Accountants Act, 1949
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12 May 24
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Supreme Court: GST Officers Require Verifiable Material, Not Mere Suspicion Before Arrest
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Section 43B: Deductible Expenses Beyond MSME Payments
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Telangana HC: GST Authorities Can’t Block Credit Exceeding Negative Balance in ECRL
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11 May 24
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All GSTAT Benches May Operate for GST-Related Disputes from Jan 2025
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Ahmedabad ITAT Disallows Tax Deductions U/S 37(1) for Expenditures on Freebies to Doctors
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Central Govt. to Prohibit Threat and Coercion in GST Search and Seizures, SC
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10 May 24
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Over 800,000 Income Tax Returns Filed for AY 2024-25
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Ahmedabad ITAT Allows Tax Deduction U/S 80IC on Scrap and Miscellaneous Income
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Madras HC Directs Reconsideration of Assessment Order Due to Unintentional Error in 3B Filing
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Online Sellers Facing Scrutiny and Disproportionate Requests During GST Registration
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09 May 24
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Telangana AAR: Selection of Lower Tax Rate Doesn’t Permit Availing ITC Under GST
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Income Tax Department Enhances User Experience with New E-Proceedings Tab
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MCA Extends LLP Filing Deadline and Relaxes Additional Fees for Form No. LLP BEN-2 and LLP Form No. 4D
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Over 800,000 Income Tax Returns Filed for AY 2024-25
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FM: GST Lowers Tax Rates on Daily Need Items Like Hair Oil, Soaps and Appliances
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08 May 24
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GST Boosted State Revenue by 24% Compared to Old Tax Regime: FM Sitharaman
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SC Denies to Hear Plea Against 45-Day Payment Rule U/S 43B(h)
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Justice (Retd) Sanjay Kumar Mishra Takes Charge as a 1st GSTAT President
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PB & HR HC Grants Relief to Holding Companies for Facing GST Notice of Corporate Guarantees
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Revenue Secretary Calls Meeting to Crack Down on Fake GSTIN and Wrong ITC Claims
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07 May 24
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Supreme Court Refuses Plea by Micro and Small Enterprises Regarding 45-Day Payment Rule
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CBDT Releases Guidelines for Compulsory Scrutiny of Income Tax Returns in FY 2024-25
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ITAT: Non-payment of Income Tax Before 1st Appeal Not Fatal If Assessee Completes Responsibilities Later
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ITAT Mumbai: Income Tax Assessments Based Solely on Unverified 3rd-Party Statements Unlawful
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06 May 24
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FM Sitharaman Refutes Post-Election Income Tax Speculations
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ICAI releases Exposure Draft of Guidance Note on Reports on Audit u/s 12A/10(23C)
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Delhi HC Slams GST Authorities for Neglecting Natural Justice Principle, Orders Re-adjudication
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05 May 24
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CCS Police Arrest Deputy Commissioner and 4 GST Officials for Using Forged Documents in Refund Claims
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WB AAR: Applicant is Eligible to Claim GST ITC on Demo Cars
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Vishakhapatnam ITAT: Assessee Can Claim ITC for TCS Paid Even When No TDS Shortfall Exists U/S 194Q
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04 May 24
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Mumbai CESTAT: CENVAT Credit Allowed for Input Services Used in Electricity Production for Sister Unit
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Gujarat High Court Declines to Intervene in a Section 153C Tax Notice
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ITAT Delhi: No Tax Deduction Permits U/S 54 Without Basic Facilities
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03 May 24
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MCA Establishes Appellate Authority for Chartered Accountants, Company Secretaries and Cost Accountants
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UP Surpasses TN in GST Collections By Reporting a 19% Growth
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Companies Seek More Clarification from Telangana State GST Dept.
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