20 May 24
Supreme Court Upholds ICAI Rule Limiting CAs to 60 Tax Audits Per Year
New Feature Allows Users to Track Physical Verification Status of Registration Applications
SEBI Eases KYC Formalities for Mutual Funds: PAN-Aadhaar Link Rule Withdrawn
19 May 24
Income Tax Officer Loses Rs 48,902 in Online Reward Points Fraud
ICAI to Issue Global Networking Guidelines for Indian CA Firms
FISME & TN Chamber Identify GST Issues Faced by MSMEs & Traders in Tamil Nadu
18 May 24
Delhi HC Orders Re-adjudication of GST Order Cancelled Due to Insufficient Reasons for Rejection
GST Refund Not Processed Within Legal Timeframe: Delhi HC Orders Repayment Within 2 Weeks
Telangana GST AAR: IGST May Not Be Charged on Work for Foreign Customers Always
Assessee Receives GST Notice on Basis of Details from DGGI U/S 148: Bombay HC Quashes and Aside
17 May 24
FM Nirmala Sitharaman Stumped by Broker`s Tax Question at BSE Event
GSTN Expands Digital Payment Options to J&K, Now Covering 16 States/UTs
GSTN: Information from manufacturers of Pan Masal and Tobacco taxpayers
Madras HC Orders a 10% Pre-deposit for Reconsideration Due to Consultant’s Failure to Notify GST Return Discrepancies
Allahabad HC Quashes GST SCN as Well as Penalty Order Regarding Pre-Interception of E-Way Bills and Tax Evasion
16 May 24
GST Official Falls Victim to Fake Stock Trading App Scam, Loses Lakhs
Allahabad HC: No Penalty for Mistakenly Forgetting GST E-Way Bill Part-B, If Proof Provided
DGGI Initiates Investigations into Pharma Companies for Fake GST ITC and Non-payment Under RCM
Allahabad HC: As Per IT Section 144B(6), An Individual Hearing is Required to be Held if the Assessee Requests It
15 May 24
Madras HC Orders 10% Pre-accrued for Reconsideration of ITC Availed Due to GSTR 3B and 2A Discrepancies
SC Accepts Petition Against GST on Property Rights Transfers B/W Developers & Landowners
Madras HC Permits Transition of Unutilized Tax Paid Under VAT to Tamil Nadu GST Act.
14 May 24
Section 43B: Deductible Expenses Beyond MSME Payments
CBDT releases new functionality in AIS to increase transparency
Five States Ready for Aadhaar-based GST Registration Authentication
Gujarat GST AAR: ITC on Employer-Provided Canteen Services (Excluding Employee Contribution)
CBDT Releases Excel Utility & JSON Schema for ITR-3 Filing
13 May 24
ITR-3 Excel, Offline & Online Utility for AY 2024-25 Now Accessible for Filing
RBI appoints Shri R. Lakshmi Kanth Rao as new Executive Director
MCA Seeks Feedback On Review of Rules specified under the Chartered Accountants Act, 1949
12 May 24
Supreme Court: GST Officers Require Verifiable Material, Not Mere Suspicion Before Arrest
Section 43B: Deductible Expenses Beyond MSME Payments
Telangana HC: GST Authorities Can’t Block Credit Exceeding Negative Balance in ECRL
11 May 24
All GSTAT Benches May Operate for GST-Related Disputes from Jan 2025
Ahmedabad ITAT Disallows Tax Deductions U/S 37(1) for Expenditures on Freebies to Doctors
Central Govt. to Prohibit Threat and Coercion in GST Search and Seizures, SC
10 May 24
Over 800,000 Income Tax Returns Filed for AY 2024-25
Ahmedabad ITAT Allows Tax Deduction U/S 80IC on Scrap and Miscellaneous Income
Madras HC Directs Reconsideration of Assessment Order Due to Unintentional Error in 3B Filing
Online Sellers Facing Scrutiny and Disproportionate Requests During GST Registration
09 May 24
Telangana AAR: Selection of Lower Tax Rate Doesn’t Permit Availing ITC Under GST
Income Tax Department Enhances User Experience with New E-Proceedings Tab
MCA Extends LLP Filing Deadline and Relaxes Additional Fees for Form No. LLP BEN-2 and LLP Form No. 4D
Over 800,000 Income Tax Returns Filed for AY 2024-25
FM: GST Lowers Tax Rates on Daily Need Items Like Hair Oil, Soaps and Appliances
08 May 24
GST Boosted State Revenue by 24% Compared to Old Tax Regime: FM Sitharaman
SC Denies to Hear Plea Against 45-Day Payment Rule U/S 43B(h)
Justice (Retd) Sanjay Kumar Mishra Takes Charge as a 1st GSTAT President
PB & HR HC Grants Relief to Holding Companies for Facing GST Notice of Corporate Guarantees
Revenue Secretary Calls Meeting to Crack Down on Fake GSTIN and Wrong ITC Claims
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