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Archive: 29 April 2023

Posts in 29 April 2023

Course on Mastering GST Sections Effortlessly with Memory Techniques!

November 28, 2024 6126 Views 0 comment Print

Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Register now for practical GST mastery!

GST 9 late fees reduced under GST Amnesty Scheme

April 29, 2023 39093 Views 4 comments Print

Explore the details of GSTR-9, the annual return under GST, and understand the implications of late fees. Learn about the GST Amnesty Scheme, providing relief to businesses for filing overdue returns, with a waiver of penalties and late fees. Ensure compliance and avoid financial difficulties.

CBIC amends 17 Custom notifications to align HS Codes w.e.f. 01.05.2023

April 29, 2023 2847 Views 0 comment Print

CBIC amend 17 Customs Tariff notifications in order to align the HS Codes of the said notifications with the Finance Act, 2023, w.e.f. 01.05.2023 vide Notification No. 36/2023-Customs Dated: 29th April, 2023 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 36/2023-Customs | Dated: 29th April, 2023 G.S.R. 333(E).—In exercise of the powers conferred […]

CBIC amends notification No. 50/2017-Customs to align HS Codes w.e.f. 01.05.2023

April 29, 2023 21096 Views 0 comment Print

Seeks to amend notification No. 50/2017-Customs in order to align the HS Codes of the said notifications with the Finance Act, 2023, w.e.f. 01.05.2023 vide Notification No. 35/2023-Customs, Dated: 29.04.2023 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 35/2023-Customs | Dated: 29th April, 2023 G.S.R. 332(E).—In exercise of the powers conferred by sub-section […]

CBIC amends 3 Custom notifications to align HS Codes w.e.f. 01.05.2023

April 29, 2023 1638 Views 0 comment Print

CBIC amends 3 electronics related notifications in order to align the HS Codes of the said notifications with the Finance Act, 2023, w.e.f. 01.05.2023 vide Notification No. 34/2023-Customs Dated: 29th April, 2023. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 34/2023-Customs | Dated: 29th April, 2023 G.S.R. 331(E).—In exercise of the powers conferred […]

Deduction towards education Secondary & Secondary Higher Education Cess is not allowable

April 29, 2023 960 Views 0 comment Print

ITAT Kolkata held that education cess and Secondary and higher Secondary Education cess being part of the tax is not allowable as deduction.

Amendment to section 40(a)(ia) vide Finance Act 2020 is retrospective in nature

April 29, 2023 7197 Views 1 comment Print

ITAT Cochin held that amendment to section 40(a)(ia) of the Income Tax Act made by the Finance Act 2020 is retrospective in nature. Accordingly, TDS deposited on or before the due date of filing return u/s 139(1) is allowable.

Non-deduction of TDS/ reversal of TDS on interest payment based on Form 15G/15H justified

April 29, 2023 7380 Views 0 comment Print

ITAT Chennai held that non-deduction of TDS and reversal of TDS deduction on interest payment on the basis of declaration in Form No. 15G/ 15H is justifiable.

Alternative Remedy not an absolute Bar to Entertain Writ Petition

April 29, 2023 2478 Views 0 comment Print

HC held that alternative remedy will not operate as an absolute bar for entertaining the writ petition as jurisdictional issue goes to the root of the matter. Therefore, we are of the view that appellant has made out a case for entertaining this appeal and had also stayed the further re­assessment proceedings. Accordingly, this writ petition is admitted for final hearing.

ITAT dismisses Appeal as tax effect was Below Rs. 50 Lakhs

April 29, 2023 2883 Views 0 comment Print

Ld. Sr. DR had raised an objection stating that issues relating to the ground of appeal taken in the present case falls under the exception clause contained in the said CBDT circular and, therefore, has to be heard on merit. To this effect, a report was called from the Ld. AO to make a submission as to how the present appeal is covered under the exception clause contained in the CBDT circular.

Pros & Cons of Employee Moonlighting: A Comprehensive Guide for Employers

April 29, 2023 8745 Views 0 comment Print

Explore the pros and cons of employee moonlighting with our comprehensive guide for employers. Learn about managing risks, fostering a positive work culture, and leveraging the benefits for a motivated and skilled workforce.

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