Madras HC sets aside dismissal of GST appeal for delay, remands case to the appellate authority for fresh consideration despite the time-barred filing.
Karnataka HC ruled that under Section 75(4) of CGST Act, a hearing opportunity must be granted before passing an adverse order. Bangalore Golf Club case highlights this.
Delhi HC grants interim protection to a petitioner alleging misuse of GST credentials for ITC claims, pending further investigation and hearing.
Understand the legal framework and tax implications of political donations in India, including key sections like 80GGB, 80GGC, and the risks of bogus donations.
Understand GST provisions for invoices and credit notes in the sale of under-construction flats/shops, including time limits, e-invoice applicability, and refunds.
Learn the criteria for DPIIT startup recognition, including company age, turnover limits, and eligibility differences from MSMEs.
Partner’s Remuneration 194T Payment TDS Calculator for the FY 2024-25 AY 2025-26 in Excel Format Section 40(b) – From AY 2025-26, partnership firms see an increase in the limit for allowability of working partners’ remuneration. Now, on the first Rs 6 lakh of book profits, or in case of loss, a remuneration of Rs. 3 […]
In the recent times, GST Department by exercising the powers bestowed on them by way of Section 65 of the CGST Act 2017, has been raising the audit observations stating that GST shall be paid on the inter-company loans given amongst the related person under the GST.
On August 16, 2024, President Droupadi Murmu officially granted her assent to the Finance (No 2) Bill, 2024. With this move, the bill has now become law ie. Finance (No. 2) Act, 2024.
Government seeks suggestions on mandatory qualifiers in import/export declarations for synthetic diamonds to improve identification and assessment efficiency.
