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Self-assessment under the Goods and Services Tax (GST) regime is a key feature that empowers taxpayers to assess their tax liabilities and file returns independently. It is a shift from the pre-GST era where assessments were largely conducted by tax authorities.
Explore key FAQs about higher TDS rates under Sections 206AA and 206AB, including applicable rates, exemptions, and compliance checks.
Non-residents without TIN should use passport numbers, and directors of foreign companies should select “foreign company.” Reporting guidelines for property sales, foreign assets, and TDS credits included.
Allahabad HC rules that any strike by lawyers will be deemed contempt of court, mandating continuous court operation and reporting of absences.
Read about the Chartered Accountants Association’s follow-up on SGST officials’ unscrupulous practices to harass stakeholders in Gujarat, demanding accountability and action.
Starting September 1, 2024, EOUs must use the new automation for IGCRS Rules. Register IGCR Identification Number (IIN) via ICEGATE for customs clearances.
Calcutta HC sets aside rejection of delayed GST appeal due to age-related issues; directs Appellate Authority to reconsider with conditions.
Calcutta High Court quashes GST assessment order for Phuljhora Agro due to lack of opportunity for hearing. Case remanded for fresh proceedings under Section 73.
Calcutta HC grants stay on GST demand due to lack of Appellate Tribunal. Petitioner must deposit 10% of disputed tax for interim relief.
Calcutta High Court stays notice under Section 148 of IT Act issued by Jurisdictional AO for AY 2017-18, citing jurisdictional issues. Awaiting exchange of affidavits.