ITAT Delhi rules that filing Form 67 is not mandatory for Foreign Tax Credit (FTC) claims, and procedural violations shouldn’t deny the right to FTC.
ITAT Chandigarh rules that the assessee cannot be denied Foreign Tax Credit (FTC) due to delay in filing Form No. 67.
IMS is a facility which shall be provided on GST portal w.e.f. 14 October 2024 (i.e. for September 2024 return onwards). In this facility, the recipient shall be provided with an option to review the input tax credit invoices to either accept, reject or keep it pending for later acceptance or rejection and claim the input tax credit accordingly in the Form GSTR 3B.
Learn how to access, enable e-Invoicing, and resolve common issues with the GST e-Invoice portal. Find out eligibility for exemption declaration and troubleshooting tips.
GST update: Last chance to correct ITC reversal opening balance for FY 2023-24. Report adjustments by October 31, 2024. Learn about the deadline and process.
Learn about GST adjudication, including SCN principles, officer responsibilities, timelines, and key attributes of a well-drafted legal order in tax matters.
Assessees face 78% tax and 6% penalty for unexplained investments or expenditures under Sections 69 to 69C of Income Tax Act if details are not satisfactorily explained.
Follow this step-by-step guide to register for professional tax in West Bengal, including exemptions, documentation, and online application process.
Learn common legal and financial risks in share transfer and transmission, including documentation, AoA compliance, and tax implications. Stay compliant to avoid penalties.
This article discusses how the current regulatory framework in India creates an unfair playing field for non-resident investors in LLPs when exercising pre-emptive rights. It recommends changes to ensure a more equitable environment for foreign investment in LLPs.
