Overview of GST Amnesty Scheme under Section 128A of the CGST Act 2017, including key provisions, eligibility, and procedural rules for closure of demands.
Madras HC quashes tax demand against Pavai Varam Trust, ruling that returns were filed within extended deadlines under COVID-19 relaxations.
Redundancy of Minimum Alternate Tax (MAT) in India’s evolving tax landscape, focusing on its history, challenges & potential simplification benefits.
Read the ITAT Mumbai’s order in DCIT vs. Infrasoft Technologies Ltd., where exemption under Section 10A of the Income Tax Act was allowed, citing judicial precedents and detailed assessment for AY 2006-07.
Telangana HC upholds cost of goods sold-based apportionment of common expenses over turnover for Prabhat Agri Biotech. Case emphasizes reasonable allocation methods.
The Institute of Cost Accountants of India releases an Exposure Draft on Cost Management in Healthcare Services. Public comments are invited until March 4, 2025.
SEBI seeks public comments on a standard No-Objection Certificate (NOC) format for charge holders in debt securities. Submit feedback by March 5, 2025.
Introduction Mismatches between invoices filed by suppliers and returns submitted by recipients are significant issue taxpayer’s face when claiming input tax credits. A new system has been introduced on the GST portal to help taxpayers easily correct or amend invoices with their suppliers. This will make it easier for them to match their records with the […]
Learn about different types of income tax notices, letters, and orders issued by the Income Tax Department to individual taxpayers, including response deadlines.
A detailed analysis of GST applicability on restaurant services and ready-to-eat food, highlighting key rulings, classifications, and compliance essentials.
