Get clarity on the applicability of the new tax regime versus the old tax regime. Understand the differences and choose the regime that suits you best for FY 2023-24.
Explore the effective use of Best Judgment Non-Filer Assessment Orders (UAO) under section 62 for return defaulters. Guidelines and a list of non-genuine taxpayers provided.
In the case of Rajkumar Singhal, Delhi HC ruled that show cause notices and REG 31 must be served as per GST Act provisions. Details here.
Delhi High Court ruled that refund of ITC reversal is permissible if supplier paid tax. Learn about the case of Pedersen Consultants India Pvt. Ltd. vs Union of India & Ors.
Learn how Madras High Court ruled against denial of GST Input Tax Credit due to a mismatch between GSTR-3B and GSTR-2A, citing a clerical error in GSTIN indication.
Madras High Court ruling states that once all pending GST returns are filed until the date of cancellation, the taxpayer’s GSTN can be restored.
Learn about CBDT’s circular allowing trusts/institutions to submit Form 10B/10BB audit reports by March 31, 2024, to avoid denial of exemption under specified conditions.
Stay ahead in FY 2024-25 with our essential guide on GST implications, from LUT filings for zero-rated supplies to QRMP scheme decisions and annual compliance tips for UK trading income.
Explore how Direct Tax collections achieved 80.23% of the FY 2023-24 revised estimates by February 10, 2024, with a significant year-on-year growth.
Auditors must have understanding of standards for reporting on ICAI’s revised summary financial statements. Get informed on new responsibilities and objectives of auditor under SA-810.
