The Goods and Services Tax (GST) was introduced on July 1, 2017. This new tax system strengthened the concept of a national market, but it also brought complexities and confusion to taxpayers. Many ...

When an unregistered individual sells a used car, the transaction is generally not subject to GST. This means that if a ...

The Institute of Chartered Accountants of India (ICAI) has established a Standard Operating Procedure (SOP) for police and law enforcement agencies when investigating Chartered Accountants. This SOP ...

CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried ...

In conformity with the Finance Minister’s budget announcement on simplification and rationalization of compounding procedure, CBDT has issued Revised Guidelines for Compounding of offences under the ...

Effective from November 1, 2024, Indian Railways will reduce the time limit for advance train reservations from 120 days to 60 days, excluding the day of the journey. This change will apply to most ...

IMS is launched from GSTR-2B return period of Oct’24. Hence, all the records eligible for GSTR2B of Oct’24 return period ...

Summary: The Finance Act (No. 2) of 2024 introduced Section 128A in the CGST Act, providing taxpayers with an opportunity to waive interest and penalties related to GST demands under Section 73 for ...

Budgetary Support Scheme is not hit by Doctrine of Promissory Estopple and Legitimate Expectations: Jammu & Kashmir High ...

ITAT Visakhapatnam held that dismissal of appeal and passing of ex-parte order by CIT (A) in absence of any response on behalf of the assessee untenable since CIT (A) failed to decide the case on ...

Kerala High Court directed to give one final opportunity to the petitioner to respond to show cause notice as show cause notice granted only three days time to respond.

i. Exporters can fill in the required information as per the Appendix 4H format through the DGFT website (https://dgft.gov.in ...