10 Apr Approval of outstanding refunds must be completed by April 30, Income Tax Department.
The Income Tax Department has announced a positive development for individuals awaiting their income tax refunds....
April 2024
09 Apr Reinstatement of GST Numbers Contingent on Clearing Dues Highlights Tax Adherence and Procedural Flexibility
This case law concerns a judgment from the High Court of Jammu & Kashmir and Ladakh, which offers a lifeline for GST compliance by restoring GST registration upon the settlement of dues....
09 Apr GSTN Issues Important Advisory Regarding Reset and Re-filing of GSTR-3B for Certain Taxpayers
The GSTN has released an important advisory, numbered 629 and dated April 9, 2024, regarding the reset and re-filing of GSTR-3B for specific taxpayers....
09 Apr High Court of Madras sets aside GST penalty, emphasizes fair hearing and pre-assessment payments in tax disputes.
The High Court of Madras recently ruled on a case involving a works contractor for government departments, addressing penalties imposed under the Tamil Nadu Goods and Services Tax Act, 2017....
09 Apr Collaborative Audits by Central and State GST Authorities Targeting Businesses
Beginning this fiscal year, there will be a collaborative effort between Central and State Goods and Services Tax (GST) authorities to conduct audits within the indirect tax framework....
09 Apr Merely uploading SCN under the category “Additional Notices” instead of “Notices” on the GST portal does not constitute sufficient intimation to the taxpayer
The Hon'ble Delhi High Court, in the case of Anhad Impex v. Assistant Commissioner, addressed the issue of whether the misplacement of a Show Cause Notice (SCN)...
09 Apr New GSTR-1 Update: GSTN enables Auto HSN Summary Import from E-Invoices for Efficient Filing
In a recent update to the GSTR-1 filing system, a new functionality has been added to "Table 12 - HSN wise summary of outward supplies" specifically aimed at taxpayers who generate e-invoices....
09 Apr Recovery of Fraudulent GST Input Credit Surges to 12% in FY24
The recovery rate in Goods and Services Tax (GST) cases concerning input tax credit (ITC) fraud has significantly increased in FY24....
09 Apr CBDT Issues Interim Action Plan for F.Y. 2024-25: Emphasizes Adherence
The Central Board of Direct Taxes (CBDT) has released a Circular dated April 05, 2024, denoted as F.No. 380/01/2024...
06 Apr Income Tax Returns Now Invalid if Not Verified Within 30 Days or by Due Date, Whichever Is Later
The CBDT issued Corrigendum dated April 04, 2024 to Notification No. 02 of 2024 dated March 31, 2024 regarding the Time limit for verification of return of income after uploading....