CBDT mandates electronic submission of forms under Rule 131 of the Income Tax Rules, 1962. Forms 3CN, 3CS, 3CEC, 3CEFB, 59, and 59A must be submitted electronically from June 27, 2024. Learn more here....
Explore how the Madras High Court's decision affects GST appeal deadlines and procedural fairness. ...
In Greenstar Fertilizers Ltd. v. The Joint Commissioner (Appeals), the Madras High Court clarifies that penalty under Section 74 of the CGST Act cannot be imposed on unutilized Input Tax Credit (ITC) that was wrongly availed and subsequently reversed, emphasizing lack of fraudulent intent. ...
Learn about India's plan to extend the export credit support scheme, benefiting MSMEs and exporters amid global economic challenges. Get details on the proposal and its potential impact. ...
Discover how the recent GST rule revision, introducing a uniform 5% tax on aircraft parts imports, is set to enhance India's aircraft maintenance, repair, and overhaul (MRO) industry. Learn how this change aims to eliminate customs uncertainties, reduce costs, and attract international investments...
Learn why the GST Council recommended biometric-based Aadhaar authentication for GST registrations. This measure aims to reduce fraudulent ITC claims, based on successful pilot projects in Gujarat, Puducherry, and Andhra Pradesh. Discover how it enhances the GST system's integrity....
Good news for taxpayers! The GST Network (GSTN) has increased the document size limit for various uploads during GST registration to ensure clearer attachments. Check out the complete list of documents and their maximum file sizes....
Discover the legal consequences of address errors in tax notices and their impact on administrative decisions. ...
Read about the significant relief for the general insurance sector as GST Council waives over Rs 18,000 crore in tax demands on insurers. Learn about the impacts on co-insurance, reinsurance commissions, and more....
Understand GST implications for spectrum allocation under deferred payment options. CBIC Circular clarifies time of supply rules for telecom operators. Read more here! ...
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