03 Apr Income tax department cracks down on PAN fraud for false HRA claims
The income tax department has unearthed a scam involving the fraudulent use of permanent account numbers (PAN) to claim house rent allowance (HRA) without actual tenancy....
Author: editor
03 Apr Prohibition on Retrospective GST Registration Cancellation Without Justification
In a recent judgment, the Hon’ble Delhi High Court, in the case of Rane Brake Lining Ltd. v. Superintendent, Range-17, Central GST Division [Writ petition (Civil) NO. 2259 OF 2024 dated February 16, 2024]...
02 Apr Investigation of Large Corporations and Multinational Companies under GST Requires ‘Formal Authorization’
The Department of Revenue has issued directives to CGST officials regarding the initiation of investigations into cases involving prominent industrial entities and multinational corporations (MNCs)....
02 Apr Madras High Court Invalidates GST Assessment Over ITC Disparity
In a significant ruling, the Madras High Court addressed the validity of a GST assessment order in the case of Sri Lakshmi Silvers versus The State Tax Officer, Gugai Circle, Salem....
02 Apr Decision by High Court Allows Refund of Reversed ITC When Supplier Pays Tax
The Delhi High Court, in the matter of Pedersen Consultants India Pvt. Ltd. v. Union of India and Ors. [W.P. (C) 1039/2024 dated March 19, 2024]...
01 Apr The ReCap – March, 2024
Posted at 08:05h
in Corporate & Allied Laws, Direct Tax, Doing Business in India, GST, News, StartUp, Subsidy & Schemes, The ReCap - Monthly News Letter
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30 Mar Form 15CA & 15CB: Key Components and Requirements Explained
In today's globalized economy, where cross-border transactions are commonplace, compliance with tax regulations is critical for both governments and businesses....
30 Mar 7 Alternative Tax-Saving Avenues Besides Section 80C for FY 2023-24
Beyond Section 80C, there exist numerous avenues for tax savings. In FY 2023-24, explore various deductions such as NPS contributions, health insurance premiums, medical expenses, home loan interest, electric vehicle purchases, charitable donations, savings account interest, and tax rebates....
30 Mar Extension of FCRA Registration Certificate Validity by Government until June 30, 2024
The government, in the interest of the public, has opted to prolong the validity of FCRA registration certificates....
30 Mar Revenue Department is not empowered to seize Cash under GST
The Delhi High Court, in the matter of Jagdish Bansal v. Union of India [W.P. (C) No. 16677 of 2023 dated February 26, 2024], granted relief to the petitioner by allowing the writ petition...