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...
Regulatory Compliance Tag
04 Apr Audit wing of SGST Authority shall keep all proceedings in abeyance if the subject matter is pending before the CGST Authority
The Audit division of the State Goods and Services Tax (SGST) Authority is mandated to suspend all actions if a matter is pending before the Central Goods and Services Tax (CGST) Authority...
04 Apr Mandatory E-Invoicing for Businesses with Turnover above INR 5 Crores
The GSTN, in its recent Advisory No. 628 dated April 3, 2024, has made e-Invoicing mandatory for businesses with a turnover exceeding INR 5 crores starting from April 1, 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)....
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...
30 Mar Madras High Court Strikes Down Excessive GST Demand on Trade Payables
The Madras High Court invalidated the order demanding payment concerning all trade payables, asserting that it exceeded the boundaries outlined in the original show cause notice....
26 Mar Implications of Non-Compliance with GST Return Filing under Section 62 of CGST Act
The Goods and Services Tax (GST) regime, implemented in India in 2017, mandates registered taxpayers to regularly file returns to declare their taxable supplies and corresponding tax liabilities. ...
26 Mar Discretion of Appellate Authority in Admitting Appeals Beyond Limitation Period
In the case of Arvind Gupta v. Assistant Commissioner of Revenue State Taxes [Writ Petition Application No. 2904 of 2023 dated January 04, 2024]...
23 Mar ITC Transition not to be denied in case of Input Service Distributor (ISD)
In the case of Siemens India Ltd. v. Union of India [Writ Petition No. 986 of 2019 dated February 09, 2024], the Hon’ble Bombay High Court, drawing upon sub-section (7) of Section 140 of the Central Goods and Services Tax Act, 2017 (“the CGST Act”),...