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....
Tax Compliance Tag
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]...
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...
29 Mar CBIC Declares March 29-31, 2024 as Working Days for All Customs Field Formations
The Central Board of Indirect Taxes and Customs (CBIC) has announced that March 29th, 30th, and 31st, 2024 will be considered as working days for all Customs field formations....
28 Mar CBDT notifies changes in ITR Form V and Acknowledgement for AY 2024-25
The CBDT, through Notification No. 37/2024 dated March 27, 2024...
28 Mar Delhi High Court Alters Retrospective Revocation of GST Registration
In the legal case of Supreme Enterprises versus Principal Commissioner of Goods and Service Tax, North Delhi, the Delhi High Court recently deliberated on the matter of retroactively canceling GST registration....
28 Mar Income Tax Dept. issued Updated TDS Rate Chart for FY 24-25/Ay 25-26
The Income Tax Department has published a revised TDS Rate Chart for the Financial Year 2024-25 (Assessment Year 2025-26). ...
27 Mar Delhi High Court Facilitates Refund Requests for Overpaid Taxes, Streamlining Procedural Deadlines for Taxpayers!
If the Tax Department has demanded payment for taxes from you because your supplier failed to remit them, and later it is discovered that your supplier did, indeed, pay the taxes, you should apply for a refund....