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NFRA: ICAI writes to Govt expressing Disappointment

The Institute of Chartered Accountants of India (ICAI), the apex Chartered Accountants body in India, has expressed displeasure with the government...

Govt clarifies Last date to avail Input Tax Credit in respect of invoices pertaining to period from...

Person arrested in Ghotkapor for cheating Clients not a Chartered Accountant: ICAI

GST: Complete Sealing of Premises is Illegal, says Delhi HC [Read Order]

Delhi HC allows Manual Filing of GSTR-3B [Read Order]

Reassessment u/s 147 void where No New Material came into Record: ITAT [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) in the case of ACIT v. M/s. Goldmohur Design and Apparel Park Ltd. held that where the assessee duly furnished relevant material and no new...

Petition seeks Interest for Delayed IGST Refunds: Gujarat HC issues notice to Centre and GSTN [Read Order]

The Gujarat High Court has issued the notice to Centre and GSTN on a petition challenging the provisions of Central Goods and Services Tax (CGST) Act, seeking interest for delayed IGST...

Govt Sends over 10,000 Notices under Benami Law Post-Demonetisation

The Revenue department has initiated proceedings against more than 10,000 people under the Benami Law for the suspicious transactions after demonetisation. The notice sends to 10,000 people sought for...

Gujarat Sales Tax Bar Association requests Govt to postpone GST Returns Due Date [Read Representation]

The members of the Gujarat Sales Tax Bar Association ( GSTBA ) has requested the Government to extend the due dates for filing GSTR-1 and GSTR-3B after the Diwali celebrations. the last date of...

Inter Banking Accounts Transactions between Group Companies can’t be treated as ‘ Deemed Dividend ’: ITAT [Read Order]

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) decided that since the transaction carried between two group companies were carried as inter-banking accounts transaction then the amount...

Bombay HC directs Tax Dept to bring ‘Some Order and Discipline’ in Granting Refunds [Read Order]

A division bench of the Bombay High Court has directed the income tax department to bring some order and discipline to the aspect of granting refunds. The bench comprising Justices B. P. Colabawalla...

Sec 19(5)(c) of the TN VAT Act not Discriminatory: Supreme Court [Read Judgment]

A two-judge bench of the Supreme Court last week upheld the constitutionality of section 19(5)(c) of the Tamilnadu Value Added Tax Act and Rule 10(9)(a) of the VAT Rules. The appellant was aggrieved...

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