The Institute of Chartered Accountants of India (ICAI) has issued a clarification regarding RBI guidelines for appointment of Statutory Central Auditors or Statutory Auditors at commercial banks, UCBs and NBFCs. The clarification from the Professional

In a significant development, the Gujarat High Court, presided over by Justice Bhargav D. Karia and Justice Niral R. Mehta, raised pertinent queries regarding the extension of the show-cause-notice period under the Central Goods and

The Assam Goods and Service Tax (GST) Department has issued Instruction No. 13/2023-GST dated December 26, 2023 regarding notice issued based on IIT Big Data Software. By the Notification No. CT/GST-40/2020/108, the attention is invited

The Economic Survey of 2022-23 highlighted the recovery of Micro, Small, and Medium Enterprises (MSMEs) after the pandemic. In FY21, GST paid by MSMEs had declined, but by FY22, it surpassed the pre-pandemic levels of

The Bombay High Court has directed the department to permit the petitioner or assessee to amend or rectify Form GSTR-1 for July 2021 either online or manually. Star Engineers (I) Pvt. Ltd., the petitioner challenged

The Gujarat High Court rejected the application for pre-arrest bail as the benefit of was obtained by input tax credit (ITC) illegally opened GST Account on basis of false and fabricated documents. The accused, Hitendra

In response to the devastating impact of Cyclone MICHAUNG that struck Tamil Nadu on December 4th and 5th, 2023, the Government of Tamil Nadu has taken significant steps to alleviate the challenges faced by the

In a tweet, CBIC stated, "Ensure timely filing of your Annual Return in Form GSTR-9 and Form GSTR-9C." https://twitter.com/cbic_india/status/1736312078598819940?s=20 Attention to all GST taxpayers! Kindly complete the filing of your Annual Return in FORM GSTR-9

A Division Bench of the Delhi High court set aside the cancellation of the petitioner’s GST registration and instructed the GST department to amend the registration cancellation order to nullify the arbitrary exercise of retrospective

The Delhi High Court directed to allow Goods and Service Tax(GST) Refund since the FORM GST DRC-04 under Central Goods and Service Tax (CGST) rules, 2017.It is not disputed that any voluntary deposit in Form

A Parliamentary Panel has asked the Centre to provide GST exemption for imported pharmaceutical products used by hospitals or scientific organisations in research on life-saving medicines and treatments. Congress member Adhir Ranjan Chowdhury, Chairman of

In a recent ruling, the Kerala High Court Justice Dinesh Kumar Singh directed M/S. N.T.K. Jewellers to file a statutory appeal against the Goods and Services Tax (GST) Adjudication Notice after finding no reason to

The Kerala High Court has emphasized that officials are empowered to exercise arrest authority under Section 69 of the Kerala State Goods and Services Act, 2017, if there is a reasonable belief that an offense

Finance Minister, Nirmala Sitharaman introduces CGST (Second Amendment) Bill, 2023 in Lok Sabha today. The Central Goods and Services Tax (Second Amendment) Bill, 2023, proposes to cap the age for president and members of the

On Thursday, the West Bengal assembly successfully passed the West Bengal Goods and Services Tax (Second Amendment) Bill, 2023, marking a significant move in the taxation landscape. The bill, once enacted, will subject online gaming,