GST National Coordination Meeting being held Today: Discussions on Curbing Fake GST Registrations Underway
The upcoming meeting for Nation-level Coordination of Goods and Services Tax administration, led by Revenue Secretary Sanjay Malhotra, will convene Central and state GST officers to delve into critical matters such as strengthening registration norms
Supreme Court hears Petition against Penal Provisions under Customs, Excise and GST Laws
On May 1, 2024, the Supreme Court of India heard a group of petitions contesting penal clauses within several laws, including the Customs Act, Excise Act, and GST Act. These petitions argued that these penal
CA, CMA, MBA Vacancy in SAP
The SAP invited applications for the post Cloud ERP - Consultant-S/4 HANA Finance Qualifications Professionally qualified Chartered Accountant/CMA/MBA Finance with 12+ years of SAP consulting experience in Finance & Controlling besides a good understanding of business
S. 50 PMLA not to be Invoked against Unsuspecting Citizens: Delhi Court reprimands ED, calls act “High-Handed”
The Delhi Rouse Avenue Court criticized the Enforcement Directorate ( ED ) for its conduct, emphasizing that as an investigative body, it must abide by legal principles and avoid appearing overbearing towards ordinary citizens not
Emery Cloth is Cotton Coated Fabric, eligible for Sales Tax Exemption: Andhra Pradesh HC [Read Order]
The Andhra Pradesh High Court held that Emery Cloth is cotton coated fabric and is eligible for sales tax exemption. The Appellate Tribunal held that like rexine cloth, tarpaulin is also included in item-174 and
Big Relief: No Liability on TDS/TCS Deductor u/s 206AA/206CC due to PAN-Aadhaar Non-linkage Until May 31, 2024 [Read Circular]
In response to taxpayer requests, the CBDT has provided significant relief. Until March 31, 2024, if PAN is linked with Aadhaar by May 31, 2024, deductors/collectors are exempt from Section 206AA/206CC tax obligations. However, other
Baba Ramdev’s Patanjali to Pay Service Tax on Yoga Camps, Supreme Court upholds CESTAT Order
In a recent legal ruling, the Supreme Court upheld a decision made by the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) regarding the liability of the Patanjali Yogpeeth Trust to pay service
Value of Services Provided Free of Cost to Engineers and Staff of Service Provider not includable in ‘Gross Amount Charged’: CESTAT quashes Service Tax Demand [Read Order]
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) quashed the service tax demand and held that the value of services provided free of cost to engineers and staff
₹3 Lakh Crore “Maha” GST Collection in Maharashtra, Historic Achievement in Investigative Raids
In the fiscal year 2023–24, Maharashtra's GST collection surpassed Rs 3 lakh crore, marking the first time this milestone has been reached since the introduction of the Goods and Services Tax system. As per the
GHMC Initiates Criminal Cases against 40 Property Owners Over Bounced Cheques Worth ₹11 Crore in Property Tax Payments
The Greater Hyderabad Municipal Corporation ( GHMC ) has taken criminal action against approximately 40 property owners who issued bounced cheques for property tax payments. The cases have been lodged against these individuals across various
TDS Return Form 24Q Errors: Q4 FY 2023-2024 Error to be Rectified Soon, New fvu file to be Released by Income Tax Dept
Taxpayers filing TDS returns for Q4 (Form 24Q) and claiming standard deduction under section 16(ia) for Section 115BAC cases faced an error message. The error message states that standard deduction under section 16(ia) is not
CA, CMA, MBA Vacancy in SAP
The SAP invited applications for the post Cloud ERP - Consultant-S/4 HANA Finance. Qualifications Professionally qualified Chartered Accountant/CMA/MBA Finance with 12+ years of SAP consulting experience in Finance & Controlling besides a good understanding of business
CA, CMA, MBA Vacancy in SAP
The SAP invited applications for the post Consultant- SAP FICO & FSCM or TRM - Gurgaon-Cloud ERP. Qualifications Professionally qualified Chartered Accountant/CMA/MBA Finance with 6+ years of SAP consulting experience in Finance & Controlling besides
No Invoking of Writ Jurisdiction on Grievance that GST Dept had Coerced Assessee to Deposit Tax Amounts: Bombay HC [Read Order]
In a recent decision, the Bombay High Court observed that the writ jurisdiction cannot be invoked on grievance that GST Department had coerced assessee to deposit tax amounts. The case of the petitioner is that
Ice Cream Not a Luxury, Chhattisgarh HC urges GST Council for Rate Reevaluation
The Chhattisgarh High Court has ruled that ice cream is not a luxury item and has directed the Goods and Services Tax ( GST ) Council to reconsider its decision to exclude small-scale ice cream