Ministry of Corporate Affairs enhances Threshold Limits for Asset and Turnover Values by 150% [Read Notification]
The Ministry of Corporate Affairs ( MCA ), vide notification no. S.O. 1130(E) dated 7th March 2024 has announced the revision of the threshold values...
![Taxable Turnover Cannot be Arrived without Giving Particulars of Value of Goods and Services under TNVAT Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Taxable-Turnover-Arrived-without-Giving-Particulars-of-Value-of-Goods-and-Services-under-TNVAT-Act-Madras-HC-TAXSCAN-1.jpg "Taxable Turnover Cannot be Arrived without Giving Particulars of Value of Goods and Services under TNVAT Act: Madras HC [Read Order]")
![ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Penalty-Income-Tax-Act-as-Turnover-was-below-2-Crores-as-Prescribed-TAXSCAN.jpg "ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]")
![Delhi Govt waives Late fee for Filing Annual Returns of Registered Taxpayers having Turnover up to Rs.20Cr [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/07/Delhi-Govt-waives-Late-fee-for-Filing-Annual-Returns-Delhi-Govt-waives-Late-fee-Late-fee-Filing-Annual-Returns-Annual-Returns-Registered-Taxpayers-Taxpayers-Turnover-taxscan.jpg "Delhi Govt waives Late fee for Filing Annual Returns of Registered Taxpayers having Turnover up to Rs.20Cr [Read Notification]")
![Addition made on Account of Estimated Rate of Profit applied to Turnover does not Amount to Concealment: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Account-of-Estimated-Rate-of-Profit-Account-Estimated-Rate-Profit-Rate-of-Profit-Turnover-Amount-to-Concealment-Concealment-ITAT-deletes-Penalty-ITAT-Penalty-Taxscan.jpg "Addition made on Account of Estimated Rate of Profit applied to Turnover does not Amount to Concealment: ITAT deletes Penalty [Read Order]")
![No Addition u/s 68 for Turnover Already Reflected in Books of the Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Turnover-Books-of-the-Assessee-ITAT-taxscan.jpeg "No Addition u/s 68 for Turnover Already Reflected in Books of the Assessee: ITAT [Read Order]")
Calculating Deemed Sales Value by taking Turnover from Entirety of Works Contract even at the First Stage is Contrary to VAT Act: Madras HC [Read Order]
The Madras High Court, in a recent judgment has directed the VAT authorities to re-do the proceedings as the method for assessing the turnover from works contract was in contradictory to Rule 8(5) of...
![Calculating Deemed Sales Value by taking Turnover from Entirety of Works Contract even at the First Stage is Contrary to VAT Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Works-Contract-VAT-Act-Madras-HC-TAXSCAN.jpeg "Calculating Deemed Sales Value by taking Turnover from Entirety of Works Contract even at the First Stage is Contrary to VAT Act: Madras HC [Read Order]")
Goods attracting Nil Rate of GST Compensation Cess shall be treated as ‘Exempted’ to compute 'Adjusted Turnover': Calcutta HC orders Refund [Read Order]
While upholding an order granting GST refund, the Calcutta High Court has held that the goods attracting nil rate of cess shall be treated as ‘exempted’ for the purpose of adjusted total turnover...
![Goods attracting Nil Rate of GST Compensation Cess shall be treated as ‘Exempted’ to compute Adjusted Turnover: Calcutta HC orders Refund [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Rate-ofGST-CompensationCess-Turnover-Calcutta-HC-Refund-taxscan.jpeg "Goods attracting Nil Rate of GST Compensation Cess shall be treated as ‘Exempted’ to compute Adjusted Turnover: Calcutta HC orders Refund [Read Order]")
![GST: Delhi Govt. notifies GSTR-1 due date for dealers with turnover exceeding Rs.1.5 Cr [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/01/GST-Delhi-Govt-GSTR-1-due-date-turnover-Taxscan.jpg "GST: Delhi Govt. notifies GSTR-1 due date for dealers with turnover exceeding Rs.1.5 Cr [Read Notification]")
Kerala Govt. extends filing 'Flood Cess Return' for period February 2020 to May 2020 [Read Notification]
The Kerala Government has extended the last date for filing Kerala Flood Cess Return for the period of February 2020 to May 2020, in view of practical difficulties faced by taxpayers due to the...
