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GST Appellate Tribunals to be set up by Mid-Financial Year 2024-2025

A significant development is on the horizon for taxpayers and professionals dealing with Goods and Services Tax (GST) disputes awaiting to file...

Direct Tax Collections for FY 2023-24 grow 18.74% YoY

Inconsistencies noted in Sale Price per Unit in SFT-17 after Advance Tax e-Campaign will be...

Extended Time Limit available for Statutory Appeal: Kerala HC dismisses Writ challenging...

Mallu Bhatti Vikramarka - financial year 2024 - Telengana budget - TAXSCAN

Telangana Government Begins Budget Preparations for FY 2024-25

GSTN Team Reaches Out via Email to Rectify GSTR-1 Errors : Know Recommended Solution Here

The Goods and Services Tax Network (GSTN) team has now reached out to the tax filers regarding the rectification in the GSTR-1 errors. The team has emailed the error resolution through the emails. ...

Navi Mumbai Municipal Corporation Collects Property Tax of Rs. 465 Crore in Initial 9 Months of FY24

In the first nine months of the fiscal year 2023-24, the Navi Mumbai Municipal Corporation (NMMC) successfully amassed Rs. 465.70 crore in property tax, showcasing a notable increase from the Rs....

Navi Mumbai Municipal Corporation - Property Tax - Navi Mumbai Municipal Corporation Collects Property Tax - taxscan

Union Budget 2024: Know Why it is Different and Significance of "Vote on Account"

As we approach the Union Budget on February 1, 2024, coinciding with the upcoming general elections, it's important to understand the process and significance of this financial event and its nature. ...

Union Budget 2024-Different - Significance -Vote - Account-TAXSCAN

PSBs have not Recovered even ₹1 vs ₹5 Written Off in Last Nine Years: Finance Ministry clarifies in Lok Sabha

The Finance Ministry clarified before the Lok Sabha that the Public Sector Banks (PSB) have not recovered even ₹1 vs ₹5 written off in the last nine years.The Minister did not name individual...

PSBs - Recovered -Last Nine Years-Finance Ministry - Lok Sabha-TAXSCAN

Geotagging Compulsory for Claiming Tax Exemption for Properties: MCD

The Municipal Corporation of Delhi (MCD) has introduced a new requirement for residents of the national capital, mandating the geotagging of properties for those seeking tax exemptions. This...

Geotagging -Compulsory - Claiming Tax- Exemption - Properties-MCD-TAXSCAN

Advance Notice on Vacancy of Building Mandatory for Remission of Property Tax: Kerala HC [Read Order]

In a recent decision the Kerala High Court observed that advance notice on vacancy of building mandatory for remission of property tax. The present writ petition under Article 226 of the...

Advance Notice - Vacancy - Building Mandatory - Remission -Property Tax-Kerala HC-TAXSCAN

Decoding GST ITC Reversal on Account of Rule 37A

As per the decision of the Council the Central Government had inserted Rule 37A in Central Goods and Services Tax Rules, 2017 to prescribe the mechanism for reversal of Input Tax Credit (ITC) by a...

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