New GST Circular on Freezing Bank accounts of Taxpayers The Department of Trade & Taxes, Government of N.C.T. of Delhi issued Standard Operating Procedure (“SOP”) vide F.3(417)/GST/Policy/2021-22/1045-1052 dated March 04, 2022 to ensure the compliance of Bank attachment letters. The Delhi Goods and Services Tax (DGST) came in to effect from July 1, 2017 replacing Delhi Value Added Tax, 2005.… Read More »
Issuance of GST Show Cause Notice within Time : GST Circular GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110002 No. F.3(409)/GST/policy/2021/1054-1058 Dated: 04/03/2022 To, (i) All Special/Additional/Joint Commissioners (ii) All Ward In charges Subject- Issuance of SCNs in time bound manner- regarding. The Instruction… Read More »
Webinar on Smart Search HSN- An Enhanced search HSN functionality for taxpayers. 08/03/2022 The Search HSN Code functionality has been enhanced, where taxpayers can search the HSN code and the applicable Technical description through common parlance / trade description of the goods/ services as they are known in the Trade. It helps the taxpayers to… Read More »
Reserve Bank of India launches (a) UPI for Feature Phones (UPI123pay) and (b) 24×7 Helpline for Digital Payments (DigiSaathi) The Reserve Bank has launched two key initiatives today – (1) UPI123Pay – Option to make Unified Interface Payments (UPI) payments for feature phone users, and (2) DigiSaathi – a 24×7 Helpline to address the queries… Read More »
Section 234E Fees for TDS return default can not be levied for period before 01.06.2015 : ITAT IN THE ITAT KOLKATA BENCH ‘A’ Bhaskar Roy v. Income-tax Officer, TDS-1(2), Kolkata P.M. JAGTAP, VICE PRESIDENT (KZ) AND A.T. VARKEY, JUDICIAL MEMBER IT APPEAL NOS. 415 TO 422 (KOL) OF 2021 [ASSESSMENT YEARS 2013-14 TO 2015-16] DECEMBER 17,… Read More »
Section 54F Allowed if Construction started before Sale of Asset : ITAT IN THE ITAT CHENNAI BENCH ‘D’ Mrs. Baskarababu Usha v. Income-tax Officer MAHAVIR SINGH, VICE-PRESIDENT AND G. MANJUNATHA, ACCOUNTANT MEMBER IT APPEAL NOS. 521 AND 522 (CHNY.) OF 2020 [ASSESSMENT YEAR 2016-17] NOVEMBER 30, 2021 Ranga Ramanujam, C.A. for the Appellant. Ms. R. Anita, Addl. CIT for the… Read More »