GST Penalty imposed even if Tax paid within 30 days of Notice : High Court IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR. JUSTICE DINESH KUMAR SINGH TUESDAY, THE 17TH DAY OF OCTOBER 2023 / 25TH ASWINA, 1945 WP(C) NO. 33787 OF 2023 PETITIONER: M/S. GLOBAL PLASTO WARES, RESPONDENTS: 1 ASSISTANT… Read More »
The Institute of Chartered Accountants of India GST & Indirect Taxes Committee GOODS & SERVICES TAX UPDATE-209 1. Clarification relating to export of services – Section 2(6)(iv) of the IGST Act, 2017 Export of service is defined in section 2(6) of the IGST Act, 2017. As per clause (iv) of the said definition, the… Read More »
GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore; records increase of 13% Y-o-Y Revenue from domestic transactions (including import of services) is also 13% higher Y-o-Y Average gross monthly GST collection in FY 2023-24 now stands at ₹1.66 lakh crore; 11% higher Y-o-Y Posted… Read More »
Record 7.85 crore ITRs filed for all assessment years up to 31st October, 2023 Over 7.65 crore ITRs filed for AY 2023-24 till 31st October, 2023; 11.7% higher Y-o-Y More than 7.51 crore ITRs verified and almost 96% of the verified ITRs stand processed till 31st October 2023 Over 1.44 crore statutory forms filed up… Read More »