Monthly Archives: January 2024

Rs 1,72,129 crore gross GST revenue collected during January 2024, 2nd highest ever

By | January 31, 2024

₹1,72,129 crore gross GST revenue collected during January 2024; records 10.4% Year-on-Year growth At ₹1,72,129 crore, GST collections are 2nd highest ever; crosses ₹1.70 lakh crore mark for the third time in FY 2023-24 With overall collection reaching ₹16.69 lakh crore, GST collections register 11.6% Y-o-Y growth in 10-month period Posted On: 31 JAN 2024… Read More »

Category: GST

Assessee can file rectification of GSTR 1 to correct inadvertent error : High Court

By | January 31, 2024

Assessee can file rectification of GSTR 1 to correct inadvertent error : High Court HIGH COURT OF BOMBAY Anvita Associates v. Union of India G.S. KULKARNI AND FIRDOSH P. POONIWALLA, JJ. WRIT PETITION NO. 602 OF 2024 JANUARY  15, 2024 ORDER 1. We have heard Mr.Bapat, learned Counsel for the Petitioner and Ms.Vyas, learned Counsel for Respondent-State. 2. This… Read More »

Category: GST

GST registration can’t be cancelled retrospectively just because assessee failed to file returns : High Court

By | January 31, 2024

GST registration can’t be cancelled retrospectively just because assessee failed to file returns : High Court HIGH COURT OF DELHI Aryan Timber Store v. Sales Tax Officer SANJEEV SACHDEVA AND RAVINDER DUDEJA, JJ. W.P.(C) NO. 628 OF 2024 CM. APPEAL NOS. 2749 AND 2748 OF 2024 JANUARY  18, 2024 Gaurav Gupta, Adv. for the Petitioner. Rajeev Aggarwal and Ms. Samridhi Vats,… Read More »

Category: GST

Notification No 05/2024 – CENTRAL TAX

By | January 31, 2024

Notification No 05/2024 – CENTRAL TAX MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 30th January, 2024 No. 05/2024 – CENTRAL TAX G.S.R. 77(E).— In exercise of the powers under section 3 read with section 5 of the Central Goods and Services Tax Act, 2017 (12… Read More »

Category: GST

ITR 6 for AY 2024-25 Notified [For Companies other than companies claiming exemption under section 11]

By | January 29, 2024

ITR 6 for AY 2024-25 Notified [For Companies other than companies claiming exemption under section 11] The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Form 6 for the Assessment Year 2024-25 vide Notification No. 16/2024, dated 24-01-2024. Earlier the board has notified the Income-tax Return (ITR) forms 1 & 4 for the… Read More »