Erroneous ‘defective return’ notice issued Dear Taxpayer, A defective return notice was wrongly issued on 29th Nov 2024 stating that income is offered u/s 44AD, even though the gross receipts are more than Rs.2 crores and the balance sheet and profit and loss account have not been filled, and books of accounts are not audited.… Read More »
4 NEW GST CIRCULAR ISSUED ON 31 DECEMBER 2024 BY CBIC FOR CLARIFCATIONS Number Date Subject Download 243/37/2024-GST 31-Dec-2024 Clarification on various issues pertaining to GST treatment of vouchers English 242/36/2024-GST 31-Dec-2024 Clarification on place of supply of Online Services supplied by the suppliers of services to unregistered recipients English 241/35/2024-GST 31-Dec-2024 Clarification on availability… Read More »
Advisory to Taxpayers on Extension of E-Way Bills Expired on 31st December, 2024 Jan 1st, 2025 It is hereby informed that the technical challenges encountered in the e-way bill generation process have been resolved, and the portal is now functioning smoothly. In connection with the technical issues faced earlier, the following facilitation measures have been… Read More »