Refund of the excess TDS amount deducted in GST is allowed if Interstate Works Contract Requires Separate TDS in Each State This case deals with the complexities of Tax Deducted at Source (TDS) under GST when a project spans across two states. Here’s a summary: Background: A joint venture (JV) undertook a construction project in… Read More »
No Unexplained Cash Addition Under Section 69A When Income Declared Under Presumptive Taxation : ITAT Summary : The ITAT Mumbai held that when an assessee declares income under the presumptive taxation scheme, Section 69A cannot be used to treat cash deposits as unexplained income, especially when there is no evidence of income from any other… Read More »
GSTR 1 Filing CHANGE FROM JANUARY 2025 ! GST LATEST UPDATE ! CA SATBIR SINGH
Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A Jan 9th, 2025 After successful implementation of Phase-I & Phase-II now Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return period January 2025. In this phase manual entry of HSN has been replaced by choosing correct HSN from given Drop down. Also, Table-12… Read More »