ITAT has the power to entertain new grounds under Section 254 even if not raised earlier Summary in Key Points: Issue: Whether the Tribunal can entertain additional grounds for exemption under Section 10(15)(iv) of the Income-tax Act, 1961, even if not raised before the Assessing Officer (AO) and Commissioner (Appeals), and whether the AO should… Read More »
Disallowance of expenses reversed as AO did not verify books of account. Summary in Key Points: Issue: Whether the Assessing Officer (AO) was justified in disallowing the deduction for paddy purchases made from small farmers, citing lack of confirmation and inconsistencies, without verifying the assessee’s books of account. Facts: The assessee, engaged in manufacturing food… Read More »
How to Get GST officers Details, Phone No etc The contact number for the GST Portal helpline is 0120-4888999. Additionally, the GST department has a toll-free number: 1800-103-4786. You can use these numbers to receive support with matters relating to: GST registration GST return filing GST payments Access to the GST Portal Other Resources: Email:… Read More »
GSTR 3B Last Date 24 January 2025 for Group A Filer (oct to December 2024) GSTR 3B filing Last date for oct to December 2024 is 24th January 2025 for following Registered persons whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh,… Read More »
CBDT prescribes conditions for NRs engaged in business of operation of cruise ships for Sec. 44BBC MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 21st January, 2025 INCOME-TAX G.S.R. 67(E). In exercise of the powers conferred by section 295 read with the sub-section (1) of section 44BBC of the… Read More »
HSN CODE IN GSTR 1 AND GSTR 1A NEW CHANGE FROM FEB 2025
Appeals filed post 22-07-2024 without condonation request will be eligible for Vivad se Vishwas: CBDT MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) ORDER New Delhi, the 20th January, 2025 S.O. 348(E). —WHEREAS, the Direct Tax Vivad Se Vishwas Scheme, 2024 was introduced vide the Finance (No.2) Act, 2024 (15 of 2024) and… Read More »
Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A Jan 22nd, 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 February 2025. In this phase manual entry of HSN has been replaced by choosing correct HSN from given Drop down. Also, Table-12… Read More »