New validations incorporated for all B2B transactions, selection of PoS State Code as ‘96-Other Country’ is enabled for HSN related to Services by way of transportation of goods The Goods and Services Tax (“GST”) e – Invoice System has issued an Update dated January 30, 2023 on new validations incorporated for all B2B transactions, selection of PoS… Read More »
Assessing Officer can not change nature of loss claimed in ITR : ITAT IN THE ITAT AMRITSAR BENCH Amarnath Aggarwal Builders (P.) Ltd. v. Deputy Commissioner of Income-tax DR. M.L. MEENA, ACCOUNTANT MEMBER AND ANIKESH BANERJEE, JUDICIAL MEMBER IT APPEAL NO. 192 (ASR.) OF 2018 [ASSESSMENT YEAR 2014-15] AUGUST 11, 2022 Sudhir Sehgal and P. N. Arora, Adv. for… Read More »
Demand Order in GST is invalid if not passed within 7 days : High Court Madras High Court Deepam Roadways Vs Deputy State Tax Officer W. P. Nos. 476 of 2023 23/01/2023 The issue that arises for consideration in these writ petition is whether section 129(3) of the Central Goods and Services Tax Act, 2017… Read More »
Income Tax Last date 31.05.2023 I Assessment I New Instructions I CA Satbir Singh The Office of the Principal Chief Commissioner of Income Tax has issued a Letter vide F.No. Pr. CCIT/KNP/DCIT(T&J)/5(31)/2022-23 dated January 27, 2023 in order to direct all the Assessing Officers to complete re-assessment of all cases by May 31, 2023, where proceedings were… Read More »
Time limit for issuance of SCN in GST for F.Y. 2017-18 is extended till June 30, 2023 Kerala High Court Pappachan Chakkiath v. Assistant Commissioner & Anr. [WP(C) NO. 816 of 2023 dated January 11, 2023] It has held that, when the time limit for issuance of order under Section 73(10) of the Central Goods… Read More »
GST Portal will allow negative values in Table 4 of GSTR-3B The Goods and Services Tax Network (“GSTN”) will soon allow negative values in Table 4 of GSTR-3B, allowing users to show the net off credit notes values in Table 4A which will make Table 8 of the GSTR-9 comparison consistent as per the Release… Read More »
How to Save Income Tax by Tax Saving FDR (Fixed Desposits in Bank ) I Income Tax Planning Guide
Cash not be Seized by GST Officer during Search : High Court Delhi High Court Arvind Goyal CA Vs Union of India & Ors. W.P.(C) 12499/2021 19/01/2023 The petitioners have filed the present petition, inter alia, praying as under: “(a) direct the Respondents to deposit balance sum of Rs.1,04,00,000/- taken away on 04.12.2020 during… Read More »
RELIEF FROM GST LATE FEES I NEW ORDER I CA SATBIR SINGH Download Order Click here No GST late fees if returns not filed due to cancellation of GST registration which was restored subsequently : High Court
GST Appellate Authority to hear appeal filed by consignee if order passed against the driver/in-charge of conveyance : High Court HIGH COURT OF CALCUTTA Mehndihasan Rahemtulla Hariyani v. Deputy Commission of Revenue KAUSHIK CHANDA, J. W.P.A. NO. 927 OF 2022 NOVEMBER 3, 2022 ORDER The Deputy Commissioner of Revenue, Alipurduar Zone under Bureau of Investigation… Read More »