If Taxpayer does not appear after a dozen summons GST Department can take coercive action against him, including his arrest : HC

By | September 3, 2021

If Taxpayer does not appear after a dozen summons GST Department can take coercive action against him, including his arrest : HC HIGH COURT OF JHARKHAND Directorate General of GST Intelligence v. Pankaj Agarwal CHANDRASHEKHAR, J. ORDER NO. 05 CONT. CASE (CIVIL) NOS. 665, 668 TO 671 OF 2019 JULY  9, 2021 Ratnesh Kumar, Adv. for… Read More »

Income Tax Department conducts searches in Delhi, Gujarat and Dadra : Unaccounted funds of Rs. 380 crore detected

By | September 3, 2021

Income Tax Department conducts searches in Delhi, Gujarat and Dadra Posted On: 02 SEP 2021 The Income Tax Department carried out a search and seizure operation on 01.09.2021 on a manufacturer and distributor of synthetic yarns and polyester chips having corporate office in Delhi and factories at Dadra & Nagar Haveli and Dahej. During the course… Read More »

No Show Cause Notice is required to be issued for making addition under section 68 of Income Tax Act : HC

By | September 2, 2021

No Show Cause Notice is required to be issued for making addition under section 68 of Income Tax Act : The first argument of the appellant is that no show cause notice was issued before the addition was made by resorting to Section 68 of the Act. The statutory provision does not specifically state that… Read More »

Income Tax Notification No 94/2021 : Direct Tax Vivad Se viswash Scheme date Extension

By | September 2, 2021

Income Tax Notification No 94/2021 : Direct Tax Vivad Se viswash Scheme date Extension MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31st August, 2021 S.O. 3536(E).—In exercise of the powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the… Read More »

Income Tax Notification No 97/2021 CBDT Notified date for provisos of Sections 245-O to Sections 245V

By | September 2, 2021

Income Tax Notification No 97/2021 CBDT Notified Board for Advance Ruling MINISTRY OF FINANCE(Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 1st September, 2021 S.O. 3562(E).—In exercise of the powers conferred by the second proviso to sub-section (1) of section 245-O, sub-section (2) of section 245P, sub-section (4) of section 245Q,… Read More »

Income Tax Notification No 96/2021 CBDT Notified Board for Advance Ruling

By | September 2, 2021

Income Tax Notification No 96/2021 CBDT Notified Board for Advance Ruling MINISTRY OF FINANCE(Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 1st September, 2021 S.O. 3561(E).—In exercise of the powers conferred by sub-section (1) of section 245-OB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby constitutes the… Read More »

GST Revenue collection for August 2021 Rs 1,12,020 crore

By | September 1, 2021

GST Revenue collection for August 2021 ₹ 1,12,020 crore of gross GST revenue collected in August Posted On: 01 SEP 2021 The gross GST revenue collected in the month of August 2021 is ₹ 1,12,020 crore of which CGST is ₹ 20,522 crore, SGST is ₹ 26,605 crore, IGST is ₹ 56,247 crore (including ₹ 26,884 crore collected on import of… Read More »

Category: GST

Bail to taxpayer denied by High Court who claimed refund of GST based on bogus ITC

By | September 1, 2021

HIGH COURT OF PUNJAB AND HARYANA Rakesh Arora v. State of Punjab AVNEESH JHINGAN, J. CRM-M- 1511 OF 2021 JANUARY  28, 2021 Ashok Aggarwal, Sr. Adv. and Priyadarshi Manish, Adv. for the Petitioner. Gaurav Garg Dhuriwala, Sr. Dy. Adv. General and Sourabh Goel, Sr. Panel Counsel for the Respondent. ORDER 1. The matter is taken up for hearing through video conference… Read More »

USA IRS : Taxpayers can find answers to questions about payments and penalties on IRS.gov

By | September 1, 2021

Taxpayers can find answers to questions about payments and penalties on IRS.gov Taxpayers can find answers to most questions about tax payments and penalties on IRS.gov. The Let Us Help You page, features links to information and resources on a wide range of topics related to penalties and payments. Payments Payment options • This page lays out… Read More »

PF Interest Taxability Rules : Income-tax (25thAmendment) Rules, 2021 : Notification No. 95/2021 Income Tax

By | September 1, 2021

PF Interest Taxability Rules MINISTRY OF FINANCE(Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31stAugust, 2021 INCOME-TAXG.S.R. 604(E). —In exercise of the powers conferred by the first proviso to clause (11) of section 10 and the first proviso to clause (12) of section 10 read with section 295 of the Income-tax… Read More »