In this comprehensive guide, we will explore the key components of Indian GST compliances and provide practical insights on how businesses can navigate and streamline their operations to ensure compliance.
The Income Tax Department has recently taken action to address the issue of individuals failing to disclose their additional income from moonlighting activities in their Income Tax Returns (ITRs).
In the world of Goods and Services Tax (GST), filing accurate and timely returns is crucial for every registered taxpayer. Timely filing of GST Return is equally important as there are severe consequences not only for the Registered Taxpayer who has missed the deadline but also for the recipient of supplies.
According to a recent ruling by the Kerala Authority for Advance Ruling (AAR), tax reductions provided under Rule 32(5) of the Central Goods and Service Tax (CGST) Rules are not applicable when gold is not considered a second-hand commodit
The legality of the order made by the Commissioner of Service Tax, Mumbai-VII is under scrutiny in this appeal.
Here is an article on the basis of the news items that show-cause notices have been issued to various insurance companies in India and what action they have taken.
A Case Analysis of Concord Tieup Pvt. Ltd. vs The State of Madhya Pradesh
The consolidated form, being readied by the Central Board of Indirect Taxes and Customs, will allow the GST-payers to view all of their transactions as well as e-invoices.
The revenue department has decided to move Supreme Court against the Karnataka High Court order that quashed a Rs 21,000-crore GST show-cause notice on Bengaluru-based online gaming company Gameskraft.
Section 126 of the CGST Act lays down certain guiding principles that must be followed while imposing penalties under the GST regime. These principles ensure that the penalties are imposed fairly, objectively, and in a proportionate manner.