Ministry of Finance Extends Vivad se Vishwas II Scheme Deadline for Government Contract Disputes
Tech Giants Face Scrutiny for Potential Tax Non-Payment
Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in the GSTR-R3B
Vide Rule 37A of CGST Rules, 2017 the taxpayers have to reverse the Input Tax Credit (ITC) availed on such invoice or debit note, the details of which have been furnished by their supplier in their GSTR-1/IFF but the return in FORM GSTR-3
In a recent judgment, the Bombay High Court has ruled against the validity of reassessment proceedings conducted by the tax department against non-existent entities, even though the Permanent Account Number (PAN) remained active.
Invitation for contribution to Question Bank in respect of Self-paced Online Module Examinations (Set-A & Set-B)
The Gross Direct Tax collections are at Rs. 12.37 lakh crore, which is 17.59% higher than the gross collections for the corresponding period of last year. Direct Tax collection
Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023
In a recent statement, the CBIC revealed that the impressive rise in GST collections in October was primarily driven by robust economic activity within the country, dispelling rumors that it was solely due to tax notices issued to various companies.
In a significant legal victory for Vodafone Idea Ltd, the Bombay High Court has ruled in favor of the telecom giant, ordering the Income Tax Department to refund INR 1,128.47 crores in taxes paid during the assessment year 2016-17, along with interest.