15 May 24

Madras HC Orders 10% Pre-accrued for Reconsideration of ITC Availed Due to GSTR 3B and 2A Discrepancies

SC Accepts Petition Against GST on Property Rights Transfers B/W Developers & Landowners

Madras HC Permits Transition of Unutilized Tax Paid Under VAT to Tamil Nadu GST Act.

14 May 24

Section 43B: Deductible Expenses Beyond MSME Payments

CBDT releases new functionality in AIS to increase transparency

Five States Ready for Aadhaar-based GST Registration Authentication

Gujarat GST AAR: ITC on Employer-Provided Canteen Services (Excluding Employee Contribution)

CBDT Releases Excel Utility & JSON Schema for ITR-3 Filing

13 May 24

ITR-3 Excel, Offline & Online Utility for AY 2024-25 Now Accessible for Filing

RBI appoints Shri R. Lakshmi Kanth Rao as new Executive Director

MCA Seeks Feedback On Review of Rules specified under the Chartered Accountants Act, 1949

12 May 24

Supreme Court: GST Officers Require Verifiable Material, Not Mere Suspicion Before Arrest

Section 43B: Deductible Expenses Beyond MSME Payments

Telangana HC: GST Authorities Can’t Block Credit Exceeding Negative Balance in ECRL

11 May 24

All GSTAT Benches May Operate for GST-Related Disputes from Jan 2025

Ahmedabad ITAT Disallows Tax Deductions U/S 37(1) for Expenditures on Freebies to Doctors

Central Govt. to Prohibit Threat and Coercion in GST Search and Seizures, SC

10 May 24

Over 800,000 Income Tax Returns Filed for AY 2024-25

Ahmedabad ITAT Allows Tax Deduction U/S 80IC on Scrap and Miscellaneous Income

Madras HC Directs Reconsideration of Assessment Order Due to Unintentional Error in 3B Filing

Online Sellers Facing Scrutiny and Disproportionate Requests During GST Registration

09 May 24

Telangana AAR: Selection of Lower Tax Rate Doesn’t Permit Availing ITC Under GST

Income Tax Department Enhances User Experience with New E-Proceedings Tab

MCA Extends LLP Filing Deadline and Relaxes Additional Fees for Form No. LLP BEN-2 and LLP Form No. 4D

Over 800,000 Income Tax Returns Filed for AY 2024-25

FM: GST Lowers Tax Rates on Daily Need Items Like Hair Oil, Soaps and Appliances

08 May 24

GST Boosted State Revenue by 24% Compared to Old Tax Regime: FM Sitharaman

SC Denies to Hear Plea Against 45-Day Payment Rule U/S 43B(h)

Justice (Retd) Sanjay Kumar Mishra Takes Charge as a 1st GSTAT President

PB & HR HC Grants Relief to Holding Companies for Facing GST Notice of Corporate Guarantees

Revenue Secretary Calls Meeting to Crack Down on Fake GSTIN and Wrong ITC Claims

07 May 24

Supreme Court Refuses Plea by Micro and Small Enterprises Regarding 45-Day Payment Rule

CBDT Releases Guidelines for Compulsory Scrutiny of Income Tax Returns in FY 2024-25

ITAT: Non-payment of Income Tax Before 1st Appeal Not Fatal If Assessee Completes Responsibilities Later

ITAT Mumbai: Income Tax Assessments Based Solely on Unverified 3rd-Party Statements Unlawful

06 May 24

FM Sitharaman Refutes Post-Election Income Tax Speculations

ICAI releases Exposure Draft of Guidance Note on Reports on Audit u/s 12A/10(23C)

Delhi HC Slams GST Authorities for Neglecting Natural Justice Principle, Orders Re-adjudication

05 May 24

CCS Police Arrest Deputy Commissioner and 4 GST Officials for Using Forged Documents in Refund Claims

WB AAR: Applicant is Eligible to Claim GST ITC on Demo Cars

Vishakhapatnam ITAT: Assessee Can Claim ITC for TCS Paid Even When No TDS Shortfall Exists U/S 194Q

04 May 24

Mumbai CESTAT: CENVAT Credit Allowed for Input Services Used in Electricity Production for Sister Unit

Gujarat High Court Declines to Intervene in a Section 153C Tax Notice

ITAT Delhi: No Tax Deduction Permits U/S 54 Without Basic Facilities

03 May 24

MCA Establishes Appellate Authority for Chartered Accountants, Company Secretaries and Cost Accountants

UP Surpasses TN in GST Collections By Reporting a 19% Growth

Companies Seek More Clarification from Telangana State GST Dept.

02 May 24

Never Seen Before, GST Revenue Reaches INR 2.10 Lakh Cr in April 2024

Rajkot ITAT: Tax Deduction U/S 43B Can Be Permitted When Assessee Claims on Payment Basis

NFRA Sets Penalty on M/s Dhiraj & Dheeraj Firm for Audit Lapses in RHFL