27 May Legal Victory: Supreme Court Validates NFRA’s Past Jurisdiction!
Discover the groundbreaking verdict as the Supreme Court extends its support to NFRA's retrospective jurisdiction, solidifying its authority over past audits! Read more. ...
News
27 May GST Relief: No Penalty for Assessee’s Timely Tax Payment
Interest and penalties are not applicable if GST payment delays are not due to the assessee's fault, as ruled by the Allahabad High Court. ...
27 May Income tax return scrutiny: CBDT issues notification on selection of cases for tax scrutiny. Check details
The CBDT has issued new guidelines for the scrutiny of ITRs for FY 2024-25. Learn why your returns might be under closer examination. ...
27 May India’s Economic Growth to Maintain Momentum in Q1 FY 2024-25: Finance Ministry
Learn about the anticipated increase in India's merchandise exports for the first quarter of FY 2024-25. ...
25 May CBDT notified “363” as Cost Inflation Index (CII) for the F.Y 2024-25
The CBDT has set the new Cost Inflation Index for the fiscal year 2024-25. ...
25 May India mulls GST relief for foreign airlines; fitment committee to review
India considers GST exemption for services between airline HQs and branches, offering tax relief. Final decision pending fitment committee review....
25 May Implementation of labour codes, lower GST rate can help in formalisation of India’s workforce: ISF report
Discover why immediate implementation of labour codes is vital for India's workforce formalization and economic growth. ...
24 May CESTAT Issues Circular on No Adjournments for Pre-2018 Appeals
Discover how CESTAT's latest circular expedites resolution of appeals filed before 2018. No adjournments. Read now!...
24 May HC rejects appeal over reversal of input tax credit on fraudulent supplies
Ruling highlights strict adherence to GST laws, invalidating ITC claims on fraudulent supply transactions. ...
24 May GSTN issued Important Letter on Migration of CBIC to GSTN Back Office
GSTN issues a letter about CBIC's migration to the GSTN Back Office and its impact on state tax administrations. ...