02 Apr Decision by High Court Allows Refund of Reversed ITC When Supplier Pays Tax
The Delhi High Court, in the matter of Pedersen Consultants India Pvt. Ltd. v. Union of India and Ors. [W.P. (C) 1039/2024 dated March 19, 2024]...
Government Regulations Tag
28 Mar CBDT notifies changes in ITR Form V and Acknowledgement for AY 2024-25
The CBDT, through Notification No. 37/2024 dated March 27, 2024...
28 Mar Delhi High Court Alters Retrospective Revocation of GST Registration
In the legal case of Supreme Enterprises versus Principal Commissioner of Goods and Service Tax, North Delhi, the Delhi High Court recently deliberated on the matter of retroactively canceling GST registration....
16 Mar CBIC Modifies BCD Rates on Selected Smart Wearable Devices
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 17/2024-Customs on March 14, 2024, which revises its earlier Notification No. 57/2017-Customs dated June 30, 2017. This revision pertains to the Basic Customs Duty (BCD) rates applicable to specific smart wearable devices....
15 Mar Introduction to Revised GST Returns and Future Implementation
A recent advancement in the taxation system promises to equip taxpayers with a valuable tool known as the ability to file revised Goods and Services Tax (GST) returns. This transformative change, set to take effect from 2025, aims to streamline the tax filing process and...
15 Mar Enhancing Address Verification in the GST System through GEO-Coding
In India, the Goods and Services Tax (GST) system continues to evolve, aiming for improved efficiency and accuracy. One area gaining traction is GEO-Coding in Address Verification, which aims to enhance the recognition and validation of taxpayer addresses....
14 Mar Revisions to TDS Sections 194R and 194S in the Income Tax Act, 1961
Section 194R, introduced as part of the Finance Act 2022, addresses the taxation of benefits or perks associated with business or professional activities and the subsequent deduction of taxes....
14 Mar Proposed Amendments to MSME Development Act to Facilitate Prompt Payments to Small Businesses
The government is considering revisions to the MSME Development Act, 2006, to ensure timely payments to micro, small, and medium enterprises (MSMEs)....
12 Mar GSTN Issues Important Advisory on GSTR-1/IFF: Introduction of New Tables 14A and 15A
An advisory, Advisory No. 627 dated March 12, 2024, has been issued by the GSTN regarding the introduction of new Tables 14A and 15A in GSTR-1/IFF....
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