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GSTN Issues Advisory on Issuance of Notices/Orders without Digital Signatures of the Issuing Authorities

   27 September 2024 at 09:04

Doubts have been created regarding the validity of documents issued by the tax officers on the common portal viz. Show cause Notices

Posted in GST |   3234 Views


EY Employee's Death Sparks Outcry Over Unpermitted Operations of Pune Office Since 2007

   26 September 2024 at 13:18

The recent dreadful mishap where 26-year-old Anna Sebastian Perayil died at the Ernst & Young (EY) office in Pune raises many questions about the workplace practices of the accounting firm.

Posted in Students |   3537 Views


MCA Notifies Companies (Accounts) Amendment Rules, 2024

   26 September 2024 at 09:21

On September 24, 2024, the Ministry of Corporate Affairs (MCA) issued Notification No. G.S.R. 587(E), introducing significant amendments through the Companies (Accounts) Amendment Rules, 2024.

Posted in Corporate Law |   19998 Views


GSTN CEO Confirms Completion of Design Architecture for B2C E-Invoicing for Retailers

   26 September 2024 at 09:20

The design architecture for implementing GST e-invoicing for retailers is nearly finalized and undergoing expert review, according to GST Network CEO Manish Kumar Sinha.

Posted in GST |   5079 Views


Rs 382 Crore Tax Notice Exposes Aadhaar and PAN Misuse Scam in Thane with Multiple Bank Accounts

   26 September 2024 at 09:18

A shocking case has emerged from Thane's Diva, where a local real estate agent received an income tax notice accusing him of being involved in transactions amounting to ₹382 crore.

Posted in Income Tax |   2241 Views


SC Requests Income Tax Department's Response to Notices Sent to Panel Assisting in Property Sealing

   26 September 2024 at 09:16

The Supreme Court has requested a response from the Income Tax Department regarding notices issued to a committee assisting the court in sealing residential premises used for commercial purposes.

Posted in Income Tax |   1632 Views


CBIC Official: Data Discrepancies Behind Most GST Show-Cause Notices in 2023-24

   26 September 2024 at 09:16

A significant number of the show-cause notices issued to taxpayers under the GST regime in 2023-24 stemmed from data discrepancies in tax return filings, a senior indirect tax official said on Tuesday.

Posted in GST |   8616 Views


Infosys May Get Full Relief on Reverse-Charge GST as CBIC Considers Key Modifications

   26 September 2024 at 09:13

CBIC is considering amending its June 26, 2024, circular to quash Goods and Services Tax (GST) liabilities for Infosys and similar companies facing tax demands on fund transfers to their overseas branches.

Posted in GST |   1419 Views


GoM Unlikely to Offer Relief to Real Estate Sector on Joint Development Agreements

   26 September 2024 at 09:12

Most members of the Group of Ministers (GoM) of the Goods and Services Tax (GST) Council have indicated they are not in favor of providing any tax relief to the real estate sector concerning Joint Development Agreements (JDAs).

Posted in GST |   552 Views


7 Arrested for Rs 900 Crore GST Scam Involving 48 Shell Companies

   26 September 2024 at 09:10

In a major breakthrough, Uttar Pradesh police uncovered a large-scale GST fraud syndicate, arresting seven individuals in Muzaffarnagar on Tuesday.

Posted in GST  2 comments |   1413 Views



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