Clipped from: https://www.taxscan.in/filing-appeal-revocation-cancellation-of-gst-registration-intent-importance-purposes/469454/ The cancellation of GST registration can have significant repercussions for businesses, affecting their operational continuity and legal compliance. It often arises due to
Day: May 24, 2025
*******Received GST SCN under Section 16(4)? Here’s What to Do [Find Draft Format Here]
Clipped from: https://www.taxscan.in/received-gst-scn-under-section-164-heres-what-to-do-find-draft-format-here/481746/ When addressing a Show Cause Notice (SCN) issued under Section 16(4) of the CGST Act, 2017, it is vital to craft a clear and legally
Adjournment against GST SCN: Find Draft Format
Clipped from: https://www.taxscan.in/seeking-adjournment-against-a-gst-show-cause-notice-find-draft-format-here/478956/ A Show-Cause Notice (SCN) is an essential instrument used by the revenue authorities under the Goods and Services Tax (GST) framework to initiate
*******ITC Reversal w/out E-Invoice: Draft Reply to SCN
Clipped from: https://www.taxscan.in/reversal-of-itc-in-the-absence-of-e-invoice-how-to-draft-reply-towards-show-cause-notice/458188/ The Input Tax Credit ( ITC ) mechanism is a cornerstone of the Goods and Services Tax ( GST ) regime in India.
*******Availment of Both GST ITC and Depreciation on Capital Goods: Here’s How to Draft Reply to GST Notice [Find Format Here]
Clipped from: https://www.taxscan.in/availment-of-both-gst-itc-and-depreciation-on-capital-goods-heres-how-to-draft-reply-to-gst-notice-find-format-here/442167/ The Goods and Services Tax ( GST ) regime in India aims to eliminate the cascading effect of taxes and promote a seamless
*******S. 128A GST Penalty and Interest Waiver: Find Draft Format Here
Clipped from: https://www.taxscan.in/s-128a-gst-penalty-and-interest-waiver-find-draft-format-here/437607/ The Indian GST law continues to evolve, bringing forth provisions to ease the compliance burden on taxpayers. One such provision is Section 128A
*******Impact of Supplier Default on GST Input Tax Credit Reversal
Clipped from: https://www.taxscan.in/supplier-default-gst-itc-reversal-what-businesses-need-to-know/452691/ In India, the Goods and Services Tax ( GST ) system provides a mechanism for businesses to claim Input Tax Credit ( ITC
*******SCN on Fake InvoiceSCN on Fake Invoices & Non-Existent Businesses: Find Draft Reply Format Heres & Non-Existent Businesses: Find Draft Reply Format Here
Clipped from: https://www.taxscan.in/the-issue-of-fake-invoices-and-non-existent-businesses-legal-and-practical-considerations/491461/ The issuance of fake invoices and the operation of non-existent businesses have become significant concerns under the Goods and Services Tax (GST) regime. Tax authorities
*******Provisional Bank Attachments Under GST: How to Draft Reply Notice
Clipped from: https://www.taxscan.in/legality-of-provisional-bank-attachments-under-gst-how-to-draft-reply-notice/491124/ The Goods and Service Tax ( GST ) was introduced in India for multiple assessment provisions. Tax collection and enforcement mechanisms. The provisional
***Bombay HC quashes Income Tax Order passed before Deadline to file SCN Reply
Clipped from: https://www.taxscan.in/income-tax-assessment-order-passed-hours-before-deadline-to-file-scn-reply-bombay-hc-quashes-revenue-order/520629/ The Bombay High Court recently upheld the principles of natural justice, quashing an income tax reassessment order that was passed by the department
*******Labour reforms by states have limited potential, defeat purpose: Experts | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/labour-reforms-by-states-have-limited-potential-defeat-purpose-experts-125052301572_1.html At least 20 states and UTs have amended their laws and increased the threshold for retrenchment without government approval from 100 to 300
Bhushan Steel ruling misses big picture – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/bhushan-steel-ruling-misses-big-picture/article69611410.ece In sticking to the letter of law and ordering liquidation, the SC has overlooked the consequences of its judgment The Supreme Court could
*******ITR Filing 2025: This year’s Form 16 will be more detailed don’t miss any exemption this time – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-2025-this-years-form-16-will-be-more-detailed-dont-miss-any-exemption-this-time-477337-2025-05-22 As the ITR filing deadline of July 31 nears, salaried taxpayers must keep an eye out for Form 16—now more detailed than ever.
*******ITR deadline approaches: Five mistakes to avoid while filing income tax returns – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-deadline-approaches-five-mistakes-to-avoid-while-filing-income-tax-returns-477351-2025-05-22 ITR filing deadline breach: Income below Rs 5 lakh incurs a Rs 1,000 penalty, while incomes over Rs 5 lakh may result in
*******From capital gains, business income to rent in India — NRIs must know these tax rules before filing – BusinessToday
Clipped from: https://www.businesstoday.in/nri/story/from-capital-gains-business-income-to-rent-in-india-nris-must-know-these-tax-rules-before-filing-477507-2025-05-23 Non-Resident Indians (NRIs) earning income from Indian sources must file their Income Tax Returns (ITR) in specific cases, with the deadline for FY
*******From salaried to self employed: Know which ITR form fits you to avoid costly errors before deadline – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-new-itr-forms-ay-2025-26-filing-deadlines-477516-2025-05-23 The Income Tax Department has introduced ITR forms for AY 2025-26, with filing commencing soon. Key deadlines include July 31 for individuals and
*******ITR Filing: Which ITR form is applicable for tax return filing by NRIs in 2025? – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-which-itr-form-is-applicable-for-tax-return-filing-by-nris-in-2025-3855374/ The applicability of ITR forms depends on factors such as the assessee’s sources of income, total earnings and also the category of the
*******Set off your options trading loss against LTCG from shares; your queries answered – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/set-off-your-options-trading-loss-against-ltcg-from-shares-your-queries-answered-3855435/ Explore how to set off options trading loss against LTCG, claim tax deductions on two home loans including let-out property, and understand Section
*******ITR Filing: How to File Income Tax Returns (ITR) Step by Step for Beginners
Clipped from: https://www.taxscan.in/itr-filing-how-to-file-income-tax-returns-itr-step-by-step-for-beginners/520361/ In addition to being required by law, filing your income tax return (ITR) has several important financial advantages. You must lawfully file an