Reopening on ‘Borrowed Satisfaction’ Instead of ‘Independent Satisfaction’ is Unlawful

https://taxguru.in/income-tax/reopening-based-borrowed-satisfaction-independent-satisfaction-bad-in-law.html Clipped from: https://taxguru.in/income-tax/reopening-based-borrowed-satisfaction-independent-satisfaction-bad-in-law.html Paresh Babubhai Bahalani Vs ITO (Gujarat High Court) Gujarat High Court held that reopening of assessment under section 147 of the Income

No ITC on Solar Panel Goods/Services for Installation: AAAR Tamil Nadu 

https://taxguru.in/goods-and-service-tax/itc-solar-panel-goods-services-installation-aaar-tamil-nadu.html Clipped from: https://taxguru.in/goods-and-service-tax/itc-solar-panel-goods-services-installation-aaar-tamil-nadu.html In re VBC Associates (GST AAAR Tamil Nadu) Introduction: The Appellate Authority for Advance Ruling (AAAR) in Tamil Nadu recently addressed the eligibility

Faceless scrutiny assessment under GST may take some time: GSTN official

https://www.business-standard.com/finance/news/faceless-scrutiny-assessment-under-gst-may-take-some-time-gstn-official-123112200600_1.html Clipped from: https://www.business-standard.com/finance/news/faceless-scrutiny-assessment-under-gst-may-take-some-time-gstn-official-123112200600_1.html The faceless assessment — under which there is no physical interaction between the tax officer and the assessee and no physical submission

Last Date for Input Tax Credit Availment and Correction: Ensure Compliance via GSTR-3B Filing

Clipped from: https://www.taxscan.in/last-date-for-input-tax-credit-availment-and-correction-ensure-compliance-via-gstr-3b-filing/344564/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Last%20Date%20for%20Input%20Tax%20Credit%20Availment%20and%20Correction:%20Ensure%20Compliance%20via%20GSTR-3B%20Filing The due date for compliance with respect to the Input Tax Credit (ITC) availed and reversal of unutilised or ineligible ITC availed is

Failure to Discharge Burden u/s 155 of CGST Act to Prove Eligibility on ITC Claim: Kerala HC Dismisses Writ Petition

Clipped from: https://www.taxscan.in/failure-to-discharge-burden-u-s-155-of-cgst-act-to-prove-eligibility-on-itc-claim-kerala-hc-dismisses-writ-petition/344304/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Failure%20to%20Discharge%20Burden%20u/s%20155%20of%20CGST%20Act%20%20to%20Prove%20Eligibility%20on%20ITC%20Claim:%20Kerala%20HC%20Dismisses%20Writ%20Petition The Kerala High Court dismissed the writ petition on failure to discharge the burden under section  155 of the Central Goods and Services

Industry should not seek tax exemption, says CBIC chief Agrawal – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/industry-should-not-seek-tax-exemption-says-cbic-chief-agrawal/article67513716.ece Clipped from: https://www.thehindubusinessline.com/economy/industry-should-not-seek-tax-exemption-says-cbic-chief-agrawal/article67513716.ece If there is need for simplification, then there should not be demand for exemption: Agrawal Central Board of Indirect Taxes & Customs

Over 100,000 small and mid-sized firms flout GST e-invoicing rules

https://www.business-standard.com/economy/news/over-100-000-small-and-mid-sized-companies-flout-e-invoicing-norms-123110901208_1.html Clipped from: https://www.business-standard.com/economy/news/over-100-000-small-and-mid-sized-companies-flout-e-invoicing-norms-123110901208_1.html The e-invoicing mechanism helps improve compliance and transparency in sales reporting, minimising errors and mismatches, and automating data entry Listen to This

GST exemptions disrupt input tax credit chain, will complex GST: CBIC chief

https://www.business-standard.com/economy/news/gst-exemptions-disrupt-input-tax-credit-chain-will-complex-gst-cbic-chief-123110801335_1.html Clipped from: https://www.business-standard.com/economy/news/gst-exemptions-disrupt-input-tax-credit-chain-will-complex-gst-cbic-chief-123110801335_1.html Indirect tax authorities to send intimation to businesses not complying with e-invoicing rules Representative Image Exemptions or lower rate of taxation sought

GST authorities raid Aviva Life Insurance over tax evasion allegations – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/gst-authorities-raid-aviva-life-insurance-over-tax-evasion-allegations/article67531678.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/gst-authorities-raid-aviva-life-insurance-over-tax-evasion-allegations/article67531678.ece Executives, including Aviva’s CEO and CFO, faced questioning amidst a broader probe into insurers accused of $610 million in unpaid dues due

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