https://taxguru.in/income-tax/section-43b-h-limitation-period-section-15-msmed-act.html Clipped from: https://taxguru.in/income-tax/section-43b-h-limitation-period-section-15-msmed-act.html Introduction: The Micro, Small, and Medium Enterprises Development (MSMED) Act plays a pivotal role in defining the operational and financial dynamics between buyers
Category: Seven Star
👍👍👍👍👍👍👍Service Tax cannot be Demanded on Sole basis of Information from ITR and Form 26AS: CESTAT
Clipped from: https://www.taxscan.in/service-tax-cannot-be-demanded-on-sole-basis-of-information-from-itr-and-form-26as-cestat-read-order/380190/ Service tax cannot be demanded on sole basis of information from ITR and Form 26AS, rules CESTAT By Kalyani B. Nair – On March 5, 2024
👍👍👍👍👍👍👍GST Officer Ignores Taxpayer’s Reply – Delhi HC Orders Re-adjudication
https://taxguru.in/goods-and-service-tax/gst-officer-ignores-taxpayers-reply-delhi-hc-orders-re-adjudication.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-officer-ignores-taxpayers-reply-delhi-hc-orders-re-adjudication.html Arrow Aircraft Sales and Charters Private Limited Vs Sales Tax Officer (Delhi High Court) Introduction: In a recent judgment, the Delhi High Court has
👍👍👍👍👍👍👍AAR and AAAR Weekly Round Up
Clipped from: https://www.taxscan.in/aar-and-aaar-weekly-round-up-34/379743/ This roundup analytically summarizes the stories related to the Goods and Services Tax Authority for Advance Ruling ( AAR ) and Appellate Authority
👌👌👌👌👌👌👌Service tax demands cannot be imposed solely on ITR/26AS statements: CESTAT Hyderabad
https://taxguru.in/service-tax/service-tax-demands-imposed-solely-itr-26as-statements-cestat-hyderabad.html Clipped from: https://taxguru.in/service-tax/service-tax-demands-imposed-solely-itr-26as-statements-cestat-hyderabad.html Gopi Chenna Vs Commissioner of Central Tax Medchal – GST (CESTAT Hyderabad) Introduction: The CESTAT Hyderabad recently passed a crucial order on two
👌👌👌👌👌👌👌Failure to Respond on SCN due to Missing Receipt of Notice from GST Portal: Delhi HC directs Re Adjudication
Clipped from: https://www.taxscan.in/failure-to-respond-on-scn-due-to-missing-receipt-of-notice-from-gst-portal-delhi-hc-directs-re-adjudication/378126/ The Delhi High Court directed re-adjudication as the failure to respond to Show Cause Notice ( SCN ) was due to a missing
👌👌👌👌👌👌👌Delhi HC Sets Aside Order Due to GST SCN sent on wrong Email Address
https://taxguru.in/goods-and-service-tax/delhi-hc-sets-aside-order-due-gst-scn-sent-wrong-email-address.html Clipped from: https://taxguru.in/goods-and-service-tax/delhi-hc-sets-aside-order-due-gst-scn-sent-wrong-email-address.html Babaji Bags A Proprietary Firm Vs Union of India (Delhi High Court) In a recent development, the Delhi High Court has overturned
👌👌👌👌👌👌👌Section 80P Deduction not eligible on FDR Interest from Bank of Baroda: ITAT Ahmedabad
https://taxguru.in/income-tax/section-80p-deduction-eligible-fdr-interest-bank-of-baroda-itat-ahmedabad.html Clipped from: https://taxguru.in/income-tax/section-80p-deduction-eligible-fdr-interest-bank-of-baroda-itat-ahmedabad.html Matar Taluka Local Board Teachers Co-operative Credit Society Ltd. Vs DCIT (ITAT Ahmedabad) Introduction: In a significant ruling by the Income Tax Appellate
👌👌👌👌👌👌👌Service Tax demand merely on Form 26AS Not Sustainable: CESTAT Kolkata
https://taxguru.in/service-tax/service-tax-demand-based-form-26as-sustainable-cestat-kolkata.html Clipped from: https://taxguru.in/service-tax/service-tax-demand-based-form-26as-sustainable-cestat-kolkata.html Rishu Enterprise Vs Commissioner of CGST & Excise (CESTAT Kolkata) Introduction: The case of Rishu Enterprise vs. Commissioner of CGST & Excise, heard
E-invoice Compliance under GST: Changes and Implementation
https://taxguru.in/goods-and-service-tax/e-invoice-compliance-gst-changes-implementation.html Clipped from: https://taxguru.in/goods-and-service-tax/e-invoice-compliance-gst-changes-implementation.html Introduction: Discover the recent changes in e-invoice compliance under GST with the Central Board of Indirect Taxes reducing the turnover limit to Rs.5.00
Amendment in Section 43B: Impact on MSME Payments and Tax Liability
https://taxguru.in/income-tax/section-43b-amendment-msme-payments-tax-liability.html Clipped from: https://taxguru.in/income-tax/section-43b-amendment-msme-payments-tax-liability.html Introduction: Section 43B of the Income Tax Act, 1961, underwent a significant amendment through the Budget 2023, introducing Clause(h). This clause focuses on
Understanding Section 22 of GST Act 2017: Registration Requirements
https://taxguru.in/goods-and-service-tax/section-22-gst-act-2017-registration-requirements.html Clipped from: https://taxguru.in/goods-and-service-tax/section-22-gst-act-2017-registration-requirements.html Introduction: Section 22 of the GST Act, 2017 outlines the registration requirements for suppliers. This article delves into the meaning, definition, and analysis
Demystifying Section 43B: MSME Payment Deductions & Union Budget 2023
https://taxguru.in/income-tax/demystifying-section-43b-msme-payment-deductions-union-budget-2023.html Clipped from: https://taxguru.in/income-tax/demystifying-section-43b-msme-payment-deductions-union-budget-2023.html Latest Important Amendment in Section 43B of Income Tax Act related to MSME (Small and Micro) vide insertion of Clause (h) to
Section 43B Amendment: MSME Dues Disallowance Post Budget, 2023
https://taxguru.in/chartered-accountant/section-43b-amendment-msme-dues-disallowance-post-budget-2023.html Clipped from: https://taxguru.in/chartered-accountant/section-43b-amendment-msme-dues-disallowance-post-budget-2023.html Amendment in Section 43B of Income Tax Act, 1961 (Certain expenses to be allowed on payment basis) by insertion of new clause
Study on MSME – A Game Changer
https://taxguru.in/income-tax/study-msme-game-changer.html Clipped from: https://taxguru.in/income-tax/study-msme-game-changer.html Introduction All Business Enterprises, whether commercial or non-commercial, commence their activities in a bootstrapped manner. Over the years, with their vision, persistent
E-Invoicing under Indian GST Law
https://taxguru.in/goods-and-service-tax/e-invoicing-indian-gst-law.html Clipped from: https://taxguru.in/goods-and-service-tax/e-invoicing-indian-gst-law.html Introduction: E-invoicing under the Indian GST law is a concept which is similar to e-way bill where the details of the tax
MSME Payments under Section 43B(h): Deductions on Actual Payment
Read more at: https://taxguru.in/income-tax/msme-payments-section-43bh-deductions-actual-payment.htmlCopyright © Taxguru.in https://taxguru.in/income-tax/msme-payments-section-43bh-deductions-actual-payment.html Clipped from: https://taxguru.in/income-tax/msme-payments-section-43bh-deductions-actual-payment.html Payment to MSME in Section 43B(h) Income Tax Certain deductions to be only on actual payment Introduction: The
Fine over high fee, 16 years age limit: New coaching centre norms explained
https://www.business-standard.com/education/news/fine-over-high-fee-16-years-age-limit-new-coaching-centre-norms-explained-124011900218_1.html Clipped from: https://www.business-standard.com/education/news/fine-over-high-fee-16-years-age-limit-new-coaching-centre-norms-explained-124011900218_1.html The development follows amid increasing cases of suicides by students in Rajasthan’s Kota and elsewhere, stemming from a mental-health epidemic due to
Handling Show Cause Notices under Section 73-74 of GST: A Comprehensive Guide
https://taxguru.in/goods-and-service-tax/handling-show-cause-notices-section-73-74-gst-comprehensive-guide.html Clipped from: https://taxguru.in/goods-and-service-tax/handling-show-cause-notices-section-73-74-gst-comprehensive-guide.html Introduction All of us must be aware that the State Governments had issued Show Cause Notices in form DRC-01 under section 73/74
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