Tuesday, 21 December 2021 / Published in CBIC, GST, News & Updates
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 38/2021 – Central Tax [G.S.R. 875(E)] dated 21st December, 2021 notifies the 01st of January 2022 as the date from which the provisions of sub-rule (2), sub-rule (3), clause (i) of sub-rule (6) and sub-rule (7) of rule 2 of the Central
Tuesday, 21 December 2021 / Published in Judgments
The ITAT Bangalore held in the case of Skava Electric Pvt. Ltd, that assessee would be entitled to deduction of employees’ contribution to PF and ESI provided that the payments were made prior to the due date of filing of the return of income u/s 139(1) of the Income Tax Act, 1961. It was further
Monday, 20 December 2021 / Published in Income Tax
The concept of marginal relief is designed to provide relaxation from levy of surcharge to a taxpayer where the total income exceeds marginally above Rs. 50 lakh, Rs. 1 crore, Rs. 2 crore, Rs. 5 crore or Rs. 10 crore, as the case may be. Thus, while computing surcharge, in case of taxpayers (i.e. Individuals/HUF/AOP/BOI/artificial
Monday, 20 December 2021 / Published in Judgments
In the recent case The Hon’ble Supreme Court of India in Union of India & Ors. v. Aap and Company [Civil Appeal No(s). 5978/2021 dated December 10, 2021] reversed the judgment of the Hon’ble Gujarat High Court, ruling that FORM GSTR-3B is not a return under Section 39 of the Central Goods and Services Tax Act, 2017 (“the
Monday, 20 December 2021 / Published in Judgments
In the recent case of Ashok Kumar Meher v. Commissioner of Sales Tax & GST, Odisha, Cuttack & Ors. [W. P. (C) No. 12763 of 2021 dated December 1, 2021] The Hon’ble Orissa High Court directed the Revenue Department to either modify the GST portal to facilitate the filing of TRAN-1 to claim the ITC
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