Tax Guru54m
Premature redemption from bond is beyond the scope of the Court: Delhi HC
Delhi High Court held that it is beyond the scope of the High Court to allow premature redemption from the bond through ...
Tax Guru1h
Time of Supply Under GST: A Critical Analysis
The forward charge rule says supply timing is when the invoice is issued or payment is made. This rule covers most GST dealings. Businesses need to keep track of these GST supply event rules to stay ...
Tax Guru1h
NFRA Recommends Auditing Standards for LLPs
On 25 November 2024, the National Financial Reporting Authority (NFRA) finalized and recommended 40 Standards on Auditing (SAs) and related Standards on Quality Management (SQMs) to the Central ...
Tax Guru1h
Appeal dismissed due to none appearance by assessee: ITAT Delhi
ITAT Delhi held that since after filing of an appeal no one appeared on behalf of the assessee. Accordingly, the appeal filed by the assessee dismissed due to none appearance by the assessee.
Tax Guru2h
Powers of Additional/Joint Commissioners amended for GST Intelligence Notices
The updated table outlines the jurisdiction and powers of Principal Commissioners and Commissioners of Central Tax across ...
Tax Guru2h
CBDT Approves SKAN Research Trust for Section 35(1)(ii) Tax Benefits
The Central Board of Direct Taxes (CBDT) issued Notification No. 121/2024, dated November 25, 2024, granting approval to SKAN Research Trust, Bengaluru, under Section 35(1)(ii) of the Income-tax Act, ...
Tax Guru2h
Magistrates Must Ensure that Guilty Pleas are Voluntary & Well-Advised: Madras HC
2. The report received from the trial Court says nothing about the issue. It has been simply stated that on the first day of ...
Tax Guru2h
ICAI Reschedules CA Foundation Exam for January 2025
It is hereby announced for general information that in view of Makar Sankranti/Bihu/Pongal festivals across India, Chartered Accountants Foundation Examination, January-2025 the said examination dtd ...
Tax Guru3h
Date of online appeal filing be considered as date of filing GST appeal for limitation
Kasturi & Sons Pvt. Ltd. Vs Additional Commissioner of GST & Central Excise (Appeals-1) (Madras High Court) Summary The Madras High Court, in Kasturi ...
Tax Guru4h
State GST Dept. Cannot Act if Central GST Dept. Has Initiated Proceedings on Same Matter
Deputy Commissioner of State Tax (W.P.A. No. 16185 of 2024), the Calcutta High Court addressed the issue of whether the State GST Department is empowered to initiate proceedings when the Central GST ...
Tax Guru4h
Impact of GST on Banking Sector: Legal & Compliance Perspectives
The GST, established with unanimous consent by the Parliament and formalized in the GST Bill of 2016, signifies a crucial ...
Tax Guru4h
Cabinet Approves PAN 2.0 Project for Taxpayer Services
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has given its approval for the PAN 2.0 Project of the Income Tax Department. The financial ...