Tax News
Union Budget 2025 Key features\Finance Bill 2025 Direct Tax proposals Introduction of a scheme for determining arm’s length price of international transaction for a block period of three years. Expansion of scope of safe harbour rules to reduce litigation and provide certainty in international taxation. Rationalization of TDS/TCS for easing difficulties Tax deduction limit for […]
Clarification on various issues pertaining to GST treatment of vouchers- . Circular No. 243/37/2024-GST Dated the 31st December, 2024 References have been received from the trade and industry as well as the field formations seeking clarity on various issues with respect to vouchers such as whether transactions in voucher are a supply of goods and/or […]
Case Name:- Reserve Bank of India (GST AAR Maharashtra) Appeal Number: Advance Ruling No. GST-ARA-117 of 2022-23/2024-25/B-53 Date of Judgement/Order: 31/07/2024 (1) Shri. AJAYKUMAR V. BONDE Joint Commissioner of State Tax, (Member) (2) Ms. PRIYA JADHAV, Joint Commissioner of Central Tax, (Member) BACKGROUND: The present application has been filed under Section 97 of the Central […]
The Union Finance Minister, Smt. Nirmala Sitharaman on Tuesday, presented her Seventh consecutive budget speech. The budget focuses on four major castes namely, ‘Garib’ (Poor), Mahilayein (Women), ‘Yuva’ (Youth), and ‘Annadata’ (Farmer). Key announcements include a thorough review of the Income-tax Act, 1961 within six months, plans to digitize all major taxpayer services under GST, […]
Magazine on Tax Update Part-5 (June-2024) || Online Publication-13.07.2024 Subscription Option Available Subscription for E-GST Update Rates (Hindi) YEAR PRICE Click For Subscription (After Payment Send Receipt on What’s App Number- 8386982822) 1 Year 350/- Subscribe 2 Year 600/- Subscribe legal-Tax-Guru-small Bank Option only 2 Year Name- LTG Publication Pvt Ltd Bank- IDBI Bank Ltd Account Number:- 1278102000010362 […]
CBI ARRESTED A GST INSPECTOR The CBI apprehended an Inspector of CGST while taking a bribe of Rs. 2.50 lakh from the complainant in Rajkot. The Complainant is an authorized person of a private entity. On 03.07.2024, the Central Board of Investigation registered a case against an Inspector of CGST in Rajkot, based on allegations […]
जीएसटी काउंसिल की बैठक के नए निर्णय से मिली व्यापारियों/ कारोबारियों को राहत जीएसटी परिषद की 53वीं बैठक 22 जून 2024 को नई दिल्ली में आयोजित की गई, जो पिछली बैठक के लगभग आठ महीने बाद हुई थी। इस बैठक की अध्यक्षता नवनियुक्त केंद्रीय वित्त एवं कॉर्पोरेट कार्य मंत्री श्रीमती निर्मला सीतारमण जी ने की।लोकसभा […]
RECOMMENDATIONS: MAJOR RECOMMENDATIONS OF 53rd GST COUNCIL MEETING The 53rd GST Council met under the chairperson of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi. The meeting was also attended by the by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa and Meghalaya; Deputy Chief […]
WHAT IS GST COUNCIL AND ITS FUNCTION? The GST Council is a constitutional body and Creation of the GST Council as per Article 279A of the amended Constitution. and responsible for making recommendations on issues related to the introduction of India’s Goods and Services Tax (GST). Article 279A of the Constitution, The following individuals will […]
महत्वपूर्ण अंतिम तिथि Important Due Dates 10th मार्च 2024 जीएसटीआर-7 में काटे गये और जमा किये गये टीडीएस (TDS) का सारांश फरवरी–2024 10th मार्च 2024 जीएसटीआर–8 ई-कॉमर्स ऑपरेटरों द्वारा जीएसटी से संबंधित एकत्रित किये गए (TCS) का सारांश फरवरी –2024 11th मार्च 2024 जीएसटीआर –1 (मासिक फाइलिंग) फरवरी –2024 (सालाना 5 करोड़ रुपये […]