News

The Reserve Bank of India (RBI) has imposed a Monetary Penalty of Rs.32.30 lakh on Canara Bank for non-compliance with directions.

RBI imposes Monetary Penalty of Rs.32 Lakh on Canara Bank for non-compliance with directions

The Reserve Bank of India (RBI) has imposed a Monetary Penalty of Rs.2 Crore on the State Bank of India for Violation of Rules.

RBI imposed Rs.2 Crore Monetary Penalty on SBI for Violation of Rules

As per e-Verification Scheme-2021 Income Tax Department has identified certain mismatches between third party information on interest and dividend income, and the Income Tax Return (ITR) filed by taxpayers and communicate them through SMS and emails.

IT-Department clarification on bulk ITR and 3rd-party information mismatch intimation received by Taxpayers

Judgement

The Allahabad HC held that No Penalty for Non-Filing of Part-B of E-Way Bill without any intention to evade tax.

No Penalty for Non-Filing of Part-B of E-Way Bill without any intention to evade tax [Read HC Order]

The GST enforcement wing of Chhattisgarh conducted raids on enterprises in the Urla and Siltara areas.

GST Enforcement Wing of Chhattisgarh cracks down on Tax Evasion

The Madras HC stated that ITC cannot be reversed solely on the basis of auto-populated Credit Note in Form GSTR-2A.

ITC cannot be reversed solely on the basis of auto-populated Credit Note in Form GSTR-2A [Read Order]

One Stop Solution For CA CS CWA Direct Indirect Tax GST Business News