News

The CBDT has officially announced the release of Annual Information Statement (AIS) utility designed for Mac OS on the income tax portal, effective December 1, 2023.

Annual Information Statement utility for Mac OS now available on Income Tax Portal

A minimum of 6 digits of the HSN code would be required in e-invoices for taxpayers with an AATO of Rs. 5 crore.

E-Invoice: 6 Digit HSN mandatory for taxpayers whose AATO is above 5Cr

Judgement

The High Court of Delhi has quashed the  Income Tax Reassessment Proceedings Made Without Application of Mind.

High Court Quashes Income Tax Reassessment Proceedings Made Without Application of Mind

RBI has cancelled the licence of “Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Ichalkaranji, Kolhapur”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on December 04, 2023.

RBI cancels License of Sahakari Bank; Know Reason

The Andhra Pradesh High Court quashed the GST order without signatures.

High Court quashes GST Order without Signatures

A similar event, involving the smuggling of gold worth a large quantity from Dubai to India which is concealed in dishwashing powder, has lately attracted international notice.

Custom Officials seized Gold worth Rs. 26 Lakh concealed in Detergent at Hyderabad Airport

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