Judgement

ITAT condones delay and allows exemption under Section 11, correcting CPC’s error in taxing gross receipts.

ITAT Condones Delay and Grants Exemption Under Section 11, Overturning CPC’s Denial

Articles

Here's a breakdown of who must file GSTR-9 and GSTR-9C based on aggregate annual turnover.

Annual GST Compliance: Applicability of GSTR-9 and GSTR-9C

News

GSTN has issued Rule 37A notices directing taxpayers to reverse ITC for FY 2024-25 where suppliers uploaded invoices but failed to file GSTR-3B.

GSTN Flags ITC Mismatch: Rule 37A Triggers Major ITC Reversal Drive for FY 2024-25

During the inquiry under section 206(4) of the Companies Act, it was found that the auditor had failed to point out or report some problems or violations noticed during the year 2020-21 in the reports

MCA Imposes Penalty on Big4 Auditor for Non-Disclosure of Key Violation

Sai Life Sciences receives an IGST demand order and plans to seek rectification, expecting no major financial impact on the company.

Sai Life Sciences Faces IGST Demand of Rs. 70.15 Lakh, Plans Rectification With No Major Financial Impact

ITAT Bangalore held that Fees for Technical Services cannot be taxed in India when the India-UAE DTAA does not contain an FTS clause and the assessee has no Permanent Establishment.

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ITAT Condones Delay and Grants Exemption Under Section 11, Overturning CPC’s Denial

Annual GST Compliance: Applicability of GSTR-9 and GSTR-9C

GSTN Flags ITC Mismatch: Rule 37A Triggers Major ITC Reversal Drive for FY 2024-25

MCA Imposes Penalty on Big4 Auditor for Non-Disclosure of Key Violation

Sai Life Sciences Faces IGST Demand of Rs. 70.15 Lakh, Plans Rectification With No Major Financial Impact

FTS Can't Be Taxed in India Without a Specific DTAA Clause Unless Company Possesses a PE in India