Tax Guru2h
Failure to Collect Samples During Inspection: Orissa HC Quashes GST Order for Procedural Lapse
The court focused on the revenue’s omission to collect samples during the initial inspection, despite having the authority to do so under Section 154 of the Orissa Goods and Services Tax Act, 2017.
Tax Guru2h
GST Notices uploaded in Wrong Tab on Portal: Allahabad HC Sets Aside Order
1. This petition is directed against order dated 30.11.2023 passed by the Assistant Commissioner, State Tax, Sector-2, Karli, Chitrakoot under Section 73 of the Goods and Services Tax Act, 2017 (for ...
Tax Guru15h
Common Mistakes to Avoid in LLP Annual Return Filing
Running a Limited Liability Partnership (LLP) comes with legal responsibilities, and one of the key ones is LLP Annual Return Filing. While the process is simple, many companies still make common ...
Tax Guru15h
Form 29B & 29C: Audit Reports for Computing MAT & AMT under Income Tax Act
Income Tax Audit Report Under Section 115JB Form 29B computing book profits for companies under Minimum Alternate Tax – MAT.
Tax Guru16h
AAR Tamil Nadu Dismisses GST Rate Query on Reimbursement as Applicant Not Supplier
In Re Isro Propulsion Complex (GST AAR Tamilnadu) he Tamil Nadu Authority for Advance Rulings (AAR) has declined to issue a ...
Tax Guru16h
Housekeeping & Support Services to Govt. Hospitals Exempt under GST: AAR Tamilnadu
1. Any appeal against this Advance Ruling order shall lie before the Tamil Nadu State Appellate Authority for ‘Advance Ruling ...
Tax Guru16h
Onion Market Fee: GST Exemption for Municipality
> M/s Tiruppur Municipal Corporation is a Municipality as defined under clause (e) of article 243P of the Constitution and ...
Tax Guru16h
GST AAR Tamilnadu: Tapioca Flour Ruling Stands, No Rectification
The Tamil Nadu Authority for Advance Ruling (AAR) rejected V.S. Trading Company’s application for rectification of an earlier ...
Tax Guru16h
Revenue Reporting Challenges Under Ind AS 115: Key Findings
Example: A service delivery company undertakes a long-term project for ₹1 crore and agrees to be paid based on labour hours worked. If the total expected hours are 1,000 and 400 hours have been worked ...
Tax Guru17h
SEBI Clarifies Compliance Officer Hierarchy Rule
SEBI examined the intent and terminology used in the LODR Regulations, distinguishing between the terms “level” (which refers to organizational hierarchy) and “reporting” (which indicates lines of ...
Tax Guru17h
SEBI Clarifies Compliance Officer Level Under LODR
The Securities and Exchange Board of India (SEBI) addressed Pakka Limited’s query regarding the compliance officer’s position under the LODR Regulations. Pakka Limited sought clarification on whether ...
Tax Guru17h
DPIIT Revises IEM Eligibility for Large Industries
Under the new guidelines, enterprises will now be eligible for IEM acknowledgment if they have an investment in plant and machinery or equipment exceeding ₹125 crore, or an annual turnover exceeding ...