No Interest if GST Cash Ledger Balance Sufficient even if GSTR-3B Belated - Madras HC {Full Order}

Delhi GST Systems to go Faceless: FM Atishi

Delhi Govt to implement digitalisation and Faceless systems for Goods and Services Tax Services, hints FM Atishi Finance Minister Atishi outlined the State Government’s initiative...

Telangana Commercial Taxes Department unearths illegal GST refund of ₹25.65 crore

Telangana Commercial Taxes Department has unearthed an illegal GST (Goods & Services Tax) refund of ₹25.65 crore allegedly by three firms following searches and...
Real Estate Firms Seek GST Resolution

Real Estate Firms Seek GST Resolution

In a concerted effort to address concerns surrounding Goods and Services Tax (GST) notices, prominent real estate companies have approached the Finance Ministry for...
Dream 11 Reached Massive 20 Crores Users Base Despite 28% GST Woes

Dream 11 Reached Massive 20 Crores Users Base Despite 28% GST Woes

Fantasy gaming unicorn Dream11 has clocked in 200 million registered users at a time when the real money online gaming sector is reeling under...
Central Scrutiny Cell & Online Hearings in MCA w.e.f 1st October, 2021

Central Scrutiny Cell & Online Hearings in MCA w.e.f 1st October, 2021

MCA i.e. Ministry of Corporate Affairs recently released a Press Release No. 1695473 dated 05th February, 2021 regarding the Implementation of MCA 21 Version...

Bitcoins – Income Tax, GST & International Tax Havens

Taxation of Bitcoins- Income Tax, GST, Tax Havens, Income Tax Return Disclosure and Country Wise Analysis of Tax Structure If you interested to understand the...

76 Amendments in Income Tax by Budget 2021 – Compilation of Full Details

Summary of 76 Amendments in Income Tax by Budget 2021 The provisions of Finance Bill, 2021 (hereafter referred to as "the Bill"), relating to direct...

5 Key Negative Amendments in Income Tax Hidden Between the Lines

1. Time Period to File Belated / Revised Returns Reduced by 3 Months Sub-sections (4) and (5) of section 139 of the Act contain provisions...

Budget 2021 :- Summary of All Changes in GST

Changes in GST Highlights by Budget 2021 Goods and Service Tax           Note: (a)       CGST Act, 2017 means Central Goods and Services Tax Act, 2017         ...

India Get’s A New DFI – How will it Work ?

India will set up a new development finance institution called the National Bank for Financing Infrastructure and Development, Finance Minister Nirmala Sitharaman said as...

The ERA of ‘BAD BANK’ Begins- Budget 2021’s Most BOLD Initiative

What's a Bad Bank ? - Why Markets Go Gang-Ho ! Finance minster Nirmala Sithraman on Monday, while presenting the Union Budget for 2021-21, announced that...
5 Flaws in NAA Methodology for Computing the Anti Profiteering Demands on Builders and Developers

Can Joint ITC Ledger Lead to Vast Anti Profiteering Investigation on Real Estate Developers?

Maintaining Joint ITC Register Lands Up Builder in Wider Investigation Net It is learnt recently that NAA has directed DGAP to further investigate profiteering against...