-
SCN Reply - Writ Petition for quashing of SCN issued without DIN
Subject: Writ Petition for Quashing Show Cause Notice No. [SCN Number] dated [SCN Date] for the Financial Year [20XX-XX]Ref: [Name of Individual/Firm/Company] - GSTIN: [GSTIN Number]Respected Sir/Mada...
-
SCN Reply - Rectification of IGST Input Tax Credit Wrongly Claimed under CGST and SGST
Subject: Rectification of IGST Input Tax Credit Wrongly Claimed under CGST and SGSTDate: [DD/MM/YYYY]To, The Jurisdictional Officer, [Address]Respected Sir/Madam,We, M/s [Company Name], having GST Reg...
-
Power of Inspection, Search, and Seizure under GST.
Power of Inspection, Search, and Seizure under GST 1. Introduction Section 67 of the Central Goods and Services Tax (CGST) Act, 2017 provides the legal framework for authorities to exercise the power...
-
CPC Bangalore Income tax department to observe grievance redressal month
Introduction: CPC Bangalore Income Tax Department observes a grievance redressal month, facilitating public submissions via various channels. Learn about the process, officer details, and the efficien...
-
Refunds of ITC on Zero-Rated Supplies Made Under LUT/Bond.
Refunds of ITC on Zero-Rated Supplies Made Under LUT/BondIntroduction A registered person can make zero-rated supplies of goods or services with payment of GST or without payment of GST under a Letter...
-
Procedure to Claim Refund under GST: A Step-by-Step Guide.
Procedure to Claim Refund under GST: A Step-by-Step GuideIntroduction A person claiming a refund of tax, interest, or any other amount under GST must comply with the specified procedure laid down in t...
-
IGST Refund on Zero-Rated Supplies (Other Than Export of Goods).
IGST Refund on Zero-Rated Supplies (Other Than Export of Goods)Introduction Under the GST law, a supplier can make zero-rated supplies of goods or services with payment of IGST or without any payment...
-
General Conditions and Restrictions Relating to GST Refund.
General Conditions and Restrictions Relating to GST RefundIntroduction Claiming a refund under the GST laws is subject to certain general conditions and restrictions. These include filing the refund a...
-
Examining Deemed Exports under GST: Provisions and Refund Procedure.
Examining Deemed Exports under GST: Provisions and Refund Procedure Introduction Deemed exports under GST differ from regular exports as they are not treated as zero-rated supplies. Instead, the suppl...
-
Refunds under GST: Provisions, Procedures, and Practical Insights.
Refunds under GST: Provisions, Procedures, and Practical InsightsIntroduction Refund, in its general sense, refers to the payment of any amount back to the person who has paid it earlier. The GST law...
-
SEBI Consultation Paper: Price Discovery Framework for Listed Investment Companies
Introduction: The Securities and Exchange Board of India (SEBI) has released a consultation paper on the “Framework for Price Discovery of Shares of listed Investment Companies & listed Investment Hol...
-
Tax Implications of Agricultural Land Sale in India
OverviewIn India, agricultural land serves not only as a critical component of the agricultural sector but also represents a considerable asset class for tax purposes. The Income Tax Act, 1961 differe...
-
SCN Reply - : Reply to Show Cause Notice u/s 272A(1)(d) of the Income Tax Act, 1961
Subject: Reply to Show Cause Notice u/s 272A(1)(d) of the Income Tax Act, 1961Respected Sir/Madam,This is in response to the Show Cause Notice issued under Section 272A(1)(d) of the Income Tax Act, 19...
-
SCN Reply - Difference in Supplies Made Through E-Way Bill and GSTR-1
Date: [DD/MM/YYYY]To, The Jurisdictional Officer, [Address]Subject: Reply to Show Cause Notice Regarding Difference in Supplies Made Through E-Way Bill and GSTR-1Respected Sir/Madam,We, [Company Name]...
-
SCN Reply - Reply to Show Cause Notice for Reversal of ITC availed on Non-Business Transactions & Exempt Supplies
Date: [DD/MM/YYYY]To, The Jurisdictional Officer, [Address]Subject: Reply to Show Cause Notice for Reversal of ITC availed on Non-Business Transactions & Exempt SuppliesRespected Sir/Madam,This is in...
-
Enhancing GST Compliance: A Closer Look at Physical Verification Post-Aadhaar Authentication.
Enhancing GST Compliance: A Closer Look at Physical Verification Post-Aadhaar AuthenticationIntroductionThe procedure for registering under the Goods and Services Tax (GST) in India has incorporated s...
-
Notice inviting comments, by MCA, on review of rules prescribed under IBC 2016
The Ministry of Corporate Affairs (MCA) has initiated a significant step toward enhancing the regulatory framework under the Insolvency and Bankruptcy Code, 2016 (IBC). With the aim of ensuring robust...
-
New FVUs and Return Preparation Utility for e-TDS/TCS Statements
Release of File Validation Utilities (FVUs) and Return Preparation Utility for e-TDS/TCS Statements File Validation Utility (FVU) e-TDS / e-TCS returns prepared for FY 2005-06 and onwards (i.e. Forms...
-
CBDT signs record 125 Advance Pricing Agreements (APAs) in FY 2023-24
In a significant development for India’s tax landscape, the Central Board of Direct Taxes (CBDT) has achieved a remarkable milestone by signing 125 Advance Pricing Agreements (APAs) during the fiscal...
-
Representation on deficiency in GST Portal functioning
On the 10th and 11th of April 2024, the All Gujarat Federation of Tax Consultants (AGFTC) and the Income Tax Bar Association (ITBA), Ahmedabad, encountered significant challenges with the GST portal’s...