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Indirect Tax News

GST Council’s 50th meeting took important decisions held on 11/07/2023

A summary of the decisions taken are presented below – “The site is for information purposes only and does not provide legal advice of any sort. Viewing this site, receipt of information contained on this site, or the transmission of information from or to this site does not constitute an attorney-client relationship. The information on […]

Indirect Tax News

GSTN’s Geocoding Functionality is now live – One Time Activity

The GSTN vide Advisory dated July 07, 2023 has issued an Important Update on Geocoding Functionality Now Live for All States and Union Territories. GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories. This feature, which converts an address or description of […]

Indirect Tax

Restoring GSTIN after it has been cancelled will not result in late fees for filing returns.

M/s. Modicum Enterprise (OPC) Private Limited v. Deputy Commissioner of State Tax/Assistant Commissioner of State Tax [M.A.T No. 1828 of 2022 with I.A. No. CAN 1 of 2022 dated December 22, 2022] The Hon’ble Calcutta High Court has held that the assessee cannot be penalized by demanding a late fee under Section 47 of the […]

Direct Tax

TDS not deposited by Employer shall be allowed in intimation u/s 143(1)

Mukesh Padamchand Sogani vs Assistant Commissioner of Income Tax [ITA No.29/PUN/2022] Where a sum of Rs. 8.21 lakhs was duly deducted at source by the employer from salaries credited/paid to the assessee for the year under consideration, the benefit of such tax deducted at source had to be allowed in intimation under section 143(1), notwithstanding […]

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