Tax Guru20h
Section 34: Understanding Credit Notes in GST
There is no legal restriction on the time of issuing a credit note; however, it must be reported in GST returns within a specified period, typically by November 30 of the following financial year or ...
Tax Guru23h
Orissa HC Quashes GST Demand Order for Apparent Assessment Error
Orissa High Court set aside the GST demand order against Kalishankar Sahoo for the financial year 2019-20, citing reassessment concerns. The petitioner argued that the scrutiny report dated March 23, ...
April 1 deadline looms: From tax slabs, new pension rules to UPI shutdowns, here’s what changes for your money
Unveiled during the Union Budget 2025 by Finance Minister Nirmala Sitharaman and followed by a series of announcements, these ...
The Financial Express3h
Financial Rule Changes from April 1: Tax relief, UPI deactivation, PAN-Aadhaar impact and more
Among the major financial and tax changes are no income tax on annual income up to Rs 12 lakh, deactivation of UPI for mobile ...
‘Erroneous and frivolous’: IndiGo after I-T department imposes ₹944 crore penalty; airline to challenge order
IndiGo said it will contest a ₹944.20 crore penalty from the Income Tax Department, which it called erroneous. The company ...
IndiGo hit with Rs 944 crore tax penalty, calls order ‘erroneous and frivolous’
According to IndiGo, the penalty was imposed by the Assessment Unit of the Income Tax Department, while an additional fine of ...
Businesses Can Be Forced To Spend Rs 1.5 Lakh For Deploying New GST Invoice System
The government is gearing up to introduce the Invoice Management System (IMS) under the GST framework, aiming to enhance tax ...