Reporting of GST details in FORM 3CD under Income Tax Section 44AB of the Income Tax Act,1961 requires specified persons to furnish Tax Audit Report in Form 3CD. While Form 3CD requires taxpayers to furnish basic details like GSTIN, balance lying in Electronic Credit...
CBIC issues guidelines on re-opening of GST Portal to file / revise claims of transitional credits We apprised you that the Government had sought 4 weeks extension from the Supreme Court to re-open GST Portal for filing / revising TRAN-1 / TRAN-2. GST Portal will now...
Commencement of DGGI investigation on levy of GST on secondment arrangements We updated you on landmark Supreme Court judgement in the case of CC,CE&ST v. Northern Operating Systems Private Limited, 2022-VIL-31-SC-ST. In this case, the Court disregarded...
Supreme Court extends re-opening of GST Portal by 4 weeks, Bombay High Court directed CBIC to clarify transition of credit for ISD With reference to trail mail, we wish to inform you that the Supreme Court has extended the timeline for re-opening of GST Portal for...
Findings of CAG Audit Report on GST issues for 2020-21 The Comptroller and Auditor General of India (‘CAG’) has released its report on Indirect Taxes for 2020-21, focusing on issues involving levy and collection of GST (Report No. 5 of 2022). This report broadly...
National Anti-profiteering Authority investigating increase in price of various products due to increase in GST rates Several news reports indicate investigations being undertaken by National Anti-Profiteering Authority (‘NAA’) against various Companies for...
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