Day: January 17, 2025
No penalty u/s 270A when disallowances were mentioned in Tax Audit Report but assessee by mistake not added it back to the total income. In a recent judgment, the ITAT Pune held that no penalty u/s 270A can be levied when disallowances u/s 43B were mentioned in Tax …
In District Courts instances are where even judges, particularly, in rural areas, still lack access to proper washroom facilities – Supreme Court issues directions on Toilets in Court In a recent judgment, the Hon’ble Supreme Court has directed States & UT for construction and maintenance of public toilets …
GST rate notifications to implement recommendations of 55th GST Council (Goods) MINISTRY OF FINANCE(Department of Revenue) New Delhi, the 16th January, 2025 Notification No. 01/2025- Central Tax (Rate) G.S.R. 50(E).— In exercise of the powers conferred by sub-section (1) of section 9 and sub-section (5) of section 15 …
Revised and up-to-date list of services covered under GST RCM as on 16.01.2025 Categories of supply of services where GST is to be paid on reverse charge basis Up-to-date list of services covered under GST reverse Charge Mechanism (RCM) There are two type of reverse charge scenarios provided …
GST rate notifications to implement recommendations of 55th GST Council The CBIC vide Notification No. 11/2017-Central Tax (Rate) specified central tax, on the intra-State supply of specified services. The subsequent amendments prescribed different GST rates on suppliers providing hotel accommodation at specified premises. The term “specified premises” was …