AO not being an expert of accounts, having regard to complexity of business of the assesse was duty bound to invoke & direct a special audit u/s 142(2A) of the Act.  In a recent judgment ITAT Panji has set aside assessment making ad hoc estimation of gross profits …

GSTN Advisory on reporting values in Table 3.2 of GSTR-3B GSTN has issued an advisory cum FAQs on reporting values in Table 3.2 of GSTR-3B from April 2025 tax period 1. Table 3.2 of Form GSTR-3B captures the inter-state supplies made to unregistered persons, composition taxpayers, and UIN …

Seller is not responsible for verification of Form 27C for obtaining goods without Collection of Tax at Source if it is duly filed in and signed by the declarant and forwarded within the prescribed time limit  In a recent judgment, the Hon’ble Jharkhand High Court has declined to …

Chamoli Zila Shakari Bank Limited, Gopeshwar has invited Expression of Interest from Chartered Accountant Firms for Concurrent Audit, IS Audit and GST Audit. Chamoli Zila Shakari Bank, Gopeshwar has invited Expression of Interest from Chartered Accountant Firms for Concurrent Audit, IS Audit and GST Audit. At present the …

Karnataka Vikas Grameena Bank invites application for concurrent audit from Chartered Accountant Firms for FY 2025-26 Karnataka Vikas Grameena Bank is a leading Regional Rural Bank owned by Government and Sponsored  by Canara Bank, having 629 branches across Dharwad, Belagavi, Haveri, Gadag, Bagalkot, Vijayapur, Udupi, Uttara Kannada and …

TCS provisions are not applicable to timber being sized, sawn into logs of different dimensions and shapes in activities carried on saw mills authorised by the Government. In a recent order, the Hon’ble Supreme Court dismissed the SLP of the Income Tax Department against the judgment of the …