GST e-invoicing turnover threshold reduced to Rs. 20 Crores from Rs. 50 crores. Now, GST e-invoicing mandatory if turnover exceeds Rs. 20 Crores instead of Rs. 50 crores w.e.f. 01.04.2022. CBIC has issued Notification No. 01/2022 –Central Tax dated 24.02.2022 lowering the turnover threshold for issue of GST …

Krishi Upaj Mandi Samiti liable to service tax on renting of immovable property prior to Negative List Regime. These activities are not their mandatory/statutory duty – SC ABCAUS Case Law Citation ABCAUS 3585 (2022) (02) SC In the instant case a Civil Appeal was filed by the Krishi …

Addition for cash deposit in bank set aside where AO accepted the turnover under presumptive taxation ABCAUS Case Law CitationABCAUS 3584 (2022) (02) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the addition on account of unexplained cash deposited …

RBI cautions public against Prepaid Payment Instruments (non-closed) issued by sRide through its car-pooling app  RBI in its latest advisory has cautioned public of the risk in dealing with sRide car-pooling app.  RBI cautions public against sRide app The RBI has observed that sRide Tech Private Limited, a …

Reassessment proceedings without sending Inspector to serve notice personally or by affixture where notice served by speed post was returned by Postal Authorities ABCAUS Case Law CitationABCAUS 3583 (2022) (02) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the …

GST Refund Help Desk with Toll Free Helpline Number set up by CBIC Setup of ‘GST Refund Help Desk’ in the office of Pr. CCA, CBIC The office of Pr. CCA, CBIC has setup a ‘GST Refund Help Desk’ for addressing payment related problems faced by the taxpayers. …