Income Tax Circulars

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  News

  16 Dec 24

  IT Department Issues Notices to Indian Residents for Undeclared Foreign ESOPs and Assets

  Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Odisha

  Income Tax Refunds Soar 46.31% to Rs 3.08 Lakh Crore in FY 2024-25 - Finance Ministry

  15 Dec 24

  Jharkhand HC: GST Credit Allowed on Delayed GSTR-3B, Directs Refund of Penalty and Interest to Petitioner

  Madras HC Allows Final Chance to Petitioner for Explaining Discrepancies Over GST Returns Mismatch

  Jharkhand HC: GST Credit Allowed on Delayed GSTR-3B, Directs Refund of Penalty and Interest to Petitioner

  14 Dec 24

  Allahabad HC: Assessee Can’t Submit Mandatory Documents After Plea Acceptance & GST Notice Issuance

  Tamil Nadu GST Authority Issues Tax Demand Notice to Indian Railway Finance Corporation (IRFC)

  MCA Dept Launches E-Adjudication Facility to Ease Business Operations

  13 Dec 24

  New Advisory on Mismatched Values Between GSTR-9 Tables 8A and 8C for FY 2023-24

  Madras HC Directs Petitioner for 25% Pre-Deposit, Treats Impugned GST Order as SCN for Fresh Hearing

  Tamil Nadu GST Authority Issues Tax Demand Notice to Indian Railway Finance Corporation (IRFC)

  12 Dec 24

  Allahabad HC: Assessee Can’t Submit Mandatory Documents After Plea Acceptance & GST Notice Issuance

  Tamil Nadu GST Authority Issues Tax Demand Notice to Indian Railway Finance Corporation (IRFC)

  MCA Dept Launches E-Adjudication Facility to Ease Business Operations

  11 Dec 24

  Madras HC Orders Fresh Hearing for R.B. Traders Due to GST Consultant’s Lapse; 90% of Disputed Tax Paid

  Budget 2025: MSME Traders Want GST Reduction, Technology Upgrades, and PLI Expansion

  10 Dec 24

  IRDAI and DFS Welcome Proposal to Lower GST Rates on Various Health Policies

  GST Dept Detects ?35,132 Crore Tax Credit Evasion; 69 Arrested, Govt Reveals

  09 Dec 24

  Gauhati HC: GST DRC-01 Summary Cannot Replace Mandatory SCN U/S 73(1) of CGST Act

  Punjab and Haryana High Court: GST Appeal Cannot Be Canceled Due to Non-payment of the Requisite Fee

  Karnataka Reports 26% Growth in Women Filing Income Tax Returns Over the Past Five Years

  02 Dec 24

  Advisory: E-Invoice Glossary and Steps

  Gross and Net GST revenue collections for the month of Nov, 2024

  CBDT Extends ITR Filing Deadline for Taxpayers u/s 92E to 15th December 2024

  01 Dec 24

  Orissa HC Stays GST Notice U/S 74 Consolidating Multiple AY, Citing Karnataka HC Ruling

  Rajasthan HC: Provisional Attachment U/S 83 of GST Act Ceases After One Year Without Fresh Justification

  30 Nov 24

  Allahabad HC: Time Extension GST Notification Apply Only from 31.03.2023 U/S 73(9) and 73(10)

  Punjab and Haryana HC Cancels I-T Notice Without Implementing Faceless Assessment U/S 144B

  Madras HC: Limitation Period for Contesting GST Assessment Orders U/S 107 Begins Upon Denial of Rectification Request

  29 Nov 24

  MCA Proposes Mediation to Reduce Burden on Operational Creditors in NCLT

  GST Notification No. 29/2024: GSTR 3B Due Date Extended for Manipur Taxpayers

  FinMin: MSME Associations Across India Welcome Revised Section 43B of Income-Tax Act

  GSTR 3B Due Date Extended for Manipur Taxpayers

  28 Nov 24

  MCA Proposes Mediation to Reduce Burden on Operational Creditors in NCLT

  MSME Associations Across India Welcome Revised Section 43B of Income-Tax Act

  27 Nov 24

  Centre Collects ?4,792 Crore GST from Coaching and Training Institutes in FY24

  Finance Ministry Announces New Amendments to GSTAT Jurisdiction

  26 Nov 24

  GST Collections on Health and Life Insurance Premiums Surge by 680 Percent in FY 2023-24

  Kerala HC: Failure to Consider Assessee’s Request for Personal Hearing Violates Principles of Natural Justice

  25 Nov 24

  Kerala HC: No Reopening of Assessment if Limitation Expired Before Timeline Extension

  Suggests 5% GST Rate on Manpower Services to Transform the Labor Market

  18 Nov 24

  GSTN Issues Important Advisory on GSTR 2B and IMS

  CBDT Launches Campaign to Help Taxpayers Report Foreign Assets and Income in AY 2024-25

  17 Nov 24

  Govt Highlights Shift in Tax Burden and Rising Taxpayer Base Over the Last Decade

  Delhi HC: Penalty for TDS Violations and SCN Issues from Previous Name Company Can Be Rectified u/s 292-B

  Gujarat HC: No Need for Certified Copy of GST Appeal Order When Accessible on Common Portal

  Over 8 Crore ITRs Filed for AY 2024-25, 74% Opt for New Tax Regime

  16 Nov 24

  Bombay HC: GST Refund Rejection Without Hearing Violates CGST Rules 92(3) and Principles of Natural Justice

  Investigation Wing to Examine Cases of JDA Landowners Who Didn’t Pay Capital Gains Tax

  Kerala HC Overturns Denial of Input Tax Credit, Citing GST Notification Under Section 16(5)

  All News

• Due Date Reminder

  Jan	Feb	Mar	Apr	May	June
  July	Aug	Sep	Oct	Nov	Dec
  All

  25 Dec 24 Deposit of GST under QRMP scheme for November .
  28 Dec 24 Return for November by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
  30 Dec 24 Deposit of TDS u/s 194-IA on payment made for purchase of property in November.
  30 Dec 24 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 24-25, where lease has terminated in November (Else TDS is to be deposited on annual basis by 30 April of next year.)
  30 Dec 24 Deposit of TDS on certain payments made by individual/HUF u/s 194M for November.
  30 Dec 24 Deposit of TDS on Virtual Digital Assets u/s 194S for November.
  31 Dec 24 Filing of Belated/ Revised Income Tax returns for AY 24-25 for all assessees if assessement not completed.
  31 Dec 24 GST Annual Return for 23-24. Mandatory if Turnover > 2 cr.
  31 Dec 24 GST Audit Report for 23-24. Mandatory if Turnover > 5 cr.
  31 Dec 24 RBI Annual Performance Report by All entities having investment outside India.
  31 Dec 24 Quarter 3 – Board Meeting of All Companies.
  31 Dec 24 Payment of membership fee for 2024-25 by ICAI Members.
  All Due Date

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