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  News

  12 Sep 24

  E-Invoicing System to Enable GST Refunds for Foreign Tourists

  Top IT Firms TCS, Infosys, Tech Mahindra Hit with Wave of GST Notices Across Multiple States

  Ram Temple Construction in Ayodhya to Generate Rs 400 Crore in GST Revenue: Champat Rai

  Educational Institutions Receive GST Exemption on Research Grants

  Delhi ITAT: No Need to Maintain Books of Account for An Agriculturalist U/S 44AA to Claim Tax Exemption U/S 10(1)

  Delhi HC: IT Assessment Can’t Be Re-opened Without Any Evidentiary Material U/S 148

  11 Sep 24

  GST Exemption Granted for Research Grants to Educational Institutions

  Deputy CM Bhatti Urges Reduction in GST on Insurance Premiums for Senior Citizens

  54th Council Proposes the Removal of GST Rules 96(10), 89(4A), and 89(4B) for Exporters

  More Namkeens at the Same Rate, Center Slashes GST Rate to 12% from 18%

  10 Sep 24

  Payment Firms Hit with GST Demand for Transactions Under Rs 2000: Report

  Gujarat HC: Delayed Filing of 10-IC Form Won’t Affect Reduced Tax Rate if Conditions of Section 115BAA Are Met

  54th GST Council Meet Recommends IMS and New Ledgers to Streamline ITC Claims

  54th GST Council Meeting: Changes/Clarifications in GST Tax Rates

  54th GST Council Meeting: Key Recommendations on Trade Facilitation and GST Compliance

  09 Sep 24

  Payment Firms Hit with GST Demand for Transactions Under Rs 2000: Report

  FM Urges Industry to Leverage PLI Schemes for Accelerated Investments

  Lower GST on Insurance May Not Benefit Buyers, Experts Warn

  Ahmedabad Businessman Denied Bail in Rs 175.93 Crore GST Refund Scam

  08 Sep 24

  54th GST Council Meet to Discuss Extending E-Invoicing Mandate to B2C Transactions

  FM Sitharaman: No Centre-State Friction on GST, Federal Structure Must Be Respected

  New GST Filing Rules to Boost Transparency and Efficiency, Experts Highlight Key Changes

  07 Sep 24

  54th GST Council Meeting to Focus on GoM Reports on Rate Rationalization and Real Estate Reforms

  GSTN: Biometric-Based Aadhaar Authentication Rolled Out for GST Registration in Bihar, Delhi, Karnataka & Punjab

  Centre May Levy 18% GST on PAs Below 2K Via Debit & Credit Cards

  Delhi ITAT Cancels Tax Penalty u/s 270 Due to Income Discrepancy Caused by Auditors’ Incorrect Recording of WDV in Audit

  02 Sep 24

  GST collections increase by 10% to reach ?1.74 trillion in August

  CBDT rolls out Dispute Resolution Scheme (e-DRS) 2022 to minimise litigation

  Siemens Hit with Rs 29.4 Crore Tax Demand from Income Tax Department

  Infosys Hit with Rs 3 Crore Tax Penalty Over Alleged Discrepancies in ITC and Payments

  01 Sep 24

  Shipping Corporation Faces Rs 160 Crore GST Demand for FY20 Due to Input Credit Mismatch

  CBIC to Notify GST Provisions Under Finance Act 2024 Post 54th GST Council Meeting on 9th September

  SCI Faces GST Controversy: ?160 Crore Demand Notice for FY 2019-20

  31 Aug 24

  GST E-way Bill Expiry Due to Lack of Route Can’t Be a Ground for Applying Section 129: Allahabad HC Rejects Order

  P&H HC Quashes ?128 Cr Fine Imposed on LAO for Failure to Deduct TDS from Interest on Increased Compensation

  Delhi ITAT: Routine Support Services Can’t Be Classified as FTS Under India-UK DTAA

  27 Aug 24

  Mandatory Biometric Aadhaar Authentication & Document Verification for GST Registration in Dadra and Nagar Haveli, Daman and Diu and Chandigarh

  Ministers panel on GST reviews rates of several categories

  GST taxpayers without valid bank accounts to be barred from filing GSTR-1 from Septemer 1

  26 Aug 24

  Unlinked PAN with Aadhaar Result in High Tax Demands, Putting Firms in a Difficult Position

  Payment, GST Invoice, E-way Bill Insufficient to Prove Physical Movement of Particular Goods: HC Upholds Penalty U/S 74

  All About New RCM Liability/ITC Statement Under GST Regime

  25 Aug 24

  GST Portal Introduces RCM Liability/ITC Statement.

  GSTN Issues Advisory for Furnishing Bank Account Details Before Filing GSTR-1/IFF

  Delhi CESTAT: Wrong Address Cited in Invoices Can’t be a Valid Reason to Reject CENVAT Credit

  24 Aug 24

  Calcutta HC: Non-compliance with the Statutory Provision of Section 75(4) Invalidates the GST Order

  GoM Defers GST Slab Changes, Focuses on Rate Review Across Sectors

  Madras HC Allows One-Day GSTR-3B Filing Delay and Dismisses ITC Reversal GST Notice

  23 Aug 24

  Madras HC: GST Authority Must Rectify Mistakes in GSTR 1 Made by the Assessee

  Kerala HC: Delay Condonation Applications Should Be Judicious, Not Hyper-Technical

  New Fear for Companies, CBDT Seeks Explanation for Major Discrepancies in Their Reported Incomes

  FM Sitharaman: Increase in Tax Collections Reflect India`s Growing Economic Formalization

  FM Sitharaman Pushes for RRBs to Boost Credit Flow to MSMEs in Cluster Areas

  All News

• Due Date Reminder

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

  14 Sep 24 Issue of TDS Certificate u/s 194-IA for TDS deducted on Purchase of Property in July.
  14 Sep 24 Issue of TDS Certificate for tax deducted on rent above 50,000 pm by certain individuals/HUF under Section 194-IB where lease has terminated in July.
  14 Sep 24 Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in July.
  14 Sep 24 Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in July.
  15 Sep 24 Deposit of Second Instalment of Advance Tax (45%) by all assesses (other than 44AD & 44ADA cases).
  15 Sep 24 Details of Deposit of TDS/TCS of August by book entry by an office of the Government.
  15 Sep 24 E-Payment of PF for August.
  15 Sep 24 Payment of ESI for August
  20 Sep 24 To add/amend particulars (other than GSTIN) in GSTR-1 of Aug. It can be filed after filing of GSTR-1 but before filing corresponding GSTR-3B.
  20 Sep 24 Summary Return cum Payment of Tax for August by Monthly filers. (other than QRMP).
  20 Sep 24 Monthly Return by persons outside India providing online information and data base access or retrieval services, for August.
  25 Sep 24 Deposit of GST under QRMP scheme for August .
  27 Sep 24 Filing of Financial Statements for FY 2023-24 by OPC Companies.
  27 Sep 24 Submission of Cost Audit Report by Cost Auditor to the Board of Directors for FY 2023-24.
  28 Sep 24 Return for August by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
  30 Sep 24 Transfer of unspent CSR amount to the CSR fund by All Companies whose CSR Expenditure is unspent as on 31st March and such amount is not marked for any ongoing project.
  30 Sep 24 Quarter 2 – Board Meeting of All Companies
  30 Sep 24 Annual General Meeting of All Companies.
  30 Sep 24 KYC of All Directors (individuals) who hold DIN on 31st March, 2024.
  30 Sep 24 Annual accounts along with the list of all principal places of business in India established by a foreign company (Branch / Liaison /Project Office)
  30 Sep 24 Certification of a Company's Annual Return by a Practising Company Secretary in case of listed Company, Company having paid-up share capital of 10 crore rupees or more or turnover of 50 crore rupees or more.
  30 Sep 24 Secretarial Audit Report applicable in case of : (i) Listed Companies (ii) public company having a paid-up share capital of 50 crore rupees or more; or (iii) public company having a turnover of 250 crore rupees or more; or company having outstanding loans
  30 Sep 24 Deposit of TDS u/s 194-IA on payment made for purchase of property in August.
  30 Sep 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 Aug. (Else TDS is to be deposited on annual basis by 30 April of next year.)
  30 Sep 24 Deposit of TDS on certain payments made by individual/HUF u/s 194M for August.
  30 Sep 24 Deposit of TDS on Virtual Digital Assets u/s 194S for August.
  30 Sep 24 Filing of Tax Audit Report where due date of ITR is 31 Oct.
  30 Sep 24 Filing of MAT/AMT Audit Report etc. where due date of ITR is 31 Oct.
  30 Sep 24 Application for exercising option under Explanation to section 11(1) to apply income of previous year in the next year or in future, if ITR due date is Nov 30.?
  30 Sep 24 Filing of Statement to accumulate income for future application u/s 10(21) or 11(1), if ITR due date is Nov 30.?
  30 Sep 24 Filing of Audit report by a fund or trust or institution or any university or other educational institution or any hospital or other medical institution?
  30 Sep 24 Filing of Audit Report u/s 80JJAA(2) for additional employment where due date of ITR is 31 Oct.
  30 Sep 24 Filing of other Audit Reports , where due date of ITR is 31 Oct.
  30 Sep 24 Payment of membership fee for 2024-25 by ICAI Members.
  All Due Date

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