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1. Section 39 (11) of the CGST Act, 2017, implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, provides that the taxpayers shall not be allowed to file their GST returns after the expiry of a period of three years from …

Union Budget 2024-25 provided for an enhanced monetary limit for filing appeals related to Direct Taxes, Excise and Service Tax in various judicial fora Hon’ble Supreme Court disposed of 573 direct tax cases in view of the revised monetary limit for filing off appeals The measures …

In a major relief for producer companies, the Ministry of Corporate Affairs (MCA) has extended the compliance deadline for mandatory dematerialisation of existing shares. Originally set for September 30, 2024, the deadline has now been pushed to March 2028, giving these companies an additional five years …

Tax authorities have uncovered approximately 10,700 fake GST registrations, involving tax evasion worth ₹10,179 crore, during an ongoing all-India drive against fraudulent companies, a senior official from the Central Board of Indirect Taxes and Customs (CBIC) announced. Shashank Priya, CBIC member, revealed that Aadhaar authentication for …

In a significant development, the GST adjudicating authority has dismissed a Rs 1,500 crore GST demand imposed on Tata Sons in connection with a settlement payment made to Japan’s NTT Docomo. The case, which dates back to a 2017 arbitration settlement involving Tata Teleservices, was initially …

In a major relief for Reliance Communications (RCom), the National Company Law Appellate Tribunal (NCLAT) has dismissed a tax claim of Rs 6.10 crore filed by the state tax department. The tribunal upheld the earlier decision of the National Company Law Tribunal (NCLT), which had rejected …

The Income Tax Department has officially notified the Vivad Se Vishwas Scheme 2.0, aimed at providing a mechanism for settling pending income tax disputes with reduced settlement amounts for those who file declarations before December 31, 2024. The scheme, introduced by Finance Minister Nirmala Sitharaman in her …