GST E-invoicing limit reduced from Rs 50 crore to 20 crore with effect from 1st April 2022.

By: CA Sunil Kumar Gupta

The copy of the order is as under: THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(1)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND...

Read More

Non filing of return of income under section 139(1) & validity of refusal of deduction under section 80-IC

By: CA Sunil Kumar Gupta

Short Overview  As per section 80AC, which is very much clear and unambiguous in its expression, for claiming deduction under section 80-IB(10), it is a mandatory requirement that assessee must...

Read More

GST Registration cannot be cancelled if the SCN not issued in prescribed template

By: CA Sunil Kumar Gupta2 comments

n Suresh Trading Corporation v. The Asst. Commissioner (Circle) of SGST, Tamil Nadu [W.P. No. 21109 of 2021, dated October 01, 2021], Suresh Trading Corporation (“the Petitioner”) has filed this petition challenging...

Read More

SC verdict may settle issue of refund

By: CA Sunil Kumar Gupta

Input tax credit in inverted tax structure: SC verdict may settle issue of refund All eyes are on the Supreme Court as it is expected to pronounce judgment on...

Read More