CBDT has released new functionality in AIS to increase transparency and issued a press release dated 13 May 2024. Highlights In AIS, taxpayer has been provided with a functionality to furnish feedback on every transaction displayed therein. This feedback helps the taxpayer to comment on the accuracy of the information provided by the Source of such

The GRC meeting convened on April 22, 2024, commenced with a cordial welcome extended to all members by the Chairman. Agenda Points: Issues Raised by Federation of All India Vyapar Mandal Issues Raised by Confederation of Indian Industries (CII) Major Issues Raised by ASSOCIIAM Major Issues Raised by FICCI Conclusion Minutes of the GRC Meeting

The Goods and Services Tax (GST) portal has introduced a significant update, allowing taxpayers to report negative values in GSTR-3B, the summary return for regular GST taxpayers. In this blog post, we will discuss the implications of these changes, the technical terms involved, and the benefits for taxpayers. You may read the original notification at

GST | Case Laws: Where impugned order recorded no proper reply/explanation had been received from tax-payer despite sufficient and repeated opportunities, assessee had submitted detailed point-wise reply to show cause notice, proper officer had not even looked at reply submitted by assessee, impugned order was to be set aside [2024] 160 taxmann.com 535 (Delhi) HIGH