The IRS conducts audits on a regular basis.
Even for small businesses that remain compliant, risks always exist—no matter how honest you are with your taxes. Ultimately, it&rs… Read More
The Hon’ble ITAT, Kolkata in the case of ITO v. M/S Star Consortium [Income Tax Appeal No. 04/KOL/2020 C.O. No. 08/Kol/2020, dated April 7, 2021]dismissed an appeal filed by the Revenu… Read More
Private coachings for CA, CS, CMA etc. are not "educational institution", liable to pay GST In Re: Logic Management Training Institutes Pvt. Ltd. [Order No. AAAR/13/21 dated May 05, 20… Read More
Amendments proposed in Section 129 and 130 of the CGST Act, 2017 notified w.e.f. January 01, 2022Background:The Hon’ble Finance Minister, in Union Budget 2021-22, proposed changes vide… Read More
Background: The Hon’ble Finance Minister, in Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 (“the CG… Read More
Widened the scope of Section 83 of the CGST Act (Provisional Attachment of Property/ Bank Account) w.e.f. January 01, 2022 Background: The Hon’ble Finance Minister, in Union Bu… Read More
Notified the amendments proposed in Section 74, 107, 151, 152 and 168 of the CGST Act, 2017 w.e.f. January 01, 2022Background:The Hon’ble Finance Minister, in Budget 2021-22, proposed… Read More