GST Info Tamil

  Last week, the Central Board of Indirect Taxes and Customs issued a warning regarding the issuance of fake GST summons by fraudsters. Taxpayers have been advised to exercise caution and verify the authenticity of any communication received from GST authorities. Fake GST Summon: Why In The News? In a statement, the CBIC said the Directorate General of GST Intelligence (DGGI) has recently noticed that some individuals with fraudulent intent are creating and sending fake summons to taxpayers who may or may not be under investigation by the DGGI. “The fake summons that are being sent out might look real because they have a Document Identification Number (DIN), but these DIN numbers are not issued by DGGI in the case of these entities. To deal with this issue, DGGI has been taking serious steps by informing and filing complaints with the Police against those involved in creating and sending fake and fraudulent summons,” an official statement said. How To Verify GST Summons? Al...

The GST Portal has recently issued an update, introducing the option to make GST payments through Credit Cards and Debit Cards. To utilize this feature, taxpayers should opt for the E-payment option, where they will find a specific section dedicated to Credit/Debit Card payments, now the GSTN has added 4 new states i.e. Jharkhand, Karnataka, Rajasthan and Tripura. It is essential for taxpayers to carefully review the transaction charges associated with each payment method, particularly when selecting Credit Cards, Debit Cards, or Bhim UPI sub-payment modes. To proceed with Credit/Debit Card payments, users need to follow these steps: 1.     Select the E-payment option. 2.     Within the E-payment section, choose the Credit/Debit Card option. 3.     Subsequently, select the preferred bank for the transaction. 4.     Tick the agreeme...

Assessment Order not valid when essential details not mentioned in Show Cause Notice for personal hearing The Hon’ble Calcutta High Court in the case of   Goutam Bhowmik v. State of West Bengal [MAT 205 of 2023 dated January 9, 2024]  allowed the writ petition and held that the assessment order passed by Proper Officer is not valid when no proper opportunity of hearing is afforded to the Assessee as no essential details have been mentioned in the Show Cause Notice for personal hearing. Facts: Goutam Bhowmik  (“the Appellant”)  is a proprietorship concern engaged in the trade of Timber. The Revenue Department  (“the Respondent”)  issued a Notice dated December 11, 2020 under Section 73(5) of the Central Goods and Services Tax Act, 2017  (“the CGST Act”)  on the ground that there was a mismatch between Form GSTR-7 and Form GSTR-3B. A Show Cause Notice dated January 15, 2021  (“the SCN”)  under Section 73 of the CGST Act. Thereafter, the or...

  What is the maximum amount of deduction allowed under Section 80DD? Fixed amount of deductions are allowed under Section 80DD, irrespective of the actual expenditure. However, the amount of deduction depends on the severity of the disability. Where the disability is more than 40% and less than 80%:  Rs 75,000. Where the disability is more than 80%:  Rs 1,25,000. Note:  Before the Financial Year (FY) 2015-16 (FY 2014-15 & earlier years) – The deduction limit was Rs 50,000 where disability was at least 40% and Rs 1,00,000 where there was more than 80% disability. Necessary Documents to Claim Tax Deduction Under Section 80DD The following documents will be required to be submitted to claim tax benefits under Section 80DD of the Income Tax Act, 1961: Medical Certificate:  In order to avail of tax deduction under Section 80DD, the taxpayer is required to provide a copy of the medical certificate as evidence of the dependent's disability. Form 10-IA:  If th...

Interim Union Budget 2024-25   Part A Social Justice ·          Prime Minister to focus on upliftment of four major castes, that is,  ‘Garib’ (Poor), ‘Mahilayen’ (Women), ‘Yuva’ (Youth) and  ‘Annadata’(Farmer) . ‘Garib Kalyan, Desh ka Kalyan’ ·          Government assisted 25 crore people out of multi-dimensional poverty in last 10 years. ·          DBT of Rs. 34 lakh crore using PM-Jan Dhan accounts led to savings of Rs. 2.7 lakh crore for the Government. ·          PM-SVANidhi provided credit assistance to 78 lakh street vendors. 2.3 lakh have received credit for the third time. ·          PM-JANMAN Yojana to aid the development of particularly vulnerable tribal groups (PVTG). ·          PM-Vishwakarma Yojana provides ...