SHAH & KADAM

News

02 Dec 24
Advisory: E-Invoice Glossary and Steps
Gross and Net GST revenue collections for the month of Nov, 2024
CBDT Extends ITR Filing Deadline for Taxpayers u/s 92E to 15th December 2024
01 Dec 24
Orissa HC Stays GST Notice U/S 74 Consolidating Multiple AY, Citing Karnataka HC Ruling
Rajasthan HC: Provisional Attachment U/S 83 of GST Act Ceases After One Year Without Fresh Justification
30 Nov 24
Allahabad HC: Time Extension GST Notification Apply Only from 31.03.2023 U/S 73(9) and 73(10)
Punjab and Haryana HC Cancels I-T Notice Without Implementing Faceless Assessment U/S 144B
Madras HC: Limitation Period for Contesting GST Assessment Orders U/S 107 Begins Upon Denial of Rectification Request
29 Nov 24
MCA Proposes Mediation to Reduce Burden on Operational Creditors in NCLT
GST Notification No. 29/2024: GSTR 3B Due Date Extended for Manipur Taxpayers
FinMin: MSME Associations Across India Welcome Revised Section 43B of Income-Tax Act
GSTR 3B Due Date Extended for Manipur Taxpayers
28 Nov 24
MCA Proposes Mediation to Reduce Burden on Operational Creditors in NCLT
MSME Associations Across India Welcome Revised Section 43B of Income-Tax Act
27 Nov 24
Centre Collects ?4,792 Crore GST from Coaching and Training Institutes in FY24
Finance Ministry Announces New Amendments to GSTAT Jurisdiction
26 Nov 24
GST Collections on Health and Life Insurance Premiums Surge by 680 Percent in FY 2023-24
Kerala HC: Failure to Consider Assessee’s Request for Personal Hearing Violates Principles of Natural Justice
25 Nov 24
Kerala HC: No Reopening of Assessment if Limitation Expired Before Timeline Extension
Suggests 5% GST Rate on Manpower Services to Transform the Labor Market
18 Nov 24
GSTN Issues Important Advisory on GSTR 2B and IMS
CBDT Launches Campaign to Help Taxpayers Report Foreign Assets and Income in AY 2024-25
17 Nov 24
Govt Highlights Shift in Tax Burden and Rising Taxpayer Base Over the Last Decade
Delhi HC: Penalty for TDS Violations and SCN Issues from Previous Name Company Can Be Rectified u/s 292-B
Gujarat HC: No Need for Certified Copy of GST Appeal Order When Accessible on Common Portal
Over 8 Crore ITRs Filed for AY 2024-25, 74% Opt for New Tax Regime
16 Nov 24
Bombay HC: GST Refund Rejection Without Hearing Violates CGST Rules 92(3) and Principles of Natural Justice
Investigation Wing to Examine Cases of JDA Landowners Who Didn’t Pay Capital Gains Tax
Kerala HC Overturns Denial of Input Tax Credit, Citing GST Notification Under Section 16(5)
15 Nov 24
More Than 70% of India’s Income Tax Comes from High Earners Making Over ?50 Lakh
Investigation Wing to Examine Cases of JDA Landowners Who Didn’t Pay Capital Gains Tax
Bombay HC: GST Refund Rejection Without Hearing Violates CGST Rules 92(3) and Principles of Natural Justice
Gujarat HC: No Need for Certified Copy of GST Appeal Order When Accessible on Common Portal
14 Nov 24
MP HC: IT Order Passed Under Section 148A(d) Cannot Be Applied; Writ Petition Can Be Appealed
Budget 2025-26: Centre May Introduce Simplified Direct Tax Code to Reduce Statutory Issues
Maharashtra AAR: No GST on Penalties, Late Fees, or Penal Interest Imposed by RBI
Madras HC:Recovery Actions Cannot Be Initiated Against Company Directors if Assessee’s Status is Non-Existent
13 Nov 24
India`s Online Gaming Market Surges by 23% in FY24 Amidst GST Hike
NFRA Recommends Comprehensive New Audit Framework for India by April 2026
ADVISORY FOR WAIVER SCHEME UNDER SECTION 128A
Advisory regarding IMS during initial phase of its implementation
12 Nov 24
ITAT: Medical Certificate is Valid Proof for Condoning Assessee’s Delay in Filing Tax Audit Reports
Karnataka HC: GST Section 75(4) Ensures a Hearing Opportunity Before Any Adverse Order
SC: The Law is Common for Everyone; Income Tax Must Be Deducted on Salaries Paid to Christian Nuns
11 Nov 24
ITAT Chennai: Dismissal Due to Delay Without Condonation Petition is Untenable
New GST Forms SPL-01 and SPL-02 to Avail Interest Waiver and Penalties U/S 128A
ITAT Chennai: Dismissal Due to Delay Without Condonation Petition is Untenable
Bangalore ITAT Cancels Disallowance of Interest-Free Advances to Sister Concern of Assessee u/s 36(1)(iii)
SC: The Law is Common for Everyone; Income Tax Must Be Deducted on Salaries Paid to Christian Nuns
10 Nov 24
GST AAR: Tax Will Be Applicable to the AAI-Adani Pact for the Airport in Thiruvananthapuram, Kerala
Karnataka Sugarcane Cultivators’ Association Urges FM to Grant GST Exemption on Agricultural Equipment
Orissa HC Instructs Filing of GST Appeal U/S 112 to Challenge Short Tax Payment

02 Dec 24

Advisory: E-Invoice Glossary and Steps

Gross and Net GST revenue collections for the month of Nov, 2024

CBDT Extends ITR Filing Deadline for Taxpayers u/s 92E to 15th December 2024

01 Dec 24

Orissa HC Stays GST Notice U/S 74 Consolidating Multiple AY, Citing Karnataka HC Ruling

Rajasthan HC: Provisional Attachment U/S 83 of GST Act Ceases After One Year Without Fresh Justification

30 Nov 24

Allahabad HC: Time Extension GST Notification Apply Only from 31.03.2023 U/S 73(9) and 73(10)

Punjab and Haryana HC Cancels I-T Notice Without Implementing Faceless Assessment U/S 144B

Madras HC: Limitation Period for Contesting GST Assessment Orders U/S 107 Begins Upon Denial of Rectification Request

29 Nov 24

MCA Proposes Mediation to Reduce Burden on Operational Creditors in NCLT

GST Notification No. 29/2024: GSTR 3B Due Date Extended for Manipur Taxpayers

FinMin: MSME Associations Across India Welcome Revised Section 43B of Income-Tax Act

GSTR 3B Due Date Extended for Manipur Taxpayers

28 Nov 24

MCA Proposes Mediation to Reduce Burden on Operational Creditors in NCLT

MSME Associations Across India Welcome Revised Section 43B of Income-Tax Act

27 Nov 24

Centre Collects ?4,792 Crore GST from Coaching and Training Institutes in FY24

Finance Ministry Announces New Amendments to GSTAT Jurisdiction

26 Nov 24

GST Collections on Health and Life Insurance Premiums Surge by 680 Percent in FY 2023-24

Kerala HC: Failure to Consider Assessee’s Request for Personal Hearing Violates Principles of Natural Justice

25 Nov 24

Kerala HC: No Reopening of Assessment if Limitation Expired Before Timeline Extension

Suggests 5% GST Rate on Manpower Services to Transform the Labor Market

18 Nov 24

GSTN Issues Important Advisory on GSTR 2B and IMS

CBDT Launches Campaign to Help Taxpayers Report Foreign Assets and Income in AY 2024-25

17 Nov 24

Govt Highlights Shift in Tax Burden and Rising Taxpayer Base Over the Last Decade

Delhi HC: Penalty for TDS Violations and SCN Issues from Previous Name Company Can Be Rectified u/s 292-B

Gujarat HC: No Need for Certified Copy of GST Appeal Order When Accessible on Common Portal

Over 8 Crore ITRs Filed for AY 2024-25, 74% Opt for New Tax Regime

16 Nov 24

Bombay HC: GST Refund Rejection Without Hearing Violates CGST Rules 92(3) and Principles of Natural Justice

Investigation Wing to Examine Cases of JDA Landowners Who Didn’t Pay Capital Gains Tax

Kerala HC Overturns Denial of Input Tax Credit, Citing GST Notification Under Section 16(5)

15 Nov 24

More Than 70% of India’s Income Tax Comes from High Earners Making Over ?50 Lakh

Investigation Wing to Examine Cases of JDA Landowners Who Didn’t Pay Capital Gains Tax

Bombay HC: GST Refund Rejection Without Hearing Violates CGST Rules 92(3) and Principles of Natural Justice

Gujarat HC: No Need for Certified Copy of GST Appeal Order When Accessible on Common Portal

14 Nov 24

MP HC: IT Order Passed Under Section 148A(d) Cannot Be Applied; Writ Petition Can Be Appealed

Budget 2025-26: Centre May Introduce Simplified Direct Tax Code to Reduce Statutory Issues

Maharashtra AAR: No GST on Penalties, Late Fees, or Penal Interest Imposed by RBI

Madras HC:Recovery Actions Cannot Be Initiated Against Company Directors if Assessee’s Status is Non-Existent

13 Nov 24

India`s Online Gaming Market Surges by 23% in FY24 Amidst GST Hike

NFRA Recommends Comprehensive New Audit Framework for India by April 2026

ADVISORY FOR WAIVER SCHEME UNDER SECTION 128A

Advisory regarding IMS during initial phase of its implementation

12 Nov 24

ITAT: Medical Certificate is Valid Proof for Condoning Assessee’s Delay in Filing Tax Audit Reports

Karnataka HC: GST Section 75(4) Ensures a Hearing Opportunity Before Any Adverse Order

SC: The Law is Common for Everyone; Income Tax Must Be Deducted on Salaries Paid to Christian Nuns

11 Nov 24

ITAT Chennai: Dismissal Due to Delay Without Condonation Petition is Untenable

New GST Forms SPL-01 and SPL-02 to Avail Interest Waiver and Penalties U/S 128A

ITAT Chennai: Dismissal Due to Delay Without Condonation Petition is Untenable

Bangalore ITAT Cancels Disallowance of Interest-Free Advances to Sister Concern of Assessee u/s 36(1)(iii)

SC: The Law is Common for Everyone; Income Tax Must Be Deducted on Salaries Paid to Christian Nuns

10 Nov 24

GST AAR: Tax Will Be Applicable to the AAI-Adani Pact for the Airport in Thiruvananthapuram, Kerala

Karnataka Sugarcane Cultivators’ Association Urges FM to Grant GST Exemption on Agricultural Equipment

Orissa HC Instructs Filing of GST Appeal U/S 112 to Challenge Short Tax Payment

Readmore...

Due Date Reminder

Jan	Feb	Mar	Apr	May	June
July	Aug	Sep	Oct	Nov	Dec
All

07 Dec 24 Payment of TDS/TCS of November.

07 Dec 24 Return of External Commercial Borrowings for November.

07 Dec 24 Payment of Equalization levy (Google Tax) charged on specified services during November.

10 Dec 24 Monthly Return by Tax Deductors for November.

10 Dec 24 Monthly Return by e-commerce operators for November.

11 Dec 24 "Monthly Return of Outward Supplies for November. "

13 Dec 24 Optional Upload of B2B invoices, Dr/Cr notes for November under QRMP scheme.

13 Dec 24 Monthly Return by Non-resident taxable person for November.

13 Dec 24 Monthly Return of Input Service Distributor for November.

14 Dec 24 Free update of Aadhar. Update and upload your Proof of Identity & Proof of Address documents.

15 Dec 24 Issue of TDS Certificate u/s 194-IA for TDS deducted on Purchase of Property in October.

15 Dec 24 Issue of TDS Certificate for tax deducted on rent above 50,000 pm by certain individuals/HUF under Section 194-IB where lease has terminated in October.

15 Dec 24 Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in October.

15 Dec 24 Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in October.

15 Dec 24 Deposit of Third Instalment of Advance Tax (75%) by all assessees (other than 44AD & 44ADA cases).

15 Dec 24 Details of Deposit of TDS/TCS of November by book entry by an office of the Government.

15 Dec 24 E-Payment of PF for November.

15 Dec 24 Payment of ESI for November

15 Dec 24 Filing of Income Tax Return where Transfer Pricing applicable.

15 Dec 24 Online Application for alternative tax regime if due date of ITR is 30 Nov.

20 Dec 24 Monthly Return by persons outside India providing online information and data base access or retrieval services, for November. Also to be filed by every registered person providing online money gaming from a place outside India to a person in India.

20 Dec 24 Add/amend particulars (other than GSTIN) in GSTR-1 of Nov. It can be filed after filing of GSTR-1 but before filing corresponding GSTR-3B.

20 Dec 24 Summary Return cum Payment of Tax for November by Monthly filers. (other than QRMP).

25 Dec 24 Deposit of GST under QRMP scheme for November .

28 Dec 24 Return for November by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.

30 Dec 24 Deposit of TDS u/s 194-IA on payment made for purchase of property in November.

30 Dec 24 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 24-25, where lease has terminated in November (Else TDS is to be deposited on annual basis by 30 April of next year.)

30 Dec 24 Deposit of TDS on certain payments made by individual/HUF u/s 194M for November.

30 Dec 24 Deposit of TDS on Virtual Digital Assets u/s 194S for November.

31 Dec 24 Filing of Belated/ Revised Income Tax returns for AY 24-25 for all assessees if assessement not completed.

31 Dec 24 GST Annual Return for 23-24. Mandatory if Turnover > 2 cr.

31 Dec 24 GST Audit Report for 23-24. Mandatory if Turnover > 5 cr.

31 Dec 24 RBI Annual Performance Report by All entities having investment outside India.

31 Dec 24 Quarter 3 – Board Meeting of All Companies.

31 Dec 24 Payment of membership fee for 2024-25 by ICAI Members.

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Welcome To SHAH & KADAM

We are a firm of Chartered Accountants offering a broad range of consultancy and attestation services to our clients across all segments of business including Manufacturing, Trading & Service sectors.

Established in Vadodara in the year 1998, has expanded over the period of 25 years to create a wealth of professional knowledge and experience. We are a team of dedicated taxation, financial and audit advisory experts.

We believe in working in deep partnership with our clients to help them in meeting today`s business challenges, so that they can focus on their core businesses. By intimately understanding each client`s business, we provide them tailor-made solutions that are specific to each client`s unique situation.