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Latest Articles in taxpayers

Over 2 Cr ITRs Filed On New Portal, CBDT Urges Taxpayers To File FY21 Returns Quickly

The process of e-verification through Aadhaar OTP and other methods is important for the department to commence processing of the ITR and to issue refunds

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GSTN Blocks Rs 14,000-Cr Input Tax Credits Of 66,000 Taxpayers

Responding to social media posts based on an RTI reply about the Rs 6.14 lakh crore of ITC blocked under Rule 86A of GST laws, GSTN tweeted that the figure includes erroneous data entries made by the taxpayers.

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Income Tax Refunds Of Rs 80,086 Crore Issued During FY22: CBDT

This figure includes income tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 cases

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E-Way Bill Generation To Be Blocked From Aug 15 For GST Return Non-Filers

The Central Board of Indirect Taxes and Customs (CBIC) had earlier suspended the blocking of electronic way (e-way) bill generation for non-filers of GST returns, to give taxpayers compliance relief during the COVID pandemic.

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E-Way Generation To Be Blocked From Aug 15 For Return Non-Filers: GSTN

Any taxpayer who has not filed two or more returns in GSTR-3B up to June 2021, or has not filed 2 or more statements in GST CMP-08 for the quarters up to April to June 2021, will not be able to generate eway bill after August 15.

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Govt Has Created 'Mess': Tharoor On New IT Portal

As the new I-T portal faced technical issues after its launch on June 7 and users complained of glitches, the department had allowed manual filings of Form 15CA/15CB (required for foreign remittances) with banks till June 30.

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GST 4th Anniversary: Finmin To Issue Appreciation Certificates To 54,439 GST Payers

The income tax department too sends out 'certificates of appreciation' to individual taxpayers in various categories on the basis of the level of taxes paid by them.

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I-T Dept Issues Refunds Worth Rs 25,301 Cr So Far This Fiscal

CBDT issues refunds of over Rs 25,301 crore to more than 15.45 lakh taxpayers between 1st April, 2021 to 24th May, 2021

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CBIC Rationalises GST Refund Provisions, Allows Taxpayers To Withdraw Application

Athena Law Associates Partner Pawan Arora said now refund application can be withdrawn at any time prior to issuance of provisional/ final refund order or refund payment/ withhold/ rejection order.

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CBIC Asks Officers To Clear Pending Customs, Drawback Refund Claims By Month-End

The CBIC also asked field offices to coordinate this refund drive with the major trade and industry associations, especially those that cater to exporters, for their assistance, including submission of required documents.

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I-T Refunds Worth Rs 15,438 Cr Issued In 1 Month

CBDT issues refunds of over Rs 15,438 crore to more than 11.73 lakh taxpayers between 1st April, 2021 to 3rd May, 2021

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I-T Refunds Worth Rs 5,649 Cr Issued During April 1-19

CBDT issues refunds of over Rs 5,649 crore to more than 7.39 lakh taxpayers between 1st April, 2021 to 19th April, 2021

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Govt Notifies ITR Forms For 2020-21, Gives Option To Choose New Tax Regime

ClearTax Founder and CEO Archit Gupta said this year's ITR forms do not have any major changes, as they should be, there should be as little change as possible so taxpayers find it easy to comply and are able to report information consistently.

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I-T Refunds Of Over Rs 2.24 Lakh Cr Issued This Fiscal Till Mar 29

CBDT issues refunds of over Rs 2,24,829 crore to more than 2.37 crore taxpayers between 1st April, 2020 to 29th March, 2021

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Weeding Out Instances Of Fake Invoicing: Reformations, Recourses And Recommendations

The existing mechanism also does not entail any filter which could bifurcate recipients into innocent and blameworthy, thereby jeopardizing the interests of recipients who did not intend to retain the benefit.

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