SAG Infotech Official Tax Blog

The Goods and Services Tax Network (GSTN) has declared a proposed amendment to the numbering formats of e-way bills and Consolidated E-Way Bills, w.e.f. 1 January 2027. The objective of this change is to expand the available numbering capacity in order to accommodate the growing number of E-Way Bills generated under the GST system. Due […]

The Income Tax Appellate Tribunal (ITAT), Kolkata ‘A’ Bench, has dismissed the Revenue Department’s appeal in the case of ‘Aakriti Overseas Private Limited’ for the assessment year 2012-13. The Tribunal held that an Assessing Officer (AO) cannot make an addition to income regarding an issue that was not part of the reasons recorded for reopening […]

The applicant was registered under the CGST Act in July 2017. On January 11, 2020, the company applied for the cancellation of its GST registration, effective from December 31, 2019, due to the discontinuation and closure of its business. However, this application remained pending with the GST Department. In the meantime, on September 15, 2022, […]

Tamil Nadu’s GST revenue grew by only 3% in October, a contrast to the double-digit growth seen in neighbouring states. Former finance minister Thangam Thennarasu raised concerns about signs of economic stagnation under the TVK government. He urged an immediate effort to stimulate domestic production. Recommended: October 2026 GST Collection Rises 22.9% Year-on-Year to Rs […]...

The Gujarat High Court had dismissed the revenue’s appeal against DML Exim Pvt. Ltd. (AY 2011–12 and 2012–13). The ruling came in the Revenue’s appeals against relief granted to DML Exim Pvt. Ltd., which is engaged in trading agricultural products, building construction, and power generation. The appeals are of Assessment Years 2011-12 and 2012-13. The […]