Free replacement of parts under warranty not liable to GST: CBIC
Free replacement of parts of goods under warranty does not attract Goods and Services Tax but tax would be payable […]
GST Recent News
CBDT Notification, Notification and Circular, Notification And Circular
CBDT expands non-applicability of Sec. 56(2)(x) to include fund relocation to IFSC
The CBDT vide Notification No. 51/2023 dated July 18, 2023 amend the Income-tax Rules, 1962 (“the IT Rules”). These rules
GST Recent News
Andhra Pradesh Records Rs 7,653 Crore GST Revenue In Q1 Of 2023-24: Officials
Andhra Pradesh recorded GST revenue of Rs 7,653 crore in the first quarter of financial year 2023-24, an increase of
GST Recent News
Man who cheated jeweller of Rs 6 crore by posing as GST inspector held in Delhi
Delhi Police has arrested a 42-year-old man who along with his accomplices cheated a Ludhiana-based jeweller of 10kg gold plates
GST Law, Important Pronouncements
Directed to refund the payment deposited during search proceedings being without authority of law
The Hon’ble Punjab and Haryana High Court in William E Connor Associates and Sourcing Pvt Ltd. and Anr v. Union
Advance Ruling-New, GST Law
Services provided by university to affiliate colleges and students is exempt from GST
The AAR, Kerala, in the matter of University of Calicut [Advance Ruling No. KER/17/2023 dated May 25, 2023] ruled that
Income Tax, News
Inoperative PAN: Income Tax department issues clarification for NRIs, OCIs and foreign citizens
The Income Tax Department has issued a detailed statement clarifying the concerns raised by Non-Resident Indians (NRIs), Overseas Citizens of
CBIC, Customs, Notification And Circular, Notification and Circular
Instructions on Release of Imported Consignments of Producers of 106 EEES Items under E-waste (Management) Rules, 2022
The CBIC has issued Instruction No. 23/2023-Customs dated July 14, 2023 on E-waste (Management) Rules, 2022 regarding the release of
CBDT Notification, Notification and Circular, Notification And Circular
CBDT issued Income-tax (Twelfth Amendment) Rules, 2023; Exemptions for Non-Resident Financial Instruments and Specified Funds in IFSCs
The CBDT vide Notification No. 50/2023 dated July 17, 2023 has issued the Income-tax (Twelfth Amendment) Rules, 2023, to amend
DGFT, Press Release, Press Release
DGFT implements the Advance Authorisation Scheme, allows duty-free import of inputs for export purposes
The Directorate General of Foreign Trade (DGFT) implements the Advance Authorisation Scheme under the Foreign Trade Policy, which allows duty-free import