BIG News: RBI to withdraw Rs 2,000 notes from circulation, will continue as legal tender
The Reserve Bank of India has decided to withdraw Rs 2,000 denomination banknotes from circulation and asked all to exchange […]
News
Important News, Income Tax
Income Tax Dept. issued FAQs for Submitting Response to Notices and Letters Received under e-Verification Scheme, 2021
The Directorate of Income Tax (Systems) has issued Frequently Asked Questions (“FAQs”) for Submitting Response to Notices and Letters Received
Income Tax, Press Release, Press Release
Govt clarifies No TCS for individuals making credit/debit card payments internationally upto Rs 7 lakh
Concerns have been raised about the applicability of Tax Collection at Source (TCS) to small transactions under the Liberalized Remittance
GST Recent News
Several Law firms representing gaming industry reach out to Prime Minister’s Office
Several top law firms representing the gaming industry have written to the Prime Minister’s Office (PMO) urging the GST Council
GST Recent News
‘Illegal, arbitrary’: Karnataka HC on GST notice to Gameskraft
Days after the Karnataka High Court quashed a GST notice issued to online gaming platform Gameskraft, a detailed copy of
GST Recent News
GST Council is unlikely to take up any rate rationalisation at its upcoming 50th meeting
The Goods and Services Tax (GST) Council is unlikely to take up any rate rationalisation at its upcoming 50th meeting
Important News
FAQs w.r.t. Tax Collection at Source (TCS) on foreign remittance through the Liberalised Remittance Scheme
The e-Gazette notification dated May 16, 2023 omits Rule 7 of the FEM(CAT) Rules, 2000. Here are the Frequently Asked
CESTAT, Important Pronouncements
When there is no mens rea, no demand will sustain on ground of limitation
The CESTAT, Kolkata in M/s. Bhootpurva Sainik Kalyan Sangh v. Commissioner of Central Excise & Service Tax [Service Tax Appeal
GST Recent News
Now’s the time to reform GST
The economic indicators show steady progress in the economic recovery process. Although the core sector growth continues to be muted,
Important Pronouncements
No Service Tax liability on liquidated damages
The CESTAT, Chennai in the case of M/s. Bharat Heavy Electricals Limited v. The Commissioner of G.S.T and Central Excise