Recipient of service entitled to seek advance ruling under GST, says Calcutta High Court
In a significant ruling, Calcutta High Court has said that ‘recipient of service’ is entitled to file Advance Ruling application […]
GST Recent News
GST Law, GST Portal Updates, GST Portal Updates, Important News
Now GST payments can be made through 23 banks; GSTN added 2 new banks
The Goods and Services Tax Network (“GSTN”) has added 2 new banks Induslnd Bank Limited and South Indian Bank Limited,
GST Recent News
ICICI Prudential Life refutes GST dept contention of tax liability due to input tax credit claims
ICICI Prudential Life Insurance on Wednesday said it has refuted the contention of the GST department with regard to tax
Income Tax, News
Adjustment of difference in depreciation to the profits eligible for Income Tax Exemption: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that adjustment of the difference in depreciation to the profits
GST Recent News
GST dept work with Meity to track offshore online gaming cos
In a bid to track offshore online gaming companies and ensure they comply with goods and services tax laws, tax officials are
GST Recent News
Tax trouble: GST authorities quiz auto dealers on fake invoicing
Expanding investigation into allegedly wrongful claims of input tax credit by insurance companies, the tax authorities are probing a section
News
Eligibility standards may be prescribed: Govt mulls size threshold for auditors of large firms
The government is examining whether to reserve auditing of large companies and public interest entities to audit firms of certain size, repute
Income Tax, News
Supreme Court ruling on Income Tax searches big relief to taxpayers
The Supreme Court has held that the income tax (I-T) department cannot reopen completed assessments under the Section 153A of the I-T Act, unless “incriminating material”
Income Tax, Press Release, Press Release
FM Nirmala Sitharaman chairs review meeting with Central Board of Direct Taxes (CBDT)
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a periodic review meeting with Central Board of Direct
GST Law, ICAI, Important News
ICAI released the GST Act(s) and Rule(s) Bare Law updated upto the Finance Act, 2023
The Institute of Chartered Accountants of India (“ICAI”) has released the “GST Act(s) and Rule(s) – Bare Law” with the