Windfall tax reimposed on local crude oil; duty on diesel exports scrapped
India Tuesday reimposed windfall tax on domestically produced crude oil at ₹6,400 per tonne and scrapped export duty on diesel. […]
Central Excise - 2023, News
GST Recent News
Plea to allocate 1% of GST revenue for unorganised sector labourers
Union government should allocate 1% of its GST revenue for the welfare of unorganised sector labourers, said Confederation of Unorganised
DGFT, Notification And Circular, Notification and Circular
DGFT amends the Interest Equalisation Scheme in respect of the Unique Identification Number
The DGFT vide Trade Notice No. 03/2023-24 dated April 20, 2023 has issued amendments under the Interest Equalisation Scheme in
GST Recent News
No input tax credit: Intra-co services GST a pain
A recent advance ruling given by the Tamil Nadu bench in the case of Profisolutions, a private company, reaffirms that
GST Recent News
Employee services from branch office to head office, and vice versa to attract 18 pc GST: AAR
Services provided by employees of a company’s branch office to its head office and vice versa located in different states would be liable to
News, Service Tax 2023
Delhi HC quashes Service Tax demand of Rs. 56.61 crores against MTNL
The Delhi High Court has quashed the service tax demand of Rs. 56.61 crores against Mahanagar Telephone Nigam Limited (MTNL). The bench
Important News, News
Memorandum issued by the Government to deduct 4% TDS is not Ultra Vires to Tripura Sales Tax Act: Supreme Court
The Supreme Court has held that the liability to pay the tax shall be on the transferor who transfers the right to
Important News, News
Income Tax exemption on the voluntarily payment made by the employer to the employee out of appreciation: ITAT
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that the payment has been made voluntarily by
GST Recent News
Constitutional Validity of GST on Lease/Rent Payments: Supreme Court refers the matter to the Constitution Bench of 9 Judges
The Supreme Court has referred the issue of the constitutional validity of GST on lease/rent payments to the constitution bench of 9
Income Tax, News
ITAT quashes penalty notice which was silent on specification of Charges
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the penalty notice, which was silent on the