Mere change of opinion cannot be a ground for the re-opening of assessment
The Hon’ble Bombay High Court in Konark Life Spaces v. Assistant Commissioner of Income -Tax and Ors. [Writ Petition No. […]
Important Pronouncements, Income Tax
CESTAT, Important Pronouncements
No Service Tax can be levied on take-away/parcel food from restaurants
The CESTAT, New Delhi in Haldiram Marketing Pvt. Ltd. v. Commissioner, Central Goods and Service Tax [Service Tax Appeal No.
Important News, Income Tax
CBDT released Tax Calculator for Old Regime vis-à-vis New Regime as proposed by Finance Bill, 2023
The Central Board of Direct Taxes (“CBDT”) released the Tax Calculator regarding the Old Regime vis-à-vis New Regime for Individual/
GST Recent News
Discrepancy in tax rates on papad and ‘kachri’ should be rectified: Sisodia at GST Council meet
Delhi Deputy Chief Minister Manish Sisodia flagged a discrepancy in tax rates on papad and “kachri” (fryums) at a meeting
CBDT Notification, Notification And Circular, Notification and Circular
CBDT directs DGIT (Systems), New Delhi, to furnish the response to TN Govt in the form of flag based on Taxpayers status
The CBDT has issued an Order vide F.No.22S/169/2022-ITA.II dated February 16, 2023 directing the Director General of Income-tax (Systems), New
49th GST Council Meeting, Important News
GST Council deliberating on the recommendations of GoM on GST Appellate Tribunals
A recent tweet by CNBC-TV18, stated that the GST Council deliberated on the recommendations of GoM on GST Appellate Tribunals.
49th GST Council Meeting, Important News
No consensus on the GST tribunal; Tribunal subject postponed for next time after some more refinement incorporating suggestions from some states
A recent tweet by CNBC-TV18 stated that the Tribunal subject was postponed for next time after some more refinement incorporating
49th GST Council Meeting, Important News
GST Council may take proposal on rationalisation of GST rate on cement in its next meeting
A recent tweet by CNBC-TV18 stated that the GST Council may take proposal on rationalisation of GST rate on cement
49th GST Council Meeting, Press Release, Press Release
49th GST Council Meeting: Approval of report of GoM on Capacity based taxation and special composition scheme
The 49th GST Council Meeting was held on February 18, 2023 in New Delhi under the Chairmanship of Finance Minister
49th GST Council Meeting, Important News
49th GST Council Meeting; Decreased levy on pencil sharpeners to 12% approved
A recent tweet by BQ Prime, stated that the GST Council defers decision on GST Appellate Tribunal. 13 members of