Two developers directed to refund ₹30.76-crore GST benefit to 850 homebuyers in Parel project
Homebuyers who have not received the full benefit of input tax credit (ITC) on the goods and services tax (GST) […]
GST Recent News
GST Recent News
Increase in old age pension, more tax relief, GST exemption for elderly; NGOs’ demands from Union Budget
Ahead of the Union Budget for 2023-24, some NGOs have put forward some suggestions for the betterment of the country’s
GST Law, Important Pronouncements
Replacement of old machinery with new machinery for improvement in quality/quantity results in ‘Modernisation’ and not diversification
The Hon’ble Supreme Court in AMD Industries Limited v. Commissioner of Trade Tax, Lucknow and Anr. [Civil Appeal No. 108
GST Law, Important Pronouncements
Directed the assessee to approach the appellate authority w.r.t. order detaining ‘Teak Sawn Timber’
The Hon’ble Calcutta High Court in Md. Yusuf v. State Tax Officer, Bureau of Investigation [MAT 1426 of 2022 with
Advance Ruling-New
18% GST leviable on Interactive Flat Panel Screens if used for data processing purposes only
The AAR, Chhattisgarh in the matter of M/s. Savex Technologies Pvt. Ltd. [Order No. STC/AAR/06/2022 dated August 17, 2022] has
DGFT, Notification And Circular, Notification and Circular
DGFT included Mobile and Electronic Devices Export Promotion Council in Appendix 2T for issuing RCMC for specific items
The DGFT vide Public Notice 49/2015-2020 dated January 09, 2023 included the Mobile and Electronic Devices Export Promotion Council (“MEDEPC”)
DGFT, Notification and Circular, Notification And Circular
DGFT revised the RoDTEP rates/caps w.r.t. apparent errors and anomalies in 432 HS Codes
The DGFT vide Notification No. 53/2015-2020 dated January 9, 2023 has notified the revised rates/caps for 432 HS Codes in
Advance Ruling-New
18% GST leviable on supplying, installing, testing and commissioning of oxygen pipeline system in Government Hospitals
The AAR, Chhattisgarh in the matter of M/s Goel Medico [Advance Ruling No. STC/AAR/09/2021 dated December 17, 2021] has ruled
Important Pronouncements
Assessee cannot be denied relief under SVLDR Scheme for non-payment due to the legal impediment
The Hon’ble Supreme Court in M/s Shekhar Resorts Limited v. Union of India [Civil Appeal No. 8957 of 2022 dated
CBDT Notification, Notification And Circular, Notification and Circular
Abolished the interest limit of INR 5K to Zero for submission of Statement of Financial Transactions
The CBDT vide Notification No. 1 of 2023 (Income-Tax) dated January 5, 2023 has issued an addendum in its earlier