Gujarat GST, ATS raid 205 premises & question 91 in 1,200 cr credit scam
The Gujarat State Goods and Service Tax (GST) in a joint operation with the Anti-Terrorist Squad and Crime branch were […]
GST Recent News
GST Recent News
CSR-expenditure incurred in furtherance of business, eligible for ITC : Telangana AAR
Input tax credit (ITC) on expenditure made to meet corporate social responsibility (CSR) is still attracting contradictory rulings from Authority
GST Recent News
Genpact India not intermediary, to get refund under GST: Punjab & Haryana HC
In a major ruling, Punjab & Haryana High Court has quashed a demand by the GST Department against Genpact India
Press Release, Press Release
NFRA introduces audit quality inspections guidelines
The National Financial Reporting Authority (NFRA) has published its audit quality inspection guidelines as a step towards further improving the
GST Recent News
Alcoholic liquor not food or food product, job work related with manufacturing to attract 18% GST: Andhra HC
Alcoholic Liquor is not food’ or food product and job work related with manufacturing of such beverage will attract Goods
News
Panel on tax refunds for exports from SEZs, EOUs to submit report on Dec 20
The government panel tasked to determine tax refund rates for overseas shipments from special economic zones and export-oriented units under
Important Pronouncements
Interest leviable only on cash portion of GST liability with retrospectively from July 1, 2017
The Hon’ble Chhattisgarh High Court in the case of M/s Abis Export India Private Limited v. State of Chhattisgarh, [WPT
GST Recent News
Consumer demand, high commodity prices, and better compliance behind surge in GST collections
In June 2017, when goods and services tax (GST) was launched in India in a grand midnight event in Parliament
Important News
CBIC releases updated 23 E-Brochures as of November 2022
The Central Board of Indirect Taxes & Customs (“CBIC”), Department of Revenue, Ministry of Finance has released an updated 23
News
Centre mulling changes to capital gains tax regime
The government is examining possible changes to the capital gains tax regime to make it simpler, including rationalisation of the