CBIC issued advisory for Anonymised Escalation Mechanism under Faceless Assessment
The CBIC issued an Advisory dated June 28, 2022 for Anonymised Escalation Mechanism under Faceless Assessment. CBIC has endeavored to […]
Important News
News
Two income tax officials from Hyderabad-Visakhapatnam arrested by CBI for taking bribe
CBI sleuths on Saturday arrested two officials of the Income Tax department for accepting bribe to issue TDS certificate. A
Important Pronouncements
Demand of Central Excise Duty cannot be sustained being time barred and in absence of any suppression by the assessee
The CESTAT, Ahmedabad in the matter of Ambica Engineering Works v. C.C.E. & S.T.-Surat-I [Excise Appeal No. 10859 of 2020,
GST Recent News
GST rule changes to help but execution key, say exporters
A raft of changes announced by the Goods and Services Tax (GST) Council last week, including the one to expedite
GST Recent News
Group of Ministers may not tweak 28% GST on online gaming, casinos
The group of ministers (GoM) reviewing the goods and services tax slabs for online gaming, horse racing and casinos is
GST Recent News
Govt could look at two rate GST structure while retaining highest 28% slab: Revenue Secretary
Government is for reducing the number of tax slabs in the GST regime but would want to continue with the
GST Recent News
Ministers’ panel on GST Appellate Tribunal to give recommendations within a month: Revenue secretary
The panel of state finance ministers on setting up a GST Appellate Tribunal is likely to give its recommendation within
Advance Ruling-New
GST is leviable on services provided by the Liaison Office to the Foreign Head Office
The AAAR, Maharashtra in Dubai Chamber of Commerce and Industry [Order No. MAH/AAAR/AM-RM/08/2022-23 dated June 23, 2022] has modified the
GST Recent News
E-invoicing ‘soon to be mandated’ for units with over ₹10 cr and then to ₹5 cr turnover
Businesses with an annual turnover of more than ₹10 crore and then for more than ₹5 crore will soon be
GST Recent News
Haryana approves state EV policy, announces financial incentives to manufacturers
The Haryana government on June 27, 2022 approved the State Electric Vehicle (EV) Policy 2022 offering several financial incentives to