Sixteen states/UTs did not need GST compensation in May, 2022
As many as 16 states and Union territories, mostly smaller states except for Bihar and Odisha, did not receive any […]
GST Recent News
Notification And Circular, Notification and Circular
CBIC introduced changes in Customs system w.r.t. AD Code registration in exports
The CBIC vide Advisory No: 10/2022 dated June 14, 2022 has introduced changes in the Customs System w.r.t. Authorised Dealer
GST Recent News
Credit Availed by Indian Overseas Bank on the Service Tax paid on deposit Insurance Service is eligible for CENVAT Credit: CESTAT
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) consisting of Sulekha Beevi C.S. (Judicial Member) and P. Anjani Kumar (Technical
GST Recent News
GST Council-Appointed GoM to Meet on June 17; likely to discuss GST Rate Rationalisation
Karnataka Chief Minister Basavaraj Bommai-led group of ministers (GoM), which was set up last year by the GST Council to suggest ways
GST Recent News
Rajasthan GST Officer arrested for allegedly taking Bribe
The Rajasthan Anti-Corruption Bureau on Tuesday arrested a Central Goods and Services Tax (CGST) officer in Bharatpur district with bribe
Important Pronouncements
No Service Tax payable on the liquidated damages received in the nature of penalty
The CESTAT, Delhi in M.P. Audyogik Kendra Vikas Nigam (Indore) Limited v. Commissioner, Central Goods, Service Tax and Central Excise.
News
Compensation awarded for Property acquired for Bullet Train project not taxable: Bombay HC
Compensation or income received by certain land-owners on account of the property acquired by the National Hi-Speed Rail Corporation Ltd
Notification And Circular, Notification and Circular
CBDT notified the applicable Cost Inflation Index for Assessment Year 2023-24
The CBDT vide Notification No. 62/2022 – Income-Tax dated June 14, 2022 has issued amendments in Notification No. 44/2017 –
Notification And Circular, Notification and Circular
CBIC issued guidelines w.r.t. sanction, post-audit and review of refund claims
The CBIC vide Instruction No. 03/2022 dated June 14, 2022 has issued guidelines w.r.t. sanction, post-audit and review of refund
News
Commission earned on distribution of Indian Mutual Fund outside India, not taxable: ITAT Mumbai
The Mumbai Bench of ITAT has ruled that the commission earned on distribution of Mutual Funds schemes of an Indian fund outside