GST payable on Medical Health Insurance Premium for Employees: AAR
The Telangana Authority of Advance Ruling (AAR) consisting of B. Raghu Kiran and S.V. Kasi Visweswara Rao has observed that GST is payable on medical health […]
GST Recent News
GST Recent News
GST not payable on monthly collection not exceeding Rs. 7500 per member of RWA: AAR
The Telangana Authority of Advance Ruling (AAR) consisting of B. Raghu Kiran and S.V. Kasi Visweswara Rao has ruled that GST is
News
Export entitlements and Duty Drawback of Promotion Scheme is an income assessable under “Profits or Gains from Business or Profession”: ITAT
The Visakhapatnam Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the export entitlements and the duty drawback of the
Important Pronouncements
No interest and penalty to be imposed if credit is merely availed but not utilised
The Hon’ble Madras High Court in Aathi Hotel v. Assistant Commissioner (ST) (FAC) [W.P.No.3474 of 2021 W.M.P.Nos.3980 & 3982 of
Notification And Circular, Notification and Circular
CBDT released compliance check functionality to facilitate tax deductors/collectors to verify “Specified Person” under Income Tax
The CBDT vide Notification No. 01 of 2022 dated June 09, 2022 has modified Notification No. 01 of 2021 dated
GST Recent News
Government exploring all options against SC rulings related with IGST on Ocean Freight
The government is exploring all options including filing a review petition against the Supreme Court ruling that struck down levy
Notification And Circular, Notification and Circular
Karnataka GST Dept. issued clarification w.r.t. revocation of cancelled GSTIN beyond 90 days based on Appeal and HC orders
The Karnataka GST Department vide Circular GST No. 01/2022-23 dated June 02, 2022 has introduced revocation of cancelled Goods and
Notification and Circular, Notification And Circular
DGFT extended the last date for filing of annual report under EPCG Scheme for the year 2022-23 till September 30, 2022
The DGFT vide Public Notice No. 13/2015-2020 dated June 09, 2022 has issued amendments in Para 5.15 to Chapter 5
News
Society receiving grant from foreign entity can’t be denied the registration u/s 12A of the IT Act: ITAT
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) consisting of K.Narasimha Chary (Judicial Member) and Bhagirath Mal Biyani (Accountant Member) has
News
Delay in filing Audit reports due to the Hospitalisation of Accountant: ITAT deletes penalty
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the penalty for delay in filing audit reports due to