CBDT to release Crypto Tax FAQ before July 1 to provide more ‘Clarity’
The Central Board of Direct Taxes (CBDT) will release a list of frequently asked questions (FAQ) on cryptocurrency tax before […]
News
News
Tuition fee is Taxable only when a Corresponding Service is rendered by the Educational Institution: Hyderabad ITAT
The Hyderabad Bench of ITAT has ruled that the tuition fee collected in advance is not taxable in the year of receipt
GST Recent News
GST Council may bring rate on li-ion cells on par with EVs
India may cut the goods and services tax on lithium-ion batteries and bring them on a par with taxes on
Advance Ruling-New
Incentives received for marketing services within India from foreign company cannot be considered as trade discount or export of service
The AAR, Maharashtra in the matter of M/s. MEK Peripherals India Pvt. Ltd., [Advance Ruling No. GST-ARA-59/2020-21/B-56 dated April 27,
GST Recent News
Voluntary payment by outgoing society member subject to GST, says AAR
It is not uncommon for co-operative housing societies (CHS) in Mumbai to seek transfer fees on sale of a flat,
News
Delhi HC quashes reassessment order issued without considering the reply filed by the assessee
The Delhi High Court, consisting of Justice Manmohan and Justice Manmeet Preetam Singh Arora, has quashed the reassessment order issued without considering
GST Recent News
Income from property rented out: GST AAR makes an important ruling
In an advance ruling under GST, the Maharashtra AAR has ruled that the amount received under lease rental services for residential purposes
Notification And Circular, Notification and Circular
TN GST Dept. issued instructions for identification and prevention of bill traders in newly applied registrations
The Tamilnadu GST Department vide Circular No: 10/2022 dated June 07, 2022 has issued instructions regarding the identification and prevention
GST Recent News
Dried, polished turmeric supplied by farmers in a mandi will not attract GST, rules appellate authority
Dried and polished turmeric supplied by a farmer is an agricultural produce and will not attract GST, Maharashtra’s Appellate Authority
GST Recent News
When cos use ‘GST specialists’ to generate flow of unaccounted cash
Several companies, including builders, are turning to dubious consultants to generate unaccounted cash by creating fake bills that provide input