No wilful evasion of tax: Madras HC quashes prosecution u/s 276C (2) of the IT Act
The Madras High Court has ruled that prosecution under Section 276C (2) of the Income Tax Act for wilfully attempting to evade […]
GST Recent News
News
‘No Procedural Irregularity’: Madras HC dismisses TN state marketing corporation’s plea against re-assessment orders u/s 148 of the IT Act
Madras High Court has held that the writ petition filed by Tamil Nadu State Marketing Corporation Ltd challenging the Assessment
GST Recent News
No manufacturing activity within state, ITC cannot be denied under JVAT Act: Jharkhand HC
The Jharkhand High Court has ruled that Input Tax Credit can be denied on Inter-State sale or transfer of stock under Section
Important News
GST Compliance Calendar for the month of April 2022
Important dates in April 2022 for compliance under Goods and Services Tax (GST). The complete Compliance Calendar can be accessed
Press Release, Press Release
GST revenue collected in the month of March 2022 is ₹ 1,42,095 crore
The gross GST revenue collected in the month of March 2022 is ₹ 1,42,095 crore of which CGST is ₹ 25,830 crore, SGST
Notification and Circular, Notification And Circular
Exemption of IGST & Compensation Cess on imported goods or procured by EOU’s, STP Units, EHTP units etc., till June 30, 2022
The CBIC vide Notification No. 18/2022-Customs dated March 31, 2022 has issued amendments in Notification No. 52/03-Customs dated March 31,
GST Recent News
18% GST payable on supply of functional cattle feed plant, inclusive of erection, installation, commissioning: AAR
The Gujarat Authority of Advance Ruling (AAR) has ruled that the 18% GST is applicable on supply of a functional Cattle Feed
GST Recent News
Framework for GST summons in works
The government is drawing up a framework for issuing summons to the top management of companies or arrest by goods
Notification And Circular, Notification and Circular
Exemption of IGST & Compensation Cess on imported goods under FTP 2015-2020 extended till June 30, 2022
The CBIC vide Notification No. 19/2022-Customs dated March 31, 2022 has issued amendments in Notification No. 16/2015-Customs, dated April 1,
GST Recent News
Interest Liability under GST can’t be raised without initiating adjudication process if assessee raises dispute: Jharkhand HC
The Jharkhand High Court bench of Justice Aparesh Kumar Singh and Justice Deepak Roshan has ruled that if an assessee disputes the liability of interest, either