GST Council to consider input tax credit to hotels, restaurants; may increase GST to 12-18%
The Government could give input tax credit to hotel and restaurant industry which is currently not given at the current […]
GST Recent News
News
Deposit of amount in No-Lien/Escrow account will not constitute ‘Actual Payment’ u/s 43B of IT Act: Orissa HC
The Orissa High Court has ruled that deposit of amount in ‘no-lien/escrow account‘ will not constitute ‘actual payment’ under Section 43-B of the Income Tax Act, 1961 (“the Act”). The
News
Holding company not liable to deduct TDS on the share purchase transaction by its subsidiary: Bombay HC
The Bombay High Court has held that even if a holding company was considered as an ultimate beneficiary of a share purchase
GST Recent News
Traders’ body CAIT urges FM Nirmala Sitharaman to waive mandatory GST registration for e-commerce sellers
Traders’ body Confederation of All India Traders (CAIT), which represents 8 crore traders across 40,000 trade associations across India, on
GST Recent News
Poultry Crates attracts 18% GST: Maharashtra AAR
The Maharashtra Authority of Advance Ruling (AAR) consisting of Rajiv Mangoo and T.R. Ramnani has ruled that Goods and Service Tax (GST) at the rate of
GST Recent News
DRI can’t exercise the power under the Customs Act, HC quashes Search and Seizure
The Chhattisgarh High Court Bench of Justice P. Sam Koshy has quashed the unauthorised search and seizure proceedings and summons issued by the Directorate
Important News
Income Tax Dept. issued Annual Information Statement Handbook v2.0 March 2022
The Directorate of Income Tax (Systems) issued the Annual Information Statement (“AIS”) Handbook version 2.0 (March 2022) to develop common
Important News
GSTN mandates Aadhaar authentication to claim refunds
The Goods and Services Tax Network (“GSTN”) has blocked the submission of refund applications unless Aadhaar authentication has been done.
GST Recent News
Challan can be rectified to correct bonafide errors: Delhi HC directs VAT Dept. to allow changes in Tax Period
The Delhi High Court bench, consisting of Chief Justice Dhirubhai Naranbhai Patel and Justice Jyoti Singh, directed the Value Added Tax (VAT)
Notification And Circular, Notification and Circular
CBIC amended circular on ‘Proper officer u/s 73 and 74 of the CGST Act, 2017 and under the IGST Act, 2017′
The CBIC issued Circular No.169/01/2022-GST dated March 12, 2022 regarding the amendment to Circular No. 31/05/2018-GST, dated February 09, 2018