GST intel busts laundering racket involving UP firm
In one of the biggest cases of money laundering unearthed in recent times, the Meerut zonal unit of the Directorate […]
GST Recent News
Important Pronouncements
Income Tax deduction allowed by Karnataka High Court on loss suffered by assessee on Foreign Rate Fluctuation
The Hon’ble Karnataka High Court in P.R Commissioner of Income Tax v. M/s United Spirits Ltd. [I.T.A. No. 548/2015 c/w
Important Pronouncements
HC: Sets aside clarificatory circular taking away assesse’s substantive right by denying exemption on fish meal
In Jenefa India vs. Union of India & Ors. [W.P.(MD) No.16770/2019 decided on October 5, 2021] Hon’ble Madras High Court
Notification And Circular, Notification and Circular
Clarification on certain GST refund related issues
The CBIC vide Circular No. 166/21/2021-GST dated November 17, 2021 issued clarification on certain GST refund related issues. Various representations
News
Customs writes to Adani Ports SEZ on banning exim cargo from Pakistan, Iran and Afghanistan
Indian customs has written to the Adani Ports SEZ Ltd questioning its move to ban both import cargo from Pakistan,
Notification And Circular, Notification and Circular
Clarification on applicability of Dynamic QR Code on B2C invoices
The CBIC vide Circular No. 165/21/2021-GST dated November 17, 2021 modified the Entry at S. No. 4 of the Circular
Important News
CBDT issued refunds of over Rs. 1,19,093 crore to more than 1.02 crore taxpayers from April 01, 2021 to November 15, 2021
As per the recent tweet of Income Tax India, the Central Board of Direct Taxes (CBDT) has issued refunds of
GST Recent News
Govt likely to classify cryptocurrency exchanges as e-commerce platforms; levy 1% TCS
The Centre is planning to classify cryptocurrency exchanges as e-commerce platforms and levy a one percent tax collected at source
GST Recent News
E-way bill generation slackens in November post festive season spur
The pace of e-way bill generation slackened in the first half of November against the previous month, signalling a possible
Important Pronouncements
Reasoned order to be passed against the accused taxpayer involved in passing on fake ITC without actual movements of goods
The Hon’ble Gauhati High Court in Krit Kunal Dhawan v. State of Assam and Ors. [WP(C)/5642/2021, dated October 29, 2021]