GST Council likely to reject CCI plea for exemption of indirect tax
A request from statutory bodies like the Competition Commission of India (CCI) and the International Financial Services Centers Authority (IFSCA) […]
GST Recent News
Important Pronouncements
CESTAT: Burden of proof lies on Revenue w.r.t. intention of assesse to evade Excise Duty
In M/S. Mahatma Gandhi University of Medical Sciences and Technology v. Commissioner, Central Excise & Central Goods and Service Tax,
Advance Ruling-New
Transfer of Development Rights under JDA taxable on value of similar flats offered to independent buyers
In M/s. Thiru Neelakanta Realtors Ltd [ORDER No. 33/ARA/2021 dated August 17, 2021], M/s. Thiru Neelakanta Realtors Ltd (“the Applicant”)
Important News
Advisory for Taxpayers regarding Generation of EWB where the principal supply is Supply of services
The Goods and Services Tax Network (GSTN) has issued an Advisory dated September 16, 2021 for taxpayers regarding Generation of
GST Recent News
Bihar: ₹10 crore tax evasion on tobacco products detected in raids
The Commercial taxes department has detected tax evasion worth ₹10 crore in tobacco-related products by 26 firms across Bihar during surprise
Important News
CNBC-TV18: GST Council-nominated Fitment Committee has rejected several proposals of rate change
As per the recent tweet of CNBC-TV18, Sources says the GST Council-nominated Fitment Committee rejects several proposals of rate change.
Press Release, Press Release
Government approved PLI Scheme for Auto Industry and Drone Industry to enhance India’s manufacturing capabilities
Taking steps forward towards the vision of an ‘Aatmanirbhar Bharat’, Government led by Hon’ble Prime Minister, Shri Narendra Modi, has
GST Recent News
Industry concerned over plans to hike GST on packed edible coconut oil
Coconut oil manufacturers are agitated over the reported move to hike GST on packed edible coconut oil from five to
Press Release, Press Release
DGGI Gurugram arrests 3 persons, including mastermind, commission agent and CA in racket of fictitious firms involving fake ITC of 121 crore
The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested 3 persons including a CA on
Important Pronouncements
Right to avail Transitional Credit not affected due to amendment prescribing ITC time limit
In Micromax Informatics Ltd vs. Union of India & Ors. [W.P.(C) 8026/2021 & CM 24992/2021 dated September 02, 2021], the