GST officials arrest Delhi-based businessman for passing on fake ITC of Rs 128 cr
GST Intelligence officials have arrested a Delhi-based businessman here for allegedly fraudulently passing on input tax credit (ITC) worth Rs […]
GST Recent News
Important Pronouncements
Charitable Society providing hostel facilities to staff and students is integral part of ‘Educational Activities’, exemption allowed
In Durga Charitable Society v. JCIT [I.T.A. No. 4440/DEL/2015 decided on July 22, 2021] Durga Charitable Society (“the Appellant”) is
Important Pronouncements
Professional and consultancy charges incurred during acquisition of companies cannot be treated as revenue expenses
In M/s. Steer Engineering Pvt. Ltd. v. The Addl. Commissioner of Income Tax [ITA No. 2070/Bang/2018 decided on July 22,
Important Pronouncements
Allowed set off of MAT Credit inclusive of Surcharge, Education Cess
In M/s. Tata Motors Ltd. v. DCIT(LTU)-2 [ITA No. 2397/Mum/2019 decided on June 25, 2021], M/s. Tata Motors Ltd. (“the
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Several companies, individuals get tax notices as data analytics uncovers gaps in filings
Several companies and individuals who may have avoided paying taxes have come under the taxman’s lens following an elaborate investigation based on
Important Pronouncements
GST payable at the time of transfer of possession/ rights in the building to the person supplying development rights
In Re: M/s. Vajra Infracorp India Private Limited [TSAAR Order No.03/2021 decided on July 19, 2021] wherein the assesee is
GST Recent News
Centre not in favour of extending GST compensation period beyond 5 years
The Centre is not inclined towards extending the Goods and Services Tax (GST) Compensation period for States beyond March 2022,
Newsletter
Weekly GST Communique dated July 26, 2021
In this Volume, we bring to you highlights of recent updates and important judgments of last week in the field
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India will continue to attract high foreign investments: Piyush Goyal
Commerce and industry minister Piyush Goyal on Saturday expressed confidence that India will continue to attract high foreign direct investment
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Measures will be taken to dispel notion of ‘tax terrorism’, says Income Tax Official
The Income Tax Department will take measures to dispel notions about allegations of ‘tax terrorism’ (harassing of taxpayers), said D.