The CentralBoard of Indirect Taxes and Customs (CBIC) has notified the revised Goods andServices Tax (GST) rates through Notification No. 9/2025-Central Tax (Rate) dated 17 September 2025. The new rates will come into force from…
The Karnataka High Court directed the State tax authorities and departments to reimburse the differential GST ( Goods and Services tax ) amount borne by the contractor on works executed…
The Income Tax Appellate Tribunal (ITAT), Delhi has held that amortisation of goodwill, arising from a scheme of amalgamation approved by the Delhi High Court, cannot be adjusted while computing book profits…
The Ministry of Finance (Department of Revenue) on 17 September 2025 issued three separate notifications: Notification No. 36/2025-Customs (G.S.R. 643(E)), Notification No. 37/2025-Customs (G.S.R. 644(E)), and Notification No. 38/2025-Customs (G.S.R.…
The Reserve Bank of India (RBI) issued notification dated September 15, 2025, announcing a new Master Direction on Regulation of Payment Aggregators (PAs). This comprehensive framework replaces earlier guidelines issued in March…
The Andhra Pradesh High Court set aside an order issued under the GST (Goods and Services Tax ) Act on the ground that it was not signed by the assessing…
The Bombay High Court at Goa has clarified that income tax reassessment proceedings initiated beyond three years are valid where the alleged bogus royalty expenses exceed ₹50 lakh. The division…
The Ministry of Corporate Affairs (MCA) announced the introduction of a new Interactive Voice Response (IVR) system to address persistent OTP (One Time Password) issues faced by foreign directors while…
The Central Board of IndirectTaxes and Customs (CBIC) has notified revised tariff values for select imported commodities including edible oils, brass scrap, areca nut, gold, and silver through Notification No. 56/2025-Customs (N.T.)…
The Income Tax Appellate Tribunal (ITAT), Delhi, has upheld a corporate taxpayer’s accounting treatment of goodwill arising out of amalgamation, ruling that amortization of goodwill is allowed while computing book…