Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT )  held that capital gain arising out of transfer of shares of an Indian entity cannot be taxed at…

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GSTN releases Offline Utility for GST Annual Return and Reconciliation Statements for FY 2023-24

Top Stories GSTN releases Offline Utility for GST Annual Return and Reconciliation Statements for FY 2023-24 The latest release includes several key updates and enhancements aimed at improving the GST…

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CGST uncovers GST Fraud of Rs. 760 crores, Arrests Two for Issuing Bogus Invoices and KYC document Misuse

The Central Goods and Services Tax ( CGST ) department exposed two major GST frauds worth Rs. 760 crore, leading to the arrest of two individuals in Mumbai. These operations…

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RBI Orders Payment Service Providers to Review of Payment Systems for Improved Accessibility to Persons with Disabilities

The Reserve Bank of India ( RBI ) has issued a directive urging Payment Service Providers ( PSPs ), including banks and authorised non-bank entities, to review and modify their…

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Navigating GST Show Cause Notices for ITC Reversal Due to Non-Payment Within 180 Days [Find Draft Reply Format Here]

Top Stories Navigating GST Show Cause Notices for ITC Reversal Due to Non-Payment Within 180 Days [Find Draft Reply Format Here] This comprehensive guide will help you navigate the complexities,…

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