The tax proposal pertains to a mismatch between the purchase turnover and sales turnover The Madras High Court has granted a hearing opportunity for cases where GST liability was confirmed…
The respondent was directed to provide a reasonable opportunity to the petitioner, including a personal hearing, and issue a fresh order within three months The Madras High Court has set…
The GST ( Goods and Services Tax ) council has recommended 12% GST on all type of sprinklers. The Finance Minister Nirmala Sitaraman presided over the 53rd meeting of the…
The Goods and Service Tax (GST) Council has recommended a common time limit for the issuance of demand notices and orders The Union Finance Minister Nirmala Sitharaman presided over the…
The Authority for Advance Rulings (AAR) in Karnataka ruled that the supply of teachers and lecturers to schools and colleges run by municipalities is exempt from Goods and Services Tax…
The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that service tax is not leviable on discount /incentive received from suppliers of…
Expenditures on freebies to doctors by the pharmaceutical sector violate Medical Council of India (MCI) regulations and disallows deductions under Section 37(1) of the Income Tax Act, 1961 By Aiswarya…
It is certified that no person is being adversely affected by giving retrospective effect to this notification The Central Board of Direct Taxes ( CBDT ) has granted the Income…
RBI directs NBFCs to Limit Loan Amount to Rs. 20,000 RBI Tightens the Screws on NBFC Cash Disbursals By Manu Sharma.The Reserve Bank of India ( RBI ), India’s central…
The Mumbai ITAT directed readjudication with respect to the liability of property tax paid on behalf of the collector. By The Mumbai bench of Income Tax Appellate Tribunal ( ITAT…