Calling it a “grave error” on part of the GST ( Goods and Services Tax ) authorities, the Calcutta High Court has held that the department cannot recover an entire tax…
In a significant decision, the Gujarat Authority for Advance Ruling (AAR) has provided clarity on the applicability of the margin scheme under GST for dealers of second-hand machinery. The ruling allows businesses…
In a setback for manufacturers of eco-friendly building materials, the Gujarat Authority for Advance Ruling (AAR) has denied 12% GST classification to rice husk boards under the wood products category, citing insufficient…
The Dharwad Bench of the Karnataka High Court recently directed the Joint Commissioner of Commercial Taxes (Appeals), Belagavi to expedite adjudication in two Goods and Services Tax Appeals concerning a penalty demand…
The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), issued Notification No. 24/2025-DGFT dated 11 August 2025, announcing new restrictions on the import of certain goods from Bangladesh.…
A notice from a paying guest accommodation in Bengaluru has caused a stir online after it appeared to tell tenants to pay rent in cash only. The notice warns that…
Finance Minister Nirmala Sitharaman today introduced the Income-tax (No. 2) Bill, 2025 in the Lok Sabha, replacing the earlier February draft that the government withdrew last week. The revised draft carries…
In India, one of the most popular methods to legitimize unaccounted cash (black money) has been to indulge in transaction of purchase of an agricultural land (or farmland) at a…
While refusing to quash the assessment order, the Court acknowledged the peculiar facts of the case and indicated that tax liability could be fastened under Section 93 of the GST…
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) deleted penalty under section 271(1)(c) of Income Tax Act,1961, holding that a legal heir cannot be expected to explain unexplained bank…