Demand Order issued due to GST ITC claimed under wrong GSTIN by Suppliers: Allahabad HC orders fresh decision as per Circular No. 183/15/2022-GST [Read Order]

Top Stories Demand Order issued due to GST ITC claimed under wrong GSTIN by Suppliers: Allahabad HC orders fresh decision as per Circular No. 183/15/2022-GST [Read Order] Considering that Circular…

Continue ReadingDemand Order issued due to GST ITC claimed under wrong GSTIN by Suppliers: Allahabad HC orders fresh decision as per Circular No. 183/15/2022-GST [Read Order]

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…

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

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…

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

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…

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