Foreign Affiliate Services to related Domestic Entities with full ITC Availability deemed as Open Market Value: CBIC issues Circular [Read order]

The Central Board of Indirect Taxes and Customs has issued a Clarification on valuation of supply of import of services by a related person where recipient is eligible to full…

Continue ReadingForeign Affiliate Services to related Domestic Entities with full ITC Availability deemed as Open Market Value: CBIC issues Circular [Read order]

GST Liability confirmed due to No objections filed on GSTR 3B and GSTR 2A Mismatch: Madras HC directs Reconsideration on 10% Pre-deposit [Read Order]

The GST order had been confirmed due to the petitioner’s failure to file objections or attend the personal hearing. The Madras High Court has directed a reconsideration of the 10%…

Continue ReadingGST Liability confirmed due to No objections filed on GSTR 3B and GSTR 2A Mismatch: Madras HC directs Reconsideration on 10% Pre-deposit [Read Order]

[BREAKING] Three-Month Period for Filing Tribunal Appeals in GST Appellate Tribunal to start from date to be notified by Government, recommends GST Council

Major Relief for Taxpayers as GST Council eases Appeal filing Deadlines Top Stories [BREAKING] Three-Month Period for Filing Tribunal Appeals in GST Appellate Tribunal to start from date to be…

Continue Reading[BREAKING] Three-Month Period for Filing Tribunal Appeals in GST Appellate Tribunal to start from date to be notified by Government, recommends GST Council

Shahjahanpur GST Raid reveals ₹1.2 Cr Goods and Services Tax Fraud at Tractor Agency

Shahjahanpur GST Raid reveals ₹1.2 Cr Goods and Services Tax Fraud at Tractor Agency Post author:admin Post published:April 30, 2024 Post category:Income Tax / Tax Laws Post comments:0 Comments Vineet Tractor Agency…

Continue ReadingShahjahanpur GST Raid reveals ₹1.2 Cr Goods and Services Tax Fraud at Tractor Agency

Relief to Hitachi Systems: Madras HC sets aside GST DRC-07 Order Due to Lack of Document Response Opportunity with Pre-Deposit Conditions [Read Order]

The Madras High Court, while granting relief to Hitachi Systems India, set aside the Goods and Services Tax ( GST ) DR C -07 order due to lack of opportunity…

Continue ReadingRelief to Hitachi Systems: Madras HC sets aside GST DRC-07 Order Due to Lack of Document Response Opportunity with Pre-Deposit Conditions [Read Order]

IBBI issues Circular to Enhance Transparency and Stakeholder Engagement in Liquidation Process

Top Stories IBBI issues Circular to Enhance Transparency and Stakeholder Engagement in Liquidation Process IBBI issued circular to enhance transparency and stakeholder engagement in liquidation process By Kalyani B. Nair…

Continue ReadingIBBI issues Circular to Enhance Transparency and Stakeholder Engagement in Liquidation Process

Deduction of TDS by Donor on Grants does not Disentitle NGO from exemption u/s 11 of Income Tax Act: Delhi HC [Read Order]

he Delhi High Court ruled that the deduction of TDS by donor on grants does not disentitle NGO from exemption under Section 11 of the Income Tax Act, 1961. The…

Continue ReadingDeduction of TDS by Donor on Grants does not Disentitle NGO from exemption u/s 11 of Income Tax Act: Delhi HC [Read Order]

Revocation of Customs Broker Licence for more than 4 Years due to Facilitating Fraudulent Import and Export: CESTAT sets aside Revocation of License [Read Order]

The Chennai bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) set aside the revocation of the Customs Broker licence for more than 4 years due to…

Continue ReadingRevocation of Customs Broker Licence for more than 4 Years due to Facilitating Fraudulent Import and Export: CESTAT sets aside Revocation of License [Read Order]

DVAT Registration Credentials Misused by Third Person for availment ITC under GST Act: Delhi HC Stays SCN [Read Order]

Top Stories DVAT Registration Credentials Misused by Third Person for availment ITC under GST Act: Delhi HC Stays SCN [Read Order] The petitioner, registered under DVAT Act pre-CGST, never applied…

Continue ReadingDVAT Registration Credentials Misused by Third Person for availment ITC under GST Act: Delhi HC Stays SCN [Read Order]