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Actuator and Tube Connector in iMT Systems Not “Parts of Clutch”, Classifiable Under Residual Entry: CESTAT in Hyundai Case [Read Order]

The Chennai Bench of the Customs, Excise andService Tax Appellate Tribunal (CESTAT) has held that actuator assemblies and tube connector assemblies used in intelligent manual transmission (iMT)...

Actuator and Tube Connector in iMT Systems Not “Parts of Clutch”, Classifiable Under Residual Entry: CESTAT in Hyundai Case [Read Order]
Mansi Yadav

Understanding Offences and Penalties under GST: Key Provisions, Enforcement Powers and Judicial View

The Goods and Services Tax framework contains extensive provisions to deal with non-compliance, tax evasion and fraudulent practices. The GST authorities can resort to a range of measures, from...

Understanding Offences and Penalties under GST: Key Provisions, Enforcement Powers and Judicial View
Mansi Yadav

Calcutta HC Remands GST ITC Dispute to Appellate Authority after Customs Clarifies Manual Bills of Entry Issue [Read Order]

The Calcutta High Court has set aside an ex-parte appellate order confirming GST ( Goods and Services Tax ) demand on account of alleged excess availment of ITC on import of goods. The Court,...

Calcutta HC Remands GST ITC Dispute to Appellate Authority after Customs Clarifies Manual Bills of Entry Issue [Read Order]
Mansi Yadav

Why was the Union Budget earlier presented at 5 PM and why was it changed?

For many decades, the Union budget was presented at 5 PM, which in fact was the legacy of the colonial era. During the colonial period, the budget presentation was presented as per the...

Why was the Union Budget earlier presented at 5 PM and why was it changed?
Navasree A.M

Student cannot be Taxed for Temporary Family Deposits made to Show Financial Capacity Abroad: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT), Surat Bench has held that a student cannot be taxed under the Income-tax Act for temporary cash deposits made by family members in his bank account...

Student cannot be Taxed for Temporary Family Deposits made to Show Financial Capacity Abroad: ITAT [Read Order]
Navasree A.M

What Happens If the Union Budget Gets Leaked? India’s 1950s Shock Explained

Every year, the Union Budget is treated like a “top-secret file” until the Finance Minister reads it in Parliament. A Budget leak happens when correct information comes out before Budget...

What Happens If the Union Budget Gets Leaked? India’s 1950s Shock Explained
Kavi Priya

From Caracas to New Delhi: How Venezuela Regime Crisis could Impact India’s Taxes and Oil Imports

In a recent military operation, the U.S. forces captured Venezuelan President Nicolás Maduro and his wife, Cilia Flores. The couple was then taken to the United States on criminal charges. Venezuela...

From Caracas to New Delhi: How Venezuela Regime Crisis could Impact India’s Taxes and Oil Imports
Mansi Yadav

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