• CST & VAT / GST
  • GST Rate Changes After Making Payment for Hotel Room Booking: Will It Affect Your Bill?
  • June 16, 2024
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May 23, 2024
The next GST Council meeting is about to hear the plea by online gaming firms on the past tax demands. The Central Government issued notices amounting to Rupees one trillion to the online gaming firms last year. The Supreme Court highlighted that it would hear a batch of petitions challenging demand notices asking online gaming […]
May 23, 2024
The Bruhat Bengaluru Mahanagara Palike (BBMP) warned the defaulters against the dues from property tax and related cesses till May 18 at Rs 711.71 crore. The BBMP West zone, where Mantri Mall was shut down for the third time in six months, had 35,084 properties that owed Rs 103.26 crore. Rs 41 crore is the […]
May 23, 2024
The Enforcement Directorate arrested an Indian businessman in the matter relating to income tax refund fraud of ₹263 crores. The ED, Mumbai Zonal Office arrested Rajesh Brijlal Batreja on May 16, 2024, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. “The ED initiated an investigation based on FIR registered by CBI […]


  • 53rd GST Council Meeting: Here’s What to Watch For
  • 53rd GST Council Meeting: Here’s What to Watch For
  • June 14, 2024
  • The Goods and Services Tax ( GST ) Council is meeting again on June 22nd, 2024, after a long gap of eight and a half months. This meeting is expected to address key issues related to the indirect tax system – GST Regime in India. To rationalise and rework multiple GST rates and simplify the […]
  • show cause notice - section 74 of gst act - goods and service tax - show cause notice analysis - taxscan
  • Show Cause Notice u/s 74 of GST Act: An In-Depth Analysis
  • June 12, 2024
  • Section 74 of the Central Goods and Service Tax Act ( GST ), 2017 defines the adjudication notice under the Goods and Service Tax Act. Provisions in respect of raising show cause notice ( SCN ) demanding tax, interest and penalty have been made in section 74 of the act. Under any of the following […]
ITAT - Income Tax Appellate Tribunal - section 153A of the Income Tax Act - mandatory approval - taxscan
June 16, 2024

The Delhi bench of the Income Tax Appellate Tribunal( ITAT ) has held that assessments concluded under section  153A  of the Income Tax Act, 1961 without mandatory approval are invalid. The Section 153D of the Income Tax Act mandates that no order of assessment or reassessment shall be passed by an AO below the rank...

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ITAT culcutta - income tax bar association - central board of direct taxes - section 80G (5)(iv) of the income tax act - taxscan
June 16, 2024

The Calcutta Bench of Income Tax Appellate Tribunal ( ITAT ) has held that exemption under Section 80G (5)(iv) of the Income Tax Act, 1961 allowable as an application filed within the extended time limit prescribed by CBDT ( Central Board of Direct Taxes ) notification allowed the exemption registration to the income tax bar...

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madras high court - show cause notice - gst liability - 10% pre deposit - taxscanmadras high court - show cause notice - gst liability - 10% pre deposit - taxscan
June 16, 2024
In a recent ruling, the Madras High Court remanded the matter and set aside the GST ( Goods and Services Tax ) order was confirmed by the authorities due to non-response to the SCN ( Show Cause Notice ) in relation to disparity in the GST Returns. The Petitioner, Yesem Marketing, represented by its Proprietrix claimed she couldn't respond to a show cause notice due to personal difficulties, thereby necessitating this writ petition. The petitioner's counsel submitted that statutory rules
Vizhinjam International Seaport - Import - export - Vizhinjam Seaport - Customs operations - taxscan
June 15, 2024

The Central Government, vide notification no. 42/2024-CUSTOMS (N.T.) dated 12th June 2024 has added the Vizhinjam International Seaport for the purpose of Import and Export Operations of Goods under Customs. The notification states as follows: “In exercise of the powers conferred by clause (a) of sub-section (1) of the section 7 of the Customs Act, 1962,...

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Medical Evidence for Condonation delay - CESTAT - Madras High Court - writ petition - taxscan
June 14, 2024

The Madras High Court dismissed the writ petition filed against the CESTAT ( Customs, Excise & Service Tax Appellate Tribunal ) appeal filed on delay of 2727 days citing insufficient medical evidence. The Petitioner, Vision Holidays filed the writ petition against the CESTAT appellate order on 23.02.2016. As per Section 86 of the Finance Act,...

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  • MCA - Booklet - BE(A)WARE - Fraudulent Schemes - taxscan
  • MCA releases Booklet ‘BE(A)WARE’ on Measures to Overcome Fraudulent Schemes
  • November 16, 2022
  • The Ministry of Corporate Affairs ( MCA ) has released a booklet titled “BEWARE” for the public to overcome the fraudulent schemes. There has been a surge in usage of digital modes of payment in the recent years. This gained further momentum during the Covid-19 induced lockdowns. While enhancing customer convenience, it also furthered the […]
  • GST - Crypto - CBIC - Working - Framework - TAXSCAN
  • GST on Crypto: CBIC Working on Defining Legal Framework
  • November 14, 2022
  • In a significant move, the Central Board of Indirect Taxes and Customs (CBIC) is working on defining a legal framework for applying goods and services tax (GST) on crypto or virtual digital assets appears to be around the corner, with the working on an agenda paper on the topic. The board has been interacting with […]
  • Govt - Rupee settlement - Export - Promotion Schemes - taxscan
  • Govt allows Rupee Settlement in Export Promotion Schemes [Read Notification]
  • November 10, 2022
  • In a major relief to the exporters, the Ministry of Commerce and Industry has notified the change in the Foreign Trade Policy 2015-2022  comes after the Reserve Bank of India had, on 11th July 2022, issued guidelines for the settlement of international trade in Indian rupees. Following this, the central government has made changes to […]
Justice Sharad Kumar Sharma - Sharad Kumar Sharma - NCLAT - taxscan
June 14, 2024
Justice Sharad Kumar Sharma, a judge at the National Company Law Appellate Tribunal ( NCLAT ) in Chennai, stepped down from a recent case. He recused from the hearing as the parties involved in the case allegedly tried to influence him. Justice Sharma requested the court administration to assign the case to a different panel […]
IBBI - Insolvency - bankruptcy - CIRP - IPs - Insolvency professionals - corporate news - TAXSCAN
June 12, 2024
In a bid to streamline the compliance process for Insolvency Professionals ( IPs ), the Insolvency and Bankruptcy Board of India ( IBBI ) has proposed significant changes to the Compliance Reporting Framework under the Corporate Insolvency Resolution Process ( CIRP ). IBBI has released a discussion paper proposing ways to simplify and improve CIRP […]
IBBI - Insolvency and bankruptcy board of india - IBC - Claims under ibc - insolvency - TAXSCAN
May 25, 2024
As per the latest data from the Insolvency and Bankruptcy Board of India ( IBBI ) the creditors have recovered 2.16 per cent, or Rs 102.78 crore, of their admitted claims from personal guarantors under the Insolvency and Bankruptcy Code ( IBC ). The IBBI data shows of the 383 admitted personal guarantors’ insolvency processes, […]
Dispute on Contractual Conditions - Place of Delivery and Obligation - Transport of Goods - Pre - Existing Dispute - IBC - NCLAT - TAXSCAN
May 24, 2024
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the dispute on contractual conditions on place of delivery and obligation on transport of goods is “pre-existing dispute” under the Insolvency and Bankruptcy Code, 2016 (IBC). The appeal arose from the order passed by the Adjudicating Authority (National Company Law Tribunal, […]
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