• Headlines
  • ICAI Articleship Registration: Few more Days for Candidates to Apply
  • October 27, 2021
October 22, 2021
The Institute of Cost Accountants of India (ICMAI) has notified the Syllabus and Examination Fees for the CMA December 2021 Foundation Exam through online mode using mobile / laptop / desktop /tab from their home only. The examination will be held on 2nd January, 2022. Paper 1 shall include Fundamentals of Economics & Management (100 […]
October 21, 2021
Money in, money out, that’s what online casinos are all about. Hopefully, and with a little luck, you’ll be withdrawing more than you deposited, but you’ll have to play to find out. Players across India are finding entertainment, earning opportunities, and fun at online sites, such as JeetPlay. As more and more Indians come online, casinos across the […]
October 20, 2021
The Madras High Court while remanding the matter back to the Assessing Officer for fresh adjudication on levy of purchase tax held that the AO is an independent authority to take decisions based on facts and law. The respondent, M/s.Sunrise Foods Private Limited who is a dealer registered under the provisions of the Tamil Nadu […]

  • Alternate remedy under GST - GST - TaxscanAlternate remedy under GST - GST - Taxscan
  • Alternate Remedy under GST: Is it Really Available?
  • October 15, 2021
  • Unlike the erstwhile regimes, where filing a writ petition was considered a rare event, the GST era has witnessed innumerable writ petitions in the last four years. The question that has arisen multiple times is whether a writ petition can be filed for issues where there is an alternate remedy? Should the High Court entertain […]
  • GSTR-9 - Latest GST Changes - Taxscan
  • Know the Checklist for Filing GSTR-9 filing for FY 2020-21 with Latest GST Changes
  • September 16, 2021
  • The GSTR-9 is an annual return to be filed by all registered taxpayers under GST except a handful. It is an annual compilation of outward supplies, inward supplies, tax liability, and input tax credit availed during a financial year. It is due to be filed by 31 December of the year following the particular financial […]
  • Late fees amnesty scheme - Taxscan
  • Late Fees GST Amnesty Scheme: Clearing the Air
  • September 15, 2021
  • Background In its 43rd meeting, the GST Council paved way for the much-awaited GST amnesty scheme. The scheme has permitted taxpayers who haven’t filed their GSTR 3B for any tax period which lies between July 2017 to April 2021, to file their returns with reduced fixed late fees. The late fees were also rationalized for […]
CBIC - GST Officer - SCNs - ITR - TDS - Service Tax Returns - Taxscan
October 27, 2021

The Central Board of Indirect Taxes and Customs (CBIC) directed the GST Officer to issue show-cause notices based on the difference in ITR-TDS data and service tax returns only after proper verification. The Board has received representations from various trade bodies and associations regarding instances of indiscriminate issuance of demand notices by the field formations […]

Madras High Court - Notice - Constitutional validity - Faceless Assessment Scheme - Taxscan
October 27, 2021

The Madras High Court has issued the notice to the Centre on plea challenging the constitutional validity of the Faceless Assessment Scheme. The petitioner, M/S.Navitas LLP has challenged Section 144B of the Income Tax Act of 1961, which was inserted by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. The […]

CESTAT - Service Tax demand - establishment costs - Taxscan
October 25, 2021
The Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) quashed the Service Tax demand as remittances made for meeting establishment costs at the location of Branches. The appellant, M/s Kusum Healthcare Ltd has challenged order-in-original of Commissioner of Central Excise, Alwar demanding tax of Rs.4,28,30,862 for 2014-15 on the finding that remittances made to their branches and offices abroad were ‘consideration’ for ‘taxable service’ procured from outside the ‘taxable territory’ which, according to Learned Counsel for the
Lubricants - excisable goods - SVLDRS - Madras High Court - Indian Oil Corporation - Taxscan
October 26, 2021

In a major relief to Indian Oil Corporation, the Madras High Court ruled that Lubricants can’t be considered to be excisable goods for purposes of the Sabka Viswas (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS). The petitioner, M/s. Indian Oil Corporation Limited is engaged in the manufacture of lubricants that fall under Chapters 27, 34, and […]

CBIC - RoDTEP - AA - EOU - SEZ exports - Taxscan
October 25, 2021

The Central Board of Indirect Taxes and Customs (CBIC) has constituted the Committee for determining RoDTEP rates for AA or EOU or SEZ exports. The Government vides Order dated October 18, 2021, has constituted a Committee for determination of RoDTEP rates for AA/EoU/SEZ exports and to give a supplementary report/ recommendations on issues or representations, […]

re-export goods - confiscation - Customs Authority - Insecticides for re-export - Taxscan
October 24, 2021

The Punjab and Haryana High Court while directing the Customs Authority to provisionally release Insecticides for re-export held that the option to re-export goods was given even if Goods were liable to absolute confiscation. The petitioner, M/s Modern Insecticides Limited had exported what is termed to be ‘Sulphur Formulation’ to a Sister Concern in Dubai; […]

Punjab and Haryana High Court - DRI - proper officer - show cause notice - Taxscan
October 19, 2021

The Punjab and Haryana High Court quashed the entire proceedings as Joint Director, DRI is not ‘the proper officer’ to issue show-cause notice. The petitioner, M/s Steelman Industries has stated in the application that the Supreme Court of India in M/s Canon India Pvt. Ltd. held that the Joint/Additional Director (in short “DRI”) is not […]

December 7, 2020

A two-judge bench of the Madras High Court has denied the benefit of exemption of urban land tax to Chennai Port Trust under the provisions of the Tamil Nadu Urban Land Tax Act of 1996. While considering an appeal filed by the State, Chief Justice Amreshwar Pratap Sahi and Justice Senthilkumar Ramamoorthy ruled that the […]

No plan - impose Property Tax - Union Territory of J&K - LG Manoj Sinha - opposition - Taxscan
October 20, 2020

The Lieutenant Governor (LG) of Jammu and Kashmir, Manoj Sinha while Putting speculations to rest said that the Union Territory administration would not levy any property tax on the people in Jammu and Kashmir. Earlier this month, the Union home ministry had empowered the union territory’s administration to impose the property tax following an amendment […]

OECD - report - Inheritance Taxation - OECD Countries - Taxscan
May 18, 2021
The Organisation for Economic Co-operation and Development (OECD) has released the report on Inheritance Taxation in OECD Countries. The purpose of the report is to Compare and assess inheritance, estate and gift taxes across OECD countries and Explore the role that these taxes could play in raising revenue, addressing inequalities and improving the efficiency of […]
Tax Rates - DTAA - Dividend - DDT - ITAT - Taxscan
April 2, 2021
The Government notified the Double Taxation Avoidance Agreement (DTAA) and prevention of fiscal evasion with respect to taxes on income with the Government of Islamic Republic of Iran. The Agreement between the Government of the Republic of India and the Government of the Islamic Republic of Iran for the avoidance of double taxation and prevention […]
Artists - social media influencers - VAT - UAE - Taxscan
March 8, 2021
The UAE’s Federal Tax Authority (FTA) on Sunday said that services provided by artists and social media influencers for consideration are subject to Value Added Tax (VAT). This announcement was shared in the latest Basic Tax Information Bulletin issued by the FTA on the tax treatment of supplies provided by artists and social media influencers. […]

SEBI - IPF - ISF - Taxscan
October 25, 2021
The market regulator, Securities and Exchange Board of India (SEBI) has amended the  framework on Investor Protection Fund (IPF) or Investor Service Fund (ISF). The new framework will come into effect from January 1, 2022. “The Stock Exchanges shall ensure that once a member has been declared defaulter, the claim (s) shall be placed before […]
SEBI - Investor Grievance Redressal System - Arbitration Mechanism - Taxscan
October 25, 2021
The market regulator, Securities and Exchange Board of India (SEBI) has amended the Investor Grievance Redressal System and Arbitration Mechanism. The new framework will come into effect from January 1, 2022. The amendments aimed at further enhancing the effectiveness of investor grievance redressal and arbitration mechanism, have been taken after receiving feedback from the stock […]
Writ Petition - Statutory Alternative Remedy - NCLAT - Delhi High Court - Taxscan
October 24, 2021
The Delhi High Court ruled that the writ petition in High Court is not maintainable as Statutory Alternative Remedy is available at National Company Law Appellate Tribunal (NCLAT). The only basis for the petitioner, Sunil Tandon to approach the High Court was that under the proviso to Section 241(2), it is only the Principal Bench […]
Limitation Period - Appeal - IBC - Date Of Pronouncement - Supreme Court - Taxscan
October 22, 2021
The Supreme Court held that the limitation period For Appeal Under Insolvency and Bankruptcy Code (IBC) begins from Date of Pronouncement, delay in Uploading would not exclude limitation. The petitioner, V Nagarajan raised the question that when will the clock for calculating the limitation period run for proceedings under the Insolvency and Bankruptcy Code (IBC). […]
Provisional Attachment Order - PMLA - Calcutta High Court - Taxscan
October 22, 2021
The Calcutta High Court held that the provisional attachment order ceases to have validity after the expiry of 180 days under the Prevention of Money Laundering Act (PMLA). The petitioner, Gobindo Das has challenged the impugned Provisional Attachment Order passed by the Deputy Director, Enforcement Directorate attaching his bank accounts in question under Section 5 […]
CoO (NP) - DGFT - Taxscan
October 19, 2021
The Directorate General of Foreign Trade (DGFT) has issued the Public Notice stating that all agencies enlisted under Appendix 2E of FTP-2015-20, who have on-boarded on Common Digital Platform for electronic Certificate of Origin (Non–Preferential), can issue CoO (NP) on all India basis with effect from November 1, 2021. “The Directorate General of Foreign Trade […]
RP - GST assessment - NCLAT - Taxscan
October 14, 2021
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench ruled that the Resolution Professional (RP) is not empowered to undertake Revision of GST assessment. The appelllant, Bijoy Prabhakaran Pulipra is a Resolution Professional who has assailed the NCLT’s order under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) holding that there is no […]
transfer of space - SEZ - Taxscan
October 12, 2021
The Government has issued the instruction on an Alternate method for transfer of space by an existing unit under Rule 74 of the SEZ. As per existing provisions, an SEZ unit can exit from an SEZ either under the provisions of rule 74 or 74A of SEZ Rules, 2006. The Government has received representations from […]
Nomenclature ascribed to tax - Supreme Court - Taxscan
October 24, 2021

The Supreme Court held that the nomenclature ascribed to tax does not determine the nature of the levy or its true and essential character. The issues raised by the petitioner, Jalkal Vibhag Nagar Nigam was whether the demand of water tax and sewerage tax is sustainable with reference to the provisions of the UP Water […]

Money Laundering - Telangana High Court - Anticipatory Bail - Taxscan
October 22, 2021
The Telangana High Court refused to grant the Anticipatory Bail to a person accused of Money Laundering worth Rs.1747.45 crores. The petitioner, Mr Bhagavathula Venkat Ramana sought the anticipatory bail on the grounds that the petitioners are falsely implicated in the subject case. They have nothing to do with the alleged offences, which are false […]
Bombay High Court - former Shiv Sena MP Anandrao Adsul - ED - money laundering case - Taxscan
October 21, 2021
The Bombay High Court dismissed the plea by former Shiv Sena MP Anandrao Adsul’s plea to quash Enforcement Directorate summons in a money laundering case. The petitioner, Anandrao Vithoba Adsul had challenged proceedings initiated by ED in connection with the alleged Rs.980 crore fraud at the City Co-operative Bank. It was based on Adsul’s complaint […]
Webinar - Denial of IGST Refund - Rebate to Advance Authorization Holder - Taxscan
June 11, 2021

Tuesday15th June, our next webinar under our SIMPLIFIED banner on the subject ‘Denial of IGST Refund / Rebate to Advance Authorization Holder – Way Forward’ will be held between 5:00 PM and 7:00 PM. CA. NAVJOT SINGH will be our guest speaker for this webinar aimed at professionals and students alike. He has been an […]

Webinar - SEBI - Proposed changes - Promoters, - Promoter Group - Independent Directors - Taxscan Premium Users - Gaurav pingle - taxscan
May 20, 2021

Next Saturday, on 5th June, Taxscan is will be conducting the next program under our SIMPLIFIED banner. The Webinar will be on SEBI’s Proposed changes to the Framework of Promoters, Promoter Group & Independent Directors. CS Gaurav Pingle will be the speaker at this webinar aimed at professionals and students alike. Gaurav Pingle is an […]

Fox Mandal - International Tax Practice - Taxscan
September 9, 2020
Fox Mandal & Associates has appointed Mr. Sandip Mukherjee as Director, International Tax Practice. Sandip would operate from the Pune office and lead the international tax practice of the firm in Southern & Western India. His addition is a part of the firm’s strategic expansion of its Tax Advisory vertical. Sandip has spent about 27+ […]
November 9, 2017
The DMD Advocates has advised Infradigital Technologies Private Limited, a company promoted by Eros Labs Pte. Ltd. in selling its business undertaking engaged in the business of production and distribution of spiritual, devotional and religious audio-visual content and literature to Innertech Media Solutions Private Limited. Innertech is a portfolio company of Times Internet Limited. The business division was transferred […]