• CST & VAT / GST
  • GST Evasion: Gauhati HC grants Bail to person accused of deliberately Supplying Goods without issuing Invoices [Read Order]
  • September 16, 2021
September 13, 2021
The Telangana High Court held that the presumption in favour of Cheque Holder was unsustainable in absence of corroborative evidence regarding debt transactions in Income Tax return. The appellant/complainant, R.Narender has raised the issue whether non-showing of the amount in his income tax return is sufficient to rebut a presumption that the cheque was not […]
September 13, 2021
The Rouse Avenue Court ruled that Accused under Prevention of Money Laundering Act (PMLA) entitled for legal consultation for 20 minutes everyday during the custody to Enforcement Directorate (ED). The Directorate of Enforcement seeking further remand of 09 days of accused Sandeep Singh Madhok and Satinder Singh Madhok to ED custody. By way of applications, […]
September 9, 2021
The online casino gaming industry is taking the world by storm, especially now that we have to stay indoors because of the COVID-19 outbreak. Another reason behind the popularity of online casinos is how accessible they are. You just need funds to bet and a stable internet connection for a smooth gaming experience. For the […]


  • 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 […]
  • financial leases - TDS - Taxscan
  • Are Financial Leases subjected to TDS?
  • September 13, 2021
  • Introduction In today’s time, leasing has become an indispensable element of businesses – Any and every asset movable or immovable, equipment or softwarecan be taken on lease. Colloquially, lease refers to an arrangement where a property owned by one is given for use by another, against regular rentals. In India, there are two types of […]
  • GST on online Gaming - Taxscan
  • GST on online Gaming: Are you game?
  • September 4, 2021
  • With virtual reality ruling all aspects of our lives, gaming is no exception. Owing to the pandemic, not only adults, playground for kids has also shifted on the screens. The online gaming industry in India has seen exponential growth in terms of both, revenue and usage. It is anticipated that the online gaming industry would […]
Export Profits - ITAT - EEFC Account - Income Tax Deduction - Tech Mahindra - Taxscan
September 16, 2021

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has recently allowed a deduction claim of Tech Mahindra and held that the export profits kept in the EEFC account are the income of the business undertaking for which, deduction under section 10A of the Income Tax Act, 1961. The assessee has earned interest income on fixed […]

DSIIDC - CIT(A) - Assessment Order - AO - ITAT - Taxscan
September 16, 2021

In a setback to DSIIDC, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the CIT(A) empowered to revise assessment order on failure of Assessing Officer to make proper inquiry. The assessee, DSIIDC Ltd. is a State Corporation. During the year under consideration, the Corporation is acting as a Developing and Collecting agency […]

Bharti Airtel - CESTAT - CENVAT credit - Taxscan
September 15, 2021
In a relief to Bharti Airtel, the Banglore Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) allowed the CENVAT credit on tower materials and prefabricated buildings or shelters. The appellant, M/s Bharti Airtel contended that tower materials and prefabricated buildings or shelters on which CENVAT credit has been availed by the appellant are ‘capital goods’ and, therefore, the availment of CENVAT credit is valid. The impugned order has denied CENVAT credit of duty paid on goods like angles,
FTP Schemes - Duty Credit Scrips - Taxscan
September 16, 2021

The Government notified the last Date for Submitting applications for Script-based FTP Schemes and the validity period of Duty Credit Scrips. The Government empowered under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy, 2015-20 and the enabling para 3.13 of the FTP, inserted […]

CESTAT - IEC Number - Taxscan
September 15, 2021

The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) said that the Custom Broker to verify genuineness of importer-exporter code, IEC number, identity of client to prevent facilitation of export prohibited goods. The appellant, M/s CSB Logistics is a custom broker under Regulation 11 of CBLR, 2013 to verify antecedent and correctness […]

taxpayer - Excise Duty - CESTAT - Mahatma Gandhi University- Mg - Taxscan
September 13, 2021

In a major relief to the Mahatma Gandhi University, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi Bench ruled that the burden of Proof lies on Revenue to prove the intention of the taxpayer to evade Excise Duty. The appellants, M/s. Mahatma Gandhi University of Medical Sciences and Technology are registered under the […]

CBIC - containers for exporters - Taxscan
September 11, 2021

The Central Board of Indirect Taxes and Customs (CBIC) has eased the availability of containers for exporters. In order to continue the emphasis on enhancing the availability of containers has decided that the field formations also take the 3 measures. To begin with, dispose expeditiously the unclaimed or uncleared or seized or confiscated goods including […]

chennai-port-trust-taxscan
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. […]



NCLAT - Justice AIS Cheema - Taxscan
September 16, 2021
The Centre informed the Supreme Court that it allowed former National Company Law Appellate Tribunal (NCLAT) chairperson Justice AIS Cheema to continue in office till September 20, 2021. The Attorney General, KK Venugopal told a Bench headed by Chief Justice of India NV Ramana and Justices Surya Kant and Hima Kohli that Justice Cheema will […]
NCLAT - IBC - Supreme Court - Limitation Period - Taxscan
September 15, 2021
The Supreme Court held that the National Company Law Appellate Tribunals (NCLAT) are not empowered to condone delay exceeding 15 days from the period of 30 days under the provision of the Insolvency and Bankruptcy Code (IBC). Mr. Maninder Singh, senior counsel appearing on behalf of the appellant, National Spot Exchange Limited has submitted that […]
RBI - FEMA - Taxscan
September 11, 2021
The Reserve Bank of India (RBI) notifies amendments in provision regarding Advance payment against exports under Foreign Exchange Management Regulation. The RBI notified Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021 which seeks to amend Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 by amending Regulation 15(1)(ii). In the Principal […]
Principal officer - decision making authority - fund management - National Institute of Securities Markets - SEBI - Taxscan
September 8, 2021
The Market Regulator, Security and Exchange Board of India (SEBI) on Tuesday has notified the Principal officer having decision making authority related to fund management, to obtain certification from National Institute of Securities Markets. “The associated persons functioning as principal officer of a Portfolio Manager or employee(s) of the Portfolio Manager having decision making authority […]
Associated persons - Portfolio Management Services - National Institute of Securities Markets- SEBI - Taxscan
September 8, 2021
The Market Regulator, Security and Exchange Board of India (SEBI) on Tuesday has notified that associated persons, engaged by a Portfolio Manager as a distributor of the Portfolio Management Services, shall obtain certification from the National Institute of Securities Markets by passing the NISM-Series-XXI-A. The SEBI has notified that the portfolio managers shall ensure that […]
IBBI Disciplinary Committee - IBBI - Taxscan
September 7, 2021
The Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) ordered the Resolution Professional (RP) to disclose voting patterns and file relationship disclosure. Mr. Pramod Kumar Sharma was appointed as an interim resolution professional (IRP) for the corporate insolvency resolution process (CIRP) in the matter of International Recreation and Amusement Limited, Corporate Debtor […]
SEBI - guidelines for Liquidity Enhancement Scheme - Equity Cash - Equity Derivatives Segments - Taxscan
September 6, 2021
The Securities and Exchange Board of India has notified the revised guidelines for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives Segments. Initially, on April 23, 2014, SEBI had issued circular permitting stock exchanges to introduce liquidity enhancement schemes in the equity cash and equity derivatives segments to enhance liquidity in illiquid securities. […]
SEBI - Aadhaar - PAN - Investors - Taxscan
September 5, 2021
The Securities Exchange Board of India ( SEBI ) has directed the investors to link PAN with Aadhaar before September 30th, 2021. As per Central Board of Direct Taxes (CBDT) notification G.S.R 112(E) dated February 13, 2020, the Permanent Account Number (PAN) of a person allotted as of July 01, 2017, shall become inoperative if […]
Andhra Pradesh High Court - Bail - Money Laundering - transactions in banks - Taxscan
September 14, 2021

The Andhra Pradesh High Court granted interim bail to Persons accused of Money Laundering by creating forged documents for transactions in banks. The petitioner, Bhimendra Kumar Goyal has sought bail who is alleged of an offense under Section 3 read with 4 of Prevention of Money Laundering Act, 2002. In pursuance of the conspiracy created […]

Madras High Court - insurance of new vehicle - Taxscan
September 14, 2021
The Madras High Court has withdrawn its earlier Order mandating  “bumper-to-bumper” insurance of new vehicles from September 1, 2021. The single-judge bench of Justice S Vaidyanathan said the “direction issued on August 4 this year in paragraph 13 may not be conducive and suitable for implementation in the current situation. Therefore, the said direction in […]
Entry Tax - Import of Earthmovers - Madras High Court - Taxscan
September 6, 2021
The Madras High Court issued the non-bailable warrants against Company Owners on failure to pay Entry Tax on Import of Earthmovers. The petitioner, Grandhe Construction Private Limited and Sri Murugan Earth Movers sought exemption from entry tax for the imported vehicles. The writ Petitions were filed in the year 2008 and listed for final hearing. […]
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 […]