Taxscan | Simplifying Tax Laws

Legitimate Trade Should Not Be Crippled: Madras HC Allows Revival of GST Reg Following Suguna Cut Piece Centre Ruling [Read Order]

In a recent ruling, the Madras High Court, allowed the revival of a GST ( Goods and Services Tax ) registration that had been cancelled by the tax...

Legitimate Trade Should Not Be Crippled: Madras HC Allows Revival of GST Reg Following Suguna Cut Piece Centre Ruling [Read Order]

ED makes 3rd Arrest in ₹100 Crore Fake Bank Guarantee Case Linked to Reliance NU BESS Ltd

VAT Turnover included in GST Assessment: Madras HC Remits Case for Fresh Consideration as Dealer...

Income Cannot be Taxed on Current Year When Sales Relates to Other AYs: ITAT Deletes Addition on...

Notice u/s 28(6) of Customs Act Mandatory when Officer Finds Short Payment of Duty or Penalty:...

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Retro Motorcycles Gain Popularity in India

Legitimate Trade Should Not Be Crippled: Madras HC Allows Revival of GST Reg Following Suguna Cut Piece Centre Ruling [Read Order]

VAT Turnover included in GST Assessment: Madras HC Remits Case for Fresh Consideration as Dealer Fails to Substantiate Replies [Read Order]

GST ITC Available on Hydrotreated Vegetable Oil/Renewable Diesel Used for GTA Services u/ Forward Charge Mechanism: AAR [Read Order]

GST Evasion Informer has No Right to Claim Reward: Delhi HC notes Grant is at Discretion of CBIC [Read Order]

Gujarat HC Prevents Levy of VAT on Hospital Supplies as Unsustainable by Constitutional Limits [Read Order]

Income Cannot be Taxed on Current Year When Sales Relates to Other AYs: ITAT Deletes Addition on Mismatch of Sales [Read Order]

Deduction u/s 57 for Bank Charges allowable as it Relates to Interest Income: ITAT Allows Claim...

Taxpayer Acted as Middleman and Not Beneficiary for Forfeited Advance of Property: ITAT Deletes...

Wrongful Assessment on Non-Existent Entity Invalid: ITAT Drops Section 69A Additions [Read Order]

ESOP Cost Rightly Allowed as Business Expenditure: ITAT Sets Aside PCIT Order against Nuvama Wealth...

Supreme Court Dismisses ₹244-Crore Service Tax Demand Against Bharti Airtel Over Employee Call allowance Scheme [Read Order]

Non-Service of SCN: Gauhati HC Sets Aside ₹16.37 Lakh Service Tax Demand, Orders Fresh Adjudication [Read Order]

Service Tax Demand u/s 73(1) of Finance Act: Calcutta HC allows Payment in 8 Instalments, Lifts Account Attachment Subject to Conditions [Read Order]

Service Tax Not Payable on Use of Foreign Technology or Trademarks Not Registered Under Indian Law: CESTAT [Read Order]

No Service Tax on Book Reversal Entries, Security and Electricity Deposits u/s Section 67 of Finance Act: CESTAT [Read Order]

Notice u/s 28(6) of Customs Act Mandatory when Officer Finds Short Payment of Duty or Penalty: CESTAT sets aside order against L&T [Read Order]

Adjournments Cannot Be Granted Mechanically When Appellant Untraceable: CESTAT Dismisses Appeal for Default under Rule 20 [Read Order]

Import of Yogurt Flavoured Milk Drinks through Unauthorized Port Violates Livestock Import Norms: CESTAT Upholds Redemption Fine [Read Order]

No Service Tax Liability on Tournament Subsidy Received for Sponsorship: CESTAT Sets Aside Demand Against Punjab Cricket Association [Read Order]

No Customs Penalty for Misdeclaring Goods in Airway Bills: CESTAT sets aside ₹2L Penalty on Ajanta Pharma [Read Order]

No Gross Negligence or Lack of Bona Fides by Importer: Delhi HC Condones Delay in Filing Appeal Before CESTAT [Read Order]

CESTAT Finds Factual Error in Denial of Duty Exemption on Imported Clinical Trial Drugs, Remands Matter [Read Order]

Financial Debt Default of over Rs. 45 Crores: NCLT Admits SBI's Application and Initiates CIRP Against Giga Pipe Systems [Read Order]

Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9...

Resolution Plan Lacks Feasibility, Viability and IBC Compliance: NCLT Rejects CoC’s ₹1.5 Cr...

IBC’s Time-Bound Framework Bars Relief: NCLAT Refuses to Condone 389-Day Appeal Refiling Delay [Read...

Supreme Court Backs Byju's, rejects US Lender Glas Trust's Plea against NCLT’s Order on Aakash’s...

NCLAT allows Liquidator to remove Auctioned Assets, rejects Reliance Realty's Ownership Claims and...

NCLAT Upholds Denial of Access to Rejected Valuation Reports, Affirms Distinction Between CoC...

E-Way Bill System Under GST: Know Penalties and Consequences of Non-Compliance

Auditing Cryptocurrency? know the basics and How to Report It

Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]

55th GST Council Meeting Recommendations: All You Need to Know

GST on Intermediary Services- Gamut of Clarifications and Litigations!!

Why and How Political Parties Get Income Tax Exemption?

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Financial Debt Default of over Rs. 45 Crores: NCLT Admits SBI's Application and Initiates CIRP Against Giga Pipe Systems [Read Order]

Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9...

Resolution Plan Lacks Feasibility, Viability and IBC Compliance: NCLT Rejects CoC’s ₹1.5 Cr...

IBC’s Time-Bound Framework Bars Relief: NCLAT Refuses to Condone 389-Day Appeal Refiling Delay [Read...

Supreme Court Backs Byju's, rejects US Lender Glas Trust's Plea against NCLT’s Order on Aakash’s...

ED makes 3rd Arrest in ₹100 Crore Fake Bank Guarantee Case Linked to Reliance NU BESS Ltd

Blocking of ITC Cannot Exceed Available Balance, Creation of Negative Credit Ledger Entries Unlawful: Punjab & Haryana HC [Read Order]

Bombay HC Grants Interim Relief to United Spirits: Stays Interest Recovery Under Goa VAT Act Pending Clarity on ENA Taxability [Read Order]

Finance Ministry Allows Aadhaar-Based Verification for Central KYC [Read Notification]

ICAI’s Big Reform: Practicing CAs Can Now Offer SEBI-Registered Research Analyst Services

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