Tax and Finance Professionals preparing the Goods and Services Tax ( GST ) Annual Return ( GSTR-9 ) must follow a detailed checklist to ensure the return is accurate and complete, as no revision option

The GST ( Goods and Services Tax ) E-invoice reporting is mandatory for businesses with Annual Aggregate Turnover ( AATO ) Rs. 5 crore and above. ‘e-Invoicing’ means reporting details of specified GST documents to

The Gauhati High Court directed to file application under section 249(4) of Income Tax Act, 1961 as tax dues mentioned under income tax return ( ITR ) were paid. It was observed that as per

The word bogus refers to fake, false, sham, or not genuine. Bogus purchases under the Income Tax Act, 1961 refer to transactions where taxpayers falsely claim purchases from fictitious or non-existent entities. These claims are

The Ahmedabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) remanded the rejection of a Cost Accounting Standards ( CAS-4 ) certificate in a Special Economic Zone ( SEZ )

The Ahmedabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) set aside the service tax demand issued in 2007 for the assessment period of 1997-98 deeming it time-barred. Aarti Industries Ltd., the

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued detailed clarifications regarding the applicability of concessional duty under the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2022 (IGCR

In a recent ruling, the Madras High Court held that an expired Anti-Dumping Duty ( ADD ) notification cannot be extended. The court directed a reassessment of Huawei Telecommunications's ADD on imports from China strictly

The Goods and Services Tax (GST) regime introduced in India in 2017, unified indirect taxes under a single mechanism, streamlining tax administration and adherence. Entities registered under GST have since been required to file forms

In a recent case before Income Tax Appellate Tribunal ( ITAT ), New Delhi it was ruled that an assessment against a non-existent entity cannot be rectified by invoking Section 292 of the Income Tax

This weekly roundup analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in from 3rd November 2024 to 9th November 2024. Supreme Court upholds NCLAT Order Approving Reduced Claim

The Supreme Court has rejected a petition by the Noida Special Economic Zone (NSEZ) contesting the National Company Law Appellate Tribunal’s (NCLAT) approval of a resolution plan that awarded Rs. 50 lakh to NSEZ, a

This weekly roundup analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in from October 27th, 2024, to, 2nd November 2024. SC reiterates Legal Framework for Withdrawal and Settlement

The Directorate General of Foreign Trade ( DGFT ) has issued a policy circular clarifying that Advance Authorization ( AA ) holders are exempt from obtaining a No Objection Certificate ( NOC ) when procuring

Asset Depreciation is an important factor for consideration when it comes to finance and accounting. Accurately identifying and reflecting the depreciable value of tangible assets is key for businesses to formulate a faultless and comprehensive