This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at Taxscan.in during 2024. Confiscation of Digital Multifunction Equipment due to Non-payment

This Annual round-up analytically summarizes the key Indirect Tax-Goods and Services Tax rulings of the Authority for Advance Rulings (AAR) and Appellate Authority for Advance Ruling (AAAR) reported at Taxscan.in during 2024. GST ITC Claims

December is a joyful month filled with festive lights, family get-togethers, and holiday cheer. As businesses prepare for the busy holiday season and customers shop in full swing, it’s easy to get swept up in

This weekly roundup analytically summarizes the key stories related to the Supreme Court and the High Court reported at Taxscan.in from 24th November 2024 to 29th November 2024. No Legal Action against GST Officers Acting

Unexplained cash deposits have been a focal point of scrutiny in the Indian income tax framework. Section 69A of the Income Tax Act, 1961, is a crucial provision empowering tax authorities to tax unaccounted assets,

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 Goods and Services Tax Network ( GSTN ) set November 30, 2024, as the last date for businesses to correct any mistakes in their Input Tax Credit ( ITC ) Reversal and Reverse Charge

The GST ( Goods and Services Tax ) on the commercial rentals under the Reverse Charge Mechanism ( RCM ) was introduced to prevent the revenue leakages, clarified the Minister of State ( MoS) for

The Madras High Court granted an opportunity for hearing to the assessee who received notices and the orders on discrepancy on the Input Tax Credit ( ITC ) and the Reverse Charge Mechanism ( RCM

The Government has introduced the Goods and Services Tax ( GST ) Amnesty Scheme 2024, following the recommendations of the 53rd GST Council Meeting. As part of this initiative, Section 128A has been incorporated into

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 Madras High Court, in the Ford India’s case, clarified that Input Tax Credit ( ITC ) credited in the Electronic Credit Ledger ( ECRL ) can be utilised for the mandatory pre-deposit for GST

This weekly round-up analytically summarizes the key stories of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported at taxscan.in, from November 16, 2024 to November 23, 2024. Commissioner Fails to Justify Declaration as

The Bangalore Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) allowed Cenvat credit on materials like MS angles and rods used in machinery fabrication before 07.07.2009, but denied credit for the

In  a ruling in favour of Ambuja Cement Limited, the Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) held that cenvat credit allowable in respect of service tax paid