Picture this: You're sitting at a blackjack table, feeling the rush of adrenaline as you play your cards just right. Suddenly, luck is on your side, and you hit the jackpot. The chips are stacked

The Gujarat Authority of Advance Ruling (AAR) ruled that 12% GST on supply of a Zinc Ethylenediamine Tetra Acetic Acid (Zn EDTA), and Iron Ethylenediamine Tetra Acetic Acid (Fe EDTA). The applicant, M/s. Shivam Agro

The Karnataka government, on Wednesday passed the Hindu Religious Institutions and Charitable Endowment Bill, 2024 in the Assembly. This bill introduced a new mandate wherein the government will collect 10 percent of the income generated

Nitin Gupta, who serves as the Chairperson of the Central Board of Direct Taxes (CBDT), disclosed that the Income-Tax Department is presently facing delays in around 35 lakh refund cases due to inconsistencies in bank

The Central Government has dropped the windfall tax on crude petroleum by Rs, 1.,300 per tonne to Rs. 5000 per tonne. The reduction in the windfall tax from Rs 6,300 to Rs 5,000 per tonne

Toyota Motor is actively involved in lobbying the government, calling for a significant tax reduction on hybrid vehicles, according to a Reuters report. The company is pushing for a substantial 21 percent tax decrease, which

In the Interim Budget 2024, the Central Government withdrew Outstanding direct tax demands up to ₹ 25,000 pertaining to period up to FY 2009-10. “I propose to withdraw such outstanding direct tax demands up to

The Pune ITAT, in a recent ruling, held that the tax rates applicable to individuals are also applicable to deities under the income tax law. The assessee is a Trust formed in 1968 and the

The Authority of Advance Ruling (AAR) Karnataka ruled that the product ‘parota’ is classified under Chapter Heading 2106 however it is not khakhra, plain chapati, or roti, so 18% of Goods and Service Tax is

The West Bengal Authority of Advance Ruling (AAR) has ruled that GST exemption on composite supply of less than 25% of service of milling of food grains into flour to Food & Supplies to West

The Telangana High Court has issued the notice to the government on the plea filed by the Roppen Transportation Services Pvt. Ltd. (Rapido) challenging withdrawal of exemption on auto rides through e-commerce operators. The Government

The West Bengal Authority of Advance Ruling (AAR) has ruled that 1.5% GST to be charged from customers for sale of flats in Project, except where entire consideration has been received after issuance of completion

With the impending election season, the schedule for the next GST Council meeting remains uncertain, giving rise to apprehensions about the timely resolution of critical tax-related issues. Reportedly, no Goods and Services Tax Council meeting

The Telangana Authority for Advance Ruling ( TAAR ) has held that rental/leasing charges for industrial equipment provided with operators falling under HSN Codes: 84151090 shall attract 28% Goods and Service Tax. The applicant Ventair

The West Bengal Authority of Advance Ruling (AAR) has recently observed that, 5% Goods and Services Tax (GST) is payable by the applicant on supply of “broken rice‟ if the same is supplied pre-packaged and