Taxscan Team
How Inflation, Oil Prices & Geopolitics Drive Currency Movements
In the intricate global finance world, currency rates never change independently. Underlying every movement of exchange rates are strong...
![Depreciation as Granted with Rate per Income Tax Act Must Be Deducted to Determine Accumulated Profits: Telangana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/income-tax-Income-Tax-Depreciation-Rates-Accumulated-Profits-taxscan.jpg "Depreciation as Granted with Rate per Income Tax Act Must Be Deducted to Determine Accumulated Profits: Telangana HC [Read Order]")
Breaking: Illegal Depriving of VAT Refund: Delhi HC Directs Dept to Refund Rs. 6.62 Crore to Flipkart in 3 Weeks, Quashes “Arbitrary” Order [Read Order]
In a major relief to the e-commerce giant Flipkart India, a two-judge bench of the Delhi High Court has quashed an order adjusting a sum of Rs. 10 crore of VAT refund and directed the VAT department...
![Breaking: Illegal Depriving of VAT Refund: Delhi HC Directs Dept to Refund Rs. 6.62 Crore to Flipkart in 3 Weeks, Quashes “Arbitrary” Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Illegal-Depriving-of-VAT-Refund-VAT-Delhi-High-Court-Delhi-High-Court-Directs-Dept-to-Refund-Rs.-6.62-Crore-Flipkart-Taxscan.jpg "Breaking: Illegal Depriving of VAT Refund: Delhi HC Directs Dept to Refund Rs. 6.62 Crore to Flipkart in 3 Weeks, Quashes “Arbitrary” Order [Read Order]")
GST Council also recommends inserting a specific provision in IGST Act, 2017 to provide for liability to pay GST on supplier located outside India supplying Online Money Gaming to a person in India
The 51st GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman via video conferencing in New Delhi today. The meeting was also...
GST Council recommends GST on Valuation of Supply of Online Gaming and actionable claims in Casinos at Entry Level
The 51st GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman via video conferencing in New Delhi today. The meeting was also...
Finance Ministry launches a One-Time Settlement Scheme Vivad se Vishwas – II (Contractual Disputes) to effectively settle pending Contractual Disputes, as announced in Budget 2023-24
The Department of Expenditure, Ministry of Finance, has launched the scheme, “Vivad se Vishwas II – (Contractual Disputes), to effectively settle the pending contractual disputes of government and...
ICMAI Elects New Torchbearers: CMA Ashwin G. Dalwadi and CMA Bibhuti Bhushan Nayak Elected as President and Vice-President
The Institute of Cost Accountants of India (ICMAI) a statutory body for Cost Accountants has elected the new President and Vice President. The Institute conducted the election of President and...
