Significant Decisions on GST Rates on Certain Goods and Services in 39th GST Council Meeting
GST Council in the 39th meeting held on 14th March, 2020 at New Delhi took following decisions relating to changes in GST rates on supply of goods and...
![Land Owner cannot be Taxed for difference amount contained in Form 26AS and Profit and Loss Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Form-26AS-ITAT-Taxscan.jpg "Land Owner cannot be Taxed for difference amount contained in Form 26AS and Profit and Loss Account: ITAT [Read Order]")
![ITAT deletes Penalty since Assessee applied Transfer Pricing Provisions with Good faith and Due Diligence [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-13-9.jpg "ITAT deletes Penalty since Assessee applied Transfer Pricing Provisions with Good faith and Due Diligence [Read Order]")
![Delhi High Court imposes 5 Lakhs costs for Misleading the Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/09/Sales-Tax-Bar-Association-Delhi-High-Court-Taxscan.jpg "Delhi High Court imposes 5 Lakhs costs for Misleading the Court [Read Judgment]")
Unchanged Base Price of Product despite Change in Tax Rate is not violative of Section 171 of CGST Act: NAA [Read Order]
The National Anti-Profiteering Authority (NAA) held that the unchanged base price of the product despite a change in the tax rate is not violative of Section 171 of Central Goods and Service Tax...
![Unchanged Base Price of Product despite Change in Tax Rate is not violative of Section 171 of CGST Act: NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/CGST-Act-Finance-Taxscan.jpg "Unchanged Base Price of Product despite Change in Tax Rate is not violative of Section 171 of CGST Act: NAA [Read Order]")
Need for frequent GSTR-2A Reconciliation after introduction of new sub-rule (4) under rule 36 of the CGST Rules, 2017 for Optimum Utilisation of Working Capital
GST was implemented in our country from 1st of July 2017, bypassing the GST Act in the parliament on the 29th of March 2017. The main object of GST was to implement a simple tax structure with the...
COVID-19: ICAI directs Regional Councils and Branches not to conduct any Programme / Class for Members & Students
The Institute of Chartered Accountants of India ( ICAI ) has directed the Regional Councils and Branches not to conduct any programme / class for member and Students till 15th April 2020 in the wake...
Multi-Crore GST Fraud Case: Orissa HC grants Bail to alleged Mastermind for Misappropriation of INR 138Cr
The Orissa High Court has granted the bail to the mastermind for the alleged misappropriation of INR 138 Crores in the multi-crore Goods and Service Tax GST Fraud case. Atul Bansal, the kingpin and...
No Interest on Assessees u/s 234B, even on filing of Returns declaring NIL Income at the stage of Reassessment: ITAT grants Relief to General Motors [Read Order]
In a Relief to General Motors Overseas Corporation, the Income Tax Appellate Tribunal (ITAT) reaffirmed that no interest is leviable on the assessees under Section 234B of the Income Tax Act, even on...
![No Interest on Assessees u/s 234B, even on filing of Returns declaring NIL Income at the stage of Reassessment: ITAT grants Relief to General Motors [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-13-5.jpg "No Interest on Assessees u/s 234B, even on filing of Returns declaring NIL Income at the stage of Reassessment: ITAT grants Relief to General Motors [Read Order]")
![Sale and Purchase of Cargo Space not Taxable under Business Support Services: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-12-7.jpg "Sale and Purchase of Cargo Space not Taxable under Business Support Services: CESTAT [Read Order]")