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GST: CBIC lays down Norms for Processing of Applications for Cancellation of Registrations [Read Circular]

The Central Board of Indirect Taxes and Customs ( CBIC ) has laid down the norms for processing of applications for cancellation of the GST...

GST Evasion: Rs. 35 Crore Evasion unearthed in Jaipur, Rs. 25 Lakh recovered from Bodh Gaya

Sterling Biotech Money Laundering Case: ED files Chargesheet against 191 Persons including a CA

ICAI invites Application for Scholarships to Articled Assistants from The Chartered Accountants...

GSTN enables facility to claim Refund of Tax due to any Other Reason

Indian CAs to have Employment Oppurtunities in Afganistan: Cabinet approves MoU with CPA Afghanistan

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and...

GST: CBIC Notifies TDS Exemption to Authorities under Defence Ministry [Read Notification]

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified exemption from tax deduction at source (TDS) to some authorities under the Defence Ministry under the Goods and Services Tax...

Chartered Accountant and Advocate arrested for evading GST of Rs. 50 Crore

Three persons including a Chartered Accountant and an Advocate arrested in Noida on Monday for allegedly evading Rs 50 crore of Goods and Services Tax (GST). The three were arrested from their office...

GSTN updates Facility to Claim Refund of Excess Payment of Tax

The Goods and Services Tax Network ( GSTN ) has updated a new functionality enabling the taxpayers to claim refund on account of excess payment of tax. “Facility to claim refund on account of excess...

Wealth Tax not leviable on Commercial Asset which is Capable of being put to Productive Use: ITAT [Read Order]

The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) in Wealth Tax Officer versus M/s. Chavva Estates Private held that commercial asset which is capable of productive use is not eligible to...

Cenvat Credit available to Non-Excisable Goods cleared for Consideration: CESTAT [Read Order]

The Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the cenvat credit is available to non- excisable goods cleared for consideration. In the instant...

GST Evasion: First arrest in Ahmedabad, Six Persons Booked

The Goods and Services Tax ( GST ) department, Ahmedabad has booked six persons for tax evasion of nearly 58 crores by issuing fake bills to get the input tax credit illegally. The department took...

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