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Lopinavir is ‘Drug’: CESTAT Allows exemption from Customs Duty [Read Order]

The CESTAT Chennai, in a recent ruling held that Lopinavir is a drug for which exemption under Notification No. 21/2002-Cus is available. In the...

Govt Amends Customs Valuation Rules, 2007 [Read Notification]

Finance Ministry unveils GST Revenue Figures till 25th Sept, 2017

Govt Exempts Skimmed Milk Powder or Concentrated Milk from GST [Read Notification]

Govt ensures Timely Refund of Taxes

ICAI Appointed as Vice-Chair of Asian-Oceanic Standards-Setters Group

The Institute of Chartered Accountants of India ( ICAI ) has always been playing an important role in positioning the Indian accounting profession prominently on all the International Accounting Forms...

GST: CBEC Issues Guidelines for division of Tax Payer base between the Centre & State [Read Circular]

Based on the recommendations of the Goods and Services Tax (GST) Council, the Central Government on Wednesday issued guidelines on for the division of tax payer base between the Centre & State. ...

Maharashtra Govt to form Three New Sales Tax Tribunals

With a view to dispose the pending Value Added Tax (VAT) litigations, the Maharashtra State government has decided to form three new sales tax tribunals benches in Mumbai, Pune and Nagpur. As of now,...

CBEC releases Concept Note on ‘Pure Agent’

The Central Board of Excise and Customs (CBEC) recently released a concept note on the topic ‘Pure Agent’ under the Goods and Services Tax (GST) regime. In broad sense, a pure agent is one who while...

Revenue Block Due to Litigations: CBEC Instructs Its Officials to focus on 10 Cr & Above Cases

The Central Board of Excise and Customs (CBEC) has instructed its field formations to expedite resolution of disputes that are worth over Rs 10 crore. This is in the light of low revenue due to...

Justice B.N Srikrishna to head Personal Bankruptcy Panel

The Government has formed a Personal Bankruptancy panel under the chairmanship of Justice B N Srikrishna. The 10-member panel including Justice B.N Srikrishna will advise and provide professional...

Transport & Hostel Facilities surplus cannot be considered as Business Income of the Society if the same was an integral part of Its objects: ITAT

The ITAT Delhi, in a recent ruling, held that the transport & hostel facilities surplus cannot be considered as business income of the society if the same was an integral part of its objects....

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