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GST: 27 Lakh Businesses has not completed Registration Process

After a month of Goods and Services Tax (GST) rollout, 27 lakh businesses are yet to complete the registration process under the new indirect tax...

Lok Sabha passes Bills extending CGST, IGST to Jammu & Kashmir

Govt to Set Up New Income Tax Appellate Tribunal in Surat

GST Beneficial to Small Businesses, says Santosh Kumar Gangwar

Govt sets Up Two Call Centres To Answer Queries on GST

Santosh Kumar Gangwar Speaks about the Measures Taken By the Govt for Recovery of Black Money Post Demonetization

With a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities such as espionage, smuggling of arms, drugs and...

Govt to Organize Workshops on GST

Government has taken decision to organize workshops to make the people aware about Goods and Services Tax (GST). Both at the Central and States level have been organizing GST Awareness campaigns...

Dept cannot Tax Partner along with the Firm for Sham Transactions: Gujarat HC [Read Judgment]

The Gujarat High Court in CIT v. Vision Finstock Ltd, held that the income tax department cannot assess a partner along with his Firm on ground of sham transactions since it would amount to double...

Department unable to reconcile their own Accounts: Madras HC slams Service Tax dept for passing an Order in Arbitrary and Cryptic Manner

Justice T.S Sivagnanam of Madras High Court has slammed Service Tax department for passing an assessment order in most arbitrary and cryptic manner. The petitioner has challenged the...

CBDT enters into nine Unilateral Advance Pricing Agreements with Indian Taxpayers

The Central Board of Direct Taxes (CBDT) entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in the month of July, 2017. Some of the UAPAs signed had rollback...

Delhi Govt. extends due date for Filing of DVAT Returns for 1st quarter to Aug 17th [Read Circular]

The dealers filing the returns through digital signature need not be required to file a hard copy of the return/Form DVAT-56. The Department of Trade and Taxes, Government of National Capital...

Once Relief for Industrial Undertakings u/s 80IB is allowed for Initial Year, the Dept cannot Withdraw the same for Subsequent Years: Bombay HC

The Nagpur bench of the Bombay High Court in Simple Food Products Pvt. Ltd. Nagpur v. CIT, held that the Department cannot withdraw the relief for Industrial Undertakings under Section 80IB of the...

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