Income Tax Department seizes Cash of Rs 5.32 crore during Search conducted in Tamil Nadu
During the course of election surveillance being carried out for the ensuing assembly elections in Tamil Nadu and Puducherry, the Income Tax...
![Deposit Work by U.P. Power Transmission Corp. part of Transmission, Distribution of Electricity is Composite Supply: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Deposit-work-U.P.-Power-Transmission-Corp-transmission-distribution-of-electricity-composite-supply-AAAR-taxscan.jpeg "Deposit Work by U.P. Power Transmission Corp. part of Transmission, Distribution of Electricity is Composite Supply: AAAR [Read Order]")
![No ITC can be claimed on 5% GST paid on License Fee to Indian Railway or IRCTC: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITC-AAAR-License-Fee-GST-Indian-Railway-IRCTC-Taxscan.jpg "No ITC can be claimed on 5% GST paid on License Fee to Indian Railway or IRCTC: AAAR [Read Order]")
Non Submission of Records: Maharashtra AAR refuses to determine (HSN) Tyre Pyrolysis Oil under CGST [Read Order]
The Maharashtra Authority for Advance Rulings ( AAR )declined from determining classification (HSN) of Tyre Pyrolysis oil and the tax rate applicable to it, by reason of nonsubmission of full details...
![Non Submission of Records: Maharashtra AAR refuses to determine (HSN) Tyre Pyrolysis Oil under CGST [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Non-Submission-of-Records-Maharashtra-AAR-HSN-Tyre-Pyrolysis-Oil-CGST-Taxscan.jpg "Non Submission of Records: Maharashtra AAR refuses to determine (HSN) Tyre Pyrolysis Oil under CGST [Read Order]")
Case of erroneous Application of Law will fall outside the scope of Section 254(2): ITAT recalls Tribunal’s order
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while recalling the Tribunal’s order ruled that the Case of erroneous application of law will fall outside the scope of section 254(2) of the...
SEBI proposes to Streamline process of IPOs with UPI in ASBA and Redressal of Investor grievances [Read Circular]
The Security and Exchange Board of India (SEBI) on Tuesday proposed to Streamline the process of IPOs with Unified Payment Interface (UPI) in Application Supported by Blocked Amount (ASBA) and...
![SEBI proposes to Streamline process of IPOs with UPI in ASBA and Redressal of Investor grievances [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/03/SEBI-IPO-UPI-ASBA-investor-grievances-Taxscan.jpeg "SEBI proposes to Streamline process of IPOs with UPI in ASBA and Redressal of Investor grievances [Read Circular]")
5% GST on Composite Supply of Works Contract to Wular Conservation & Management Authority: AAR [Read Order]
The West Bengal Authority of Advance Ruling (AAR) ruled that 5% GST is applicable on composite supply of works contract to the Wular Conservation and Management Authority as it is a Governmental...
![5% GST on Composite Supply of Works Contract to Wular Conservation & Management Authority: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/GST-supply-of-works-contract-Wular-Conservation-Management-Authority-AAR-Taxscan.jpeg "5% GST on Composite Supply of Works Contract to Wular Conservation & Management Authority: AAR [Read Order]")
Creditor to update its claim as and when the claim is satisfied after Insolvency commencement date: IBBI [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) has notified Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2021 which...
![Creditor to update its claim as and when the claim is satisfied after Insolvency commencement date: IBBI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/Creditor-insolvency-commencement-date-IBBI-Taxscan.jpeg "Creditor to update its claim as and when the claim is satisfied after Insolvency commencement date: IBBI [Read Notification]")
ICAI invites Chartered Accountants to Empanel as Resource Persons for Conducting Investor Awareness Programmes
The Institute of Chartered Accountants of India ( ICAI ) has invited the Chartered Accountants to Empanel as Resource Persons for Conducting Investor Awareness Programmes. The Institute of...
ITAT allows Exemption u/s 11(1)(a) as activities undertaken by Builders Association isn’t Trade, Commerce, or Business [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench allowed the exemption under section 11(1)(a) as activities are undertaken by Builders Association are not trade, commerce, or business. The...
![ITAT allows Exemption u/s 11(1)(a) as activities undertaken by Builders Association isn’t Trade, Commerce, or Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-exemption-Builders-Association-commerce-business-Taxscan.jpg "ITAT allows Exemption u/s 11(1)(a) as activities undertaken by Builders Association isn’t Trade, Commerce, or Business [Read Order]")