GST Evasion: DGGI Nagpur busts Fictitious Transactions racket of Rs. 290.70 Cr
The Directorate General of GST Intelligence ( DGGI ) of Nagpur has busted the Fictitious transactions racket of Rs. 290.70 Crore. As a follow-up...
![Benefit of amendment regarding payment of balance consideration within 90 days to the highest bidder can’t be granted retrospectively: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/amendment-balance-consideration-bidder-NCLT-Taxscan.jpg "Benefit of amendment regarding payment of balance consideration within 90 days to the highest bidder can’t be granted retrospectively: NCLT [Read Order]")
![GST: Delhi District Court refuses to grant bail to person accused of wrongfully availing ITC of more than Rs.10 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/GST-Delhi-District-Court-grant-bail-wrongfully-availing-ITC-Taxscan.jpg "GST: Delhi District Court refuses to grant bail to person accused of wrongfully availing ITC of more than Rs.10 Cr [Read Order]")
![RBI now empowered to restrict Export or Import of Currency [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/12/RBI-import-of-currency-Foreign-Currency-Taxscan.jpg "RBI now empowered to restrict Export or Import of Currency [Read Notification]")
ICSI notifies SOP on preventive measures for conducting CS Examinations scheduled from 21 December to 30 December 2020
The Institute of Company Secretaries of India (ICSI) notified the standard operating procedure (SOP) on preventive measures for conducting CS Examinations scheduled to be held from 21st December to...
Department wrongly rejected the quantification of Service Tax liability under SVLDR Scheme: Gujarat HC accepts application [Read Order]
The Gujarat High Court while accepting the application of the petitioner held that the department has wrongly rejected the quantification of the Service tax liability under SVLDR Scheme. The...
![Department wrongly rejected the quantification of Service Tax liability under SVLDR Scheme: Gujarat HC accepts application [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Service-tax-liability-SVLDR-Scheme-Gujarat-High-court-Taxscan.jpg "Department wrongly rejected the quantification of Service Tax liability under SVLDR Scheme: Gujarat HC accepts application [Read Order]")
![No disallowance of Interest on Borrowed Capital for Business purposes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/disallowance-Interest-Borrowed-Capital-Business-purposes-ITAT-Taxscan.jpg "No disallowance of Interest on Borrowed Capital for Business purposes: ITAT [Read Order]")
No TDS applicable on Sales Commission paid to Overseas Agents not having PE in India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that tax cannot be detected at source on Sales Commission paid to Overseas Agents not having Permanent Establishment (PE) in India. The...
![No TDS applicable on Sales Commission paid to Overseas Agents not having PE in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/TDS-applicable-Sales-Commission-Overseas-Agents-PE-ITAT-Taxscan.jpeg "No TDS applicable on Sales Commission paid to Overseas Agents not having PE in India: ITAT [Read Order]")