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GST Evasion: Central GST Delhi North Commissionerate busts racket of issuance of Fake Invoices without actual Supply of Goods and Services

Central GST Delhi North Commissionerate has busted a racket of issuance of fake invoices without actual supply of goods and services. Two individuals...

Haryana exempts Hrithik Roshan starrer Super 30 from GST

ICAI to organise Recruitment drive for CAs and Accountants in Three Cities

Gujarat HC strikes down CBIC Notification lapsing Unutilized Input Tax Credit [Read Judgment]

GST Revenue collection crosses 1.02 Lakh Cr in July: Finance Ministry

No GST for Supply of Maritime Products from Bonded Warehouses to Vessels: AAR [Read Order]

The Maharashtra Authority of Advance Ruling has held that, Supply of Maritime Products from Bonded Warehouses to Vessels not liable to Goods and Services Tax (GST). The applicant M/s. Wilhelmsen...

Parliament clears Companies Amendment Bill 2019

The Rajya Sabha Tuesday passed the Companies (Amendment ) Bill 2019, which seeks to amend the Companies Act 2013. The Bill was cleared by the Lok Sabha on July 26. It is based on the recommendations...

Notice for Reassessment invalid If it is not served, rules Bombay HC [Read Order]

The division bench of the Bombay High Court has recently ruled that, Notice for the reassessment under Section 148 of Income Tax Act invalid if issued but not served properly. The petitioner is an...

Finance Ministry extends time of the Task Force for drafting New Direct Tax Legislation

A Task Force was constituted by the Government in November, 2017 to review the existing Income-tax Act, 1961 and to draft a new Direct Tax Legislation law in consonance with economic need s of the...

Income Tax Dept conducts Search on group connected with VVIP Chopper Scam

The Income Tax Department conducted search action on 24th July, 2019, on a Hyderabad based group engaged in the business of conducting seismic data analysis. The assesse group indulged in large scale...

Benami Amendment Act, 2016 can’t be applied Retrospectively: Rajasthan High Court

The Rajasthan High Court, in a recent ruling, has held that the newly enacted Benami Amendment Act, 2016 cannot be applied retrospectively. The income tax department has been rampantly invoking the...

GST Glitches still exists: CAG Report

In its report on Goods and Services Tax ( GST ) for the period 2017-18 tabled before the Parliament on Tuesday, the Comptroller and Auditor General of India (CAG) has said that system-validated input...

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