RBI extends timeline for processing of recurring Online Transactions
The Reserve Bank of India (RBI) extended the timeline for the processing of recurring online transactions. In August 2019, the Reserve Bank of...
HSN Code / SAC mandatory on Invoices as per revised requirement from 1st April for GST Taxpayer with turnover of more than Rs 5 cr: CBIC
With effect from the 1st April, 2021, it has been made mandatory for a GST taxpayer, having turnover of more than Rs 5 crore in the preceding financial year, to furnish 6 digits HSN Code...
![Foreign Trade Policy 2015-2020 extended for 6 months till Sep 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/DGFT-amendment-in-FTP-2015-2020-Taxscan.jpg "Foreign Trade Policy 2015-2020 extended for 6 months till Sep 2021 [Read Notification]")
Loss accrued to HCL on account of Foreign Currency Fluctuation can be claimed as Business Loss: Delhi HC
The Delhi High Court ruled that the loss accrued to HCL on account of the foreign currency fluctuation can be claimed as a business loss. The revenue has challenged that whether in the facts and...
Gujarat HC directs GST Authority to open Online portal to enable submission of rectified Form GST TRAN-2 electronically [Read Order]
The Gujarat High Court directed the GST Authority to open an online portal to enable the submission of rectified Form GST TRAN-2 electronically. The writ-applicant, Jigal Pvt. Ltd. is engaged in...
![Gujarat HC directs GST Authority to open Online portal to enable submission of rectified Form GST TRAN-2 electronically [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Gujarat-HC-GST-Authority-Form-GST-TRAN-2-GST-Taxscan.jpg "Gujarat HC directs GST Authority to open Online portal to enable submission of rectified Form GST TRAN-2 electronically [Read Order]")
CESTAT not justified in rejecting the application for recalling the finding of fraud, as the same wasn’t proved: Bombay HC
The Bombay High Court held that Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT) was not justified in rejecting the application for recalling the finding of fraud, as the same was not...
