J&K State Rural Roads Development Agency’s Term Deposits Interest Exempted from TDS as is Wholly Financed by Central Govt: Jammu & Kashmir HC [Read Order]
In a recent ruling, the Jammu and Kashmir High Court held that the interest accrued from the Term Deposits by the J&K State Rural Roads Development Agency (JKSRRDA) is exempted from Tax Deduction at Source
NCLT cancels Summer Vacation 2020 [Read Office Order]
The National Company Law Tribunal ( NCLT ) has canceled the Summer Vacation 2020 for all its benched across the Country due to the non-working day of the Corona pandemic. In an Office Order issued
Relief to Coromandel International: J&K HC Quashes Rejection of Claim under Budgetary Support Scheme [Read Order]
The Jammu and Kashmir High Court quashed rejection of claim under Budgetary Support Scheme, thereby granting relief to M/s Coromandel International Ltd, the petitioner. The writ petitions under Article 226 of the Constitution of India
Arms License Scam: Jammu & Kashmir HC upholds eviction order of ED [Read Order]
In a recent ruling, the Jammu and Kashmir High Court upheld the eviction order of the Enforcement Directorate (ED) in the Arms License Scam. Earlier this year, the Enforcement Directorate (ED) Jammu had attached 16
Centre reconstitutes Governing Council of NITI Aayog
The Cabinet Secretariat has issued the notification so as to reconstitute the governing council of the NITI Aayog with Prime Minister Narendra Modi as its chairperson. As per the notification the chief ministers of all
No Recovery of Refunded Cess Amount by Revenue Department: J&K and Ladakh HC dismisses Appeal Filed with Delay of 1488 days [Read Order]
The Jammu and Kashmir and Ladakh High Court dismissed appeal filed with delay of 1488 days and upheld the ruling that no recovery of refunded cess amount by the Revenue Department. The appeal by the
Society running several Educational Institutions should show Annual Receipts of Each Institutions Separately for Tax Exemption: J&K HC [Read Judgment]
While hearing the case of Vivekanand Society of Education and Research, High Court of Jammu and Kashmir recently held that if a charitable society is running several educational institutions, total annual receipts of each such
Revenue Fails to Prove Unjust Enrichment on Sanctioned Erroneous Refund of Excise Duty: Jammu Kashmir &Ladak HC  sets aside Extended Period of Limitation [Read Order]
In a significant case, the High Court of Jammu & Kashmir and Ladakh set aside the extended period of limitation since the revenue fails to prove unjust enrichment on sanctioned erroneous refund of excise duty.
5% GST applicable on Supply to Wular Conservation and Management Authority: AAR [Read Order]
The West Bengal Authority of Advance Ruling (AAR) ruled that 5% tax applicable on supply to Wular Conservation and Management Authority. The Wular Conservation and Management Authority has awarded the applicant a contract for the
G.C Murmu appointed as the new CAG
Former Lieutenant-General of Jammu and Kashmir, Girish Chandra Murmu has been appointed as the new Comptroller and Auditor General (CAG) of India. Preceded by Rajiv Mehrishi, he will be the 14th CAG of India. The
Supreme Court Validates Article 370 Abrogation: Examining the Ripple Effects on Income Tax and GST
The Supreme Court of India has upheld the abrogation of Article 370, a constitutional provision that granted special autonomy to the region of Jammu and Kashmir. The 5- bench presided by Chief Justice D.Y. Chandrachud’s
Finance Minister Arun Jaitley urges J & K Chief Minister to implement GST in State
The Union Finance Minister Arun Jaitley today has written a letter to the Chief Minister of the State of Jammu and Kashmir, Membooba Mufti Sayeed urging for introduction of  the goods and services tax in
Criminal Prosecution along with IT Proceedings is necessary to curb Tax Evasion: Jammu & Kashmir HC [Read Order]
The Jammu and Kashmir High Court, while upholding a criminal prosecution against an alleged tax evader, concluded that criminal prosecution along with the other assessment and penalty proceedings is necessary to remove tax evasion. The
GST: CBIC notifies due date of Form GSTR-3B for October 2020 to March 2021 [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) notified that the return in Form GSTR-3B of the Central Goods and Services Tax Rules, 2017 for each of the months from October 2020 to March
Lok Sabha passes Bills extending CGST, IGST to Jammu & Kashmir
The Lok Sabha yesterday passed two bills extending Central Goods and Services Tax (CGST) and Integrated Goods and Services Tax (IGST) to Jammu and Kashmir. The Finance Minister Arun Jaitley said that special status of