GST Collection from Punters: Karnataka HC refuses to quash FIR on Tax Evasion Allegation against Bookies in Bangalore Turf Club [Read Order]
The Karnataka High Court has refused to quash proceedings initiated against licensed and unlicensed bookies operating within the Bangalore Turf Club who allegedly collected GST from the punters and TDS amount from the winning bettors.
Reassessment Order passed under KVAT Act merely on Tax Evasion Report is Invalid: Orissa HC rules in favour of Hindustan Tyre House [Read Order]
In a recent case of M/s.Hindustan Tyre House, the Orissa High Court has held that reassessment orders cannot merely be based on a tax evasion report or an audit report. The court remitted the matter
No Violation found by SEBI on Broker or Taxpayer w.r.t alleged CCM Transactions: ITAT directs AO to Delete Addition of Rs. 4.38 lakhs [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to delete the addition of Rs. 4.38 lakhs, as no violation was found by the
No Service Tax on Toll Charges Collected in Independent Capacity as a Contractor: CESTAT [Read Order]
In a significant case, the Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that service tax is not demandable on toll charges collected in an independent capacity as a
Interest Income from Co-operative Banks to be considered for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT allows Appeal [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal allowed the appeal filed by the assessee against the order of the National Faceless Appeal Centre (NFAC), disallowing the deduction under Section 80P(2)(d) of the Income
Workshop Services deemed Taxable, No Reversal Allowable on Cenvat Credit availed at Workshop under Rule 6(3) of CCR: CESTAT [Read Order]
The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) viewed that the services availed at the workshop are taxable services, and held that no reversal is allowable on the
Interest not Leviable from Assessee for Short Payment of Tax due to Payer’s Default in TDS Deduction: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that interest is not leviable from the assessee for short payment of tax due to payer's default in  Tax Deduct at Source
No Service Tax Demandable on Logistics Charges Recovered from Buyers when VAT paid on Same: CESTAT [Read Order]
The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that service tax is not demandable on logistics charges recovered from buyers when Value Added Tax ( VAT
GSTN enables GST Payments through UPI/Credit/Debit Cards in Jammu and Kashmir
The Goods and Services Tax ( GST ) Payments in the Jammu and Kashmir region is easier now as the Goods and Services Tax Network ( GSTN ) has enabled the facility to make payments
Service Tax Not Leviable on Discount /incentive received from Supplier of Motor Vehicle Spare Parts under Head ‘Other Operating Revenue’: CESTAT [Read Order]
The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that service tax is not leviable on discount /incentive received from suppliers of motor vehicle spare parts under
CA, MBA Vacancy in JPMorgan Chase & Co
The JPMorgan Chase & Coinvited applications for the post Financial Analysis - Associate. Qualification Chartered Accountant/CFA/MBA (Finance) (or similar educational background) with 10+ years of post-qualification experience Experience in planning and analysis/financial management / accounting
No Excess Claim of ITC: Delhi HC restores Matter to Proper Officer to Adjudicate SCN [Read Order]
The Delhi High Court restored matter to the Proper Officer to adjudicate show cause notice ( SCN ) as there was no excess claim of input tax credit ( ITC ). The Petitioner impugned the
No Service Tax for Selling Coal to End Consumers: CESTAT rules in Favour of NCCF [Read Order]
The Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has ruled that service tax is not payable by the National Co-Operative Consumers' Federation of India,( NCCF ) since they are
Relief to Reliance Brands, Advertising and Marketing Expenses for Sale of Post Import Goods not Includable in Value of Goods: CESTAT [Read Order]
The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has held that expenses related to advertising and marketing are expenses are not includable in value of imported goods since the
Agreement for Supply of Water Not a Right to Use Natural Resources: CESTAT Quashes Service Tax Demand [Read Order]
In a significant case, the Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has held that the agreement for supply of water not a right to use natural resources and