The Delhi bench of the Income Tax Appellate Tribunal, on Wednesday rejected a revised return filed by a practicing Chartered Accountant claiming Trading Business as the source of cash deposits made with various bank accounts.

With an object to move towards the vision of reducing dependence on oil and other hydrocarbons as a source of revenue, the United Arab Emirates (UAE) and other Gulf Countries are going to implement VAT

The Delhi Government has introduced a Grievance Redressal Mechanism to address the pending VAT refund claims. As per Section 54 of the DOST Act, 2017, taxpayers can claim a refund of any payment and interest

United Arab Emirates (UAE) is all set to launch Value added Tax (VAT) from 1st January 2018 onwards. Amidst all preparation to welcome the new tax regime, the Federal tax authority has clarified that tourists

The Board of Directors of the General Authority of Zakat and Tax (GAZT), in a meeting chaired by the Finance Minister Mohammed Al Jadaan in Saudi Arabia has approved the VAT Implementing Regulations which is

The Punjab and Haryana High Court, in an important assessee-favor ruling, has held that the VAT department cannot withhold the refund of VAT merely due to mechanical reasons. The petitioner, M/s Vijendra Stores was held

A division bench of Orissa High Court headed by the Chief Justice held that the dues under the Orissa VAT Act cannot be recovered from the individual directors of the Company. The petitioner, Mr. Atul

A new website has been launched by the UAE’s Federal Tax Authority (FTA) to assist businesses prepare for the upcoming introduction of excise and value added tax (VAT). The FTA’s new website, www.tax.gov.ae, contains information on

The Union Minister of Finance, Defence and Corporate Affairs, Arun Jaitley has written a letter to State Chief Ministers urging the States to reduce burden of Value Added Tax (VAT) on Petroleum Products used as

The National Revenue Agency of Bulgaria has announced the changes to be applied to the calculation of turnover for the VAT registration threshold. The new rules are applicable to the homogeneous transactions or activities between

The Authority for Clarification And Advanced Ruling ,Tamil Nadu on 22nd May, Clarified that supply of ready mix concrete to SEZ is exempted from tax as per the terms and conditions laid down in the

In an appeal filed before the division bench against the order of the Karnataka High Court permitting the tax department to pass VAT Re-Assessment Order after the GST rollout, the division bench has now granted

The Vietnam Ministry of Finance has issued the draft pronouncement amending certain tax rulings. Some of the main aspects of the draft include: Transfer pricing and Tax Administration of related party transactions: The transfer pricing

The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has ruled the deemed sale cannot be presumed for the purpose of imposing service tax merely on the ground that VAT was

The Delhi High Court slammed Department for Unnecessary Burden If Interest on Ex-Chequer and unnecessary imposition on judicial time on the ground of delay in VAT Refund. The petitioner, Consortium of Sudhir Power Projects Ltd