Central Govt amends Information Technology Rules for Better Identification of Fake News and Regulation of Online Gaming [Read Notification]
The Central Government has recently amended the Information Technology Rules, 2021 by a Gazette Notification, to better equip the authorities in identification of fake news and to regulate online gaming. The Central Government made the
GST Appellate Tribunals: A Rear View Mirror Peek at High Court Decisions on Non-Constitution of GSTATs
Goods and Services Tax Appellate Tribunal (GSTAT) is the forum of second appeal in Goods and Services Tax laws and the first common forum of dispute resolution between Centre and States. The appeals against the
CESTAT Weekly Round Up
This weekly round-up analytically summarises the key stories of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported at taxscan. in, from December 30 2023 to January 6 2024. Claim of Reversal of Proportionate
Kerala Finance Act 2023: Extension of VAT Appeal Filing Deadline till September 30, 2023 – A One-Time Concession for Dealers who Missed the Deadline
Introduction The Kerala Finance Act, 2023 has introduced a crucial amendment that provides a one-time concession for filing appeals under the Kerala Value Added Tax Act (KVAT), 2003 allowing dealers to file appeals, even if
Delhi HC declares CBDT Instruction dated 11th May 2022 to the Extent which Propounds ‘Travel back in Time’ theory Bad in Law [Read Order]
The Delhi High court has observed that the reference made in paragraphs 6.1 and 6.2(ii) of the Instruction No. 01 of 2022 dated 11.05.2022, to the extent it propounds the “travel back in time” theory,
Supreme Court and High Courts Weekly Round-up
This weekly round-up analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in during the previous week from March 28st to April 3rd, 2022. VINAY KANT AMETA vs UNION
MCA Notifies Restriction on Layers of Subsidiary – Is It Too Restrictive?
The Central Government has been very active in bringing about measures for prevention of money laundering. As to what has been perceived as a new step in this regard, the Ministry of Corporate Affairs (MCA)
GST Council on Services: Relief to Hotel Industries, Agriculture, Education Sectors
The GST Council in its 28th meeting held here today under the Chairmanship of Shri Piyush Goyal , Union Minister for Railways , Coal , Finance & Corporate Affairs  took following decisions relating to exemptions /
Top 30 Supreme Court Tax Judgements of 2022
TDS Deductible from LTC for Foreign Travel of SBI Employees In State Bank of India vs Assistant Commissioner of Income Tax, a division bench of the Supreme Court headed by Chief Justice Uday Umesh Lalit
CESTAT Weekely Round-up
This weekly round-up analytically summarises the key stories of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported at taxscan. in, from July 22 to July 29, 2023. CESTAT Upholds Reduction of Demand of
CESTAT Weekly Round-Up
This weekly summary analyses the stories related to the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) that have been published at Taxscan.in. during the previous week from September 8 to September 15 2023. Excess
Case Digest on Retrospective Cancellation of GST Registration
Cancellation of GST Registration means the permanent closure of the GSTIN in some circumstances such as closure/transfer/change in constitution of the business etc. and it can be applied by filing an application on the GST
Deciphering Neurofinance: Why we’re not very good at analyzing financial markets and unable to make rational investment decisons
Despite the surge of automated processes, human involvement still dominates the realm of investing. From a biological perspective, we are rational beings, yet our actions deviate from the normative economic theory. Fama's efficient market hypothesis,
AAR & AAAR Weekly Round-Up
This weekend summary provides an analytical synopsis of the most major stories about the Goods and Service Tax Authority for Advance Ruling (AAR) and Appellate Authority for Advance Ruling (AAAR), that were authored at Taxscan.in
CESTAT Weekly Round-Up
This weekly round-up analytically summarises the key stories of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported at taxscan. in, from July 01 to July 07, 2023. Transaction of Purchase and Sale of