The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT ) approved the reduced Fee payable to Resolution Process(RP) on failure to complete Corporate Insolvency Resolution Process (“CIRP”) in Time Bound Manner. India

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has held that an intermediary in the sale of space/ time for media agency on commission basis is not liable to pay service tax

The Directorate General of Foreign Trade (DGFT) has notified the initiation of an anti-dumping investigation on the imports of Isobutylene-Isoprene rubber originating in or exported from China PR, Russia, Saudi Arabia, Singapore and the United

India through its Economic Survey forecast its economy will grow 6% to 6.8% in the next financial year starting 1 April, down from 7% growth projected for the current year, according to the Economic Survey

Kerala's Finance Minister, KN Balagopal, has expressed the state government's intention to revisit the Contributory Pension Scheme introduced under the National Pension System ( NPS ). The announcement regarding this initiative was made during the

The Gujarat Authority of Advance Ruling (AAR) ruled that GST payable on the common maintenance fund/ deposit collected from the members. The applicant, M/s. The Capital Commercial Co-op. (Service) Society Limited is a registered Commercial

The Institute of Chartered Accountants of India ( ICAI) has clarified that a Company which ceases fall under the rotation principles under the Companies Act, 2013 can re-appoint an auditor. A Chartered Accountant/ firm, an

A two-judge bench of the Supreme Court on Wednesday allowed 15 days’ time for lawyers to cure the defective applications and has asked all such advocates to submit their complete application forms for necessary verification

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has upholds revision proceedings, affirming that the cost of improvement should not to be attributed to joint owners. The assessee, holding a joint interest, had

The Central Board of Indirect Taxes and Customs (CBIC) has clarified the issues relating to Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022. CBIC had earlier introduced

The Allahabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the Service Tax is not leviable on sale of goods subjected to levy of sales tax or VAT. The Appellant,

The High Court of Delhi, while issuing the writ of Mandamus, directed the Assistant Commissioner, GST to refund the amount with interest @6% per annum on or before July 15, 2020. However, if the said

This yearly digest analyzes all the CESTAT stories published in the year 2023 at taxscan.in No Reversal of CENVAT Credit of Excise Duty when Imported Goods used in Manufacture of Final Products u/r 3(5B) of

The Supreme Court has recommended the Central Government to consider the efficacy of the advance tax ruling system and make it more comprehensive as a tool for settlement of disputes rather than battling it through

The Department of Industrial Policy and Promotion recently notified a new amendment for easing the norms of startups funding. Startups with less than Rs10 crore Funding can seek Exemption from Angel Tax from an eight-member