CBIC extends Form Filing of GSTR-1, GSTR-3B and GSTR-7 in Manipur till 30th June 2023 [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) has extended the date for furnishing Forms of GSTR-1, GSTR-3B and GSTR-7 in the State of Manipur till 30th June 203. The CBIC through vide notification
Tax Practitioners from Jalandhar submits Pre-Budget Memorandum to FM
The Income Tax Bar, Jalandhar has submitted a pre-budget memorandum to the Finance Minister suggesting changes to be included in the Union Budget 2019. The Income Tax Bar, Jalandhar is a registered body representing Chartered
Tax Judgments of High Courts Annual Digest 2023 Part 18
This Annual Case Digest analytically summarizes the key stories related to Tax judgements of various High Courts in India reported in Taxscan.in during the year 2023. These stories include judgements and observations of High Courts
Slashing GST on Electric Vehicles: GST Covernment refers Matter to Fitment Committee
On issues relating to GST concessions on electric vehicle, charger and hiring of electric vehicle, the the 35th GST Council meeting recommended that the issue be examined in detail by the Fitment Committee and brought
Interim Budget 2024: Expects Tax Break and Funding for Innovations in Indian Pharma Industry
As the Finance Minister is going to introduce the Interim Budget 2024, the Indian pharmaceutical industry commands a significant share of more than 20 per cent in the global medical supply chain. The Indian pharma
GST Compensation Cess on Coal Gasification to be Waived soon: Reports
The Central Government, during the budget announcement for the next financial year, may waive the GST compensation cess on coal gasification, reports said. As per reports, the central government is considering GST compensation cess of
AAR and AAAR Weekly Round-Up
This weekend summary provides an analytical synopsis of the most major stories of Goods and Service Tax Authority for Advance Ruling (AAR) and Appellate  Authority for Advance Ruling (AAAR) that were authored at Taxscan.in during
Biggest GST Scam: Evasion of Rs. 2000 Cr unearthed in Karnataka
The tax department of Karnataka has arrested two persons in a GST scam worth Rs.2000 crore. The arrested persons were involved in issuing fake GST invoices to help some dealers claim input tax credit (ITC) from
Supreme Court and High Courts Weekly Round-Up
This weekly round-up analytically summarizes the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from December 23 to December 29, 2023, the last week of
Interim Union Budget 2024: FM Nirmala Sitharaman may announce GST under RCM for non-compliant Vendors
In a strategic move towards enhancing Goods and Services Tax ( GST ) compliance, the Central Government is contemplating the implementation of GST under Reverse Charge Mechanism ( RCM ) for vendors failing to adhere
Input Tax Credit and the Perceived Dependence on the Supplier to Avail the Benefit of Such Credit in Terms of Section 16(2)(C) of the CGST Act
In recent times, the government has made a series of amendments to the GST law, and through these amendments, has made the recipient of a supply almost completely dependent on the supplier to avail the
No Service Tax on Consideration Received for Sale of Books and Materials to the Franchise: CESTAT [Read Order]
The New Delhi bench of CESTAT has held that consideration received for Ssale of Books and materials to the franchise not subject to Service Tax. The Assessee in the instant appeal is a public limited
AAR and AAAR Weekly Round-up
This weekly round-up analytically summarizes the key stories related to the Authority for Advance Ruling (AAR) and Appellate Authority for Advance Rulings (AAAR) reported at Taxscan.in during the previous week from June 25th to July
Madras HC directs Taxpayer to request Customer to issue appropriate Credit Notes to neutralise alleged excess GST Payment as Litigation is barred by Limitation [Read Order]
The Madras High Court has  directed the taxpayer to request customers to issue appropriate credit notes to neutralise alleged excess GST payment as litigation is barred by Limitation. It is the case of the petitioner,
Key Highlights of Economic Survey 2022-23 [Read Report]
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Economic Survey 2022-23 in the Union Parliament today. The highlights of the Survey are as follows: State of the Economy 2022-23: Recovery