Revenue

Royalty Expenditure is Revenue in Nature, Taxable: ITAT [Read Order]

October 4, 2022

₹1,47,686 crore gross GST revenue collected in the month of September 2022

October 1, 2022

Revenue can’t be restrained from collecting GST when Adverse Order sustains against ONGC: Madras HC [Read Order]

September 1, 2022

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GST Portal - GST Portal new functionalities on gst Portal - taxpayers - taxscan

GST Portal Releases Module-wise New Functionalities deployed on the Portal for Taxpayers

October 6, 2022

The Goods and Services Tax Network (GSTN) has released a module-wise new functionalities deployed on the GST Portal for taxpayers. “Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various […]

GST - Transportation - Canteen Facilities - Employees - Contract - AAR - taxscan

GST not Leviable on Provision of Transportation and Canteen Facilities through Third Parties to Employees as per Contract: AAR [Read Order]

October 6, 2022

The Authority for Advance Rulings (AAR), Gujarat bench has held that GST is not leviable on the provision of transportation and canteen facilities through third parties to the employees as per the contract. The applicant, M/s SRF Limited, is a multi-business chemicals conglomerate engaged in the manufacturing of industrial and specialty intermediates. The applicant’s business […]

CA vacancies in MasterCard

October 6, 2022

MasterCard has invited applications for the post of Manager – Financial Planning & Analysis (NAM). Qualifications • Educational qualification – Chartered Accountant or CPA or MBA Finance• Experience in varied financial roles with advanced knowledge and experience with all phases of financial planning and management• Good knowledge of Business Intelligence tools and experience with financial […]

Amortization of Expenses u/s 35 D to be Allowed Only on Satisfying the Prescribed Conditions: ITAT [Read Order]

October 6, 2022

The Income Tax Appellate Tribunal, Bench “A”, Mumbai, has, recently while allowing an appeal filed by the Revenue, held that amortization of expenses under section 35 D can be allowed only on satisfying the conditions as prescribed for the same. The aforesaid observation was made by the tribunal when an appeal was preferred before it […]

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GST Portal Releases Module-wise New Functionalities deployed on the Portal for Taxpayers

October 6, 2022

GST not Leviable on Provision of Transportation and Canteen Facilities through Third Parties to Employees as per Contract: AAR [Read Order]

October 6, 2022

Amortization of Expenses u/s 35 D to be Allowed Only on Satisfying the Prescribed Conditions: ITAT [Read Order]

October 6, 2022

Service Charges - Assessee - Income - ITAT - taxscan

Service Charges accrued but not received cannot be Treated as Assessee’s Income: ITAT [Read Order]

October 6, 2022

The Income Tax Appellate Tribunal (ITAT)“B” Bench, Mumbai, has, recently, in an appeal filed before it by the assessee, held that service charges accrued but not received, cannot be treated as the assessee’s income. The aforesaid observation was made by the Tribunal when the assessee, a Government of India undertaking, popularly called as “NABARD”, preferred […]

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