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Electricity Duty Cannot Be Levied on ‘Net Charges’ Without Amending Charging Section: Jharkhand HC Strikes Down 2021 Amendment [Read Order]

In a recent ruling, the Jharkhand High Court held that electricity duty cannot be levied on the basis of “net charges” without amending the charging...

MCA Amends Rules on Removal of Company Names, Relaxes Indemnity Requirement for Government Companies...

Govt Contractor seeks Direction to Govt to Pay GST on his Behalf: Allahabad HC Dismisses Plea [Read...

Do Winners of National Film Awards Pay Income Tax on Cash Prizes? Know the Facts

Finance Ministry Issues Vacancy Circular for Deputation Posts in GSTAT [Read Circular]

GST on EV charging but No GST on Electricity? The Double Standards against EV Drivers and Companies!

With India embracing a green energy revolution and pushing for electric vehicle ( EV ) adoption, one policy inconsistency has left EV drivers and companies questioning the fairness of the current tax...

Mining Tax Decision to Apply Retrospectively from April 1, 2005: Supreme Court [Read Judgement]

In reaffirming the landmark decision, the Supreme Court of India has ruled that the imposition of mining taxes by state legislatures will apply retrospectively from April 1, 2005. This ruling,...

Supreme Court - Tax Decision - Mining Tax Decision - Mining tax April 2005 ruling - Supreme Court mining tax ruling - taxscan

Revenue Expenditure Growth Remains Restrained: Economic Survey 2023 -24

Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2023-24 on July 22. Following the presentation, Chief Economic Adviser Dr. V. Anantha Nageswaran held a press conference to...

Economic Survey 2023-24 - Revenue Expenditure Growth - Union Finance Minister Nirmala Sitharaman - Chief Economic Adviser Dr. V. Anantha Nageswaran - taxscan

Budget 2024: FM says Government to provide ₹75,00 crores at 50-Year Interest Free Loan to States

The finance minister, Nirmala Sitharaman said that the Central Government to provide ₹75,00 crores at 50-year interest free loan to states in the Interim Budget 2024. Many growth and...

Nirmala Sitharaman - Budget - Interest Free Loan - Budget Scan - TAXSCAN

Central Govt releases Rs. 73000 Cr Tax Dividend to States as Additional Installment

In view of the forthcoming festivities and the New Year, the Union Government has authorized the release of an additional installment of tax devolution amounting to ₹72,961.21 crore to strengthen the...

Central Govt releases- Tax Dividend -States -Additional Installment-TAXSCAN

Subsidy given by State Governments on Account of Development of Multiplexes in State is a Capital Receipt: ITAT grants relief to PVR [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) granted relief to PVR and held that the subsidy given by the state government on account of the development of multiplexes in the state is...

Kerala Budget 2023: Social Security Cess on sale of Petrol and Diesel increase By Rs. 2 per Litre

The Kerala Finance Minister K N Balagopalin his Kerala Budget 2023 proposed to increase the Social Security Cess on the sale of Petrol and Diesel at the rate of Rs. 2 per litre. This is expected to...