![CBIC notifies revised Section 50 GST interest Provisions effective from June 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/06/CBIC-revised-Section-50-GST-interest-Provisions-Taxscan.jpg "CBIC notifies revised Section 50 GST interest Provisions effective from June 2021 [Read Notification]")
CBIC notifies revised Section 50 GST interest Provisions effective from June 2021 [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) on the recommendation of the 43rd GST Council chaired by the Union Finance Minister, Nirmala...
![Amendment restricting Section 54 Deduction to only One Residential House is prospective: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Amendment-restricting-Section-54-deduction-residential-house-ITAT-deduction-Taxscan.jpg "Amendment restricting Section 54 Deduction to only One Residential House is prospective: ITAT allows Deduction [Read Order]")
![Purchaser not entitled to claim Refund of Excise Duty paid under Protest after the expiry of limitation period of 6 Months: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/refund-of-excise-duty-madras-high-court-taxscan.jpg "Purchaser not entitled to claim Refund of Excise Duty paid under Protest after the expiry of limitation period of 6 Months: Madras HC [Read Order]")
![CBDT extends Time Limit for Income Tax Assessment [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/CBDT-extends-time-limit-Income-Tax-Assessment-Taxscan.jpg "CBDT extends Time Limit for Income Tax Assessment [Read Notification]")
![No Service Tax applicable on Services provided by Local Authorities in terms of Sovereign Right: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/No-Service-Tax-Service-tax-Local-Authorities-Sovereign-Right-Madras-High-Court-taxscan.jpeg "No Service Tax applicable on Services provided by Local Authorities in terms of Sovereign Right: Madras High Court [Read Judgment]")
Govt. notifies effective date for Amendments to Industrial Development Bank (Transfer of Understanding And Repeal) Act, 2003 [Read Notification]
The Government notified April 1, 2021 as an effective date for Amendments to Industrial Development Bank (Transfer of Understanding And Repeal) Act, 2003. In the Industrial Development Bank...
CESTAT quashes Service Tax demand wrongly confirmed under 'Banking and Financial Services' when service rendered was under 'Construction of Complexes' [Read Order]
The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT), Delhi Bench said that Service Tax demand wrongly confirmed under “Banking and Financial Services” when service rendered was under...
![CESTAT quashes Service Tax demand wrongly confirmed under Banking and Financial Services when service rendered was under Construction of Complexes [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/CESTAT-Service-Tax-demand-service-tax-Banking-and-Financial-Services-Construction-of-Complexes-Taxscan.jpeg "CESTAT quashes Service Tax demand wrongly confirmed under Banking and Financial Services when service rendered was under Construction of Complexes [Read Order]")
'Works Contract Service' a separate species of Contract, can’t be equated with a Contract for Sale of Goods or Contract for Supply of Services: CESTAT [Read Order]
The Customs, Excises and Service Taxes Appellate Tribunal (CESTAT), Delhi Bench ruled that the “Works contract service” a separate specie of contract and can not be equated with a contract for sale...
![Works Contract Service a separate species of Contract, can’t be equated with a Contract for Sale of Goods or Contract for Supply of Services: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Works-contract-service-contract-for-sale-of-goods-contract-for-supply-of-services-CESTAT-Taxscan.jpeg "Works Contract Service a separate species of Contract, can’t be equated with a Contract for Sale of Goods or Contract for Supply of Services: CESTAT [Read Order]")
![Levy of Interest u/s 234E has no Retrospective Effect: ITAT deletes Proceedings[Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Levy-of-Interest-Retrospective-Effect-ITAT-deletes-Proceedings-Taxscan.jpg "Levy of Interest u/s 234E has no Retrospective Effect: ITAT deletes Proceedings[Read Order]")
Punjab and Haryana HC directs Tax department not to take coercive action against Pyramid Infratech [Read Order]
The Punjab and Haryana High Court directed the Tax Department that no coercive action must be taken against Pyramid Infratech. Mr. Anuj Dewan, counsel for the petitioner urged that the ground on...
![Punjab and Haryana HC directs Tax department not to take coercive action against Pyramid Infratech [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Punjab-and-Haryana-High-Court-tax-department-coercive-action-Pyramid-Infratech-Taxscan.jpeg "Punjab and Haryana HC directs Tax department not to take coercive action against Pyramid Infratech [Read Order]")
Interest on Loan not Taxable in absence of mechanism for bifurcation of Service prior to March 2006: Bombay High Court [Read Order]
The Bombay High Court held that interest on the loan is not taxable in absence of a mechanism for bifurcation of service prior to March 2006. The respondent, Shriram Transport Finance Company Ltd....
![Interest on Loan not Taxable in absence of mechanism for bifurcation of Service prior to March 2006: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-on-loan-mechanism-for-bifurcation-of-service-Bombay-High-court-Taxscan.jpeg "Interest on Loan not Taxable in absence of mechanism for bifurcation of Service prior to March 2006: Bombay High Court [Read Order]")