![Interest paid on Late Payment of Service Tax is a Deductible Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Late-Payment-of-Service-Tax-Deductible-Business-Expenditure-ITAT-Taxscan.jpg "Interest paid on Late Payment of Service Tax is a Deductible Business Expenditure: ITAT [Read Order]")
Interest paid on Late Payment of Service Tax is a Deductible Business Expenditure: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the amount of interest paid for the delayed payment of services tax shall be treated...
![Madras HC upholds levy of Interest under GST on belated Cash Remittance as it is Compensatory, Mandatory [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Madras-High-Court-levy-of-interest-GST-Taxscan.jpeg "Madras HC upholds levy of Interest under GST on belated Cash Remittance as it is Compensatory, Mandatory [Read Order]")
![Interest earned on FD maintained with Bank for availing Credit Facility couldn’t be treated as Business Income, not entitled to Deduction: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/07/Delhi-High-Court-business-income-FD-Taxscan.jpg "Interest earned on FD maintained with Bank for availing Credit Facility couldn’t be treated as Business Income, not entitled to Deduction: Delhi HC [Read Judgment]")
![Delayed Payment of Income Tax may call for Penalty or Interest but could not be construed as an attempt to Evade Tax: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/07/evade-tax-income-tax-Gujarat-high-court-Taxscan.jpeg "Delayed Payment of Income Tax may call for Penalty or Interest but could not be construed as an attempt to Evade Tax: Gujarat HC [Read Judgment]")
![RBI issues Review of Instructions on Interest on overdue Domestic Deposits [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/07/RBI-Interest-on-overdue-domestic-deposits-Taxscan.jpeg "RBI issues Review of Instructions on Interest on overdue Domestic Deposits [Read Circular]")
Refund of Interest on pre-deposit to be determined from expiry of 3 months from date of communication of order: Andhra Pradesh HC [Read Judgment]
The Andhra Pradesh High Court held that the refund of interest on pre-deposit to be determined from the expiry of 3 months from the date of communication of the order. The appellant, M/s.Maithan...
![Interest not Leviable if TDS is paid before Completion of Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Interest-TDS-ITAT-Completion-of-Proceedings-Taxscan.jpg "Interest not Leviable if TDS is paid before Completion of Proceedings: ITAT [Read Order]")
CBIC issues guidelines for Posting of staff at Customs areas & collection of Cost Recovery Charges [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) issued the comprehensive guidelines relating to the posting of officers and staff at Customs areas and collection of the Cost Recovery Charges. ...
![CBIC issues guidelines for Posting of staff at Customs areas & collection of Cost Recovery Charges [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/01/CBIC-guidelines-Posting-of-staff-at-Customs-areas-collection-of-Cost-Recovery-Charges-Taxscan.jpg "CBIC issues guidelines for Posting of staff at Customs areas & collection of Cost Recovery Charges [Read Circular]")
GST: NAA orders Suncity Project to pass on ITC benefits along with Interest to its Homebuyers [Read Order]
The National Anti-Profiteering Authority (NAA) ordered the M/s Suncity Project to pass on Input Tax Credit (ITC) benefits along with interest to its homebuyers. The Applicant filed the application...
![GST: NAA orders Suncity Project to pass on ITC benefits along with Interest to its Homebuyers [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/GST-NAA-Suncity-Project-ITC-benefits-interest-homebuyers-Taxscan.jpg "GST: NAA orders Suncity Project to pass on ITC benefits along with Interest to its Homebuyers [Read Order]")
Madras High Court rejects plea seeking direction against authority to pay 15% interest towards Seized Travellers Cheques [Read Order]
The Madras High Court rejected the plea seeking direction against authority to pay 15% interest towards seized travelers cheques on the ground of undue delay or laches in claiming the same. A sum...
