![Reversal of ITC for Non-Payment of Tax by Supplier: CBIC notifies Amendments to CGST Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/12/Reversal-ITC-non-payment-of-Tax-by-Supplier-CBIC-notifies-CGST-Rules-TAXSCAN.jpg "Reversal of ITC for Non-Payment of Tax by Supplier: CBIC notifies Amendments to CGST Rules [Read Notification]")
Reversal of ITC for Non-Payment of Tax by Supplier: CBIC notifies Amendments to CGST Rules [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) has notified the amendments to the Central Goods and Services Tax (CGST) Rules, 2017; after...
![Calcutta HC condones delay of 13 days on due Payment of Third Instalment under Income Declaration Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Calcutta-HC-Payment-Instalment-Income-Declaration-Scheme-TAXSCAN.jpg "Calcutta HC condones delay of 13 days on due Payment of Third Instalment under Income Declaration Scheme [Read Order]")
![Payment of 25% of Penalty is adequate to Compensate Revenue Department: CESTAT sets aside Penalty under Rule 15(2) of CENVAT Credit Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-Revenue-Department-CESTAT-Penalty-CENVAT-Credit-Rules-taxscan.jpg "Payment of 25% of Penalty is adequate to Compensate Revenue Department: CESTAT sets aside Penalty under Rule 15(2) of CENVAT Credit Rules [Read Order]")
![Payment received under Master Franchise Agreement cannot treat as Royalty: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-received-under-Master-Franchise-Agreement-cannot-not-treat-as-Royalty-ITAT-deletes-addition-TAXSCAN.jpg "Payment received under Master Franchise Agreement cannot treat as Royalty: ITAT deletes Addition [Read Order]")
![Payment to NRI for Buy-Back of Shares not Dividend, No TDS u/s 195: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-Payment-to-NRI-NRI-Buy-Back-of-Shares-Shares-Dividend-TDS-ITAT-taxscan.jpg "Payment to NRI for Buy-Back of Shares not Dividend, No TDS u/s 195: ITAT [Read Order]")
![Payment of TDS with Interest to ensure No Loss to Revenue: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-TDS-Interest-Revenue-Penalty-ITAT-Payment-of-TDS-taxscan.jpg "Payment of TDS with Interest to ensure No Loss to Revenue: ITAT deletes Penalty [Read Order]")
No Stamp Duty for Name Change from Public Ltd to Private Ltd in Revenue Records: HP HC [Read Order]
The Himachal Pradesh High Court has recently held that stamp duty or registration fee cannot be levied upon conversion from a Public Limited Company to a Private Limited Company for changing the name...
Disallowance of Expenditure of Interest in year of actual Payment in merchandise system of Accounting: ITAT deletes Addition made by AO
Income Tax Appellate Tribunal (ITAT), New Delhi deleted addition made by Assessing Officer (AO) on the ground of disallowance of expenditure of interest in year of actual payment in merchandise...
Exemption u/s.10(38) for Long Term Capital Gain earned on Shares claimable only on Payment made through Cheque: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench, has recently in an appeal filed before it, held that exemption u/s.10(38) for long term capital gain earned on shares is claimable only on...
![Exemption u/s.10(38) for Long Term Capital Gain earned on Shares claimable only on Payment made through Cheque: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Long-Term-Capital-Gain-Payment-Cheque-ITAT-taxscan.jpg "Exemption u/s.10(38) for Long Term Capital Gain earned on Shares claimable only on Payment made through Cheque: ITAT [Read Order]")
![Payment of entire Duty and Penalty: CESTAT holds direction to remand matter is unnecessary [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Payment-Duty-and-Penalty-CESTAT-remand-taxscan.jpg "Payment of entire Duty and Penalty: CESTAT holds direction to remand matter is unnecessary [Read Order]")
![Payment of CVD and Cess by utilizing DEPB scrips: CESTAT allows Cenvat Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Payment-CVD-Cess-DEPB-scrips-CESTAT-Cenvat-Credit-taxscan.jpg "Payment of CVD and Cess by utilizing DEPB scrips: CESTAT allows Cenvat Credit [Read Order]")
Payment to Legal and Tax Consultants are Revenue Expenditure: ITAT sets aside Disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench sets aside disallowance as payment to legal and tax consultants are revenue expenditure. The assessee company, M/s. Instel Services Pvt...
![Payment to Legal and Tax Consultants are Revenue Expenditure: ITAT sets aside Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Payment-Legal-Tax-Consultant-Revenue-Expenditure-ITAT-taxscan.jpg "Payment to Legal and Tax Consultants are Revenue Expenditure: ITAT sets aside Disallowance [Read Order]")