Maharashtra Govt Raises VAT on Liquor in Permit Rooms by 5% - Prices Go Up
The Maharashtra state government has recently introduced a significant alteration to the Value Added Tax (VAT) structure applicable to the sale of...
GST Payment should be made on Receipt of Payment against Execution of Work Contracts: Calcutta HC [Read Order]
The Calcutta High Court observed that GST payment should be made on receipt of payment against execution of work contracts. The petitioner, Dipak Sarkar is a contractor executing works for the...
![GST Payment should be made on Receipt of Payment against Execution of Work Contracts: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/GST-Payment-Receipt-of-Payment-Execution-of-Work-Contracts-Calcutta-HC-taxscan.jpg "GST Payment should be made on Receipt of Payment against Execution of Work Contracts: Calcutta HC [Read Order]")
Contract Executed for WBSRDA did not provide for GST Payment: Calcutta HC orders to file Statutory Appeal [Read Order]
The Calcutta High Court ordered to file statutory appeal as the contract executed for West Bengal State Rural Development Agency (WBSRDA) did not provide for GST payment. The petitioner in the...
![Contract Executed for WBSRDA did not provide for GST Payment: Calcutta HC orders to file Statutory Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Contract-Executed-for-WBSRDA-provide-for-GST-Payment-Calcutta-HC-orders-to-file-Statutory-Appeal-TAXSCAN.jpg "Contract Executed for WBSRDA did not provide for GST Payment: Calcutta HC orders to file Statutory Appeal [Read Order]")
![TDS Not Applicable on Payments Made to HUDA on Behalf of State Government: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/TDS-Applicable-Payments-HUDA-Behalf-State-Government-ITAT-TAXSCAN.jpeg "TDS Not Applicable on Payments Made to HUDA on Behalf of State Government: ITAT [Read Order]")
Income Accrued in Year under Consideration shall be viewed as Real Income and Subject to Tax: ITAT sustains addition [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal held that a loss springing up in subsequent year wouldn't justify non accounting of income during the year the same had accrued. The assessee...
![Income Accrued in Year under Consideration shall be viewed as Real Income and Subject to Tax: ITAT sustains addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-Accrued-Year-Consideration-Real-Income-Subject-Tax-taxscan.jpg "Income Accrued in Year under Consideration shall be viewed as Real Income and Subject to Tax: ITAT sustains addition [Read Order]")
CBDT notifies Income Tax Exemption u/s 10(46) for Certain Incomes of Pune Metropolitan Region Development Authority [Read Notification]
The Central Board of Direct Taxes (CBDT) has extended the income tax exemption under Section 10(46) of the Income Tax Act, 1961 to ‘Pune Metropolitan Region Development Authority’, an Authority...
![CBDT notifies Income Tax Exemption u/s 10(46) for Certain Incomes of Pune Metropolitan Region Development Authority [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-Income-Tax-Exemption-CBDT-notifies-Income-Tax-Exemption-CBDT-notifies-Incomes-Pune-Metropolitan-Region-Development-Authority-taxscan.jpg "CBDT notifies Income Tax Exemption u/s 10(46) for Certain Incomes of Pune Metropolitan Region Development Authority [Read Notification]")