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AA Cannot Tax Entire Disputed Purchase Transactions as Bogus: Gujarat HC Limits Income Tax Addition to 6% [Read Order]

Kavi Priya

Gujarat HC Limits Income Tax Addition to 6%, Holds AA Cannot Tax Entire Disputed Bogus PurchaseIn a recent ruling, the Gujarat High Court held that...

Tax - Tax on Beard - beard tax - facial hair to pay a fee - taxscan

Can You Believe There was a Tax on Beard? Here's Funny and Weird Taxes You Won't Believe Exist

CGST Act - Evade Tax - Tax - Allahabad HC - taxscan

Proceedings u/s 129 of CGST Act cannot be intimated in Absence of Intention to Evade Tax: Allahabad...

Decoding Startups - Decoding Startups & Pitch Decks - Pitch Decks - Tax Benefits and Opportunities for Professionals - Tax Benefits - Startups Decoding - Taxscan Academy

Decoding Startups & Pitch Decks, Tax Benefits and Opportunities for Professionals

Tax Implications for using Antique Automobiles in India

GST Council cuts Tax on Molasses to 5%, Exempts Distilled Alcohol from Levy

The GST Council has decided to reduce GST on molasses to 5 per cent, from 18 per cent, and exempted distilled alcohol for human consumption from the levy. It was noted that the extra neutral...

GST Council's Fitment Committee turns down Proposal to Reduce Tax on EV Batteries to 5%

The fitment committee of the Goods and Services Tax (GST) Council has rejected the proposal of industry to reduce tax on EV batteries from 18% to 5%. Consequently, there will be no reduction in the...

Central Govt hikes Windfall Tax on Domestic Crude Oil, cuts levy on Export of Diesel and ATF [Read Notification]

On Friday, the government increased the special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne, starting from September 30. In the previous review on September 15, a windfall...

Central Govt hikes Windfall Tax on Domestic Crude Oil - cuts levy on Export of Diesel and ATF - TAXSCAN

Payment of Disputed Tax under KVAT Act: Kerala HC condones delay of 467 days [Read Order]

The Kerala High Court condoned a delay of 467 days in the matter of payment of disputed tax under the Kerala Value Added Tax Act, 2003 (KVAT Act). The impugned order was an interlocutory order...

Central Government Directs States/UTs not to Levy Border Tax for Tourist Vehicles having Valid Permits under All India Tourist Vehicles (Permit) Rules, 2023

The Ministry of Road Transport and Highways, addressing to the The Principal secretaries/Secretaries, Department of Transport lor all StateS/UTS and The Transport Commissioners of all the...

Central Government Directs States - UTs not to Levy Border Tax for Tourist Vehicles having Valid Permits - All India Tourist Vehicles -

Rate of tax applicable to Domestic Banking Companies are not Same as Foreign Banking Company: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that the rate of tax applicable to domestic banking companies is not the same as foreign banking companies. Tax levied at a higher rate...

SEZ Act Overrides Procedural Lapses or Conditions in Tax Notifications under Finance Act: SEZ Units Eligible for Tax Exemptions for Authorized Operations within SEZ: CESTAT [Read Order]

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Allahabad bench has reaffirmed the supremacy of the Special Economic Zones (SEZ) Act, 2005, over other tax laws, stating that...