24 February 2020


Search Results for Tag : Tax

Judgments

Levy of VAT on the sale price of transaction yet to take place not sustainable in law(04.08.2015)

The Delhi High Court struck down Explanation 2 to Section 2 (1) (zd) of the Delhi Value Added Tax (Fourth Amendment) Act, 2012 as being ultra vires t.....

Tags : value added tax, delhi, sale, ultra vires

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Expenses incurred in preventing misuse of industrial alcohol will suffice for quid pro quo(12.08.2015)

Fee and excise duty collected from an industry to prevent illegal activities which have no causal connection with that industry will 'metamorphose int.....

Tags : fee, tax, causal relationship, quid pro quo

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Fee collected by State from industry must bear reasonable nexus to curbing illegal activity in the same industry(12.08.2015)

Fee and excise duty collected from an industry to prevent illegal activities which have no causal connection with that industry will 'metamorphose int.....

Tags : fee, tax, causal relationship, quid pro quo

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No machinery in Finance Act, 1994 to levy and assess service tax on indivisible composite works contracts(20.08.2015)

A composite works contract should be bifurcated and ascertained before being taxed, but the same is not provided for in the Finance Act, 1994. The Cou.....

Tags : Service tax, composite contract, gross amount

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Court to not entertain petition under Article 226 if bona fides of Petitioner in doubt(11.08.2015)

In a case where the Bhishma Pithamaha challenged tax notices issued against another person, the Court held that the petition under Article 226 of the .....

Tags : Tax, article 226, notice

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Supreme Court values excess land owned by Wadiyar royalty(21.09.2015)

In a question on valuation of property for the purposes of wealth tax, the Supreme Court held that property, the overall area of which exceeded that a.....

Tags : Ceiling, valuation, land, wealth tax

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Expenditure on solicitor’s eye operation not business expense(28.10.2015)

The Bombay High Court upheld an order of the ITAT excluding expenditure by the Assessee on eye treatments to improve vision. The Tribunal had determin.....

Tags : Personal expense, business, tax, deduction

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Assessing Officer cannot reopen assessment on erroneous assumptions(15.09.2015)

To reopen a concluded income tax assessment for escaped income, a reason to suspect cannot be a reason to believe, which must be rational and bear a d.....

Tags : Tax, assessment, escaped income, belief

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Difference between sales tax charged and NPV paid not includible as transaction value(06.10.2015)

Distinguishing three judgments of the Supreme Court that the difference between amounts collected by Assessee from its customers as sales tax and the .....

Tags : excise, sales tax, net present value, transaction value

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CCI dismisses Meru’s ‘dominant position’ complaint against Uber(22.12.2015)

The Competition Commission of India rejected Meru Travel Solutions’ (owner of Meru Cabs) complaint against Uber for holding a dominant position in the.....

Tags : Radio taxi, dominant position, Kolkata, meru, uber

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Contradictory ‘dominance’ reports for the same market bewilder CCI(09.02.2016)

The Competition Commission of India dismissed a complaint by Mega Cab, a popular app-cab operator, for investigation into the creation of barriers to .....

Tags : Radio taxi, relevant market, financial backing, exlclusivity

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Karnataka’s lifetime tax law on motor vehicles struck down(10.03.2016)

Calling Karnataka Legislature’s manner of requiring registration of a vehicle kept in another State for more than 12 months “clumsy and ham handed”, K.....

Tags : Motor vehicle, lifetime tax, registration

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Zee Turner saved from service tax liability(01.04.2016)

The Customs Excise and Service Tax Appellate Tribunal saved Zee Turner from service tax levies after accepting submissions that it was merely acting a.....

Tags : Service tax, foreign broadcaster, indian agent

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Commissioner cannot usurp Department’s plausible view(11.05.2016)

View taken by Assessing Officer, so long as it is a possible view, cannot be interfered by Commissioner under Section 263 of Income Tax Act 1961.
<.....

Tags : Income tax, expenses, further information

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Larger bench to resolve dilemma over sales tax on club F&B(04.06.2016)

A Division Bench of Justices Dipak Misra and Shiva Kirti Singh referred to a larger Bench of the Supreme Court to decide if food and beverage sold by .....

Tags : sales tax, club, permanent members, f&b

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Amount of surcharge under Section 5A of OST Act to be levied before deducting amount of entry tax paid by a dealer(28.10.2016)

Respondents are engaged in sale and purchase of Motor Vehicles and are registered dealers under Orissa Sales Tax Act, 1947 ('OST Act') as well as unde.....

Tags : Surcharge, Entry tax, Levy

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Assessing Officer can impose penalty for default in making payment of tax, but same shall not exceed amount of tax in arrears(01.07.2017)

In the present case, Income Tax Return of Respondent-Assessee was processed under Section 143(1) of Income Tax Act, 1961, demand was raised and penalt.....

Tags : Arrears, Tax, Interest, Inclusion

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Machinery provision which enables the Assessee to avail concession or benefit conferred by substantive provision in the Act need to be construed liberally(05.09.2017)

In facts of present case, The Appellant is the owner of the premises. It consists of two-storey building and some land appurtenant thereto ("the premi.....

Tags : Valuation, Premises, Tax, Payment

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Municipal taxes would be a part of the "rent" payable by tenant to landlord(09.08.2018)

Present appeal by special leave by the landlord is against the order passed by the Calcutta High Court. Proceeding were under the West Bengal Premises.....

Tags : Municipal taxes, Payment, Obligation

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Value of both supply and service is to be added for payment of service tax under composition scheme(18.09.2018)

The facts of the matter are that, the Respondent/Assessee is registered with the department for various services such as erection, commissioning and i.....

Tags : Valuation, Tax, Evasion

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For levy of service tax, a specific amount has to be agreed between service recipient and service provider(27.11.2018)

The Appellant 'Premium Real Estate Developers', New Delhi is a partnership firm and is in the business of real estate trade. The issue involved in thi.....

Tags : Transaction, Tax, Levy

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A thing is a part of the other, if other cannot function without it(26.03.2019)

In facts of present case, the Respondent is engaged in the business of trading of spare parts of mining machinery, steel wire ropes, standard wires, w.....

Tags : Goods, Classification, Rate of tax, Levy

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Supply of tangible goods will fall under the taxable services only when right to possession and effective control is not transferred(02.05.2019)

In facts of present case, during the course of audit it was noticed that, Appellant has recovered rent charges towards rents of gas cylinders obtained.....

Tags : Tax, Levy, Validity

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Benefit extended under Customs Act waiving customs duty cannot be taken as waiver of sales tax under state and central laws(21.01.2020)

The admitted factual position in the present cases is that, after importing foreign made cigarettes, the Appellants stored the same in the customs bon.....

Tags : Sales tax, Levy, Legality

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A tax on sale or purchase of goods includes a tax for transfer of right to use goods(04.12.2019)

The question involved in the appeal is whether it is open to the State of Karnataka to levy Sales Tax in view of the Time Charter Agreement dated 8th .....

Tags : Agreement, Transaction, Tax, Levy

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Notifications & Circulars

Exporters advised to file Table 6A and GSTR 3B for processing of IGST Refund and for Refund of the unutilized Input Tax Credit(29.11.2017)

The Government of India is seized of the issue of Exporters complaining about delay in grant of refunds pertaining to Integrated Goods and Services Ta.....

Tags : Refund, IGST, Input Tax

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India and Belgium sign Protocol amending the India-Belgium Double Taxation Avoidance Agreement(09.03.2017)

India and Belgium have signed a Protocol amending the existing Agreement and Protocol between the two countries for Avoidance of Double Taxation and t.....

Tags : Protocol, Taxation Avoidance, Signing of

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Clarification regarding taxability of custom milling of paddy(20.11.2017)

1. Representations have been received seeking clarification on whether custom milling of paddy by Rice millers for Civil Supplies Corporation is liabl.....

Tags : Taxability, Milling, Paddy

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GST leads to Formalization of Economy and Widening of Tax Base(18.06.2018)

Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently information flow would eventually augm.....

Tags : GST, Tax Base

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CBDT has been asked to consider inclusion of Service Charge while assessing tax: Shri Ram Vilas Paswan(13.09.2017)

Shri Ram Vilas Paswan, Union Minister for Consumer Affairs, Food & Public Distribution told that in order to check the levying of Service Charge compu.....

Tags : Service Charge, Inclusion, Tax, Assessment

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Need to move towards a mindset of voluntary compliance and payment of legitimate taxes - Finance Minister(26.12.2016)

Payment of due tax is a responsibility of every citizen; Coordination between the Central and the State administration is important for smooth transit.....

Tags : Taxes, Payment, Voluntary Compliance

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Income Tax Department receives Silver Award for e-filing of Income Tax Returns project in the Awards National on e-Governance 2016-2017(10.01.2017)

The Income Tax Department is proud to announce that it has been conferred the Silver Award in the National Awards on e-Governance-2016-17 for the e-fi.....

Tags : Tax-returns, e-filing, Awards National

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Property Tax can be tapped to generate Additional Revenue at City Level(31.01.2017)

The Economic Survey 2016-17, presented today in the Parliament by the Union Finance Minister Shri Arun Jaitley, stated that Urban Local Bodies (ULBs),.....

Tags : Tax, Additional Revenue

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Service Tax (Second Amendment) Rules, 2017(30.01.2017)

In exercise of the powers conferred by sub-section (1), read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Gov.....

Tags : Service Tax, Rules, Amendment

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Declaration of Black Money by Tax Payers(07.02.2017)

There is no official estimation of percentage of black money held in India in cash. In the last financial year (2015-16) 648 disclosures involving und.....

Tags : Black money, Declaration, Tax payers

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India and Austria Sign a Protocol amending the India-Austria Double Taxation Avoidance Convention(06.02.2017)

India and Austria signed a Protocol amending the existing Convention between the two countries for Avoidance of Double Taxation and the Prevention of .....

Tags : Protocol, Signing, Double Taxation, Avoidance

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Third Protocol Amending India-Singapore DTAA notified(23.03.2017)

The Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30th December, 2016, has come into force on.....

Tags : Double Taxation, Protocol, Amendment

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Reporting of U.S. Tax Identification Numbers (TINs) for pre-existing accounts by Financial Institutions(15.01.2018)

India and USA have signed the Inter-Governmental Agreement (IGA) under FATCA in 2015. To enhance the effectiveness of information exchange and transpa.....

Tags : Tax Identification Numbers, (TINs), Accounts, Financial Institutions

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Order under Section 119 of The Income-Tax Act, 1961(13.12.2017)

Due to certain technical issues faced by NSDL's gateway for e-payment of tax on 7th November, 2017, some taxpayers/ deductors were unable to make e-pa.....

Tags : Tax deposit, Due date, Extension

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Cabinet approves Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and Iran(14.03.2018)

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi has approved an Agreement for the Avoidance of Double Taxation and the Prevention of F.....

Tags : Agreement, Approval, Double Taxation

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CBDT notifies Income Tax Return Forms for Assessment Year 2018-2019(05.04.2018)

The Central Board of Direct Taxes (CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18.....

Tags : CBDT, Forms, Income tax

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Further clarification on tax in reverse charge on gold ornaments(13.07.2017)

In the GST Ki Master Class held yesterday, in one of the replies given to an on-the-spot-question, it was informed that purchase of old gold jewellery.....

Tags : Reverse charge, Gold ornaments, Tax, Clarification

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Certain transitional issues arising with respect to payment of service tax after 30th June 2017(28.09.2017)

I am directed to refer to two such issues which have arisen in the above context and to state that these issues have been examined and the following c.....

Tags : Transitional issues, Service tax, Payment

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Compulsory manual selection of cases for scrutiny during FY 2016-17(13.07.2016)

The Central Board of Direct Taxes laid down fresh criteria and procedure for manual selection of returns or cases for compulsory scrutiny during the 2.....

Tags : manual selection, income tax, compulsory scrutiny

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Government’s startup initiatives inviting much interest(20.07.2016)

The Ministry of Commerce and Industry revealed that 728 applications have been received thus far by the Ministry through the Startup India portal.

Tags : startup, fund of funds, tax incentives, portal

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Cabinet approves protocol amending the agreement between India and Tajikistan for avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income(14.12.2016)

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the protocol amending the agreement between India and Tajikistan for.....

Tags : Protocol, Approval, Taxation

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Filing of Revised Income Tax Returns by the Tax Payers Post De-Monetisation of Currency(14.12.2016)

Under the existing provisions of Section 139(5) of the Income-tax Act, 1961 ('Act'), Revised Return can only be filed if any person, who has filed a r.....

Tags : Income Tax, Returns, Filing

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Clarification on levy of tax for services provided by government or authority(13.04.2016)

The Central Board of Excise and Customs issued a comprehensive clarification on the levy of service tax on services provided by the government or a lo.....

Tags : Service tax, government, business entity

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Direct Tax Dispute Resolution and Equalisation Levy effective 1 June 2016(31.05.2016)

The Direct Tax Dispute Resolution Scheme 2016 under Chapter X of the Finance Act 2016 came into effect on 1 June 2016. Declarations in respect of tax .....

Tags : direct tax, dispute resolution, equalisation levy, finance act, 2016

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Clarifications on Income Declaration Scheme, 2016(27.06.2016)

The Central Board of Direct Taxes issued further clarifications to the recently announced Income Tax Declaration Scheme, 2016.

Elaborations.....

Tags : income tax, black money, declaration, clarifications

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Income Tax Amendment Rules(27.06.2016)

The Central Board of Direct Taxes notified the 18th and 19th amendments to the Income Tax Rules 1962, introducing provisions for “foreign tax credit” .....

Tags : foreign tax credit, deduction

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New updated Version of Income Tax Return Statistics for Assessment Year 2012-13 released(19.08.2016)

Central Board of Direct Taxes (CBDT) had proactively released data relating to direct tax collections, PAN allocation and distribution of income in th.....

Tags : Statistics, Income Tax Return, updated Version

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Government extends due date for filing of Income Tax Returns from 30th September, 2016 to 17th October, 2016(12.09.2016)

The due date for filing of Income tax returns by tax payers whose accounts are required to be audited under the Income Tax Act is the 30th September o.....

Tags : Income Tax Returns, Filing, Extension of date

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Income - Tax (Seventh Amendment) Rules, 2017(05.04.2017)

In exercise of the powers conferred by section 139A and section 285BA, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Boa.....

Tags : Rules, Amendment, Income-tax

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Union Finance Minister said Goods and Services Tax is an efficient tax system which not only checks tax evasion but also helps evolving India to become very strong society(29.05.2017)

Inaugurating the National Academy of Customs, Indirect Taxes and Narcotics (NACIN) Campus in the Bengaluru today, the Union Finance Minister Shri Arun.....

Tags : GST, Efficient, Tax evasion, Checks

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CBDT endeavours to reduce litigation over bad debt(30.05.2016)

The Central Board of Direct Taxes bolstered Departmental policies to reduce litigation arising from assessees writing off sums as ‘bad debt’.

.....

Tags : income tax, bad debt, irrecoverable, reducing litigation

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Indirect Tax Dispute Resolution Scheme Rules, 2016(31.05.2016)

The Ministry of Finance introduced Rules to give effect to Section 18 of the Finance Act 2016.

The Rules provide declarations and manner of.....

Tags : indirect tax, dispute resolution, finance act, 2016

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IT dues payable in advance at authorised bank branches(16.05.2016)

Advance income tax can be paid at authorised banks instead of just with the Reserve Bank of India. Of the 29 banks authorised to acceptance tax remitt.....

Tags : Income tax, advance, authorised banks

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Tax on arbitral tribunal services to be borne by recipient(18.05.2016)

Service tax liability for services provided by an arbitral tribunal shall be on the service recipient if it’s a business entity.

The Depar.....

Tags : Service tax, arbitral tribunal, recipient, reverse charge

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Paperless tax assessment expanded to Hyderabad and Kolkata(25.05.2016)

Scheme for e-assessment for income tax has been extended to include Hyderabad and Kolkata for Financial Year 2016-2017.

The ‘paperless’ sch.....

Tags : paperless, email, income tax, scrutiny

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Business entities’ engaging senior advocates to pay service tax(06.06.2016)

After appearing to relent on charging service tax when soliciting the services of a senior advocate, the Ministry of Finance confirmed imposition of t.....

Tags : service tax, senior advocate, representational services, business entity

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Amendment in Rule 114H of Income-tax Rules, 1962(22.06.2016)

Rule 114H of the Income Tax Rules 1962 has been amended to provide sufficient time to reporting financial institutions for completing due diligence in.....

Tags : Income tax rules, reportable accounts, deadline

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Tax exemption to industry and commerce sectors(02.08.2016)

Various tax concessions in the form of exemptions/ deductions etc. have been provided under the Income-tax Act, 1961 which have been availed by differ.....

Tags : Custom duty, Excise duty, Tax Concession

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Wealth tax return not required 2016-2017 onwards(01.04.2016)

With the Central Government’s recent decision to abolish the wealth tax, the read»



More Forms for e-ITR, more security(04.04.2016)

The Central Board of Direct Taxes announced the electronic filling and filing of Forms 1 and 4S for income tax returns. Furthering the shift to electr.....

Tags : Income tax, electronic filing, 2016

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Proceeds from unlisted share sale to default to ‘Capital Gain’ head(05.05.2016)

The Central Board of Direct Taxes directed its offices that income from transfer of unlisted shares irrespective of period of holding would be taxable.....

Tags : Unlisted shares, sale, capital gain, income tax

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Comments invited on minimum alternate tax report(28.04.2016)

The Central Board of Direct Taxes is receiving comments on the recommendations of the Committee on Minimum Alternate Tax for Indian Accounting Standar.....

Tags : minimum alternate tax, company, ind as

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AOs to not issue penalty notices under Sections 271D,E of IT Act(26.04.2016)

The Central Board of Direct Taxes set forth a “Departmental View” to assuage conflicting notions on the limitation for imposition of penalty under Sec.....

Tags : income tax, penalty notice, limitation

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Income Declaration Scheme 2016 to open 1 June 2016(14.05.2016)

The Income Declaration Scheme 2016 incentivising declaration of black money will commence 1 June 2016.

Monies declared under the scheme wi.....

Tags : black money, income tax, window

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ITR-V verification pending? Now use EVC(09.05.2016)

The Central Board of Direct Taxes allowed taxpayers to verify their electronic returns by means of Electronic Verification Code.

As far bac.....

Tags : Income tax, verification, evc, itr-v

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Taxation Report on e-commerce business models suggests levy(21.03.2016)

A Committee constituted by the Central Board of Direct Taxes to examine direct tax issues arising out of prevalent e-commerce business models

Tags : e-commerce, direct tax, report

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Interest income to be included in tax return(01.01.1900)

The Central Board of Direct Taxes notified persons earning interest income that interest credited or received on deposits is taxable unless exempt und.....

Tags : Income tax return, interest income, inclusion

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Income Tax Rules on Fund Manager regime(15.03.2016)

The Central Board of Direct Taxes released the Income-Tax (5th Amendment) Rules, 2016 providing guidelines for the application of Section 9A of the In.....

Tags : Fund manager, offshore, income tax

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DTAA agreement with Maldives for international air transport(22.02.2016)

The Union Cabinet approved entering into an agreement with the Maldives for the avoidance of double taxation of income from international air transpor.....

Tags : Double taxation, avoidance, Maldives, airlines

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Draft to determine company’s ‘Place of Effective Management’(23.12.2015)

The Ministry of Finance has released draft guidelines proposing principles to determine the ‘place of effective management’ of a company, for the purp.....

Tags : Income tax, company, effect management, draft, principles

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Clarification regarding taxability of consortium members(07.03.2016)

The Central Board of Direct Taxes moved to dispel ambiguities behind treatment of consortiums as an ‘Association of Persons’ for the purposes of taxat.....

Tags : Association of persons, consortium, taxability

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Tax deadlines extended in Tamil Nadu(07.12.2015)

Due to widespread flooding in Chennai and Tamil Nadu, the Central Board of Direct Taxes extended the date for deposit of tax deducted at source and ta.....

Tags : Excise, service tax, extension, tamil nadu

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Clarification of 'initial assessment year' in Section 80IA (5) of the IT Act(15.02.2016)

The Central Board of Direct Taxes issued a clarification to the ‘initial assessment year’ for the purposes of Section 80IA(5) of the Income Tax Act, 1.....

Tags : Income tax, initial assessment year, deduction claim

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Pay IT dues in advance at RBI or authorised bank branches(15.02.2016)

The Reserve Bank of India has authorized twenty nine agency banks to accept payments of income tax. The move hopes to reduce the heavy rush for remitt.....

Tags : Income tax, payment, agency banks, march

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Service Tax and Central Excise (Furnishing of Annual Information Return) Rules, 2016(15.02.2016)

The Ministry of Finance notified Rules pertaining to forms furnished under Section 15A of the Central Excise Act, 1944. Information return referred to.....

Tags : Service tax, return, annual, electronic

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LPG subsidy not available to those with taxable income of over Rs. 10 lakhs(28.12.2015)

The Government has revoked the subsidy on LPG cylinders for consumers (or spouses) that had taxable income of more than Rs. 10 lakhs during the previo.....

Tags : Lpg, subsidy, 2016, taxable income

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Ministry of Finance “E-Sahyog" Pilot Project to Facilitate Taxpayers(27.10.2015)

The Ministry of Finance has launched a pilot project, “e-Sahyog” to reduce the need for taxpayers to appear physically before tax authorities. It will.....

Tags : Tax, sahyog, scrutiny, online, response

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Report on Revenue Neutral Rate and Structure of Rates for GST(04.12.2015)

A Committee appointed by the Government to suggest tax rates under the common Goods and Services Tax framework for the whole country has released its .....

Tags : Committee report, goods and services, tax

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CBDT Initiatives for reducing tax litigation(15.12.2015)

The Central Board of Direct Taxes released a Circular revising monetary limits for filing of appeals by the Department with the objective of reducing .....

Tags : Cbdt, tax appeal, revised limits

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Tax on services received by apparel exporters in fabrication of garments(15.12.2015)

The Ministry of Finance has sought to clarify ambiguities regarding the applicability of service tax on services received by an apparel exporter from .....

Tags : Service tax, apparel, export, receipt

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Income Tax Simplification Committee reveals recommendations(25.01.2016)

The Income Tax Simplification Committee, headed by former Justice R.V. Easwar, has released its first.....

Tags : Income tax, simplification, recommendations

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Tax Policy Research Unit and Tax Policy Council set up(02.02.2016)

The Ministry of Finance has created a Tax Policy Research Unit and Tax Policy Council on the basis of recommendations made by the Tax Administration R.....

Tags : Tax reform, coherent policy, research, analysis

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Tax Policy Research Unit and Tax Policy Council set up(02.02.2016)

The Ministry of Finance has created a Tax Policy Research Unit and Tax Policy Council on the basis of recommendations made by the Tax Administration R.....

Tags : Tax reform, coherent policy, research, analysis

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Service Tax (Amendment) Rules, 2016(01.03.2016)

The Ministry of Finance notified Service Tax (Amendment) Rules, 2016 to amend Service Tax Rules, 1994. Amongst the changes is a substitution in the tr.....

Tags : service tax, partnership, advocates, deadline

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Service in relation to IT Software exempt from service tax(01.03.2016)

The Ministry of Finance exempted services in relation to Information Technology Software leviable to service tax under Section 66B read with section 6.....

Tags : service tax, information technology, record, exempt

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Point of Taxation (Amendment) Rules, 2016(01.03.2016)

The Ministry of Finance notified the Point of Taxation (Amendment) Rules, 2016 amending the Point of Taxation Rules, 2011. Among other changes, the ne.....

Tags : service tax, point of taxation

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Income-tax (3rd Amendment) Rules, 2016(01.03.2016)

The Central Board of Direct Taxes notified Income-tax (3rd Amendment) Rules, 2016 amending the Income-tax Rules, 1962. The Rules substitute provisions.....

Tags : income tax, appeal, form 35

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Indirect Tax Revenue (Provisional) collections during October 2015(09.11.2015)

Figures released for indirect tax revenue – Customs, Central Excise and Service Tax - collections in October, 2015 showed an increase of 36.8 per cent.....

Tags : Indirect tax, growth, revenue, 2015

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Swachh Bharat Cess grafted onto service tax levy(16.11.2015)

In a flurry of notifications the Ministry of Finance announced the imposition of an additional 0.5 per cent Swachh Bharat levy on service tax, effecti.....

Tags : Swachh bharat, service tax, exempt

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OECD global reforms to curb tax avoidance by MNCs(06.10.2015)

The OECD’s tax reforms, ‘Base Erosion and Profit Shifting’, to help close loopholes that allow companies avoid tax by moving profits to low-tax jurisd.....

Tags : Oecd, tax, multi national, treaty shopping

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Service tax levy on services provided by a Goods Transport Agency(05.10.2015)

Ministry of Finance has taken measures to alleviate difficulties faced by Goods Transport Agencies in respect of service tax levy on the services of g.....

Tags : Service tax, goods, transport

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Exchange of information with Israel and Vietnam on tax matters approved(07.10.2015)

The Cabinet has approved amendment to the Agreement between India and Vietnam for the avoidance of double taxation and for prevention of fiscal evasio.....

Tags : Double taxation, tax, Vietnam, israel, information

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Road Ministry releases Advisory on licensing and operating ‘app-based’ taxi services(19.10.2015)

The Ministry of Road Transport and Highways released an Advisory for operation of ‘app-based’ taxi services. It provides licensing of ‘on-demand trans.....

Tags : Taxi, app, ministry, advisory, temporary

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Income-tax (15th Amendment) Rules, 2015(12.10.2015)

Central Board of Direct Taxes amended the Income-tax Rules, 1962 with the Income-tax (15th Amendment) Rules, 2015. These modify Rule 11DD, substituti.....

Tags : Income tax, rules, amendment, fifteen, 2015

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Use of email based communication for paperless Assessment Proceedings(19.10.2015)

Central Board of Direct Taxation has begun a pilot program of using email to correspond with taxpayers. The project is expected to be run in non-corpo.....

Tags : Income tax, pilot, email, correspondence, 2015

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Amendment to exemption on certain taxable services from service tax under Section 66B of the Finance Act, 1994(21.10.2015)

The Central Government has made amendment to a Notification granting exemption on certain taxable services from whole of service tax leviable under Se.....

Tags : Pmjdy, rural, bank, correspondent, exempt, service tax

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Clarification regarding binding nature of circular and instructions(21.09.2015)

In light of various decisions by the Supreme Court, the Ministry of Finance issued clarifications on whether service tax, customs and excise field off.....

Tags : Tax, circular, override, judgment, supreme court

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MAT no longer applicable to foreign companies(24.09.2015)

Government of India has decided that with effect from 01.04.2001, the provisions of Section 115JB of the Income Tax Act, 1961 will not be applicable t.....

Tags : Mat, 115jb, income tax, foreign company

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Additional or Joint Commissioners of IT to performs functions of Assessing Officers under Black Money Tax Act, 2015(24.08.2015)

The Central Board of Direct Taxes notified that Additional or Joint Commissioners of Income-tax will exercise the powers and perform the functions of .....

Tags : Black money, tax, assessing officer

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Report on Applicability of Minimum Alternate Tax on FIIs / FPIs for the period prior to 01.04.2015(27.08.2015)

The Ministry of Finance released its Report on 'Applicability of Minimum Alternate Tax on FIIs / FPIs for the period prior to 01.04.2015'. The Commit.....

Tags : Minimum alternate tax, report, 2015, foreign institutional investors

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Compulsory manual selection of cases for scrutiny during the Financial Year 2015-2016(31.08.2015)

The Central Board of Direct Taxes lay down procedure and criteria for manual selection of returns and cases for scrutiny during the financial-year 201.....

Tags : Tax, scrutiny, cases, manual selection

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Income Tax (11th Amendment) Rules, 2015(07.08.2015)

The Government made amendments to the Income-tax Rules, 1962 with regard to registration of persons, due diligence and maintenance of information; and.....

Tags : income tax rules, registration, persons

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Clarification on approval and claim of exemption by universities and educational institutions(17.08.2015)

The Central Board of Direct Taxation notified clarifications to Section 10(23C)(vi) of the Income Tax Act, 1961, which prescribes conditions for tax e.....

Tags : Tax, exemption, universities

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CBDT amends Income-tax Rules, 1962(17.08.2015)

The Central Board of Direct Taxes made amendments to the Income-tax Rules, 1962, inserting Rule 126: 'Computation of period of stay in India in certai.....

Tags : Income tax, rule, sea voyage

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Clarifications on Finance Act, 1994 and Central Excise Act, 1944(18.08.2015)

The Central government issued clarifications with regard to detections made during audit, investigation or scrutiny. The clarifications relate to the.....

Tags : Show cause notice, service tax

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Cabinet approves protocol amending the Agreement between India and Sri Lanka for avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income(12.02.2020)

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the Signing and Ratification of the Protocol amending the Agreement .....

Tags : Agreement, Amendment, Double taxation

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E-filing of Income Tax Returns registers an increase of 19%(06.05.2019)

There have been some incorrect reports in media pertaining to reduction in numbers of Income Tax Returns(ITR) e-filed during Financial Year(F.Y.) 2018.....

Tags : E-filing, Income Tax, Returns

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CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN(15.08.2019)

With a view to bringing greater transparency in the functioning of the tax-administration and improvement in service delivery, almost all notices and .....

Tags : Transparency, Tax Administration, Steps

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CBDT issues clarification on eligibility of small Start-ups to avail tax holiday(22.08.2019)

The Central Board of Direct Taxes (CBDT) has clarified that, small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax hol.....

Tags : Tax Holiday, Eligibility, Small Start-ups, Clarification

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Amendment in notification No. 21/2019-Central Tax, dated the 23rd April, 2019(24.10.2019)

In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recomm.....

Tags : Amendment, Notification, Self-assessed tax, Details

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Income Tax Department conducts search on a prominent business group in Delhi(23.10.2019)

Income Tax Department conducted search operation on a group based in Delhi in connection with tax evasion and money laundering. The group is engaged i.....

Tags : Business group, Tax evasion, Search

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Cabinet approves protocol amending the Convention between India and Brazil for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income(06.11.2019)

The Union Cabinet Chaired by the Prime Minister Shri Narendra Modi approved the signing of the Protocol amending the Convention between the Government.....

Tags : Protocol, Approval, Double taxation

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CBDT issues Draft Notification for Amendment of Form No 10B of the Income-tax Rules, 1962(21.05.2019)

Section 12A of the Income-tax Act, 1961 (the Act) provides for conditions for applicability of Sections 11 and 12 of the Act. One such condition under.....

Tags : Notification, Amendment, Form No 10B, Income-tax Rules

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Taxability of the service of access to a road or bridge in the period 8-11-2016 to 1-12-2016(21.05.2019)

I am directed to draw your attention to a representation from the Construction Federation of India wherein they have stated that due to the demonetisa.....

Tags : Taxability, Service, Access to a road or bridge

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Extension of date of direct tax payment in respect of third instalment of advance tax for FY 2019-2020(16.12.2019)

Considering the large-scale disruption of Internet Services in the North Eastern States-Assam, Tripura, Arunachal Pradesh, Meghalaya, Nagaland, Manipu.....

Tags : Extension, Date, Direct Tax payment

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Clarification in respect of transfer of input tax credit in case of death of sole proprietor(28.03.2019)

Doubts have been raised whether sub-section (3) of section 18 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as 'CGST Act') .....

Tags : Transfer, Input tax credit, Clarification

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Draft Notification proposing Amendment of Rules 2C, 2CA and 11AA and for Nos. 10G, 56 and 56G of the Income-Tax Rules, 1962 placed in public domain for inputs from stakeholders and general public(29.10.2018)

Currently, for grant of approval under sub-clauses (iv) and (v) of clause (23C) of Section 10 of the Income-tax Act, 1961 (the Act), for exemption of .....

Tags : Draft Notification, Amendment, Income-Tax Rules

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Amendment in Notification No. 48/2017-Central Tax dated the 18th October, 2017(15.01.2019)

In exercise of the powers conferred by section 147 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recomm.....

Tags : Notification, Amendment, Input tax credit

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CBDT identifies non-filers through Non-filers Monitoring System (NMS) by using Data Analytics and request the Non-filers to assess their tax liability for AY 2018-2019(22.01.2019)

The Non-filers Monitoring System (NMS) aims to identify and monitor persons who enter into high value transactions and have potential tax liabilities .....

Tags : Non-filers, Identification, Tax liability

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CBDT further extends date for filing Income Tax Returns and Audit Reports(08.10.2018)

The due date for filing of Income Tax Returns and Audit Reports for Assessment Year 2018-2019 is 30th September, 2018 for certain categories of taxpay.....

Tags : Income Tax Returns, Date, Extension

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Amendment in Notification No. 34/2018-Central Tax, dated the 10th August, 2018(21.08.2018)

In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of t.....

Tags : Notification, Amendment, Central Tax

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Government invites comments of Stakeholders and General Public on Proposed Amendments to Income-Tax Rules, 1962 by 4th September, 2018(20.08.2018)

Income-tax Rules, 1962 (I.T. Rules) prescribe Form No. 13 for filing an application for seeking a certificate under Section 197 and/or under Section 2.....

Tags : Comments, Income-Tax Rules, Amendment

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News

SC Stays Imposition of Service Tax on Lawyers(10.08.2015)

Supreme Court has stayed the Bombay High Court’s order of dismissing the petition challenging levy of service tax on lawyers.

Tags : Supreme Court, service tax on lawyers

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CBDT Notifies New Rules on Tax-Free Status for Indian Sailors(19.08.2015)

Central Board of Direct Taxes (CBDT) has issued gazette notification regarding new tax rules for people working on ships which will help them to quali.....

Tags : Government,tax rule

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Punjab and Haryana High Court Denies to Stay Imposition of Property Tax in City(06.10.2015)

Punjab and Haryana HC has denied to pass any interim order to stay levy of property tax in Chandigarh after UT Administration said that it was authori.....

Tags : Punjab and Haryana High Court,Property Tax

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NGT Directs Trucks Entering Delhi to Pay Environmental Tax(08.10.2015)

National Green Tribunal (NGT) has directed all commercial vehicles entering Delhi to pay environmental compensation charge in addition to the toll tax.....

Tags : National Green Tribunal ,Environmental Tax

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Bombay High Court Quashes Income Tax Appellate Tribunal Ruling in Rs 8500 crore Transfer Pricing Case(09.10.2015)

Bombay High Court has quashed and set aside an order of Income Tax Appellate Tribunal, which had ruled that I-T department had powers to raise tax dem.....

Tags : Bombay High Court ,Income Tax Appellate Tribunal,Vodafone India

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Supreme Court Allows Carrying Forward of Tax Losses(28.10.2015)

Supreme Court while providing benefit to companies making acquisition and reconstruction, has allowed carrying forward of tax losses in such transacti.....

Tags : Supreme Court, tax losses

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Bombay High Court: Eye Treatment Can’t be Considered Professional Expenditure(30.10.2015)

Bombay High Court has said that expenses incurred for getting eyes treated cannot be claimed as a professional deduction under the Income Tax (IT) law.....

Tags : Bombay High Court, Income Tax (IT) law

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Punjab and Haryana HC Seeks Information on Highway Liquor Vends(17.11.2015)

Punjab and Haryana HC has directed Punjab Excise and Taxation Commissioner to inform if there were any liquor vends in state in violation of the court.....

Tags : Punjab and Haryana HC , Punjab Excise and Taxation Commissioner

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Pune ITAT: Higher Education Abroad Is No Bar for Claiming Interest on Edu Loans for Tax Deduction(02.12.2015)

Pune Income-tax Appellate Tribunal (ITAT) has held that deduction for interest paid on educational loans taken for higher studies will be allowed from.....

Tags : Pune Income-tax Appellate Tribunal , Edu Loans for Tax Deduction

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Madras HC Stays Order on ET Exemption(03.12.2015)

Madras High Court has stayed order of a single judge directing State government to pass on exemption on Entertainment Tax (ET) provided to films with .....

Tags : Madras High Court, Entertainment Tax

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Karnataka HC: State Can’t Levy FDT on Private Mining Lease-Holders(04.12.2015)

Karnataka HC has held that private mining or quarrying lease-holders in forest areas are not liable to collect Forest Development Tax (FDT) when they .....

Tags : Karnataka HC, Forest Development Tax

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CBDT Notifies Emails as New Communication Mode with Taxpayers(07.12.2015)

Central Board of Direct Taxes (CBDT) has notified use of emails as new mode of communication between taxman and taxpayers, as part of government's e-i.....

Tags : Central Board of Direct Taxes , emails

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Supreme Court Says Meal Vouchers Shouldn’t Be Taxed(10.12.2015)

Supreme Court has ruled that meal vouchers are not ‘goods’ for the purpose of levy of Octroi or Local Body Tax (LBT) and that the company issuing such.....

Tags : Supreme Court , Meal Vouchers, Octroi or Local Body Tax (LBT)

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CBDT: Sebi-Registered FPIs get I-T Filing Relief(11.12.2015)

Central Board of Direct Taxes (CBDT) has clarified that incomplete or deficient returns filed by Foreign Portfolio Investors (FPIs) would not be treat.....

Tags : Central Board of Direct Taxes , Foreign Portfolio Investors

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CBDT Increases Monetary Limit for Court Appeal by Income Tax (I -T) Department(14.12.2015)

Central Board of Direct Taxes (CBDT) in order to cut down on frivolous litigation and taxpayers grievances, has issued fresh directions revising monet.....

Tags : Central Board of Direct Taxes, Monetary Limit for Court Appeal

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CBDT: Contractors in Consortium Not to be Taxed as AOP(08.03.2016)

Central Board of Direct Taxes (CBDT) has said those working in a consortium will not be taxed as Association of Persons (AOP) if each entity's earning.....

Tags : Central Board of Direct Taxes , Association of Persons, consortium

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Companies Now to Pay Service Tax on Services Availed from Govt. from Next Fiscal Year(09.03.2016)

Govt. has notified provision making Indian companies to pay service tax on any service they avail from Government or local authority from the next fis.....

Tags : Govt., Indian companies , service tax

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CBDT Provides Investors Tax Relief on Investment Gains(10.03.2016)

Central Board of Direct Taxes (CBDT), in order to reduce litigations between investors and the Income-Tax Department, has allowed investors to decide .....

Tags : Central Board of Direct Taxes, Investment Gains

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Allahabad HC Slams UP Tax Department for Taking Money from Flipkart(14.03.2016)

Allahabad HC has slammed Commercial Tax Department of Uttar Pradesh for using dubious means to withdraw Rs 49 crore from bank accounts of Flipkart in .....

Tags : Allahabad HC , UP Tax Department

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SEBI Bars 22 Entities for Tax Evasion via Bourses(18.02.2016)

Securities and Exchange Board of India (SEBI) has barred 22 entities from the market for their role in using stock options to generate artificial capi.....

Tags : Securities and Exchange Board of India, Tax Evasion

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I-T Clarification on US Tax Law Enforcement(22.02.2016)

Income Tax Department has clarified that all upcoming reporting in May 2016 for purpose of adhering to the US Foreign Account Tax Compliance Act (FATC.....

Tags : Income Tax Department, US Foreign Account Tax Compliance Act

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CBDT Issues Norms for Faster Refund in Pending Tax Demand Cases(02.02.2016)

Central Board of Direct Taxes (CBDT) has issued guidelines for expeditious tax refund of up to Rs.5,000 in cases where the department wants to adjust .....

Tags : Central Board of Direct Taxes, Tax Demand Cases

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Bombay HC: Don't Pay Tax if Govt. Can't Curb Graft(03.02.2016)

Bombay HC has asked citizens to “refuse to pay taxes by launching a non-cooperation movement“ if Government failed to control corruption.

Tags : Bombay HC , Tax

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Government Sets-Up Tax Policy Research Unit and Tax Policy Council(03.02.2016)

Government has set-up Tax Policy Research Unit and Tax Policy Council to bring consistency, multidisciplinary inputs, and coherence in Tax Policy.

Tags : Government, Tax Policy Research Unit , Tax Policy Council

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Income Tax Department Issues Guidelines for E-Communication to Tax Payers(05.02.2016)

Government, in order to ease communication with the Income-Tax Department, has allowed tax payers to reply to notices using their registered email add.....

Tags : Income Tax Department , Tax Payers

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CBDT Notifies New Income Tax Department Authority to Deal with Black Money Window(18.12.2015)

Central Board of Direct Taxation (CBDT) has notified new Income Tax department authority which will now be empowered to receive due taxes and penalty .....

Tags : Central Board of Direct Taxation, Income Tax department authority, Black Money Window

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Authority for Advance Ruling: No Service Tax on Payments to Expats Working in Local Arms of MNCs(21.12.2015)

Authority for Advance Ruling has said that payments to expats working in India for local arms of multinationals by the foreign parent won't attract se.....

Tags : Authority for Advance Ruling , multinationals, service tax

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CCI Orders Enquiry Against A Leading Taxi Aggregator For Predatory Pricing(21.09.2015)

Competition Commission of India (CCI) has ordered an enquiry against a leading taxi aggregator company in India for alleged indulging in predatory pri.....

Tags : Competition Commission of India,taxi aggregator company

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CIC Issues Summon to Secretary to L-G over RTI on Tax Fraud(22.09.2015)

Central Information Commission (CIC) while taking serious view of how an RTI application was handled by Lieutenant Governor secretariat, Information C.....

Tags : Central Information Commission,RTI on Tax Fraud

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PAN Must for Cash Payment of Hotel Bill over Rs 50,000 from Tomorrow(31.12.2015)

Furnishing PAN has been made mandatory from tomorrow for cash transactions such as hotel or foreign travel bills exceeding Rs 50,000. Department of In.....

Tags : PAN , Department of Income Tax

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Delhi HC Stays Fresh Tax Demand on Vodafone(04.01.2016)

Delhi High Court has directed Income-Tax (I-T) department not to give effect to any fresh assessment against Vodafone for assessment year 2011-12 till.....

Tags : Delhi High Court, Income-Tax (I-T) department , Vodafone

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CBDT Issues New Income Tax Reporting Norms for High Value Transactions(04.01.2016)

Central Board of Direct Taxes (CBDT) has notified norms under which cash receipts and high value transactions beyond a certain threshold will have to.....

Tags : Central Board of Direct Taxes, High Value Transactions

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SC Extends Deadline for All Cabs in NCR to Convert to CNG till March 31(06.01.2016)

Supreme Court has extended deadline for all taxis in National Capital Region to convert to CNG mode from March 1 to March 31 and directed Centre to s.....

Tags : Supreme Court, Centre , taxis

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NGT Disposes Plea Against Running of Inter-State Diesel Taxis(13.01.2016)

National Green Tribunal (NGT) has disposed of petitions which alleged that diesel powered inter-state taxis operating in Delhi were violating Supreme .....

Tags : National Green Tribunal , Inter-State Diesel Taxis

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Bihar Govt. Levies Luxury Tax on Samosas, Kachoris , Namkeens Etc.(14.01.2016)

Bihar Govt. has decided to impose Value Added Tax of 13.5% on a host of items counted as luxury products, including sweets costing more than Rs.500 a .....

Tags : Bihar Govt. , Value Added Tax, Samosas, Kachoris, Namkeens

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Delhi HC Asks Centre and Police: Are Taxpayers in Delhi Getting Safety in Return?(21.01.2016)

Delhi High Court has asked Centre and Police, “people in Delhi are paying taxes but are they getting safety in return" and irked over Union Government.....

Tags : Delhi HC, Taxpayers

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Punjab and Haryana HC Issues Summon to State Excise Chief over Liquor Shops on Highways(15.12.2015)

Punjab and Haryana HC has summoned Excise and Taxation Commissioners (ETCs) of Haryana and Punjab over their failure to stop liquor vends along the na.....

Tags : Punjab and Haryana HC, Excise and Taxation Commissioners (ETCs) of Haryana and Punjab

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Supreme Court Bans Registration of 2000cc+ Diesel Cars in NCR(16.12.2015)

SC has banned registration of diesel-run SUVs and cars having engine capacity beyond 2000 cc with immediate effect till March 31, 2016. Commercial veh.....

Tags : SC, registration of diesel-run SUVs and cars, Commercial vehicles, taxis

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Finance Minister Raises Service Tax by 0.5%(01.03.2016)

Finance Minister Arun Jaitley has managed to increase service tax slightly by 0.5 percent in the form of Krishi Kalyan cess.

Tags : Service Tax , Krishi Kalyan cess

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Government set to settle retrospective tax disputes(21.03.2016)

The Government is set to approve a scheme allowing firms mired in retrospective-tax disputes to settle them after paying principal tax. The scheme is .....

Tags : Retrospective tax, companies, settlement

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Government set to settle retrospective tax disputes(21.03.2016)

The Government is set to approve a scheme allowing firms mired in retrospective-tax disputes to settle them after paying principal tax. The scheme is .....

Tags : Retrospective tax, companies, settlement

read»



CBDT Relaxes Taxation Norms for Bonds, Debentures Held by Companies(23.03.2016)

Central Board of Direct Taxes (CBDT), while easing the norms, has said capital gains tax will be computed from the date of acquisition of financial in.....

Tags : Central Board of Direct Taxes , Bonds, Debentures

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Income Tax Dept Notifies New Return Forms for 2016-17 for Wealthy Individuals(01.04.2016)

Income Tax Dept has notified new tax return forms for 2016-17, which require wealthy individuals to mandatorily disclose details about assets like lan.....

Tags : Income Tax Dept , Wealthy Individuals, New Return Forms

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I-T Department Notifies Rules Relaxing Norms on Foreign Fund Managers(17.03.2016)

Income-Tax Department has notified rules relaxing certain earlier conditions governing foreign fund managers in a bid to encourage them to move to Ind.....

Tags : Income-Tax Department , foreign fund managers

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Kerala HC Directs Police Action against Taxi Drivers Obstructing Online Taxi Operators(18.03.2016)

Kerala HC has ordered State Police Chief to take action against taxi drivers who prevent online taxi services such as Uber and Ola from entering publi.....

Tags : Kerala HC , Taxi Operators

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CBDT: Assesse Having Annual Income of over Rs 50 Lakh Must Declare Cost Price of Expensive Assets(05.05.2016)

Central Board of Direct Taxes (CBDT) has said people with annual income of over Rs 50 lakh will have to disclose the acquisition cost of all the asset.....

Tags : Central Board of Direct Taxes

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CBDT Announces Aug 31 as Last Date for Clearing Pending ITRs, Refunds(09.05.2016)

Central Board of Direct Taxes (CBDT) has declared August 31 as deadline for taxpayers whose ITRs for six assessment years between 2009-10 and 2014-15 .....

Tags : Central Board of Direct Taxes , ITRs

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SC Agrees to Allow Diesel Taxis with All-India Permit to Carry BPO Employees in Delhi, NCR(10.05.2016)

SC has agreed to relax its order banning diesel-run all-India tourist permit taxis which ferry BPO employees in Delhi and NCR.

Tags : SC, Diesel Taxis

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Supreme Court Eases Directives on Diesel Taxis(11.05.2016)

SC has modified its earlier order, which will now benefit 64,000 taxis and employees of BPO firms, who are picked up from Delhi and dropped to their o.....

Tags : SC , Diesel Taxis

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Delhi Government Reduces VAT on Certain Items(12.05.2016)

Delhi Government has reduced Value Added Tax (VAT) on hybrid cars, battery-operated vehicles and e-rickshaws from 12.5 per cent to 5 per cent, project.....

Tags : Delhi Government, Value Added Tax (VAT)

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Madras High Court Upholds Legal Provision Against Foreign Tax Havens(14.04.2016)

Madras High Court has upheld the Constitutional validity of Section 94A(1) of the Income Tax Act, 1961 which empowers the Government to declare any co.....

Tags : Madras High Court, Tax haven

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MoF Grants Exemptions from Service Tax on Certain Services Provided by Govt. and Local Authorities(15.04.2016)

Ministry of Finance (MoF) has granted business entities exemption from service tax on certain services provided by Govt. and local authorities. Over r.....

Tags : Ministry of Finance , Service Tax

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Madras HC: Amendment to TN Motor Vehicles Act Unconstitutional(06.04.2016)

Madras High Court has declared that the amendment made to Tamil Nadu Motor Vehicles Taxation Act,1974, by the government, which imposed a tax on omni .....

Tags : Madras High Court, Tamil Nadu Motor Vehicles Taxation Act,1974

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Delhi HC Issues Notice to Delhi Govt. over Petition Filled by Radio-Taxi Operator Employee(19.04.2016)

Delhi HC has issued notice to Delhi Govt. over a petition filed by an employee of radio-taxi operator ‘Magic Sewa’ against “unlicenced taxi aggregator.....

Tags : Delhi HC , Delhi Govt. , Radio-Taxi Operator

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Allahabad HC Put Stay on Notification on Service Tax on Lawyers(19.04.2016)

Allahabad High Court has put stay on notification issued by Central Board of Excise and Customs (CBEC), imposing service tax on senior advocates. This.....

Tags : Allahabad High Court, CBEC, service tax

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Govt. Increases Monetary Limit for Challenging Tax Cases(26.04.2016)

Finance Ministry has raised monetary limit for filing appeals in indirect tax cases to Rs 10 lakh in appellate tribunal, and Rs 15 lakh in High Courts.....

Tags : Finance Ministry , Tax Cases

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Central Board of Direct Taxes: IT Department to Pay Interest on TDS Refund(27.04.2016)

Central Board of Direct Taxes has issued directive and said that Income Tax department will now add interest amount to a delayed refund made on excess.....

Tags : Central Board of Direct Taxes , TDS Refund

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GST In Lok Sabha Once Again(08.08.2016)

Finance Minister Arun Jaitley, with a strong pitch for "one nation one tax,", has presented in the Lok Sabha the bill passed by the Rajya Sabha last .....

Tags : Arun Jaitley, Goods and Services Tax , GST

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Orissa HC Slashes Heritage Tax for Newlyweds(11.08.2016)

Orissa High Court has termed illegal the Bhubaneswar Municipal Corporation's practice of collecting Rs 1,000 from newlyweds towards maintenance of her.....

Tags : Orissa High Court , Heritage Tax

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Delhi HC Upholds Tax on Food, Drinks in AC Hotels, Restaurants(16.08.2016)

Delhi HC has upheld Centre’s decision to impose service tax on food and beverages served in air-conditioned restaurants and hotels across the country.

Tags : Delhi HC, Centre, service tax

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Delhi HC Rules Central Tax on Short-Term Accommodation in Hotels 'Unconstitutional'(16.08.2016)

Delhi HC has struck down a central tax on short term accommodation of less than three months in a hotel, inn, guest house, club or campsite as "uncons.....

Tags : Delhi HC, central tax , Hotels

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CIC: Duly Consider Public Interest While Deciding RTI on ITR(16.08.2016)

Central Information Commission (CIC) has directed Income Tax department to "duly consider the larger public interest" while responding to an RTI requ.....

Tags : Central Information Commission , Income Tax department

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RBI Authorises Select Bank Branches to Collect Advance Tax(16.08.2016)

Reserve Bank of India (RBI) has authorised various bank branches, including those of SBI, ICICI, HDFC Bank, PNB and Bank of Baroda, to collect income .....

Tags : Reserve Bank of India, Advance Tax

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Mumbai ITAT Rules, Property Co-Ownership doesn’t Mean Joint I-T Liability(16.08.2016)

Mumbai Income-Tax Appellate Tribunal (ITAT) has ruled that if a spouse has not invested in a property and is merely a co-holder, then on sale of such .....

Tags : Mumbai Income-Tax Appellate Tribunal, Joint I-T Liability

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India Notifies Protocol Amending Mauritius Tax Treaty(16.08.2016)

India has notified a landmark Protocol that has now amended an existing 33-year-old Double Taxation Avoidance Agreement (DTAA) between India and Mauri.....

Tags : Double Taxation Avoidance Agreement (DTAA) between India and Mauritius

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P&H High Court Issue Notice to Chandigarh Administration on paying of VAT on Discount Amount(19.08.2016)

P&H High Court has issued notice of motion to the Chandigarh Administration asking to file a reply as to why their order directing the automobile agen.....

Tags : P&H High Court, Value Added Tax

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CBDT Eases Rules for TDS Claims by Non-Resident Companies(29.06.2016)

Central Board of Direct Taxes (CBDT) has come out with Rule 37BC, which gives relaxation to Non-Residents from furnishing PAN number in India while cl.....

Tags : Central Board of Direct Taxes, Rule 37BC, TDS Claims

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Delhi HC: Penalty Proceedings to Continue in Vodafone Tax Case(30.06.2016)

Delhi HC has allowed penalty proceedings by Income Tax Department to continue against Vodafone Mobile Services Ltd, but stayed operation of the final .....

Tags : Delhi HC, Vodafone Tax Case

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I-T Department Notifies Rules for Foreign Tax Credit(01.07.2016)

Income-Tax Department has notified rules for Foreign Tax Credit, providing clarity on tax credit available to Indian resident taxpayers on foreign inc.....

Tags : Income-Tax Department, Foreign Tax Credit

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CBDT Notifies Tax Exemption to Startups from 'Rigour' of Section 56(2)(viib) of Income Tax Act(20.06.2016)

Central Board of Direct Taxes (CBDT) has notified tax exemption on investments above fair market rate for startups. The exemption is provided to start.....

Tags : Central Board of Direct Taxes, section 56(2)(viib) of Income Tax Act, startups

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Finance Ministry: No Audit for Turnover of Up to Rs 2 Crore if Opted Presumptive Taxation Scheme(21.06.2016)

Finance Ministry has said that small businesses with a total turnover of up to Rs 2 crore will not be required to get their accounts audited if they o.....

Tags : Finance Ministry, presumptive taxation scheme, Audit

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Income-Tax Tribunal: Gains from Penny Stocks Not Bogus(22.06.2016)

Income-Tax Tribunal has ruled that gains from penny stocks cannot be termed as bogus just because the Securities and Exchange Board of India is inquir.....

Tags : Income-Tax Tribunal , Securities and Exchange Board of India , Penny Stocks

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CBDT Grants TDS Exemption for Seven Transactions(23.06.2016)

Central Board of Direct Taxes (CBDT) has helped improve cash flows for Payment System Companies by exempting seven types of transactions from TDS obli.....

Tags : Central Board of Direct Taxes , TDS, Payment System Companies

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Income Declaration & Tax Dispute Resolution Schemes to Come into Force from Tomorrow(31.05.2016)

Central Board of Direct Taxes (CBDT) has said that the Income Declaration Scheme, 2016 and the Direct and Indirect Tax Dispute Resolution Schemes 2016.....

Tags : Central Board of Direct Taxes, Income Declaration Scheme, 2016, Tax Dispute Resolution Schemes

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Four New Forms Under Domestic Black Money Window Notified by Income Tax Department(03.06.2016)

Income Tax department has notified four new forms for those who wish to declare their untaxed funds and properties under the one-time domestic black m.....

Tags : Income Tax Department, Form

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Supreme Court to Take Fresh Look at Tax on Club Food(03.06.2016)

Can a State Government levy sales tax on food and drinks served to permanent members by a private club on its premises? After deliberating on this que.....

Tags : Supreme Court, Tax, Club Food

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CBDT: Corrupt Can’t Use Black Money Window(23.05.2016)

Central Board of Direct Taxes (CBDT) has said that corrupt individuals will not be eligible to declare their black money under compliance window that .....

Tags : Central Board of Direct Taxes, Black Money Window

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SC Denies Immediate Relief to Himachal Taxi Operators(23.05.2016)

Supreme Court has refused to grant any immediate relief to Himachal Pradesh taxi operators, who had pleaded for raising the limit on the number of veh.....

Tags : Supreme Court, Himachal Pradesh taxi operators

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CBDT: Publishing Houses Eligible to Claim Additional Depreciation(24.05.2016)

Central Board of Direct Taxes (CBDT) has clarified that publishing houses can claim additional depreciation on plant and machinery deployed by them as.....

Tags : Central Board of Direct Taxes, Additional Depriciation, publishing houses

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CBDT Issues Draft Rules to Compute Fair Market Value of Foreign Firms(24.05.2016)

Central Board of Direct Taxes (CBDT) has taken the steps for implementing the controversial ‘indirect transfer’ provisions by issuing draft rules to s.....

Tags : Central Board of Direct Taxes, indirect transfer’ provisions

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Income Tax Department Launches 'E-Nivaran' to Fast Track Taxpayer Grievances(18.05.2016)

Income Tax Department has launched a special electronic grievance redressal system called 'e-nivaran' in order to fast track taxpayer grievances and e.....

Tags : Income Tax Department, e-nivaran

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ITAT Clarifies on Rent Deposits(07.06.2016)

Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has observed that the notional interest on security deposit paid by an employer to the landlord c.....

Tags : Income Tax Appellate Tribunal, ITAT, security deposit

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Delhi HC to Homebuyers: Don’t Pay Service Tax to Builders(09.06.2016)

Delhi HC while passing a judgment that could effect home buyers across the country has held that service tax cannot be charged on property units in a .....

Tags : Delhi HC, service tax

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CBDT: 1% Tax at Source on Retail Sales of Motor Vehicles(09.06.2016)

Centre has decided to levy 1% tax collected at source (TCS) on motor vehicles purchased in ‘cash’, in the range of Rs 2-10 lakh. Also, any sale exceed.....

Tags : CBDT, tax collected at source

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Allahabad High Court Says 'Levy of Service Tax on Rented Property is Constitutional'(05.06.2017)

Allahabad High Court has upheld constitutional validity of provisions of Finance Act, 1994 imposing Service Tax on rented immovable property.

Tags : Allahabad High Court, service tax

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Allahabad HC Says 'No' to Benefit u/s 80G of IT Act on Mere Fulfillment of Conditions u/s 10(23)(c)(06.06.2017)

Allahabad High Court has held that benefit of Section 80G of Income Tax Act cannot be granted to assessee merely on ground that it satisfies all condi.....

Tags : Allahabad High Court, Income Tax Act

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CBDT: PAN Mandatory for Refund of TDS on Immovable Property(07.06.2017)

Central Board of Direct Taxes (CBDT) has notified amendment in income Tax Rules making it mandatory to furnish PAN details in Form 26B instead of TAN.....

Tags : Central Board of Direct Taxes, TDS

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Allahabad High Court Says Levy of Service Tax on Rented Property is Constitutional'(08.06.2017)

Allahabad High Court has upheld constitutional validity of provisions of Finance Act, 1994 imposing Service Tax on rented immovable property.

Tags : Allahabad High Court, Service Tax

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ITAT Kolkata: Shareholding by Subsidiary Co. Irrelevant While Considering ‘Deemed Dividend’ Liability(09.06.2017)

ITAT Kolkata has held that shareholding by Subsidiary Company is irrelevant while considering ‘deemed dividend’ liability of Holding Company under sec.....

Tags : ITAT Kolkata, Income Tax Act

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ITAT Hyderabad: Return by Govt Agency Can't be Rejected For Not Furnishing Audit Report(09.06.2017)

Income Tax Appellate Tribunal (ITAT), Hyderabad has held that income tax return filed by a Government agency cannot be rejected by authorities merely .....

Tags : Income Tax Appellate Tribunal, Audit Report

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CBDT Notifies New Safe Harbour Regime(09.06.2017)

Central Board of Direct Taxes (CBDT) has notified a new safe harbour regime to reduce transfer pricing disputes, to provide certainty to taxpayers, to.....

Tags : Central Board of Direct Taxes, Safe Harbour Regime

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CBDT Notifies Transfer Pricing Tolerance Limit for AYs 2017-18 and 2018-19(12.06.2017)

Central Board of Direct Taxes (CBDT) has notified transfer pricing tolerance limit for computation of Arm’s Length Price (ALP) applicable to assessmen.....

Tags : Central Board of Direct Taxes, Transfer Pricing Tolerance Limit

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CBDT: People Not Having PAN Card Can File Form 60 Manually/Electronically Using E-Verification(12.06.2017)

Central Board of Direct Taxes (CBDT) has notified amended rules regarding furnishing of Form 60 either in manually or electronically by using e-verif.....

Tags : Central Board of Direct Taxes, Form 60, PAN Card

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CBDT: Bonds Issued by ‘Power Finance Corporation Ltd’ Are Eligible for Capital Gain Exemption(12.06.2017)

Central Board of Direct Taxes (CBDT) has notified that Capital Gain exemption under section 54EC of Income Tax Act is applicable to bonds issued by Po.....

Tags : Central Board of Direct Taxes, Capital Gain Exemption

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CBDT: Trade Advances cannot be treated as ‘Deemed Dividend’(14.06.2017)

Central Board of Direct Taxes (CBDT) has clarified that trade advances would not attract provisions of “deemed dividend” under provisions of Section 2.....

Tags : Central Board of Direct Taxes, Income Tax Act

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CBDT: Payment of ‘Passenger Service Fee’ by an Airline to Airport Operator Does Not Attract TDS(14.06.2017)

Central Board of Direct Taxes (CBDT) has issued a circular clarifying that payment of ‘Passenger Service Fee’ made by an airline to Airport Operator d.....

Tags : Central Board of Direct Taxes, Passenger Service Fee

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ITAT, Bengaluru: No Exemption to Society For Investment in Fixed Asset using Loan Amount(15.06.2017)

ITAT, Bengaluru has held that assessee-society is not entitled to exemption in respect of investment in fixed asset using loan amount under section 11.....

Tags : ITAT, Bengaluru, Income Tax Act

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Karnataka Assembly Passes State GST Bill(16.06.2017)

Karnataka State Assembly has unanimously passed 'Karnataka Goods and Services Tax Bill, 2017'.

Tags : Karnataka Goods and Services Tax Bill, 2017

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CBDT Notifies Rule for Computing Interest Income for Secondary Adjustments Under Transfer Pricing(19.06.2017)

Central Board of Direct Taxes (CBDT) has amended Income Tax Rules, 1962 and inserted Rule 10CB for computing interest income for secondary adjustments.....

Tags : Central Board of Direct Taxes, Transfer Pricing

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GST Rollout on June 30 Midnight, Filing Rules Relaxed for Jul-Aug(19.06.2017)

Goods and Services Tax (GST) Council has decided to increase room tariff threshold, above which luxury rate of 28% will apply, to Rs 7,500 from Rs 5,0.....

Tags : Goods and Services Tax, Filing Rules

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#OneNationOneTax: GST Council Revises Tax Rates For Restaurants, Seals Rates for Lotteries(19.06.2017)

Goods and Services Tax (GST) Council has fixed cost of eating out at restaurants at 18%, down from 28% decided earlier. Council has fixed tax of state.....

Tags : Goods and Services Tax, GST Rates

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Gujarat High Court: Mere Rejection of a Claim Would Not Attract Penalty Under Income Tax Act(20.06.2017)

Gujarat High Court has held that penalty cannot be levied on assessee solely on ground of rejection of a claim under Income Tax Act, 1961.

Tags : Gujarat High Court, Income Tax Act

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GST Council: Composition Scheme Not Available to Manufacture of Ice-Cream, Pan Masala, Tobacco(20.06.2017)

Goods and Services Tax (GST) has decided to exclude manufacture of ice-cream, Pan Masala and Tobacco from the purview of Composition Levy Scheme under.....

Tags : Goods and Services Tax, Composition Scheme

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CBEC Releases Draft Notification Amending Bill of Entry and Bill of Export Regulations(20.06.2017)

Central Board of Excise and Customs (CBEC) has released draft notification amending Bill of Entry Regulations, 1976 and Bill of Export Regulations, 19.....

Tags : Goods and Services Tax, Bill of Entry, Bill of Export Regulations

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CBDT Notifies Revised Form 3CE for APA Seeking Taxpayer Identification Number of AE(20.06.2017)

Central Board of Direct Taxes (CBDT) has notified revised Form 3CE for Advance Pricing Agreements (APAs) wherein furnishing of Taxpayer Identification.....

Tags : Central Board of Direct Taxes, Advance Pricing Agreements

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Punjab, Tamil Nadu Passes State Goods and Services Tax (GST) Bills(20.06.2017)

Punjab and Tamil Nadu State Assemblies have passed Punjab State Goods and Services Tax (GST) Bill, 2017 and Tamil Nadu State Goods and Services Tax (G.....

Tags : Goods and Services Tax (GST) Bill

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#GST: Government Notifies Persons Exempted from Obtaining Registration(21.06.2017)

Central Government has notified persons only engaged in making taxable supplies, total tax on which is liable to be paid on reverse charge basis as th.....

Tags : Goods and Services Tax, GST, Registration

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#GST: Govt notifies gst.gov.in as Common E-Portal for GST(21.06.2017)

Central Government has notified www.gst.gov.in as the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, f.....

Tags : Goods and Services Tax, GST, E-Portal

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#GST: Six Sections of IGST Act Comes Into Force Tomorrow(21.06.2017)

Central Government has notified that six sections (1, 2, 3, 14, 20, 22) of Integrated Goods and Services Tax (IGST) Act will be implemented from 22nd .....

Tags : Goods and Services Tax, GST, IGST Act

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#GST: Eighteen Sections of CGST Act Comes Into Force Tomorrow(21.06.2017)

Central Government has notified that eighteen sections (1-5, 10, 23-30, 139, 146, 164) of Central Goods and Services Tax (CGST) Act will be implemente.....

Tags : Goods and Services Tax, GST, CGST Act

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#GST: CBEC Notifies Jurisdiction of Tax Officers under CGST & IGST Act(21.06.2017)

Central Board of Excise and Customs (CBEC) has notified jurisdiction of Tax officers under Central Goods and Services Tax (CGST) and Integrated Goods .....

Tags : Goods and Services Tax, GST, CGST Act, IGST Act

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#GST: Govt Notifies Anti-Profiteering Rules(21.06.2017)

Central Government has notified the Anti-profiteering Rules, 2017 under the GST law.

Tags : Goods and Services Tax, GST, Anti-Profiteering Rules

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#GST: CBEC Notifies Aadhaar/ Bank Account Based Verification for Purpose of CGST Rules(21.06.2017)

Central Board of Excise and Customs (CBEC) has notified Aadhaar based Electronic Verification Code (EVC) or Bank account based One Time Password as mo.....

Tags : Goods and Services Tax, GST, CGST Rules, Aadhaar/ Bank Account

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#GST: Central Goods & Services Rules-2017 Notified, Will Be Effective From Tomorrow(21.06.2017)

Central Board of Excise and Customs (CBEC) in exercise of powers conferred by section 164 of Central Goods and Services Tax Act, 2017 has notified Cen.....

Tags : Goods and Services Tax, GST, Central Goods & Services Rules-2017

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CBDT Notifies Rule 10CB for Secondary Adjustments u/s 92CE of IT Act, 1961(21.06.2017)

Central Board of Direct Taxes (CBDT) has notified Rule 10CB for operationalising the provisions of secondary adjustment under Section 92CE of IT Act, .....

Tags : Income Tax

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#GST Rollout: Six Sections of IGST Act Notified, Effective From Today(22.06.2017)

Central Government has notified that six sections (1, 2, 3, 14, 20, 22) of Integrated Goods and Services Tax (IGST) Act shall come into force from tod.....

Tags : Central Government, Goods and Services Tax (IGST) Act

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#GST Rollout: Eighteen Sections of CGST Act Notified, Effective from Today(22.06.2017)

Central Government has notified that eighteen sections (1-5, 10, 23-30, 139, 146, 164) of Central Goods and Services Tax (CGST) Act shall come into fo.....

Tags : Goods and Services Tax, GST, CGST Act

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#GST Rollout: Central Goods & Services Rules-2017 Notified, Effective From Today(22.06.2017)

Central Board of Excise and Customs (CBEC) in exercise of powers conferred by section 164 of Central Goods and Services Tax Act, 2017 has notified Cen.....

Tags : Goods and Services Tax, GST, CGST Act

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#GST Rollout: Seven Sections of UTGST Act Notified, Effective From Today(22.06.2017)

Central Government has notified that seven sections of Union Territory Goods and Services Tax (UTGST) Act (1, 2, 3, 4, 5, 17, 21, 22) shall come into .....

Tags : Central Government, Goods and Services Tax

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#GST Rollout: Central Government Declares 1st July as ‘GST Day’(23.06.2017)

Union finance ministry has said that GST Day will be celebrated across all field offices of Central Board of Excise and Customs (CBEC) on July 01, in .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST Rollout: Govt Defers TDS, TCS Under GST to Ensure Smooth Roll-out(27.06.2017)

Government has deferred implementation of Tax Deducted at Source (TDS) and Tax Collection Source (TCS) provisions as well as exempted from registratio.....

Tags : Government, Tax Deducted at Source, Tax Collection Source

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CBDT Issues New Scrutiny Notices with E-Facility for Taxpayers(27.06.2017)

Central Board of Direct Taxes (CBDT) has notified revised income tax scrutiny notices enabling tax payers to resolve issues arising out of scrutiny of.....

Tags : Central Board of Direct Taxes

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Government: Aadhaar Mandatory for PAN application Form from July 1(29.06.2017)

Income Tax Amendment Rules [Income Tax (17th Amendment) Rules, 2017] which makes quoting Aadhaar mandatory for PAN Application from July-1, has been n.....

Tags : Income Tax Amendment Rules, Aadhaar, PAN

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CBDT Enters into Five Unilateral Advance Pricing Agreement with Indian Taxpayers(29.06.2017)

Central Board of Direct Taxes (CBDT) has entered into Five Unilateral Advance Pricing Agreement with Indian taxpayers during June, 2017.

Tags : Central Board of Direct Taxes, Advance Pricing Agreements

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#GST Rollout:CBEC Notifies Remaining CGST Rules, Applicable from 1st July 2017(29.06.2017)

Central Board of Excise and Customs (CBEC) has notified remaining Central Goods and Service Tax (CGST) Rules which applicable from 1st July 2017.

Tags : Central Board of Excise and Customs, Central Goods and Service Tax (CGST) Rules

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#GST: Registered Persons Can Claim Refund of Integrated Tax on Export of Goods/Services(03.07.2017)

Govt has notified amended rules relating to CGST which has inserted a new clause, Rule 96A to CGST Rules that allows a registered person to claim refu.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Notifies GST Compensation Cess Rules, 2017(03.07.2017)

Government has notified GST Compensation Cess Rules, 2017 in order to compensate loss of manufacturing States under new indirect tax regime for first .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Unregistered Dealers Can Claim Cenvat Credit for Goods Purchased before GST Rollout(03.07.2017)

Govt has notified that dealers who are not registered under Central Excise Act but is registered with CGST can claim Cenvat Credit for goods purchased.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Notifies Reduced Rate of Fertilizers under CGST(03.07.2017)

Govt has notified rates approved by GST Council on Fertilizers under CGST Act, UTGST Act and IGST Act. As per the notification, Mineral or chemical fe.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: GST Compensation Cess on Vehicles Transporting up to 13 Persons(03.07.2017)

Govt has amended its earlier notification dated 28.06.2017 which levies 15% GST Compensation cess on motor vehicles for transport of 10 or more person.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Assessee Having Provisional ID must Complete Registration Procedure by September(03.07.2017)

Govt has clarified that a period of three months is allowed to complete procedure of issue of Goods and Services Tax Identification Number (GSTIN) i.e.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Notifies Rate of Goods and Services under IGST & UTGST(03.07.2017)

Central Government has notified a number of notifications prescribing rates applicable for goods and services under IGST and UTGST Acts.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Unutilized ITC Will Not be Refunded on Construction Services under UTGST(03.07.2017)

Central Board of Excise and Customs has notified that refund is not allowable under Union Territory Goods and Services Tax (UTGST) Act in case of cons.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Amends Customs, Central Excise Duties and Service Tax Drawback Rules(03.07.2017)

Government has amended Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 with a view to insert necessary changes to drawback rules u.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Lays Down Procedure for Intimating Aadhaar Number to IT Dept(03.07.2017)

Central Government has notified procedure for intimating Aadhaar number with Income Tax Department in compliance with provisions of section 139AA of I.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Border Commercial Tax Checkposts in 22 States Abolished(04.07.2017)

As many as 22 states have abolished Border Commercial Tax checkposts after rollout of Goods and Services Tax (GST) on July 1, marking a big step towar.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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CBDT: Property Advance Above Rs. 20,000 Must be Disclosed in Audit Report(05.07.2017)

Central Board of Direct Taxes (CBDT) has notified that property advance of Rs. 20,000 should be disclosed in audit report u/s 44AB of Income Tax Act.

Tags : Central Board of Direct Taxes, Income Tax Act

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#GST: Firms Can Sell ‘Unsold Stock’ at Reprinted MRP Till Sept 30(05.07.2017)

Central Government has allowed change in MRP on unsold stock prior to implementation of Goods and Services Tax (GST) till 30th September 2017.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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CBDT: Rs 2 Lakh Cash Ban Shall Not Apply on One Installment for Loan for NBFCs(06.07.2017)

Central Board of Direct Taxes (CBDT) has clarified that prohibition on cash transactions upto Rupees 2 lakhs under section 269ST of Income Tax Act doe.....

Tags : Central Board of Direct Taxes, Cash Ban

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#GST: Govt Releases FAQs on Composition Levy(06.07.2017)

Central Government has released Frequently Asked Questions (FAQs) on Composition levy under new indirect tax law, GST.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Allows Manual filing of Bond/Letter of Undertaking for Exports(06.07.2017)

Central Board of Excise and Customs (CBEC) has clarified that exporters can manually submit Bond/ Letter of Undertaking for exports.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: 5% Tax on Branded Goods Applicable Only if Brand/ Trade Name is Registered Under TM Act(06.07.2017)

Central Government has clarified that unless the brand name or trade name is actually on Register of Trade Marks and is in force under Trade Marks Act.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Registration for Tax Deductor and Tax Collector will Start from July 25(06.07.2017)

Government has decided to open the registration window for Tax Deductors and Tax collectors from July 25.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: WB Govt Prohibits Tax Deduction/ Collection under WB VAT Act(06.07.2017)

West Bengal Government has said that no TDS/TCS shall be collected under WB VAT Act till the enforcement of TDS/TCS provisions under GST Acts.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: President Promulgates CGST & IGST Ordinances for Jammu & Kashmir(10.07.2017)

President Pranab Mukherjee has promulgated two ordinances regarding introduction of Goods and Service Tax (GST) in Jammu and Kashmir.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: FM Launches Mobile App ‘GST Rates Finder’(10.07.2017)

Union Finance Minister Arun Jaitley has launched a mobile app “GST Rates Finder” which is now available on android platform and will soon be available.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Clarification on Migration, New Registration, Opting for Composition Scheme Etc Issued(10.07.2017)

Ministry of Finance has issued clarification on Migration, New Registration, Opting for Composition Scheme and Issue of Bills of Supply. Any person wh.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Notifies Safeguards for Furnishing LoU in place of a Bond for Exports(10.07.2017)

Central Board of Excise and Customs (CBEC) has notified conditions and safeguards for registered person who intends to supply goods or services for ex.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Notifies IGST Exemption to Goods & Services Imported to SEZ(10.07.2017)

Central Government has notified exemption to Integrated Goods and Services Tax (IGST) on all goods and services imported from special economic Zones (.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: 18% IGST on Renting of Transport Vehicles Other than Motorcabs(10.07.2017)

Central Government has issued a corrigendum to its earlier Notification No. 8/2017 dated 28.06.2017 whereby rental services of transport vehicle other.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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CBEC: Service Tax Return for April to June 2017 Must Be Filed before 15th August 2017(10.07.2017)

Central Board of Excise and Customs (CBEC) has mandated all service providers who are assesses under the Finance Act, 1994 to submit returns for the p.....

Tags : Service Tax Return

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Goods and Services Tax (Compensation to States) Bill, 2017 Gets President Nod(13.04.2017)

Goods and Services Tax (Compensation to States) Bill, 2017 that aims to compensate States for loss of revenue due to implementation of GST has receive.....

Tags : Goods and Services Tax (Compensation to States) Bill, 2017

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GST: President Gives Nod to Four GST Bills, One-Nation_One-Tax Regime Roll Out Likely From July 01(13.04.2017)

President Pranab Mukherjee has given his approval to four supporting legislations related to Goods and Services Tax (GST), paving way for roll out of .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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ITAT, Mumbai: Individuals Paying for Residential Houses Will Get Complete Tax Benefits(02.05.2017)

Income Tax Appellate Tribunal (Mumbai bench) has held that if entire investment for purchase of a new residential house, along with stamp duty and reg.....

Tags : Income Tax Appellate Tribunal, Residential Houses

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ITAT, Ahmedabad: Salary Deducted For Not Serving Notice Period is Not Taxable Income(03.05.2017)

Income Tax Appellate Tribunal (ITAT), Ahmedabad has ruled that an amount deducted from an employee's salary for not serving out a notice period cannot.....

Tags : Income Tax Appellate Tribunal, Notice Period

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SC: Word ‘Payable’ In Section 40(A) (ia) of Income Tax Act Also Covers Amount Already 'Paid'(04.05.2017)

Supreme Court has held that though the word used in Section 40(a)(ia) of Income Tax Act, is ‘payable’, it would also cover situations where amount i.....

Tags : Supreme Court, Income Tax Act, Section 40(A) (ia)

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Supreme Court to Aadhaar Critics: Can a Person Pay Taxes the Way He Wants?(04.05.2017)

Supreme Court has asked if a tax payer can say that he would pay taxes not according to tax regime put in place by Government but the way he would lik.....

Tags : Supreme Court, Tax

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Income Tax Department Activates e-filing Facility for All ITRs(05.05.2017)

Income Tax Department has activated e-filing facility for all categories of Income Tax Returns (ITRs) for assessment year 2017-18.

Tags : Income Tax Department, e-filing

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Haryana Assembly Clears Haryana Goods and Services Tax (GST) Bill(05.05.2017)

Haryana Assembly has passed Haryana Goods and Services Tax (GST) Bill, 2017 paving way for roll out of GST from July 1.

Tags : Haryana Assembly, Haryana Goods and Services Tax (GST) Bill

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Gujarat High Court: Tele Companies Must Pay Property Tax For Towers in Rural Areas(09.05.2017)

Gujarat High Court has held that telecommunication service providers are liable to pay property tax for erection of towers in rural areas as well.

Tags : Gujarat High Court, Property Tax, Towers

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Supreme Court: Expenditure Incurred To Earn Dividend Income On Shares Not Deductible(11.05.2017)

Supreme Court has held that Section 14A of Income Tax Act would apply to dividend income on which tax is payable under Section 115-O of Act.

Tags : Supreme Court, Income Tax

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Government Reopens Window for GST Registration From June 1(12.05.2017)

Government has decided to reopen window for GST registration for 15 days from June 1 for taxpayers to enroll themselves with the Goods & Service Tax N.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Government: Firms Must Disclose Securities Deals Above Rs 10 lakh by May 31(17.05.2017)

Government has asked all companies to disclose shares and bond transactions involving Rs 10 lakh or more in a financial year to Income Tax department .....

Tags : Firms, shares, bonds, income tax

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Puducherry Becomes First UT to Pass State GST Bill(18.05.2017)

Puducherry Assembly has unanimously passed Puducherry Goods and Services Tax Bill, 2017 and has became the first Union Territory to pass SGST Bill 201.....

Tags : Puducherry, Goods and Services Tax Bill

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#GST: Council Seals Four Tier Tax Slab For Services, 13 in 5% Bracket, Education, Healthcare Exempted(22.05.2017)

GST Council has finalised tax rates for services. Education and healthcare have been exempted from GST regime. Telecoms and financial services will be.....

Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services

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#GST: Council Exempts 83 Services From GST Regime, Fits About 500 Services Under Four Slabs(22.05.2017)

Rail, air and road transport will fall in the 5 per cent tax slab. Hotels with tariff under Rs 1,000 will be exempt from GST, those between Rs 1,000-2.....

Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services

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#GST Council: Legal Services, Education, Health are Tax Free Under GST(22.05.2017)

Services by Government, Local authorities, RBI, educational institutions, incubate, services by way of slaughtering animals, insurance services and se.....

Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services

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Odisha Paves Way For July 1 GST Rollout, Passes State GST Bill(22.05.2017)

Odisha State Legislative assembly has unanimously passed State Goods and Services Tax (SGST) Bill, 2017 and VAT Bill, 2017.

Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services

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Delhi High Court: 'Financial Capacity' Relevant Factor for Application for Waiver of Interest(23.05.2017)

Delhi High Court, while confirming rejection of an application seeking waiver of interest held that financial capacity of assessee is a relevant facto.....

Tags : Delhi High Court, Income Tax Act

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Delhi HC: Document Seized From Broker Cannot be Used as Evidence to Initiate Re-assessment(24.05.2017)

Delhi High Court has held that materials seized from a real estate broker relating to assessee cannot be used as an evidence to initiate re-assessment.....

Tags : Delhi High Court, Re-assessment, Income Tax Act

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ITAT, Kolkata: Re-Assessment Without Any ‘Fresh Tangible Materials’ is Bad in Law(24.05.2017)

Kolkata bench of Income Tax Appellate Tribunal has ruled that re-assessment solely based on original assessment records and without any fresh tangible.....

Tags : Kolkata, Income Tax Appellate Tribunal, Re-Assessment

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Mizoram Passes Mizoram Goods and Services Tax (GST) Bill, 2017(26.05.2017)

Mizoram State Assembly has unanimously passed Mizoram Goods and Services Tax (SGST) Bill, 2017.

Tags : Mizoram State Assembly, Mizoram Goods and Services Tax (SGST) Bill, 2017

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CBDT Forms Committee to Recommend Measures For Expeditious Recovery of Tax Arrears(29.05.2017)

Central Board of Direct Taxes (CBDT) has issued an Office Memorandum to constitute a 7 member committee to recommend measures for expeditious recovery.....

Tags : Central Board of Direct Taxes, tax arrears

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GSTN Registration Window to Re-open on June 1(29.05.2017)

Government has decided to re-open enrollment for Goods and Services Tax Network (GSTN) on June 1, enabling central excise and service taxpayers who la.....

Tags : Goods and Services Tax Network

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ITAT Mumbai Says 'Sponsoring Foreign Trips of Doctors for Business Promotion is Expenditure'(29.05.2017)

Mumbai ITAT has held that sponsoring foreign trips of doctors for business promotion is allowable as expenditure under provisions of Income Tax Act.

Tags : Mumbai ITAT, foreign trips, Income Tax Act

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ITAT, Mumbai: No Income Tax on Gift made by HUF to its Member(29.05.2017)

ITAT, Mumbai has held that Gift given by an HUF to its member is not taxable in hands of member under Income Tax Act since “HUF” can be treated as “re.....

Tags : ITAT, Mumbai, Gift, Income Tax

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ITAT,Hyderabad: No Penalty If Assessee Discloses Correct Income During Scrutiny(30.05.2017)

Income Tax Appellate Tribunal (ITAT), Hyderabad has held that penalty under Section 271(1)(c) of Income Tax Act is not leviable in a case where assess.....

Tags : Income Tax Appellate Tribunal (ITAT), Hyderabad

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Delhi HC: No Notice Needed to Search & Seize 'Undisclosed Money' Deposited in 3rd Party A/C(31.05.2017)

Delhi High Court held that ‘Undisclosed Money’ deposited in a third parties’ Bank Account can be subject to search and seizure under Income Tax Act ev.....

Tags : Delhi High Court, Undisclosed Money, Income Tax Act

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ITAT, Delhi: Commissioner Sanction Not Required for Contribution towards EPF Under EPF Act(31.05.2017)

ITAT Delhi has held that approval by Commissioner of Income Tax is not a mandatory requirement to allow deduction of contribution towards EPF under se.....

Tags : ITAT Delhi, Income Tax Act, Employees provident Fund Act

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CBDT Asks Taxpayers to Link Aadhaar with PAN Using SMS(31.05.2017)

Central Board of Direct Taxes (CBDT) has directed taxpayers to link their Aadhaar with their PAN, using an SMS-based facility.

Tags : Central Board of Direct Taxes, Aadhaar, PAN

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Delhi Assembly Passes State Good And Services Tax (GST) Bill(01.06.2017)

Delhi Assembly has passed State Goods and Services Tax (GST) Bill even as Chief Minister Arvind Kejriwal pitched for capping tax rate at a maximum of .....

Tags : Delhi Assembly, State Good And Services Tax (GST) Bill

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CBDT: No Need to Submit Form 15G/15H Every Time When Payment is Due(01.06.2017)

Central Board of Direct Taxes (CBDT) has clarified that Form 15G/15H need not be filed every time when payment is due, instead the depositor is requir.....

Tags : Central Board of Direct Taxes, Form 15G/15H

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Govt Extends Due Date for Filing Statement of Financial Transaction to June 30(01.06.2017)

Central Government has extended last date for filing Statement of Financial Transaction (SFT) Returns to 30th June 2017.

Tags : Central Board of Direct Taxes, Financial Transaction

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CBDT: Now File Statement of Financial Transaction at Tin Facilitating Centers(02.06.2017)

Central Board of Direct Taxes (CBDT) has enabled filing of Statement of Financial Transaction (SFT) at Tin Facilitating Centers (TIN-FC).

Tags : Central Board of Direct Taxes, Statement of Financial Transaction, Tin Facilitating Centers

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Allahabad High Court: ‘Flavoured Milk’ is Exempted Under UP Trade Tax Act(05.06.2017)

Allahabad High Court has held that “flavoured milk” sold in open form or in sealed containers is basically a milk that stands exempted under Section 4.....

Tags : Allahabad High Court, UP Trade Tax Act

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GST: Input Tax Credit Limit on Existing Stocks Raised to Support Transition Period Sales(05.06.2017)

GST Council has decided to increase limit on input tax credit to 60% from earlier proposed 40% on items with excise rates above 18%, bringing some res.....

Tags : GST Council, Input Tax Credit

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Patna HC Quashes Entry tax on online Purchases(30.09.2016)

Patna HC while quashing notification issued by Bihar Government has held that levy of entry tax on online purchases is illegal and unconstitutional.

Tags : Patna HC, Entry Tax

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Central Information Commission Slams Income Tax ‘Informer’ for Using RTI to Earn Incentives(03.10.2016)

Central Information Commission has admonished a Right to Information (RTI) applicant who was allegedly seeking massive information from the Income Tax.....

Tags : Central Information Commission, RTI, Income Tax Department

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Madras HC: Amendment to Additional Sales Tax Act Unconstitutional(03.10.2016)

Madras HC has declared unconstitutional inclusion of Explanation V to Section 2(1)(aa) of TN Additional Sales Tax Act, 1970, in 2002 to levy additiona.....

Tags : Madras HC , TN Additional Sales Tax Act, works contractors

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Bombay HC Asks Service Tax Department to Expedite Sale Mallya's Airbus(17.10.2016)

Bombay High Court has directed Service Tax Department to complete process of re-auction and sale of businessman Vijay Mallya’s private aircraft by Dec.....

Tags : Bombay High Court, Service Tax, Mallya's Airbus

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Bombay HC Slams I-T Department over Wrong Tax Demand(17.10.2016)

Bombay HC has pulled up Income Tax Department after it found that department had slapped a notice on an individual even though the search and seizure .....

Tags : Bombay HC, Income Tax,

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CBDT Issues Final Rules for Taxing Share Buy Back by Companies(20.10.2016)

Central Board of Direct Taxes (CBDT) has introduced new Rule 44BB for computing amount received by a company in respect of issue of share for computin.....

Tags : Central Board of Direct Taxes, Rule 44BB, Buy Back

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Bombay HC Slams Assessing Officer For Holding Back Company’s Refund(21.10.2016)

Bombay HC has slammed an I-T Assessing Officer for holding back refunds without sufficient reasons of Group M India, world's largest Media Investment .....

Tags : Bombay HC, Income Tax, Assessing Officer, Group M India

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Government Notifies Revised Double Taxation Agreement with South Korea(27.10.2016)

Government has notified a new Double Taxation Avoidance Agreement (DTAA) between India and South Korea, which was signed by Prime Minister Narendra Mo.....

Tags : Double Taxation Avoidance Agreement, India, South Korea

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Delhi HC to Taxi Operators: Consumer is King(31.08.2016)

Delhi HC has reminded taxi operators that "consumer is king" when they protested against discounts being offered by app-based cab providers.

Tags : Delhi HC , taxi operators

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Delhi HC Orders Return of Service Tax Payments made by MakeMyTrip(02.09.2016)

Delhi HC has directed Director General of Central Excise Intelligence (DGCEI) to return service tax payments made in MakeMyTrip, Ibibo and eBIZ servic.....

Tags : Delhi HC , Service Tax, MakeMyTrip

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Delhi HC to Delhi Govt.: No Coercive Action against Taxi Aggregators(07.09.2016)

Delhi HC has directed Delhi Government not to take any coercive action against taxi aggregators, such as Uber and Ola, till a special panel submits it.....

Tags : Delhi HC, taxi aggregators,

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NGT Issues Notice to Centre, Delhi Govt. on Yamuna Water Taxi Project(13.09.2016)

National Green Tribunal (NGT), on plea seeking commencement of boat transport service on a section of Yamuna, has issued notices to Ministry of Water .....

Tags : National Green Tribunal , Yamuna Water Taxi Project

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Direct Tax Dispute Resolution Scheme, 2016 Can be Availed Up to 31st December, 2016(16.09.2016)

Direct Tax Dispute Resolution Scheme, 2016, which came into force from 1st June, 2016, can be availed up to 31st December, 2016.

Tags : Direct Tax Dispute Resolution Scheme, 2016

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Govt. Fixes Deadline for Retro Tax Settlement Window(12.07.2016)

Government has fixed December 31, 2016 as deadline to multinational companies to settle their tax issues that arose as result of retrospective amendme.....

Tags : Government , Tax Settlement Window

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Bombay HC Directs Service Tax Department to Revalue Mallya’s Plane(21.12.2016)

Bombay High Court has asked Service Tax Department, which has to recover dues of Rs 532 crore from business tycoon Vijay Mallya, to revalue his luxury.....

Tags : Bombay High Court, Service Tax, Vijay Mallya, uxury plane

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Supreme Court Rejects Urgent Hearing Pleas on Tax Breaks For Parties(26.12.2016)

Supreme Court has refused to grant an urgent hearing on a PIL challenging Constitutional Validity of income tax exemptions to registered political par.....

Tags : Supreme Court, income tax, political parties

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Madras HC: No TDS on Monetary Benefits of Nuns/Priests(26.12.2016)

Madras High Court has ruled that Nuns, Priests, Monks and other religious persons who are attached to religious orders and whose salaries and monetary.....

Tags : Madras High Court, Tax Deduction At Source, Priests, Monks, Nuns

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Himachal Pradesh HC Turns Down Virbhadra’s Plea Challenging IT Dept Order(27.12.2016)

Himachal Pradesh High Court has dismissed petitions filed by Chief Minister Virbhadra Singh, his wife Pratibha and son Vikramaditya challenging orders.....

Tags : Himachal Pradesh High Court, Virbhadra Singh, Income Tax

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Finance Minister Arun Jaitley Tables GST Bill in Rajya Sabha(03.08.2016)

Finance Minister Arun Jaitley has tabled Goods and Services Tax (GST) Bill in Rajya Sabha.

Tags : Finance Minister Arun Jaitley, Goods and Services Tax (GST) Bill

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SC: Erstwhile Rulers Need Not Pay Tax On Income From Leasing Palaces(13.12.2016)

Supreme Court has held that Erstwhile rulers are not required to pay tax on income earned by letting out a portion of their residential palace.

Tags : Supreme Court, Erstwhile rulers, residential palace, income tax

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Taxation Laws (Second Amendment) Act, 2016 Receives President’s Assent(16.12.2016)

Taxation Laws (Second Amendment) Bill, 2016 which was passed by Lok Sabha on 29.11.2016 has received President’s Assent.

Tags : Taxation Laws (Second Amendment) Bill, 2016

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Supreme Court: All Buildings Carrying Mobile Towers Can be Charged Property Tax(16.12.2016)

Supreme Court of India has declared that all buildings carrying mobile towers can be charge property tax as everything that falls under definitions of.....

Tags : Supreme Court , property tax, buildings, mobile towers

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Uttarakhand HC Directs State to Impose Glacier Tax on Tourists(08.11.2016)

Uttarakhand High Court has asked State Government to impose a ‘glacier tax’ on tourists visiting the Himalayas.

Tags : Uttarakhand High Court, glacier tax

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SC Upholds Constitutionality of State Legislations on Entry Tax on Goods Coming into its Territory(11.11.2016)

Supreme Court has upheld constitutional validity of State Legislations with regard to levy of Entry Tax on goods coming into its territory.

Tags : Supreme Court, Entry Tax, Constitutionality

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Supreme Court Dismisses IT Department’s Appeal Against RCom(23.11.2016)

Supreme Court has dismissed Income Tax (IT) Department’s appeal seeking to tax proceeds of $1.5-billion Foreign Currency Convertible Bonds (FCCBs) iss.....

Tags : Supreme Court, Income Tax, Foreign Currency Convertible Bonds, Reliance Communications

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Madras HC Raps Chennai Corporation for Not Revising Property Tax Since 1998(25.11.2016)

Madras High Court has rapped Chennai Corporation over failure to pass a resolution to amend property tax since 1998.

Tags : Madras High Court, property tax,

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Lok Sabha Passes Income Tax Amendment Bill(29.11.2016)

Taxation Laws (Second Amendment) Bill 2016, which proposes 30% tax on undisclosed income plus 10% penalty beside a 33% surcharge and 75% tax and 10% p.....

Tags : Taxation Laws, Taxation Laws (Second Amendment) Bill 2016, demonetisation, Lok Sabha

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Gujarat HC Junks Petitions of E-commerce Players Challenging Levy of Entry Tax(02.12.2016)

Gujarat High Court has disposed of a set of petitions filed by e-commerce players Flipkart, Amazon, and Instakart challenging Entry Tax imposed by Sta.....

Tags : Gujarat High Court, Flipkart, Amazon, Instakart, e-commerce, Entry Tax

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Supreme Court Rules, Income from Palace Rents Not Taxable Under IT Law(06.12.2016)

Supreme Court has held that income earned by erstwhile rulers of a princely state or their heirs by renting out a portion of residential palace was no.....

Tags : Supreme Court, erstwhile rulers, princely state, residential palace, Income Tax

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Karnataka HC Refrains Transport Department from Taking Coercive Action Against Taxi Aggregators(08.12.2016)

Karnataka High Court has directed Transport Department Authorities not to take any coercive action against All-India Tourist Taxi Operators under Karn.....

Tags : Karnataka High Court, Taxi Aggregators, Taxi Operators

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Government Waives Service Tax on Card Transactions of up to Rs 2000(08.12.2016)

Government has exempted card payments up to Rs 2,000 from Service Tax in its efforts to make cashless economy a reality.

Tags : Government, Service Tax , Card Transactions

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ITAT: Rent From Hoardings Received by Co-operative Housing Society Taxable as ‘House Property Income’(04.10.2017)

In an important ruling, Ahmadabad bench of ITAT has held that the rent received by a Co-operative housing society by letting out space for hoardings a.....

Tags : ITAT, Income from House Property, Income Tax Act, 1961

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GST: Retail Sale Price Declared on the Footwear Package is Inclusive of Goods and Service Tax(04.10.2017)

Central Government has clarified that Retail Sale Price declared on the Foot ware Package is inclusive of Goods and Services Tax (GST).

Tags : Goods and Services Tax, Retail Sale Price

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Gujarat HC Upholds Vires of Provision Denying Deduction for Payments to Eligible Project or Scheme(04.10.2017)

Gujarat HC has upheld vires of Sub-section 7 of Section 35AC of Income Tax Act according to which benefit of deduction under Section 35AC of Act is no.....

Tags : Gujarat HC, Section 35AC of Income Tax Act

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GST Council Slashes Rates for 27 Items(09.10.2017)

GST Council has lowered tax rates on 27 products and a few services and asked a panel of state ministers to examine if 18% GST on air-conditioned rest.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST Council: Exports Are Tax Free for 6 Months(09.10.2017)

GST Council has said that exporters are exempted from the Integrated Goods and Services Tax (IGST) for 6 months.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt: No Further Extension of Last Date for Filing GSTR-1 for July(10.10.2017)

Government has said that there will not be any further extension for filing GSTR-1 for the month of July. The last date for filing GSTR-1 for the mont.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Supreme Court: Lessee Should Collect GST on Sale Value of Mineral Purchased in E-Auction(11.10.2017)

Supreme Court has directed that buyer of the mineral purchased in the e-auction shall pay Goods and Services Tax (GST) on the sale value directly to t.....

Tags : Supreme Court, Goods and Services Tax (GST), One-Nation_One-Tax

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Supreme Court Upholds Levy of Entry Tax on Imported/Foreign Goods(12.10.2017)

Supreme Court has upheld levy of Entry Tax on goods imported from any place outside territories of India into a local area for consumption, use or sal.....

Tags : Supreme Court, Entry Tax

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Finance Ministry: Leasing of Vehicles Purchased & Leased Prior to GST Rollout Would Attract GST(13.10.2017)

Finance Ministry has clarified that leasing of vehicles purchased and leased prior to 1st July, 2017 would attract GST at a rate equal to 65% of the a.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST:Threshold Limit for Registration Applicable for Persons Making Inter-State Supplies of Services(16.10.2017)

Central Government has notified that persons making inter-State supplies of services having turn over above 20 Lakhs are bound to obtain registration .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Defers Reverse Charge Mechanism under GST till 31st March(16.10.2017)

Central Government has notified that the implementation of provisions relating to reverse charge mechanism will be applicable from 1st April 2018.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Prescribes Method for Payment of Tax on Issuance of Invoice by Registered Persons(16.10.2017)

Central Board of Excise and Customs (CBEC) has notified method for making payment of tax on issuance of invoice by registered persons having aggregate.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Empowers State Tax Officers for Processing and Grant of Refund under CGST Act(16.10.2017)

Central Government has issued a notification seeking to cross-empower State Tax officers for processing and grant of refund under the Central Goods an.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Returns Filing Date by Person Supplying Online Info & Database Access Services Extended till 20th Nov(16.10.2017)

Central Board of Excise and Customs (CBEC) has extended due date of filing return for persons providing Online Information and Database Access or Retr.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Extends Timelimit for Filing ITC-01 to 31st October(16.10.2017)

Central Government has notified extension of time limit for making declaration GST ITC-01 to avail Input Tax Credit till the 31st day of October 2017.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Madras HC: Sales Tax is Leviable on Sale of REP License(17.10.2017)

Madras High Court has upheld the levy of sales tax on sale of REP license under the provisions of the Tamil Nadu General Sales Tax Act.

Tags : Madras High Court, Tamil Nadu General Sales Tax Act, REP license

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Government Notifies that Services Provided by OC Members to RBI is Subject to GST under RCM(17.10.2017)

Central Government has notified that Goods and Services Tax (GST) is payable on supply of services provided by Overseeing Committee (OC) members to RB.....

Tags : Goods and Services Tax, reverse charge mechanism

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Government Extends Benefit of Composition Scheme to Persons Providing Exempted Services under GST(17.10.2017)

Government has extended the benefit of composition scheme to the persons providing exempted services under the new Goods and Services Tax (GST) regime.....

Tags : Goods and Services Tax

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GSTN Starts Offline Utility for Filing GSTR-3B(23.10.2017)

Goods and Services Tax Network (GSTN) has launched an excel based offline tool for filing GSTR 3B. Taxpayers can download offline utility from GSTN po.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST Rate on Food Packages Distributed to EWS under Govt Approved Programmes Reduced(23.10.2017)

Central Government has notified that only 5% GST is leviable on food preparations put up in unit containers and intended for free distribution to econ.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Madras HC Strikes Down Provision of TNVAT Act Disallowing Input Tax Credit to Jewellers(23.10.2017)

Madras High Court has quashed the order of Commercial Tax department disallowing Input Tax Credit (ITC) to jewelers across Tamil Nadu.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Notifies CGST (Tenth Amendment) Rules(23.10.2017)

Central Government has notified 10th amendment to Central Goods and Services Tax (CGST) Act, 2017. The amended notification says that for claiming ref.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Waives Late Fee for August and September Returns(25.10.2017)

Central Government has clarified that no late fee would be levied on tax payers who failed to furnish the return in FORM GSTR-3B for the month of Augu.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Notifies 0.1% GST on Intra-State Supply of Goods between Registered Persons for Exports(25.10.2017)

Central Government has notified Integrated tax of 0.1% and Central Tax rate of 0.05% on intra-State supply of taxable goods by a registered supplier t.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST: Govt Extends Due date for filing GST ITC-04(26.10.2017)

Central Government has extended due date for filing ITC-04 for details of goods/capital goods sent to job worker and received back.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Extends Time Limit for Intimation of Details of Stock held Before Opting for Composition Levy(30.10.2017)

Central Government has extended time limit for intimation of details of stock held on the date preceding the date from which option for composition le.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST Registration: FORM GST REG-26 Can Be Filed Till 31st December(30.10.2017)

Central Government has extended due date for filing application for Final Registration in FORM GST REG-26 is extended to 31st December 2017.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST: Govt Notifies Extension of Due Date for filing FORM GST TRAN – 1(30.10.2017)

Central Government has notified that due date for filing FORM GST TRAN – 1 (with revision facility) extended to 30th November 2017 under Central Goods.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Extends Due Date for Filing GSTR-2 and GSTR-3(31.10.2017)

Central Government has extended due date for filing GSTR-2 and GSTR-3 for the month July to November 30th and 11th December respectively.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt: No GST on Services Supplied to Nepal Against Payment in Indian Currency(31.10.2017)

Central Government has notified exemption to services supplied to Nepal where payments are made in Indian currency to the Indian service providers und.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Extends Deadline for Income Tax Audit & Return Filing to Nov 7(01.11.2017)

Central Government has declared that due date for tax audit and return filing under the provisions of Income Tax Act is extended to November 7th. Earl.....

Tags : Government, Income Tax Audit

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Allahabad HC: Writ Court Can’t Revise Order Passed in Revision u/s 11 of U.P. Sales Tax Act(01.11.2017)

Allahabad High Court has held that Writ Court cannot revise order passed in Revision under Section 11 of the U.P Sales Tax Act, 1948.

Tags : Allahabad High Court, Sales Tax

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Madras HC: Assessment Solely on Basis of Case Study is Invalid Under TNVAT Act(01.11.2017)

Madras High Court has held that the case study, though can be a reason for Revision Notice, cannot be the sole basis for completing assessment for the.....

Tags : Madras High Court, Value Added Tax

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CBEC: Cut Pieces of Fabrics Attracts 5% GST(01.11.2017)

Central Board of Excise and Customs (CBEC) has said that 5% GST is applicable on Cut pieces of Fabrics under the Goods and Services Tax (GST) regime .

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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ITAT, Bangalore: Addition Cannot be Made If Gift is Invalid(06.11.2017)

Income Tax Appellate Tribunal, Bangalore has ruled that if the gift is invalid then no addition can be done in respect of the same under the provision.....

Tags : Income Tax Appellate Tribunal, Bangalore

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ITAT Bangalore: No Penalty If Assessee Admitted Income During Search and Paid Tax(07.11.2017)

Income Tax Appellate Tribunal (ITAT), Bangalore held that penalty under Section 271AAA of the Income Tax Act should not be levied if the assessee admi.....

Tags : Income Tax Appellate Tribunal, Section 271AAA of the Income Tax Act

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Delhi HC: Assessment Can’t be Re-Opened Merely by Re-Appreciating the Existing Circumstances(08.11.2017)

Delhi High Court while quashing demand against Airtel has observed that re-assessment under Section 147/148 of the Income Tax Act, 1961 cannot be made.....

Tags : Delhi High Court, Income Tax Act, 1961, Airtel

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Allahabad High Court Rules that Non-Speculative Business Loss Can be Set off Against Business Income(09.11.2017)

Allahabad HC has ruled that non-speculative business loss can be set off against business income of the assessee under the provisions of the Income Ta.....

Tags : Allahabad HC, Income Tax Act, 1961

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Madras High Court: Aadhaar Mandatory for Filing IT Returns(09.11.2017)

Madras HC while rejecting the plea for exemption from quoting Aadhaar number while filing income tax returns has held that the provisions of Section 1.....

Tags : Madras HC, Income Tax Act, aadhaar number, Income Tax Returns

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Delhi HC Strikes Down Certain Parts of ICDS Provisions and CBDT Notifications(09.11.2017)

Delhi High Court has struck down Parts II, III, VI, VII and VIII of the Income Computation and Disclosure Standards (ICDS) and certain connected Notif.....

Tags : Delhi High Court, Income Computation and Disclosure Standards, Central Board of Direct Taxes

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Madras HC Rejects Plea For Filing I-T Return Sans Aadhaar Number, Enrolment ID(10.11.2017)

Madras High Court has refused to allow filing of Income Tax return without producing Aadhaar number and enrolment ID.

Tags : Madras High Court, Income Tax

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Delhi Govt Notifies GST Exemption to Intra-State supply of Heavy Water and Nuclear Fuels(10.11.2017)

Delhi Government has notified that intra-state supply of heavy water and nuclear fuels will be out of the ambit of Goods and Services Tax (GST).

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST: Only 50 Items to Remain in 28 Percent Slab(10.11.2017)

GST Council has decided to keep only 50 items, mostly demerit, sin and luxury goods in top 28% bracket.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST: 18% Rate for Chewing Gums, Chocolates, After Shave(10.11.2017)

GST Council has said that 18% GST will be levied on chewing gums, chocolates, after shave, deodorant, washing power, detergent, marble.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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No IGST on Import of Specific Sports Goods by Sports Persons of Outstanding Eminence(13.11.2017)

GST Council has exempted the import of specific sports goods by sports persons of outstanding eminence from the ambit of Integrated Goods and Services.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST Council: File Form GSTR-3B by 20th of Succeeding Month Till March, 2018(13.11.2017)

GST Council has said that all taxpayers would file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding month till March, 2018.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST Council Reduces Fine for Late Filing of Return to Rs. 20 from Rs. 200 per day(13.11.2017)

GST Council has said that for filing FORM GSTR-3B, the amount of late fee payable by a taxpayer whose tax liability for that month was ‘NIL’ will be R.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Extends Time limit for Filing of Return by Composition Dealer(16.11.2017)

Central Government has notified that the time limit for filing GST return in Form GSTR-4 by the Composition dealer is extended to 24th December 2017.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Extends Due Dates for Filing GSTR-1 by Taxpayers with Aggregate Turnover of More than 1.5 Crore(16.11.2017)

Central Government has extended due dates for furnishing of GSTR-1 for those taxpayers with aggregate turnover of more than Rs.1.5 crores. The due dat.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Extends Due Dates for Filing GSTR-1 by Taxpayers with Aggregate Turnover of Upto 1.5 Crore(16.11.2017)

Central Government has extended due dates for furnishing of GSTR-1 for those taxpayers with aggregate turnover of upto Rs.1.5 crores. The due dates ar.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Due Date for Furnishing GSTR-5 by Non-Resident Taxable Person Extended to 11th December(16.11.2017)

Central Government has extended time limit for furnishing the return by a non-resident taxable person in FORM GSTR-5 under the Goods and Services Tax .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Extends Due Date for Filing GSTR-5A to 15th December(16.11.2017)

Central Government has extended the due date for filing of return in FORM GSTR-5A for the months of July to October, 2017 till 15th December 2017.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Notifies Due Dates for Furnishing FORM GSTR-3B till March 2018(16.11.2017)

Central Government has notified the due dates for furnishing the returns in FORM GSTR-3B till March 2017. As per the Notification, returns for January.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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CBEC Notifies 2.5% CGST for Standalone Restaurants Without Input Tax Credit and 9% for Others(16.11.2017)

Central Board of Excise and Customs (CBEC) has notified that standalone restaurants are liable to pay CGST @ 2.5% whereas other restaurants would pay .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt. Notifies GST Rate of 2.5% on Scientific & Technical Equipments Supplied to Certain Institutions(16.11.2017)

Central Board of Excise and Customs (CBEC) has notified Concessional Goods and Services Tax (GST) rate of 2.5% on Scientific and Technical Equipments .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST on Supply of Raw Cotton by Agriculturist will be Paid by Recipient Under Reverse Charge: CBEC(16.11.2017)

Central board of Excise and Customs (CBEC) has notified that Goods and Services Tax (GST) on supply of Raw Cotton by agriculturist will be liable to b.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Central Government Extends Due Date for filing GST TRAN-1 Till 27th December(17.11.2017)

Central Government has notified that the due date for filing FORM GST TRAN – 1 (with revision facility) extended to 27th December from 30th November 2.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt: GST is Not Payable on Advances Received for Supply of Goods(17.11.2017)

Central Government has exempted all taxpayers from payment of tax on advances received in case of supply of goods under the Central Goods and Services.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Suppliers Using E-Commerce Platform Having Turnover Below 20 lakhs Exempted From GST Registration(17.11.2017)

Central Government has notified that the threshold limit of turnover of Rs. 20 lakhs is also applicable to suppliers using e-commerce platform under t.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST: Government Extends Due Date for Filing ITC-04 Till December 31(17.11.2017)

Central Government has extended the due date for submission of details in FORM GST-ITC-04 under the Central Goods and Services Tax Act till 31st Decem.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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CBEC: Milling of Paddy into Rice on Job Work Basis is Liable to GST at Rate of 5%(21.11.2017)

Central Board of Excise and Customs (CBEC) has clarified that milling of paddy into rice on job work basis, is liable to GST at the rate of 5%, on the.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt. Nod to Display Revised MRP Due to Reduction of Rates of GST up to 31st Dec, 2017(21.11.2017)

Government has allowed manufacturers, packers or importers of pre-packaged commodities to declare the revised retail sale price (MRP) in addition to t.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Routers, Hubs, Switches Are ‘Computer Peripherals’, Attracts 4% Sales Tax: Madras HC(24.11.2017)

Madras High Court has held that routers, hubs and switches would come within the meaning of ‘computer peripherals’ for which lower rate of 4% VAT is a.....

Tags : Madras High Court, Sales Tax

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No GST on Terracotta Idols: CBEC(24.11.2017)

Central Board of Excise and Customs (CBEC) has clarified that no GST is payable on on Terracotta idols.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Council Reviews Cess on Cigerrates, New Rates Applicable from Monday Midnight(18.07.2017)

Goods and Services Tax (GST) Council has raised GST compensation cess on cigarattes over higher rate of 28 per cent.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: 12% GST on Citrus Fruits, Clementines, Wilkings, Grape Fruits Including Lemons and Limes(18.07.2017)

Central Government has issued a corrigendum to Notification No.1/2017-Central Tax (Rate), dated 28th June, 2017 stating that citrus fruits, clementine.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Delhi High Court Notices Centre Over Plea Against 12% GST on Sanitary Napkins(19.07.2017)

Delhi High Court has sought response of Centre on a plea against imposition of 12 per cent GST on sanitary napkins.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Delhi HC Questions Legality of Centre’s Press Release on GST on Legal Services(19.07.2017)

Delhi HC has asked Centre to clarify “legal sanctity” of press release, wherein it was clarified that legal services provided by an individual Advocat.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Assam Notifies List of Documents Required for Transit of Goods(19.07.2017)

Government of Assam has notified list of documents which shall be carried by a person in charge of the conveyance at the time of consignment of goods .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Centre Says Hotel Tariffs upto 7500 to Attract 18% GST Irrespective of Star Rating(19.07.2017)

Government has clarified that accommodation in any hotel, including 5-star hotels, having a declared tariff of a unit of accommodation of less than IN.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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CBDT: GST Not to be Added for TDS Computation(20.07.2017)

CBDT has clarified that, where the recipient of a service is required to deduct tax at source (TDS) when making a payment to the supplier, the amount .....

Tags : CBDT, Goods and Service Tax

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Kerala HC: No Service Tax For Used Car Dealers(24.07.2017)

Kerala High Court has held that dealers who facilitate the exchange of used-cars with new cars, or re-sale of used cars, are not liable to pay service.....

Tags : Kerala High Court, Service Tax

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#GST: GSTN Portal Begins Invoice Uploading for Businesses(25.07.2017)

GSTN portal has started accepting uploading of sale and purchase invoices of businesses generated post Goods and Services Tax rollout on July 1.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Extends Deadline for Composition Scheme(25.07.2017)

Government has extended deadline for small businesses to opt for composition scheme in GST regime by nearly four weeks to August 16.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Calcutta HC Confirms Sales Tax Dept’s order Denying Online Generation of C-Forms(26.07.2017)

Calcutta High Court has confirmed the action of Sales Tax Department denying online generation of C forms while directing the petitioner to file the f.....

Tags : Calcutta HC, Sales Tax

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CBDT Issues Clarification on MAT Provisions Relating to Ind AS Compliant Companies(26.07.2017)

Central Board of Direct Taxes (CBDT) has issued clarification on Implementation of Minimum Alternate Tax (MAT) provisions relating to Indian Accountin.....

Tags : Central Board of Direct Taxes

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CBDT Issues Clarification on MAT Provisions Relating to Ind AS Compliant Companies(26.07.2017)

Central Board of Direct Taxes (CBDT) has issued clarification on Implementation of Minimum Alternate Tax (MAT) provisions relating to Indian Accountin.....

Tags : Central Board of Direct Taxes

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Govt: NRIs Not Having Indian Bank Accounts to get Income Tax Refund in Foreign Bank Account(26.07.2017)

Government has said that Income Tax Refunds will be credited to Foreign Bank Account also for Non-Residents who is not having bank account in India.

Tags : Income Tax Refunds

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#GST: National Anti-profiteering Authority Set Up to Aid Consumer Confidence(26.07.2017)

GST Council has formed a selection committee headed by the Cabinet Secretary to identify and recommend eligible persons for appointment as the chairma.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Odisha Cabinet Approves Revised Rates(27.07.2017)

Odisha Cabinet has granted its nod for revised Goods and Services Tax (GST) rates and provided its consent for changes in cadres of Agricultural depar.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#Income Tax: CBDT to Share Details of IT Returns and Tax Audit Reports with MCA(27.07.2017)

Central Board of Direct Taxes (CBDT) has issued a Notification allowing IT Department to furnish details of income tax returns and Tax Audit reports w.....

Tags : Central Board of Direct Taxes

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#Income Tax: IT Department Starts Accepting Returns Without Linking PAN-Aadhaar(31.07.2017)

Income Tax department has started accepting returns without linking PAN with Aadhaar Number upto 5 lakhs. This is due to people are facing problems wi.....

Tags : Income Tax, PAN, Aadhar

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#GST: Govt Says 'Exporter can Claim Refund of GST Compensation Cess on Exported Goods'(31.07.2017)

Central Board of Excise and Customs (CBEC) has clarified that exporter is eligible for refund of GST Compensation Cess in respect of goods exported by.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Notifies Goods and Services Tax Settlement of Funds Rules, 2017(31.07.2017)

Central Government has notified Goods and services Tax Settlement of funds Rules, 2017 which regulates distribution of tax among States under the newl.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Notifies Central Goods and Services Tax (Fourth Amendment) Rules, 2017(31.07.2017)

Central Government has notified Central Goods and Services Tax (Fourth Amendment) Rules, 2017. As per the amended Rules, last date for migration of pe.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Andaman & Nicobar Govt Issues Regulations to Impose VAT on Goods Excluded from GST(31.07.2017)

Government of Andaman & Nicobar has issued regulations for imposing Value Added Tax (VAT) on goods not covered under the new Goods and Services Tax (G.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#Income Tax: Returns Can Now Be Filed Till August 5, Deadline Extended(31.07.2017)

The last date for filing of Income Tax Returns (ITRs) for the financial year 2016-17 has been extended to August 5.

Tags : income tax returns

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#Income Tax: PAN-Aadhaar Linkage Can be Done till Aug 31, Not Mandatory for Filing Return Now(01.08.2017)

Central Board of Direct Taxes (CBDT) has clarified that PAN-Aadhaar linkage can be done till August 31st, 2017 and it’s not mandatory for Filing Incom.....

Tags : Income Tax

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#GST: IGST on High Sea Sales of Imported Goods is Payable at Time of Clearance(03.08.2017)

Central Board of Excise and Customs (CBEC) have clarified that Integrated Goods and Services Tax (IGST) is payable on High Sea Sales of goods imported.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Bombay High Court Finds Maharashtra Taxi Rules Discriminate Against Private Cab Providers(04.08.2017)

Bombay High Court, while observing that Maharashtra City Taxi Rules discriminated between black and yellow cabs and mobile app-based services, has ask.....

Tags : Bombay High Court, Maharashtra Taxi Rules

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Bombay High Court: No Addition Can be Made in Respect of Unutilized Cenvat Credit to Closing Stock(04.08.2017)

Bombay High Court, while upholding Tribunal order deleting addition in respect of unutilized Cenvat credit to closing stock, has held that irrespectiv.....

Tags : Bombay High Court, Income Tax Act

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GSTN Asks Traders to File July Returns from 5 Aug Onwards(04.08.2017)

Goods and Services Tax Network (GSTN) will open the facility of filing returns from 5th August 2017. By this, the first GST return for the month of Ju.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST Council Confirms Applicability of RCM on Legal Services(08.08.2017)

GST Council has confirmed applicability of reverse charge mechanism on all legal services provided to business entities.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST Council Freezes Rate for Textile Job Works at 5%, Cuts Rate for Govt Works Contract to 12%(08.08.2017)

GST Council in its 20th meeting has fixed GST rate for textile job works at 5 percent, and cut rate for government works contract to 12 percent with b.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST Council Freezes Rate for Printing Books, Newspapers at 12% If Services Supplied by 3rd Party(08.08.2017)

GST Council has said that tax rate of job work for printing books and newspapers will be 12% if service is supplied by someone else, while GST rate wi.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST Council Brings Down Tax Rates on Agricultural Services to 12%(08.08.2017)

GST Council has brought down agriculture services, tax rate of post-harvest and storage to 12% from current 18%. Tax rate for entry into planetariums .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST Council Says for 'Rent a Cab Service' Rate will be 12% If Service Provider Does Not Claim ITC(08.08.2017)

GST Council has said that in case of 'rent a cab service', GST rate will be 12% if service provider does not wish to claim Input Tax Credit (ITC), whi.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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CBEC Asks Exporters to Register their Bank Accounts with Customs for IGST Refunds(08.08.2017)

Central Board of Excise and Customs (CBEC) has asked exporters to register their Bank Accounts with Customs for Integrated Goods and Services Tax (IGS.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Karnataka HC Allows CST Refund to Wipro for Period Covered by Foreign Trade Policy(08.08.2017)

Karnataka High Court has allowed Wipro GE Healthcare Private Limited's refund claim of around 20 crores paid as Central Sales Tax (CST) for the period.....

Tags : Karnataka High Court, Central Sales Tax

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#GST: Govt Extends Time limit for Furnishing Returns(09.08.2017)

Government has extended date of filing returns under CGST Act, 2017. For July & August, FORM GSTR-1 can be filed between 01-05 Sep, 2017 and 16-20 Sep.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Bombay High Court: No TDS on Payments made for Providing SMS Services(09.08.2017)

Bombay High Court has held that there is no Tax Deduction at Source (TDS) liability on payment for providing SMS services under Section 194J of the In.....

Tags : Bombay High Court, Tax Deduction at Source

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#GST: West Bengal Unanimously Passes State GST Bill(10.08.2017)

West Bengal Assembly has unanimously passed State Goods and Services Tax (SGST) Bill.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Washington State Supreme Court Rules in Favor of Seattle’s Gun Tax(11.08.2017)

Washington State Supreme Court, while upholding Seattle’s tax on gun and ammunition sales, has ruled 8-1 to affirm a previous decision by King County .....

Tags : Washington State Supreme Court, Seattle’s Gun Tax

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#GST: Haryana Govt Issues Guidelines for Inspection/ Detention of Conveyances(11.08.2017)

Haryana State Government has issued guidelines for road side checking and inspection/detention of conveyances under GST regime. As per GST law, Govt. .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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SC: Co-operative Societies Engaged in Banking Biz Not Eligible for Deduction u/s 80P of IT Act(16.08.2017)

Supreme Court has ruled that co-operative societies engaged in banking business for public are not eligible for deduction u/s 80P of Income Tax Act, 1.....

Tags : Supreme Court, Income Tax Act

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J&K HC: Supplying Audio of Back Ground Sound to a Film Already Shot Amounts to “Manufacture”(16.08.2017)

Jammu & Kashmir High Court has held that activity of supplying audio of back ground sound to film already shot by customers, would amount to manufactu.....

Tags : Jammu & Kashmir High Court, Income Tax Act

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#GST: CBEC Clarifies 'Manufacturer of Food Items Can Claim ITC on Rent'(17.08.2017)

Central Board of Excise and Customs (CBEC) has clarified that a manufacturer of taxable food items is eligible to claim input tax credit on the rental.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: CBEC Clarifies 'Food Supplied in Non-AC Areas of A/C Restaurants Attracts 18% GST'(17.08.2017)

Central Board of Excise and Customs (CBEC) has clarified that 18 per cent GST is applicable to food supplied in non-A/C areas of an A/C restaurant.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST Return Filing Date Extended for Taxpayers Availing Input Tax Credit(18.08.2017)

Central Government has extended due date for filing of Goods and Services Tax (GST) return for taxpayers who want to avail the transitional input tax .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: CBEC Says 'Tractors to Attract 18% Tax'(21.08.2017)

Central Government has notified that 18 per cent GST is applicable to tractors. Earlier, a highest rate of 28% was applicable on tractors.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Kerala Assembly Passes State GST Bill, 2017(21.08.2017)

Kerala Legislative Assembly has passed the Kerala Goods and Services Tax Bill, 2017.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Notifies Amended CGST Rules, Releases Form for Grant of UIN to UN Bodies(21.08.2017)

Central Government has notified the amended Central Goods and Services Tax (CGST) Rules, 2017. It also released the application/form for grant of Uniq.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Notifies Date & Conditions for E-Filing of Form to Avail Transitional ITC(21.08.2017)

Central Government has notified the conditions for furnishing return in FORM GSTR-3B electronically through common portal for the month of July, 2017,.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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CBEC: Royalty Paid to Govt for Right to Use Natural Resources Subject to GST Under RCM(22.08.2017)

Central Board of Excise and Customs (CBEC) has clarified that license fee, lease charge, royalty etc paid to Government for assigning right to use nat.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Notifies New Form- 29B for Computing Book Profits of Company Under MAT Provisions(22.08.2017)

Central Government has notified revised Form No. 29B for computation of book profits of company for purpose of Minimum Alternate Tax (MAT) covered u/s.....

Tags : Minimum Alternate Tax

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#GST: E-Commerce Operators Providing House-keeping Services Are Liable to Pay GST(24.08.2017)

Central Government has notified that E-Commerce Operators would be liable to pay Goods and Services Tax (GST) for providing house-keeping services und.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Clarifies Applicability of GST on Selling of Space for ads in Print Media(24.08.2017)

Govt has clarified that selling of space for ads in print media is leviable to GST @ 5%, if ad agency works on principal to principal basis. If ad age.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Clarifies Applicability of GST on Services by Fair Price Shops(24.08.2017)

Central Government has clarified that services provided by Fair Price Shops to Government are exempted from the ambit of new Goods and Services Tax (G.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Services of FIFA to Attract NIL GST(24.08.2017)

Central Government has exempted services provided by and to Fédération Internationale de Football Association (FIFA) and its subsidiaries directly or .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: LLPs Must be Treated as a Partnership Firm or Firm under GST Regime(24.08.2017)

Central Government has notified that Limited Liability Partnerships (LLP) registered under 2008 Act must be considered as a partnership firm or Firm u.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Composite Supply of Works Contract Provided to Govt Attracts 12% GST(24.08.2017)

Government has reduced rate of GST applicable to specified supply of works contract services to 12 per cent from the current 18%. Transport of passeng.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Notifies Acts Extending CGST & IGST to Jammu & Kashmir(28.08.2017)

Central Government has notified CGST and IGST Acts extending Goods and Services Tax (GST) laws to the State of Jammu and Kashmir.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Extends Due Date for Filing GSTR-6(29.08.2017)

Central Government recently extended the due date for filing GSTR-6 till September. As per the new Notification, Input Service Distributor can file re.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST Intelligence Arm to be Regulator for Gems & Jewellery Sector Under PMLA to Monitor Black Money(29.08.2017)

GST intelligence arm, Directorate General of Goods and Service Tax Intelligence, has been named the regulator for dealing with money laundering cases .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Government: Non-Monetary Fringe Benefits Received by Employees are Subject to GST(29.08.2017)

Central Government has clarified that non-monetary fringe benefits received by an employee from his employer is subject to tax under the new indirect .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Clarifies, 'Lottery is a Good under GST Regime'(30.08.2017)

Central Board of Excise and Customs has said that supply of lottery has been treated as supply of goods under Central Goods and Services Tax (CGST) Ac.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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CBEC: Online Info., Database Access Suppliers From Outside India Gets Relaxation For Return Filing(30.08.2017)

Central Board of Excise and Customs (CBEC) has extended the due date of filing return for persons providing Online Information and Database Access or .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Government Notifies E-Way Bill Rules(31.08.2017)

Government has notified the E-way Bill Rules, 2017 keeping some items of mass consumption such as vegetables, fruits, food grains, meat, bread, curd,.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Cabinet Approves Promulgation of GST (Compensation to States) Ordinance, 2017(31.08.2017)

Union Cabinet has approved promulgation of an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Oklahoma Supreme Court Rules Sales Tax is Constitutional(01.09.2017)

Oklahoma Supreme Court has ruled that automobile sales tax implemented this year is constitutional.

Tags : Oklahoma Supreme Court, Sales Tax

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Government: Hospital Room Rent Exempted from GST(04.09.2017)

Central Government has clarified that the rent paid by patients for hospital rooms are out of the ambit of Goods and Services Tax (GST) regime.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Government Waives Late Fee for July Returns(04.09.2017)

Central Government has clarified that no late fee would be levied on tax payers who failed to furnish the return in FORM GSTR-3B for the month of July.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Allows Tax Payers to Rectify Errors in GSTR 3B While Filing GSTR 1 and GSTR 2(04.09.2017)

Central Board of Excise and Customs (CBEC) has clarified that the tax payers can correct the errors made in GSTR 3B while filing regular returns in GS.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Jharkhand Government Imposes Conditions on Provisional Refund of ITC to Zero Rated Suppliers(04.09.2017)

Jharkhand Government has notified that a zero rated supplier cannot be granted with provisional refund of input tax credit if he does not file returns.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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President Promulgates Ordinance to Raise GST Compensation Cess on Motor Vehicles(04.09.2017)

President Ram Nath Kovind has promulgated an ordinance to raise the compensation cess levied luxury, sports utility and large cars under the Goods and.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Extends Deadline for Filing GST Returns(06.09.2017)

GIC (GST Implementation Committee) has decided to extend date of GSTR 1, GSTR 2 and GSTR 3 for the month of July to 10th, 25th and 30th September 2017.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST Cess Hike in Cars to Take Effect from Today(11.09.2017)

GST Council has decided to hike cess on mid-sized cars by 2%, taking the effective GST rate to 45%. Also, cess on large cars has been hiked by 5%, tak.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: TDS, TCS Deductors Can Apply for GST Registration from 18 September(11.09.2017)

Goods and Services Tax (GST) registrations for entities mandated to collect and deduct tax at source will start from 18 September. However, the date f.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST Council Alters Tax Rates for Over 40 items(11.09.2017)

GST Council has slashed tax rates for Walnuts, broom, clay idols custard powder, idly-dosa batter, rubber bands, raincoat, dhoop batti, saree fall, co.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Deadline for GSTR 1 Filing Extended to October(11.09.2017)

GSTR1, which was to be filed by Sep 10, can be filed till Oct 10 by smaller businesses and large ones by Oct 3. GSTR-2 for July will have to be done b.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Re-opens Registration Window for Opting Composition Scheme till 30th Sep(11.09.2017)

Goods and Services Tax (GST) Council has re-opened the registration window for composition scheme till 30th September.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Delhi High Court: Allow Lawyers to File I-T Return Sans Aadhaar(10.04.2018)

Delhi High Court has ordered the Income Tax Department to allow lawyers to file tax returns without their details of Aadhaar card.

Tags : Delhi High Court, Income Tax

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Govt. Amends Income Tax Rules, Inserts New Column for Transgenders in PAN Application Form(10.04.2018)

Central Board of Direct Taxes (CBDT) has introduced a new column for Transgenders in PAN Application Form i.e., Form 49A and Form 49AA by amending the.....

Tags : Income Tax, PAN

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Govt Amends Income Tax Rules, Withdraws Exemption of Transport Allowance of Rs. 1,600 pm(10.04.2018)

Central Board of Direct Taxes (CBDT) has notified the Income Tax (Third Amendment) Rules, 2018 wherein the Government has withdrawn the exemption of T.....

Tags : Income Tax, Transport Allowance

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Exemption Under IT Act Available Only to Institutions That Impart Education: Uttarakhand HC(13.04.2018)

Uttarakhand High Court has held that education institutions can avail exemption under Section 10(23C) (vi) of the Income Tax Act only if they exist so.....

Tags : Uttarakhand High Court, Income Tax Act

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GST: E-Way Bill Mandatory for Intra-State Supplies in Haryana from April 20th(17.04.2018)

Haryana State Government has decided to implement e-way Bill for intra-State movement of goods within the State from April 20th.

Tags : Goods and Services Tax

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Govt: Composition Dealers Need Not Furnish Details of Inward Supplies(18.04.2018)

Finance Ministry has clarified that Composition Dealers need not furnish details of inward supplies from registered supplier in FORM GSTR – 4.

Tags : Goods and Services Tax

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New Income Tax Return Form for Salaried Class Available in Portal: IT Dept(19.04.2018)

Income Tax Department has said that the latest ITR-1 form, largely used by the salaried tax payers is now available in the official portal for e-filin.....

Tags : Income Tax

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GST: Six More States to Roll Out Intra-State e-Way Bills from April 20(19.04.2018)

Finance Ministry has said that e-Way Bill system for intra-State movement of goods would be implemented from 20th April, 2018 in the States of Bihar, .....

Tags : Goods and Services Tax

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Govt Notifies Amended Rules Relating to GST Refund(19.04.2018)

Central Board of Indirect Taxes and Customs (CBIC) has notified the Central Goods and Services Tax Rules (Fourth Amendment) by amending the rules 89(5.....

Tags : Goods and Services Tax

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Colorado Supreme Court Upholds Legality of Taxes for Special Districts(24.04.2018)

Colorado Supreme Court has upheld the constitutionality of a state law that added sales taxes to some items to benefit public transportation and cultu.....

Tags : Colorado Supreme Court, Sales Tax

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TDF Forms Not Required for Inter-State Supply of Goods: Allahabad High Court(24.04.2018)

Allahabad High Court has held that T.D.F. forms are not required to be carried as the Central Government, who is the only authority empowered to presc.....

Tags : Goods and Services Tax

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Maharashtra Postpones E-Way Bill Rollout to 31st May(01.05.2018)

Maharashtra government has postponed the implementation of the e-way bill regime till May 30.

Tags : Goods and Services Tax

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Collection of Post-dated Cheques During Inspection Not Permissible Under GST: Gujarat HC(01.05.2018)

Gujarat High Court has said that the practice of collecting post-dated cheques during inspection is not permissible under the Goods and Services Tax .....

Tags : Goods and Services Tax

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GST: Maharashtra to Rollout E-Way Bill from 25th May(09.05.2018)

Maharashtra Government has notified that the provisions of the E-Way Bill will be applicable for intra-State movement of goods from 25th May 2018.

Tags : Goods and Services Tax

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GST: Assam Notifies E-Way Bill from 16th May(09.05.2018)

Assam Government has notified that the provisions of the e-way bill rules for intra-State movement of goods will be applicable from 16th May 2018.

Tags : Goods and Services Tax

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Government Notifies First Appellate Authority Under Delhi GST Act(15.05.2018)

Delhi Government has notified the First Appellate Authority under Delhi Goods and Services Tax Act wherein the Commissioner (State Tax) authorized all.....

Tags : Goods and Services Tax

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Govt Waives Late Fee for FORM GSTR-3B for Taxpayers Subject to Conditions(15.05.2018)

Central Government has notified waiver of the Late Fee for FORM GSTR-3B by those registered persons whose declaration in FORM GST TRAN-1 was submitted.....

Tags : Goods and Services Tax

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Imposing Tax on Un-Communicated Proposal Amounts to Natural Justice Violation: Madras HC(21.05.2018)

Madras High Court has ruled that imposing a tax on proposals that are uncommunicated to the Assessee shall amount to the violation of the principles o.....

Tags : Madras High Court, Income Tax

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SC: Exemption Claimed u/s 80-IB Won't be Taken into Count While Availing Benefits u/s 80-IC(23.05.2018)

Supreme Court has held that the periods for which deductions were availed earlier by an assessee u/s 80-IA and S. 80-IB of Income Tax Act would not be.....

Tags : Supreme Court, Income Tax

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IGST on Warehoused Goods to be Levied, Collected at the Time of Filing Ex-Bond Bill of Entry: CBIC(28.05.2018)

Central Board of Indirect Taxes and Customs (CBIC) has clarified that integrated tax shall be levied and collected at the time of final clearance of t.....

Tags : Goods and Services Tax

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Old Newspapers Sold as Waste Paper Not Liable to State Sales Tax: Madras High Court(28.05.2018)

Madras High Court has held that old newspapers when sold as such would be covered by the exemption provided in the Constitution and sale thereof would.....

Tags : Madras High Court, Newspapers, Sales Tax

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Angel Investments in Small Start-ups Get Tax Exemption(28.05.2018)

Income Tax Department has exempted from tax the investments that small start-ups receive from angel investors above their fair valuation.

Tags : Income Tax Department, Start-ups

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Haryana Govt. Notifies Norms for Manual processing of Refund Under GST Regime(29.05.2018)

Haryana Government has notified the rules for application and processing of refund under the Haryana Goods and Service Tax (GST) Act.

Tags : Goods and Services Tax

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No Late Fee for Delayed Filing of GSTR-5A: GSTN(30.05.2018)

Goods and Services Tax Network (GSTN) has clarified that no late fee is payable for delayed payment of GSTR-5A by the Online Information and Database .....

Tags : Goods and Services Tax Network

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Govt Notifies NACIN as Authority for Conducting GST Practitioners Exam(30.05.2018)

Central Board of Indirect Taxes and Customs (CBIC) has notified National Academy of Customs, Indirect Taxes & Narcotics (NACIN) as the authority for c.....

Tags : Goods and Services Tax

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Interest on Outstanding Credit Card Balances Ssubject to GST: CBIC(05.06.2018)

Central Board of Indirect Taxes and Customs (CBIC) has clarified that any interest/ delayed payment charges charged for delay in payment of brokerage .....

Tags : Goods and Services Tax

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No Service Tax on Ambulance Services Provided to Govt by Pvt Service Providers: CBIC(05.06.2018)

Central Board of Indirect Tax and Customs (CBIC) has clarified that Service Tax cannot be levied on Ambulance Services provided to the Government by t.....

Tags : Goods and Services Tax

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Digital Copy of E-Way Bill Sufficient for Transportation Under GST: Allahabad HC(06.06.2018)

Allahabad High Court has ruled that the consignment need not be supported with the hard copy of the E-way Bill as the current Goods and Services Tax (.....

Tags : Goods and Services Tax

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Govt Notifies GST Settlement of Funds (Second Amendment) Rules(06.06.2018)

Central Government has notified the Goods and Services Tax Settlement of Funds (Second Amendment) Rules, 2018 which allows provisional settlement of I.....

Tags : Goods and Services Tax

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GST: Govt Introduces PAN-Based Refund Clearance for Exporters(08.06.2018)

Central Board of Indirect Taxes and Customs (CBIC) has introduced PAN based refund clearance for the exporters if such refunds are held up due to mism.....

Tags : Goods and Services Tax

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Govt Notifies GST Settlement of Funds (Second Amendment) Rules(08.06.2018)

Central Government has notified the Goods and Services Tax Settlement of Funds (Second Amendment) Rules, 2018 which allows provisional settlement of I.....

Tags : Goods and Services Tax

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Govt Notifies GST Settlement of Funds (Second Amendment) Rules(08.06.2018)

Central Government has notified the Goods and Services Tax Settlement of Funds (Second Amendment) Rules, 2018 which allows provisional settlement of I.....

Tags : Goods and Services Tax

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Priority Sector Lending Certificates, Renewable Energy Certificates Attract Nil GST: CBIC(08.06.2018)

Central Board of Indirect Taxes and Customs (CBIC) has clarified that Renewable Energy Certificates (RECs), Priority Sector Lending Certificates (PSLC.....

Tags : Goods and Services Tax

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ITAT, Mumbai: Taxpayers Can Change ‘Self-occupied’ House to Cut Tax Outgo(08.06.2018)

Mumbai bench of Income Tax Appellate Tribunal (ITAT) has upheld the right of a taxpayer to change his selection of a house property that would be trea.....

Tags : Income Tax, House Property

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Generation of E-Way Bill Depend on Interstate-Movement of Goods, Not Supply: CBIC(12.06.2018)

Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that the generation of E-Way bill is not dependent on whether a supply is inter-sta.....

Tags : Goods and Services Tax

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GST: Govt Extends Special Refund Fortnight till 16th June(13.06.2018)

Central Board of Indirect Taxes and Customs (CBIC) has extended the refund fortnight for fast track clearance of pending dues to exporters by two days.....

Tags : Goods and Services Tax

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Interest-free Loan from Employer Taxable: ITAT, Mumbai(13.06.2018)

Income Tax Appellate Tribunal, Mumbai (ITAT) has said that interest-free loans extended by an employer are taxable in the hands of an employee as a pe.....

Tags : Income Tax, Loan

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Government Extends Time Limit for Clearing GST Practitioners Enrollment Exam(14.06.2018)

Government has extended the period within which the persons who have applied for enrollment of GST Practitioners shall pass the exam from one year to .....

Tags : Goods and Services Tax

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GST: Government Notifies Changes in GST Returns w.e.f 1st July(14.06.2018)

Government has amended the rules relating to refund on account of inverted duty structure, refund of input tax credit etc applicable from 1st July 201.....

Tags : Goods and Services Tax

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GST: Govt Notifies List of Goods Which May be Disposed off Post-Seizure(14.06.2018)

Central Board of Indirect Taxes and Customs (CBIC) has specified the list of goods which may be disposed off by the proper officer post seizure under .....

Tags : Goods and Services Tax

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GST: Delhi Notifies E-Way Bill for Intra-State Movement of Goods(18.06.2018)

Delhi has notified that the E-Way Bill is mandatory for intra state movement of goods for all B2B transactions above Rs.1 Lakh from 16th June 2018.

Tags : Goods and Services Tax

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Goods Can’t be Seized for Non-Filling of Part B of E-Way Bill: Allahabad HC(19.06.2018)

Allahabad High Court has ruled that the goods cannot be seized for non-filling of Part B of the E-Way Bill transported within a distance of 50kms.

Tags : Goods and Services Tax

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Prior Notice Must for Initiating Reassessment Proceeding: ITAT, Amritsar(20.06.2018)

ITAT Amritsar held that notice under Section 148 or 142(1) of the Income Tax Act which is served upon the deceased assessee or his sole legal heir is .....

Tags : Income Tax Department, Notice

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Bank Not Liable to Deduct TDS from Interest Paid to Noida Authority: ITAT, Delhi(20.06.2018)

Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that Axis bank is not liable to deduct TDS from the interest paid or credited to Noida Au.....

Tags : Income Tax, TDS

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Govt Amends CGST Rules to Modify Norms for Transportation(21.06.2018)

Central Government has amended the Central Goods and Services Tax Rules (CGST Rules), 2017 to modify the norms for transportation and E-Way Bill.

Tags : Goods and Services Tax

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US Supreme Court Says States Can Collect Online Sales Tax(22.06.2018)

US Supreme Court has said that states can collect sales taxes on purchases from online retailers even if that company doesn't have a physical presence.....

Tags : US Supreme Court, Online Sales Tax

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Levy of Surcharge on Retailers on Basis of Stock Imported Into State Is Discriminatory: Kerala HC(22.06.2018)

High Court of Kerala has struck down Section 3(1A) of the Kerala Surcharge on Taxes Act, 1957 (“Act”) for being discriminatory and violative of Articl.....

Tags : Kerala High Court, Surcharge Tax

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GST: CBIC Modifies Procedure for Interception of Conveyance(22.06.2018)

Central Board of Indirect Taxes and Customs (CBIC) has issued a circular modifying the procedure for interception of conveyance under the Goods and Se.....

Tags : Goods and Services Tax

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Penalty Notice u/s 274 Should Specify Grounds: ITAT, Delhi(25.06.2018)

Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that there is no justification imposing the penalty without mentioning the grounds specif.....

Tags : Income Tax, Notice

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Seizure Under UP GST Act Involving Inter-State Transactions is Permissible: Allahabad High Court(22.03.2018)

Allahabad High Court has held that the seizure of goods under the Uttar Pradhesh Goods and Services Tax Act involving an inter-State transaction is va.....

Tags : Allahabad High Court, Goods and Services Tax

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Kerala HC Permits Release of Goods by Furnishing Simple Bond, Directs Expedite Adjudication(23.03.2018)

Kerala High Court has permitted the assessee to release goods detained by the State GST department by furnishing a simple bond. The Court also directe.....

Tags : Kerala High Court, Goods and Services Tax

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Govt Amends Rules relating to Anti-Profiteering Authority(26.03.2018)

Central Board of Excise and Customs (CBEC) has notified the Central Goods and Services Tax Rules (Third Amendment) by amending the rules relating to a.....

Tags : Goods and Services Tax

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Government: E-way Bill Rollout from Apr 1, GSTR-3B to be Filed Till June(26.03.2018)

Government has notified April 1 as the implementation date for e-way bill, which will be required for transporting goods valued over Rs 50,000 between.....

Tags : Goods and Services Tax

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Ice Cream Can’t be Treated as ‘Cooked food’, Taxable at a Higher Rate: Kerala High Court(27.03.2018)

Kerala High Court has held that Ice-Cream cannot be treated as cooked food and therefore, a higher rate of tax is applicable to it.

Tags : Kerala High Court, Tax

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Madras High Court Quashes I-T Order Against Kalanithi Maran(29.03.2018)

Madras High Court has set aside an order of the income tax department declaring him as the principal officer of Spicejet Ltd, thereby making him liabl.....

Tags : Madras High Court, Income Tax

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Tamil Nadu Temporarily Exempts E-Way Bill from Intra-State Supply(30.03.2018)

Tamil Nadu State Government has clarified that e-way bill is not required for intra-State movement of goods in the State of Tamil Nadu till any furthe.....

Tags : Goods and Services Tax

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Gujarat Govt Notifies Exemption from E-way Bill for Intra-State Movement(30.03.2018)

Gujarat Government has notified that no e-way bill is required for intra-State movement of goods.

Tags : Goods and Services Tax

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Govt Extends Due Date for Filing Refund Application by Notified Agencies(30.03.2018)

Central Government has extended the due date for filing of the application for the refund under section 55 of the Central Goods and Services Tax (CGST.....

Tags : Goods and Services Tax

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Govt Extends Due Date for Filing GSTR 6 by Input Service Distributors(30.03.2018)

Central Government has extended the last date for filing GSTR 6 by Input Service Distributors for the months of July 2017 to April 2018 until the 31st.....

Tags : Goods and Services Tax

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Govt Extends Due Date for Filing GSTR-1(30.03.2018)

Central Board of Excise and Customs (CBEC) has extended the time limit for filing of GSTR-1 for both entities who have turnover up to 1.5 crores and m.....

Tags : Goods and Services Tax

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Govt Extends Due Date for filing TRAN-2(30.03.2018)

Central Government has extended the due date for filing of TRAN-2 which can now be filed till 30th June 2018.

Tags : Goods and Services Tax

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Tax-free Gratuity Ceiling Raised to Rs 20 Lakh(30.03.2018)

Government has notified doubling of the limit of tax-free gratuity to Rs 20 lakh in private sector.

Tags : Goods and Services Tax

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Temporary Vehicle No. Allowable for Generating E-Way Bill: GSTN(02.04.2018)

Goods and Services Tax Network (GSTN) has clarified that the taxpayers can use the temporary vehicle number for generating E-way Bill.

Tags : Goods and Services Tax

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5% GST for Railway Catering Services in Trains & Stations: Govt(09.04.2018)

Government has clarified that 5% uniform rate of Goods and services Tax (GST) is applicable to all railway catering services in trains or on stations.

Tags : Goods and Services Tax

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Gauhati HC Stays Service Tax Demand Made Post-GST Rollout(19.12.2017)

Gauhati High Court has stayed a show cause notice issued by the department demanding service tax from the petitioner M/s Mascot Entrade Pvt Ltd for wa.....

Tags : Goods and Service Tax

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Advance Payment of Sales Tax Credited under ‘Sales-Tax Recoverable A/c’ is not Deductible: Delhi HC(20.12.2017)

Delhi High Court has ruled that Advance Payment of Sales Tax credited under ‘Sales-tax Recoverable A/c’ is not deductible from the taxable income.

Tags : Delhi High Court, Sales Tax

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GST: Rajasthan Govt Notifies E-Way Bill(20.12.2017)

Rajasthan State Government has notified the Electronic Bill under the Goods and Services Tax (GST).

Tags : Goods and Service Tax

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GST: Due Date for Filing Return for Input Tax Credit is 31st January(22.12.2017)

Central Government has notified the extension of time limit for making declaration GST ITC-01 to avail Input Tax Credit till the 31st day of January 2.....

Tags : Goods and Service Tax

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GST: Non-Resident Tax Payers Can File Returns Till 31st January(22.12.2017)

Central Government has notified January 31 as the time limit for furnishing the return for the months July to December by a non-resident taxable perso.....

Tags : Goods and Service Tax

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GST: Govt Extends Due Date for filing GSTR-5A for July to December(22.12.2017)

Central Board of Excise and Customs (CBEC) has extended the due date of filing return by persons providing Online Information and Database Access or R.....

Tags : Goods and Service Tax

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Govt Extends Due Date for Filing FORM GST CMP-03(26.12.2017)

Central Government has extended the time limit for intimation of details of stock held on the date preceding the date from which the option for compos.....

Tags : Goods and Service Tax

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IGST is Leviable When Art Works Sent to Gallery is Purchased by Buyer: CBEC(26.12.2017)

Central Board of Excise and Customs (CBEC) has said that when an art work sent to the gallery is purchased by a person, Integrated Goods and Services .....

Tags : Goods and Service Tax

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Lok Sabha Passes GST (Compensation to States) Amendment Bill 2017(28.12.2017)

Lok Sabha has passed Goods and Services Tax (Compensation to States) Amendment Bill 2017. The bill seeks to increase maximum rate at which Compensatio.....

Tags : Goods and Service Tax

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Govt Notifies CGST (Fourteenth Amendment) Rules, 2017(02.01.2018)

Government has notified Central Goods and Services Tax (Fourteenth Amendment) Rules, 2017, according to which Unique Identity Number in accordance wit.....

Tags : Goods and Service Tax

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Govt Waives Late Fee for Delay in Furnishing GSTR-4(02.01.2018)

Central Government has waived the late fee payable u/s 47 of the CGST Act, by any registered person for failure to furnish the return in FORM GSTR-4 b.....

Tags : Goods and Service Tax

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GST E-Way Bill Rules Are Applicable From 1st February(02.01.2018)

Central Government has notified 1st February 2018 as due date for implementing E-Way Bill Rules under the Goods and Services Tax (GST) regime.

Tags : Goods and Service Tax

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Govt. Notifies Due Dates for Filing GST Returns (Aggregate Turnover of Upto Rs. 1.5 Crore)(02.01.2018)

Govt has notified the last dates for filing returns under GST regime. Registered persons having aggregate turnover of upto 1.5 crore rupees shall fil.....

Tags : Goods and Service Tax

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Govt. Notifies Due Dates for Filing GST Returns (Aggregate Turnover More Than Rs. 1.5 Crore)(02.01.2018)

Last dates for filing GST returns for persons having aggregate turnover of more than 1.5 crore rupees shall file monthly return in form GSTR-1 for the.....

Tags : Goods and Service Tax

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Madras High Court Sets Aside Notices by I-T Dept Against Chidambaram, Family(03.01.2018)

Madras High Court has set aside a batch of notices issued by the Income Tax department against former Union Finance Minister P Chidambaram and his fam.....

Tags : Madras High Court, Income Tax

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GST: Manufacturers & Other Suppliers Needs to Pay One Percent Tax Under Composition Scheme(03.01.2018)

Central Board of Excise and Customs (CBEC) has notified that manufacturers and other suppliers are required to pay one percent of the turnover in Stat.....

Tags : Goods and Service Tax

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5% GST for Food or Drink Supplied in College Canteen/ Mess: Govt(10.01.2018)

Central Government has clarified that supply of food or drink provided by a mess or canteen is taxable at 5% without Input Tax Credit under the curren.....

Tags : Goods and Service Tax

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Bombay HC: No Appointment to Judicial Members of Tax Tribunals Without High Court's Consultation(18.01.2018)

Bombay High Court has held that judicial members of tax tribunals cannot be appointed without effective consultation with the high court and administr.....

Tags : Bombay High Court, Tax Tribunal

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GST e-way Bill System Rolled Out on Trial Basis(18.01.2018)

Government has implemented electronic way bill on trial basis and asked the traders to register with the new transportation system before 1st February.....

Tags : Goods and Service Tax

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Govt. Exempts Legal Services Provided to Govt & Govt Entities From GST(19.01.2018)

GST Council has recommended the Central Government to exempt legal services provided to Government, Local Authority, Governmental Authority and Govern.....

Tags : Goods and Service Tax

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GST Council Revises Rates For 29 Goods, 53 Services Categories(19.01.2018)

GST Council has approved a rejig in the rates of 29 goods and changes to the taxation regime for 53 services at its 25th meeting in Delhi.

Tags : Goods and Service Tax

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GST Council Revises GST Rates for Second-hand Medium & Large Cars, SUVs,(19.01.2018)

GST Council has approved rate cut on second-hand medium and large cars and SUVs from 28 per cent to 18 per cent and on other old and used motor vehicl.....

Tags : Goods and Service Tax

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GST Council Revises GST Rates on Diamonds, Gemstones(19.01.2018)

GST Council has slashed tax rate on diamonds and precious stones to 0.25 per cent from current 3 per cent.

Tags : Goods and Service Tax

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President Clears GST (Compensation to States) Amendment Act, 2017(22.01.2018)

President of India has given assent to the GST (Compensation to States) Amendment Act.

Tags : Goods and Service Tax

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Government Extends Last Date for Filing FORM GSTR-3B(22.01.2018)

Central Government has extended the last date for filing return in FORM GSTR-3B for the month of December, 2017 by two days to 22nd January, 2018.

Tags : Goods and Service Tax

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Maharashtra Govt Mandates E-Way Bill for Inter-State Supplies from 1st February(23.01.2018)

Government of Maharashtra has made 'E-Way Bill' mandatory in State for Inter-State Supplies from 1st February, 2018.

Tags : Goods and Service Tax

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Tax Arrears of Deceased Assessee Can’t be Recovered Out of Wife's Personal Property: Gujarat HC(23.01.2018)

Gujarat High Court has said that Tax Arrears of a deceased assessee cannot be recovered out of the personal properties of wife.

Tags : Gujarat High Court, Income Tax

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State/ UT GST Officers Can Process Refund Applications Filed in FORM GST RFD-01(24.01.2018)

Central Government has said that the officers appointed under the respective SGST Act, 2017 or the UGST Act, 2017 are authorized to act as officers fo.....

Tags : Goods and Service Tax

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GST: Govt Notifies Common Portals for E-Way Bill(24.01.2018)

Central Government has notifed www.gst.gov.in as the Common GST e-Portal for facilitating registration, payment of tax, furnishing of returns and comp.....

Tags : Goods and Service Tax

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Govt Notifies Reduction in Late Fee for GST Returns(24.01.2018)

Central Government has notified that the late fee for filing of GSTR-1, GSTR-5, GSTR-5A & GSTR-6 has been reduced to Rs. 50 per day.

Tags : Goods and Service Tax

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Govt. Extends Due Date for Filing GSTR-6 by Input Service Distributors(24.01.2018)

Central Government has extended the last date for filing GSTR-6 by Input Service Distributors under the GST regime. As per the notification, the tax p.....

Tags : Goods and Service Tax

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Allahabad HC Directs to Re-Open the Facility to File TRAN-1 in GST Portal(25.01.2018)

Allahabad High Court has directed the Government to re-open the Goods and Services Portal in order to enable the tax payer to file TRAN-1.

Tags : Goods and Services Tax

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Mobile Chargers Sold With Mobile Phones Can’t be Taxed Separately: Allahabad HC(25.01.2018)

Allahabad High Court has held that no separate rate of tax is leviable on selling mobile chargers along with mobile phones under a composite package.

Tags : Goods and Services Tax

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No 'GST Compensation Cess' on Old and Used Motor Vehicles: CBEC(29.01.2018)

Central Board of Excise and Customs (CBEC) has exempted old and used cars from the levy of GST Compensation Cess.

Tags : Goods and Services Tax

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CBEC: 5% GST on Supply of Goods Classified Under Chapter 86 to Railways(29.01.2018)

CBEC has clarified that when goods classified under chapter 86 is supplied to railways, it attracts 5% GST. However, noramal GST rates are applicable .....

Tags : Goods and Services Tax

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Govt Notifies GST Exemption to Government’s Share of Profit Petroleum(29.01.2018)

Central Government has notified exemption to its share of profit petroleum paid to the Centre from the Goods and Services Tax (GST).

Tags : Goods and Services Tax

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Govt Prescribes Special Procedure for Construction Services Against Transfer of Development Rights(29.01.2018)

Government has prescribed a special procedure for construction services against transfer of development rights to a developer, builder, construction c.....

Tags : Goods and Services Tax

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Govt: RCM Applicable to Service of Renting of Immovable Property by Govt to Registered Persons(29.01.2018)

Government has notified that the supply of service of immovable property by the the Central Government, State Government, Union territory or local aut.....

Tags : Goods and Services Tax

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Govt Notifies Change of GST Rates on Goods, Services(29.01.2018)

Central Government, in line with the recommendations of the GST Council, has notified change of rate on Goods and Serives.

Tags : Goods and Services Tax

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Gujarat Exempts Intra-State Supply of Goods from E-Way Bill(30.01.2018)

State Government of Gujarat has exempted almost all intra-State supply of goods from the generation of e-way bill under the Goods and Services Tax Reg.....

Tags : Goods and Services Tax

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Kerala HC:Interest for Default in Payment of Advance Tax to be Levied till Revisional Order is Passed(31.01.2018)

Kerala High Court has held that if refund of advance tax is made but re-assessment leads to determination of escapement of income, such a situation ju.....

Tags : Kerala High Court, Advance Tax

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GST: No E-Way Bill for Intra-State Supplies in Rajasthan(01.02.2018)

State Government of Rajasthan has notified that no E-Way Bill is required for intra-State supply of goods in the State.

Tags : Goods and Services Tax

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GST: Assam Notifies Effective Dates for Rollout of E-Way Bill(01.02.2018)

State Government of Assam has notified that traders should carry E-Way Bill for Inter-State purchase from Feb. 1, 2018. However, for intra-State suppl.....

Tags : Goods and Services Tax

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GST: Chattisgarh Exempts E-Way Bill for Intra-State Supplies till 1st March(01.02.2018)

State Government of Chattisgarh has said that E-Way Bill will not required for intra-State supplies in the State till 1st march 2018.

Tags : Goods and Services Tax

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Supreme Court: Rule 8D of Income Tax Rules Prospective in Operation(05.02.2018)

Supreme Court has affirmed a Bombay High Court judgment holding that Rule 8D of Income Tax Rules is prospective in operation and could not have been a.....

Tags : Supreme Court, Income Tax

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GST: Govt Notifies Postponement of E-Way Bill(05.02.2018)

Government has notified the postponement of E-Way Bill under the Goods and Services Tax (GST) regime. However, the next rollout date has not been pres.....

Tags : Goods and Services Tax

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GST: Uttarkhand Defers E-Way Bill for 10 Days(05.02.2018)

Uttarakhand Government has notified that E-Way Bill is not necessary for next 10 days in respect of the movement of any goods within the State.

Tags : Goods and Services Tax

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Interest Income from Capital Gains Bonds is Taxable as ‘Other Income’: ITAT Mumbai(07.02.2018)

Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that interest income earned from capital gains bonds would be taxable under the head oth.....

Tags : Income Tax Appellate Tribunal

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Govt Amends GST Settlement of Funds Rules(08.02.2018)

Central Government has notified the Goods and Services Tax (GST) Settlement of Funds Rules, 2017 that allows Central Government to provisionally settl.....

Tags : Goods and Services Tax

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RBI Grants Relief to MSME Borrowers Registered Under GST(08.02.2018)

Reserve Bank of India (RBI) has notified that the exposure of banks and NBFCs to a borrower classified as micro, small and medium enterprise shall con.....

Tags : Goods and Services Tax

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GST: Superintendents of Central Tax Can Issue SCN Under CGST & IGST Acts(12.02.2018)

Central Board of Excise and Customs (CBEC) has said that the Superintendents of Central Tax shall also be empowered to issue show cause notices and or.....

Tags : Goods and Services Tax

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GST: ‘Way Bill’ Mandatory for Intra-State Movement of Goods in Telangana(12.02.2018)

State Government of Telangana has notified the document known as “Way Bill” which should be issued by the registered person for intra-State movement o.....

Tags : Goods and Services Tax

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Supreme Court Denies Relief to Suspended Senior IT Official in DA Case(15.02.2018)

Supreme Court has refused to interfere with the time frame fixed by the Uttarakhand High Court for disposal of a disproportionate asset case against a.....

Tags : Supreme Court, Income Tax

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Deduction U/S 80-IB is Permissible Even If Construction is Not Acc. to Approved Plan: Bombay HC(15.02.2018)

Bombay High Court has held that the deduction under section 80-IB is available to the assessee-Builder, even if the construction is not according to t.....

Tags : Bombay High Court, Builder, Income Tax

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GSTO/AC Authorized to Process Refund Claims Under Delhi GST Act(16.02.2018)

State Government of Delhi has assigned Assistant Commissioner and the Goods and Services Tax Officer (GSTO) to process the refund claims under the Del.....

Tags : Goods and Services Tax

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Receipt from Compulsory Acquisition of Agricultural Land is Not Taxable: ITAT, Raipur(20.02.2018)

Raipur bench of Income Tax Appellate Tribunal (ITAT) has proclaimed that capital gain arising out of sale of agricultural land under compulsory acquis.....

Tags : Income Tax, Acquisition

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Sales Tax Subsidy is Capital Receipt, Not Taxable: ITAT, Kolkata(20.02.2018)

Kolkata bench of Income Tax Appellate Tribunal has held that sales tax subsidy is capital receipt and it is not taxable.

Tags : Income Tax, Sales Tax

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Govt: Correct & Sufficient Info Must on GSTN & Customs System to Get IGST Refund(21.02.2018)

CBEC has released Frequently Asked Questions (FAQs) on IGST Refund, wherein it was clarified that, exporters must ensure that, only correct and suffic.....

Tags : Goods and Services Tax

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Voluntary Surrender of Income Without Disclosing Its’ Source Would Not Avoid Penalty: Delhi HC(22.02.2018)

Delhi High Court has held that voluntary surrender of income without disclosing its source cannot rescue assessee from facing penal consequences under.....

Tags : Delhi High Court, Income Tax

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Voluntary Surrender of Income Without Disclosing Its’ Source Would Not Avoid Penalty: Delhi HC(22.02.2018)

Delhi High Court has held that voluntary surrender of income without disclosing its source cannot rescue assessee from facing penal consequences under.....

Tags : Delhi High Court, Income Tax

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GSTN Comes Within the Ambit of RTI Act: CIC(05.03.2018)

Central Information Commission (CIC) has held that the Goods and Services Tax Network (GSTN) will come well within the purview of the Right to Informa.....

Tags : Goods and Services Tax

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CBEC Mandates ‘ e-SANCHIT ‘ for Online Filing of Documents from 15th March(05.03.2018)

Central Board of Excise and Customs (CBEC) is all set to implement its new facility 'e-SANCHIT' enabling the registered persons to file documents onli.....

Tags : Goods and Services Tax

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Packaging of Goods is ‘Part of Manufacture’, Service Tax Not Leviable: CESTAT, Delhi(05.03.2018)

Central Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has declared that packaging of goods are part of manufacture for which, service tax .....

Tags : Service Tax

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GST: Maharashtra Govt Prescribes Norms for Online Filing of LUTs(05.03.2018)

Maharashtra State Government has enabled the facility of online submission of Letter of Undertaking (LUTs)by the taxable person who makes the zero-rat.....

Tags : Goods and Services Tax

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No TDS Liability Since Commission to Foreign Agent is Not Subject to Income Tax in India: ITAT(06.03.2018)

Kolkata bench of Income Tax Appellate Tribunal (ITAT) has ruled that there is no Tax Deducted at Source ( TDS ) liability in the hands of the Assesse.....

Tags : Income Tax

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No GST If Cash Calls are Merely Transaction in Money: CBEC(07.03.2018)

Central Board of Excise and Customs (CBEC) has clarified the liability to pay tax on the taxable services provided by the members of the Joint Venture.....

Tags : Goods and Services Tax

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Salaried Persons Not Required to Maintain Books of Accounts: ITAT, Kolkata(07.03.2018)

Kolkata bench of ITAT has ruled that a salaried person is not required to maintain books of accounts unless he is engaged in business or profession.

Tags : Income Tax

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Govt Extends Due Date for Filing TRAN 2 Till 31st March(08.03.2018)

Central Government has extended the due date for filing of TRAN-2 by the taxpayers under the Goods and Services Tax (GST) regime.

Tags : Goods and Services Tax

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Uniform Tax Rate Under KVATA Applicable to Works Contracts Prior to 1st April 2006: SC(08.03.2018)

Supreme Court has categorically held that the works contracts prior to 1st April 2006 cannot be taxed at rates prescribed after the amendment in the K.....

Tags : Value Added Tax

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Uniform Tax Rate Under KVATA Applicable to Works Contracts Prior to 1st April 2006: SC(08.03.2018)

Supreme Court has categorically held that the works contracts prior to 1st April 2006 cannot be taxed at rates prescribed after the amendment in the K.....

Tags : Value Added Tax

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Govt Notifies CGST (Second Amendment) Rules(08.03.2018)

Central Government has notified Central Goods and Services Tax (CGST) Amendment Rules incorporating certain amendments to the E-Way Bill Rules.

Tags : Goods and Services Tax

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Govt. Cancels Reduction in Late Fee for Returns Filed by OIDAR Service Providers(08.03.2018)

Central Government has cancelled the reduction in late fee for delay in filing GSTR-5A by the Online Information and Database Access or Retrieval (OID.....

Tags : Goods and Services Tax

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SC Grants Exemption to Persons Donating Money for Construction of Specified Hospital(14.03.2018)

Supreme Court has held that persons who want to donate money for construction of the specified hospital by the petitioner, Prashanti Medical Services .....

Tags : Supreme Court, Income Tax

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GST: Government Extends GSTR 3B, GSTR 1 Filing for 3 Months(15.03.2018)

Government has extended the present system of filing of GSTR 3B and GSTR 1 for another three months i.e., April to June, 2018 till the new return syst.....

Tags : Goods and Services Tax

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CIT Has No Power to Cancel or Withdraw 12A Registration: Supreme Court(15.03.2018)

Supreme Court has held that the Commissioner of Income Tax (CIT) has no power to cancel or withdraw or recall the registration certificate granted und.....

Tags : Supreme Court, Income Tax

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CBDT Directs to Pay 100% Advance Tax Before 15th March(15.03.2018)

Central Board of Direct Taxes (CBDT) has asked the taxpayers to pay fourth and final installment (100 percent) advance tax before 15th March 2018.

Tags : Central Board of Direct Taxes

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Madras High Court Rejects Plea Seeking to Bring Petrol, Diesel Under GST(19.03.2018)

Madras High Court has dismissed the petition which sought to bring Petrol and Diesel under the Goods and Services Tax ( GST ) regime.

Tags : Madras High Court, Goods and Services Tax

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Supreme Court: Entire Interest Outgo on Borrowings Cannot be Treated as Expenditure(19.03.2018)

Supreme Court has partly upheld the tax department’s view that investors, be it companies or individuals, cannot take double advantage: first, avoid t.....

Tags : Supreme Court, Income Tax

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Sikkim High Court Upholds Constitutional Vires of Levy of Service Tax on Lottery Tickets(28.03.2017)

Sikkim High Court has upheld constitutionality of amendments brought through Finance Act, 2016, which made service tax leviable on a person engaged in.....

Tags : Sikkim High Court, Service Tax, Lottery Tickets

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Supreme Court: Companies Cannot Claim 'Premium' Received on Shares as 'Deduction'(29.03.2017)

Supreme Court has held that premium collected by companies on its subscribed share capital does not come within the ambit of “capital employed in busi.....

Tags : Supreme Court,Income Tax Act, Company

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#OneNationOneTax: House of People Votes For ‘No Tax on Tax System’, Passes Historic GST Bills(30.03.2017)

Lok Sabha has showed a green light to Integrated GST, Central GST, Union Territory GST & Compensation Bill thereby clearing decks for the July 1 rollo.....

Tags : Lok Sabha, Goods and Services Tax

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Jharkhand High Court Notices State Over Abrupt Hike in Holding Tax(20.02.2017)

Jharkhand High Court has issued a notice to State Government and sought its reply in response to a PIL challenging holding (property) tax hike in urba.....

Tags : Jharkhand High Court, Holding Tax

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ITAT, Delhi: Propagation of Yoga Qualifies as Medical Relief(21.02.2017)

Delhi bench of Income Tax Appellate Tribunal (ITAT) has granted exemption status under Sections 11 and 12 of the Income Tax Act to Baba Ramdev’s Patan.....

Tags : Income Tax Appellate Tribunal, Patanjali

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Delhi High Court: Cable Operators Liable to Collect, Pay Entertainment Tax to Govt(10.03.2017)

Delhi High Court has held that multi-system operators and local cable operators distributing TV signals directly to subscribers are liable to collect .....

Tags : Delhi High Court, Entertainment Tax, Cable Operators

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Service Tax Applicable on 60% of Total Amount Billed by Tour Operators From Jan 22(16.01.2017)

Government has changed service tax applicable on tour operators, thereby making it compulsory for tour operators to pay a service tax on 60 per cent o.....

Tags : Government, Service Tax , Tour Operators

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CBDT: No TDS or Advance Tax Credit For Disclosure Made Under PMGKY(19.01.2017)

Central Board of Direct Taxes (CBDT) has clarified that no credit will be allowed against advance tax paid or Tax Deducted at Source (TDS) or Tax Coll.....

Tags : Central Board of Direct Taxes, Pradhan Mantri Garib Kalyan Yojana, income disclosure scheme, TDS, TCS

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Supreme Court Seeks Govt Reply Over Vacancies in ITAT(24.01.2017)

Supreme Court has sought Government's response on plea seeking appointment of President and Vice Presidents in different Benches of Income Tax Appella.....

Tags : Supreme Court, Income Tax Appellate Tribunals, Vacancy ,

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Madras HC Stays Income Tax Case Against Chidambaram, Family(27.01.2017)

Madras High Court has stayed proceedings initiated by Income Tax Department against former Union Minister P. Chidambaram, his wife and Senior Advocate.....

Tags : Madras High Court, P. Chidambaram, Income Tax

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PAN Mandatory For Excise, Service Tax Payers For GST Registration(09.01.2017)

Tax Department has made it mandatory for central excise duty and service tax payers to obtain valid PAN number before they can be migrated to new Good.....

Tags : Tax Department, Excise, Service Tax, GST Registration

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Government Amends Income Tax Rules, Direct Banks to Obtain PAN of A/cs, Except Savings(09.01.2017)

Income Tax rules have been amended to provide that banks shall obtain and link PAN or Form No 60 (where PAN is not available) in all existing bank acc.....

Tags : Income Tax rules, PAN, Form No 60

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Bombay HC Quashes State’s Demand Order Claiming 111.78 Crore Sale Tax From BrahMos(11.01.2017)

Bombay High Court has quashed and set aside a demand order issued to BrahMos Aerospace Pvt Ltd by Maharashtra Sales Tax Department, demanding Rs 117.7.....

Tags : Bombay High Court, BrahMos Aerospace, Sales Tax

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Supreme Court Rejects Plea Seeking 'No Tax Exemption' For Political Parties(11.01.2017)

Supreme Court has rejected a petition seeking to quash Section 13(a) of Income Tax Act which confers tax exemption to political parties for income fro.....

Tags : Supreme Court, Political Parties, Tax Exemption

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CBEC Asks Field Officers to Take GST Disputes to Supreme Court(19.09.2017)

Central Board of Excise and Customs (CBEC) has instructed its field officers to prepare to move the Supreme Court on all disputes where levy of Goods .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Govt Extends Due Date for Filing Form GST TRAN-1 to 31st October(20.09.2017)

Central Government has extended period for submitting the declaration in FORM GST TRAN-1 till 31st October, 2017.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST: Government Exempts Skimmed Milk Powder or Concentrated Milk(26.09.2017)

Central Government has exempted skimmed milk powder or concentrated milk from the ambit of Goods and Services Tax (GST) regime.

Tags : Goods and Services Tax, Exemption, skimmed milk powder, concentrated milk

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CBEC: No Refund of Unutilised Input Tax Credit on Corduroy Fabrics Supply(26.09.2017)

Central Board of Excise and Customs (CBEC) has notified that refund cannot be allowed on unutilised input tax credit on corduroy fabrics supply under .....

Tags : Central Board of Excise and Customs, input tax credit, corduroy fabrics

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Government Prescribes Procedure to Furnish Form 67 to Claim Foreign Tax Credit(26.09.2017)

Central Government has prescribed the procedure to be followed to furnish Form 67 to claim foreign tax credit under the provisions of the Income Tax A.....

Tags : foreign tax credit, Income Tax Act, 1961

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ITAT: Interest on Enhanced Compensation Recd. under LA Act Not Subject to Capital Gain Tax(28.09.2017)

Income Tax Appellate Tribunal (ITAT) has held that the interest received on enhanced compensation for land compulsorily acquired under the Land Acquis.....

Tags : Income Tax Appellate Tribunal, Capital Gain, Land Acquisition Act

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Government Exempts Receipts from FIFA Under-17 Football World Cup from Income Tax Net(28.09.2017)

Central Government has notified income tax relief to FIFA under-17 Football World Cup which will run from October 6 to 28 by exempted the World Cup as.....

Tags : FIFA Under-17 Football World Cup, Tax Exemption

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Bombay High Court: LBT Leviable On SIM Cards & Recharge Coupons, Not On E-Recharge(28.09.2017)

Bombay High Court has held that Local Body Tax (LBT) cannot be levied on e-recharge, but leviable on SIM cards and recharge coupons once those enter w.....

Tags : Bombay High Court, Local Body Tax

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#GST: Government Adds Sanitary Napkins to 12% Tax Slab(11.07.2017)

Government has said that sanitary napkins will attract a GST rate of 12%, a shade lower than 13.7% in the previous indirect tax regime.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: No GST on Annual Gifts By Employer of Less Than Rs. 50,000(11.07.2017)

Ministry of Finance has clarified that gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Govt Notifies GST Exemption to Import of Aircraft, Aircraft Engines and Its Parts(12.07.2017)

Central Government has notified exemption to the import of aircraft, aircraft engines and its parts procured on lease from the the Goods and Services .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: No GST on Free Food Supplied in Anna Kshetras(12.07.2017)

Finance Ministry has clarified that Goods and Services Tax (GST) is not applicable on free food supplied in Anna Kshetras run by religious institution.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Delhi HC Says 'No Coercive Action Against Lawyers, Law Firms For Non-Compliance With GST'(14.07.2017)

Delhi High Court has directed the Centre to abstain from taking any coercive action against lawyers and law firms for non-compliance with any legal re.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Services by Educational Institution to Students, Faculty, Staff Exempt from GST(14.07.2017)

Ministry of Finance has clarified that services provided by an educational institution to students, faculty and staff are fully exempt from Goods and .....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Services by Residents Welfare Association Not to Become Expensive under GST(14.07.2017)

Ministry of Finance has clarified that services provided by Housing Society Residents Welfare Association not to become expensive under Goods and Serv.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Legal Services By Individual Lawyers, Senior Lawyers,Law Firms Liable For GST Under RCM(17.07.2017)

Ministry of Finance has clarified that legal services provided by an individual advocate including a senior advocate and a firm of advocates are liabl.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST:Services By Educational Bodies, Including Boarding & Lodging Facilities, Fully Exempt From GST(17.07.2017)

Finance Ministry has clarified that there is no change in tax liability relating to education and related services in the GST era, except reduction in.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Non-Registration with GST After July 30th Would Attract Penalty(17.07.2017)

Finance Ministry has said that traders should obtain registration under Goods and Service Tax (GST) law at the earliest without waiting for the last d.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Taxpayers Can Opt for Composition Scheme till July 21(17.07.2017)

Govt has said that small businesses with turnover of up to Rs 75 lakh can opt for composition scheme under Goods and Services Tax regime till July 21.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: Registered Person Dealing with 2nd Hand Goods Can Avail Benefits of Margin Scheme(17.07.2017)

Central Government has clarified that any registered person dealing in buying and selling of second hand goods can avail benefit of Margin scheme subj.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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#GST: CBEC Issues Revised Rates of Rebate of State Levies on Export of Garments, Textile(17.07.2017)

Central Board of Excise and Customs (CBEC) has released revised rates of rebate of state levies on export of garments and textile made-up articles whi.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Surcharge Can’t be Levied on Retailers on Basis of Stock Imported into State: Kerala HC(27.06.2018)

Kerala High Court has held that levy of Surcharge on Retailers on the basis of stock imported into the State under Section 3(1A) of Kerala Surcharge o.....

Tags : Kerala High Court, Surcharge, Taxes

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Government Extends RCM, TDS & TCS Provisions Till September-End(28.06.2018)

Government has postponed the implementation of reverse charge mechanism, TDS and TCS provisions under the Goods and Services Tax (GST) Laws till the e.....

Tags : Goods and Services Tax

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GST: Government Defers Reverse Charge Mechanism Till 30th September(03.07.2018)

Central Government has postponed the application of reverse charge mechanism under Goods and Services Tax (GST) regime till 30th September 2018.

Tags : Goods and Services Tax

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No Deduction for Acquiring Distribution Rights of Films If It is Not Commercially Exploited: KHC(04.07.2018)

Kerala High Court has held no deduction under Rule 9B of Income Tax Rules, 1962 is allowed in absence of commercial exploitation of feature films.

Tags : Kerala High Court, Income Tax

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GST: No E-Way Bill in Maharashtra for Intra-State Supply of Goods Worth Below Rs. 1 lakh(04.07.2018)

Maharashtra Government has notified that no E-Way Bill shall be required to be generated for the intra-State movement in State of Maharashtra.

Tags : Goods and Services Tax

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GST: CBIC Amends Anti-profiteering Rules(09.07.2018)

Central Board of Indirect taxes and Customs (CBIC)has amended provisions relating to anti-profiteering authority under Central Goods and Services Tax .....

Tags : Goods and Services Tax

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Property Tax Paid in Respect of Leased Property is Allowable as Expenditure: ITAT(09.07.2018)

Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that tenant is eligible for deduction in respect of the amount of property tax paid on le.....

Tags : Income Tax, Lease, Property

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Payments Made for Air Freight Not Taxable in India: ITAT, Delhi(09.07.2018)

Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that payments made for Air Freight by the assessee (company) to such airline companies or.....

Tags : Income Tax, Air Freight

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Tax Defaulters Need Not Apprehend Immediate Arrest on Issuance of Show Cause Notice: Karnataka HC(09.07.2018)

Karnataka High Court has observed that there need not be any apprehension of immediate arrest or detention in civil prison on issuance of a show cause.....

Tags : Karnataka High Court, Income Tax

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Assessment Merely Based on Statements Recorded by CBI is Invaild: ITAT(10.07.2018)

Bengaluru bench of Income Tax Appellate Tribunal has held that additions made merely on the basis of statements recorded by the CBI is not valid .

Tags : Income Tax, CBI

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Honorarium Paid to Chairman of Govt Company is Business Expenditure: ITAT(13.07.2018)

Delhi bench of Income Tax Appellate Tribunal in has held that honorarium paid to Chairman of a Government Company is allowable as business expenditure.....

Tags : Income Tax, Business Expenditure

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Govt: Details of Zero Rated Goods Must Be Included in GSTR 3B(01.12.2017)

Government has clarified that the details of zero rated goods must be included in GSTR 3B.

Tags : Goods and Service Tax

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Madhya Pradesh HC Dismisses Plea Against Levy of Tax on Confectionery Items(04.12.2017)

Madhya Pradesh High Court has dismissed a plea challenging the levy GST on confectionery items on the ground that it does not come within the purview .....

Tags : Goods and Service Tax

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ITAT Delhi Orders Cairn UK to Pay Rs 10,000 Cr Tax For Transfer of Shares to Cairn India(15.03.2017)

Income Tax Appellate Tribunal, Delhi (ITAT), has ordered UK's Cairn Energy Plc to pay Rs 10,000 crore capital gains tax on transfer of ownership from.....

Tags : Income Tax Appellate Tribunal, Delhi, Cairn India

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Hyderabad High Court Upholds Dual Entertainment Tax Policy in AP(21.03.2017)

Hyderabad High Court, while holding that a State is within its rights to promote trade, commerce and employment on its soil, has upheld a notificatio.....

Tags : Hyderabad High Court, entertainment tax

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Delhi High Court Exempts An Export Company from Paying IGST(13.09.2017)

Delhi High Court has allowed an export company to import certain goods used as inputs in manufacturing products, without paying the additional levy un.....

Tags : Delhi High Court, Integrated Goods and Services Tax

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Government Extends Due Date for Filing GSTR for July by ISD to Oct 13(14.09.2017)

Central Government has extended the due date for filing of returns for the month of July by Input Service Distributor to October 13th.

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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GST: Registration Window for GST Composition Scheme Open Now(18.09.2017)

Government has opened option for GST Composition Scheme for the assessment year 2017-18 for small traders. The persons who want to avail the benefit o.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Kerala HC Permits Release of Seized Goods on Payment of 50% of Demand as per GST Laws(18.09.2017)

Kerala High Court has directed Commercial Tax Officer to release detained goods on payment of 50% of demand as per the new Goods and Services Tax (GST.....

Tags : Goods and Services Tax (GST), One-Nation_One-Tax

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Mushroom is An ‘Agricultural Product’, No Tax on its Production: ITAT(17.07.2018)

Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has held that the income from production and sale of Mushroom can be termed as ‘agricultural i.....

Tags : Income Tax

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GST: Madhya Pradesh HC Directs State Tax Dept to Remove Check Posts(17.07.2018)

Madhya Pradesh High Court has issued an interim order directing the State Tax department to take necessary steps to implement the notification abolish.....

Tags : Goods and Services Tax

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Wrong Name in Assessment Order Can’t be Cured by Invoking Section 292B: ITAT(19.07.2018)

Income Tax Appellate Tribunal (ITAT) held that mentioning of wrong name in an assessment order cannot be cured by invoking Section 292B of Income Tax .....

Tags : Income Tax Appellate Tribunal, Section 292B of Income Tax Act, 1961

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Financial Crisis is a ‘Reasonable Cause’ for Delayed Deposit of TDS: ITAT(19.07.2018)

Income Tax Appellate Tribunal (ITAT) held that financial crisis can be a reasonable cause for not depositing the TDS amount with the Government accoun.....

Tags : Income Tax Appellate Tribunal, Section 273B of IT Act

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No Due Date Extension for Income Tax Return Filing: CBDT(23.07.2018)

Central Board of Direct Taxes (CBDT) has clarified that the due date for filing Income Tax Return shall not be extended beyond 31st July, 2018.

Tags : Income Tax

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GST Council Approves Tax Exemption to Sanitary Napkins(23.07.2018)

GST Council has approved the exemption to sanitary napkins from the current GST regime.

Tags : Goods and Services Tax

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GST Council Reduces Tax on Supply of e-books from 18% to 5%(23.07.2018)

GST Council has reduced the rate of GST from 18% to 5% on supply only of e-books for which print version exist.

Tags : Goods and Services Tax

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Assessee Has to Prove Tax Exemption: Supreme Court(31.07.2018)

Supreme Court has held that onus of proving a tax exemption where the guidelines aren’t clear would be on the assessee, and he cannot claim the benefi.....

Tags : Supreme Court, Income Tax

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Govt. Extends Due Date for Filing GSTR-6 by Input Service Distributors(31.07.2018)

Central Board of Indirect Taxes and Customs ( CBIC ) has extended the last date for filing GSTR-6 by Input Service Distributors for the months of July.....

Tags : Goods and Services Tax

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Income Tax Dept Can’t Recover Dues During Liquidation Process under IBC: Hyderabad HC(01.08.2018)

Hyderabad High Court has held that an order of attachment of the subject property by the Income Tax department cannot affect the completion of the sal.....

Tags : Hyderabad High Court, Tax, Insolvency

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GST Council Approves Cashback for Digital Payments(06.08.2018)

GST Council has approved the decision to give incentives on digital payments using BHIM app. The Council approved 20% cashback for the transaction via.....

Tags : Goods and Services Tax

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Gujarat High Court Allows ITR Filing Sans Aadhaar(07.08.2018)

Gujarat High Court has allowed a man to file his income tax return (ITR) manually instead of doing it online which requires linkage to Aadhaar card, a.....

Tags : Gujarat High Court, Aadhaar, Income Tax

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GST: Govt Extends Reverse Charge Mechanism Till 30th September 2019(08.08.2018)

Central Government has decided to further extend the implementation of reverse charge mechanism (RCM) till 30th September 2019 under the Goods and Se.....

Tags : Goods and Services Tax

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Payment of Tax Before Issue of SCN Not a Bar to Impose Penalty: Delhi High Court(08.08.2018)

Delhi High Court has held that the payment of tax amount before the issuance of show cause notice would not absolve the assessee from imposing penalty.....

Tags : Delhi High Court, Income Tax

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Lok Sabha Passes GST Amendment Bills(13.08.2018)

Lok Sabha has passed Central GST (Amendment) Bill, Integrated GST (Amendment) Bill, Union Territory GST (Amendment) Bill and GST (Compensation to Stat.....

Tags : Goods and Services Tax

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Govt Notifies Due Dates for Filing GSTR-1 from July to March 2019(13.08.2018)

Central Board of Indirect Tax and Customs (CBIC) has notified the due dates for filing GSTR-1 for the taxpayers with the aggregate turnover of upto Rs.....

Tags : Goods and Services Tax

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Fertilizers Supplied for Use in Manufacture of Other Fertilizers Attract 5% GST: CBIC(13.08.2018)

Central Board of Indirect Taxes and Customs (CBIC) has clarified that the fertilizers supplied for direct use as fertilizers, or supplied for use in t.....

Tags : Goods and Services Tax

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Govt Notifies Due Dates for Filing GSTR 3B from July to March 2019(13.08.2018)

Central Government has notified that the Form GSTR 3B for each month from July 2018 to March 2019 required to be filed by 20th of next month.

Tags : Goods and Services Tax

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Madras High Court: Depreciation Allowable on Non-Competent Fee and Brand Equity(14.08.2018)

Madras High Court has held that depreciation under Section 32 of Income Tax Act, 1961 is allowable on the non-competent fee and brand equity.

Tags : Madras High Court, Income Tax

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No Tax Benefit to Industry If It Has No Control Over Manufacturing Process: Bombay HC(14.08.2018)

Bombay High Court has held that benefit of deduction under section 80-IB of Income Tax Act, 1961 cannot be given to an industry if it does not have an.....

Tags : Bombay High Court, Income Tax

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No Input Tax Credit on Goods Not Resold Within a Period of 6 Months: Bombay HC(14.08.2018)

Bombay High Court has held that no input tax credit can be claimed on goods not resold within a period of 6 months as is stipulated by the legislation.....

Tags : Bombay High Court, Input Tax

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Tenants Can Be Evicted for Not Paying Municipal Taxes: Supreme Court(14.08.2018)

Supreme Court has held that tenants in Bengal can be evicted by landlords if they are not paying municipal taxes under the Calcutta Municipal Corporat.....

Tags : Supreme Court, Tenants, Municipal Taxes

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Photography Services for Preparing Voters ID Card Not Subject to Service Tax: Calcutta HC(16.08.2018)

Calcutta High Court has held that photography services done by the agency while preparing Electoral Photo Identity Card (EPIC) would not be subject to.....

Tags : Calcutta High Court, Service Tax

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Sale of Study Materials by Coaching Centres Would Not Attract Service Tax: CESTAT(16.08.2018)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad bench has observed that sale of study materials by a registered coaching centre.....

Tags : CESTAT, Service Tax

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Bombay High Court: Income Tax from Foreign Company Rendered in India is Taxable(20.08.2018)

Bombay High Court has held that a company or individual who renders services to a foreign company in India and receives remuneration in foreign exchan.....

Tags : Bombay High Court, Income Tax

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Bombay High Court: Income Tax from Foreign Company Rendered in India is Taxable(20.08.2018)

Bombay High Court has held that a company or individual who renders services to a foreign company in India and receives remuneration in foreign exchan.....

Tags : Bombay High Court, Income Tax

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CBEC Releases Format for Filing Anti-Profiteering Application(07.12.2017)

Central Board of Excise and Customs has released the format for filing of Anti-Profiteering application under the Goods and Services Tax (GST) law.

Tags : Goods and Service Tax

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No TDS Since Roaming Charges Is Not Fee for Technical Services: ITAT, Chennai(07.12.2017)

Income Tax Appellate Tribunal (ITAT), Chennai has held that roaming charges cannot be considered as fee for technical services, hence there is no need.....

Tags : Income Tax

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No Sales Tax on Drugs, Med., Equipment Used in Course of Treatment at Hospital: Sales Tax Tribunal(18.12.2017)

Maharashtra Sales Tax Tribunal has ruled that no sales tax can be levied on drugs, medicines, stents and other goods used in the course of medical tre.....

Tags : Maharashtra Sales Tax Tribunal

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GST Council Clears E-Bill Mechanism For Transfer of Goods(18.12.2017)

GST Council has decided to implement the e-way bill mechanism throughout the country by June 1 after reviewing the readiness of IT network. Under the .....

Tags : Goods and Service Tax

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Kerala High Court Refuses Relief for ‘Glitches’ in E-Way Bill(23.08.2018)

Kerala High Court has refused to provide relief to a trader whose goods were detained by tax authorities due to incomplete e-Way bill.

Tags : Kerala High Court, Goods and Services Tax

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Supreme Court Fines Income Tax Department Rs 10 Lakh for 'Misleading' It(29.08.2018)

Supreme Court has imposed a fine of Rs 10 lakh on the Income Tax department for reportedly trying to mislead it.

Tags : Supreme Court, Income Tax

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Income Tax Dept Cautions Taxpayers to File Returns by 31st August, 2018(30.08.2018)

Income Tax Department has advised the taxpayers to file income tax returns by the deadline of 31st August 2018, the last date for persons whose accoun.....

Tags : Income Tax

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Govt. Extends Date for Filing of Income Tax Returns for Taxpayers in Kerala(30.08.2018)

Central Board of Direct Taxes (CBDT) has extended the due date for furnishing Income Tax Returns from 31st August, 2018 to 15th September, 2018 for al.....

Tags : Income Tax

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ITC Cannot be Granted If Registration of Selling Dealer was Cancelled: Kerala High Court(31.08.2018)

Kerala High Court has held that the Input Tax Credit cannot be granted to a dealer when the registration of the selling dealer was cancelled by the de.....

Tags : Kerala High Court, Input Tax

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Late Fee Can’t be Levied While Processing TDS Statement: ITAT, Cuttack(31.08.2018)

Income Tax Appellate Tribunal (ITAT), Cuttack has held that the late fee under Section 234E of the Income Tax Act cannot be levied while processing th.....

Tags : Income Tax, TDS

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"Not A Picnic Place": Supreme Court Slams Tax Department For Misleading It(04.09.2018)

Supreme Court has slammed the Income Tax department for making "misleading statement" about pendency of an appeal while making it clear that the top c.....

Tags : Supreme Court, Tax Department

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GST Annual Return Forms Notified(05.09.2018)

Finance Ministry has notified annual tax forms for normal tax payer (GSTR 9) and for composition tax payer (GSTR 9A) in which detailed information reg.....

Tags : annual tax forms, GST, GSTR 9, GSTR 9A

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‘Fashion Show’ is an ‘Entertainment’ And Hence Is Taxable: Karnataka High Court(06.09.2018)

Karnataka High Court has held that ‘fashion show’ falls within the expression ‘entertainment’ and is taxable under the provisions of Karnataka Enterta.....

Tags : Karnataka High Court, Tax

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CBDT Notifies Income Tax Exemption to Press Trust of India(06.09.2018)

Central Board of Direct Taxes (CBDT) has notified Income Tax Exemption to Press Trust of India.

Tags : Income Tax, Press Trust of India

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CBDT Notifies Rules to Determine Fair Market Value of Inventories Converted to Capital Asset(06.09.2018)

Central Board of Direct Taxes (CBDT) has notified the rules relating to the determination of Fair Market Value of inventories converted into capital a.....

Tags : Income Tax, Market Value

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No Wealth Tax Exemption for Mysuru’s Erstwhile Royal Family: Karnataka HC(07.09.2018)

Karnataka HC has held that 28-acre land at Palace Grounds, in custody of Mysuru’s erstwhile royal family is not exempted from Wealth Tax.

Tags : Karnataka High Court, Wealth Tax

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No Penalty Since Assessee Surrenders Income During Assessment Proceedings: ITAT(18.09.2018)

Delhi Bench of ITAT has held that penalty under Section 271AAA of Income Tax Act, 1961 cannot be levied if assessee surrendered the income during the .....

Tags : ITAT, Income Tax, Surrender of income

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Re-Assessment Can’t Be Done Merely Because Some Aspects of Deduction Claim Not Examined: Gujarat HC(26.09.2018)

Gujarat High Court has held that Re-Assessment under Section 147/ 148 of the Income Tax Act, 1961 cannot be re-opened merely on the ground that some a.....

Tags : Gujarat High Court, Assessment, Income Tax

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Company can Claim Income Tax Credits on Maintenance of Guest House, Training Hostels: AAR(16.10.2018)

Authority for Advance Ruling, Odisha has granted a ruling on entitlement to take credit of tax paid on various goods and services used for maintenance.....

Tags : AAR, Income Tax Credits

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Bring ‘Order and Discipline’ in Granting Refunds: Bombay High Court Directs Tax Deptartment(16.10.2018)

Bombay High Court has directed income tax department to bring some order and discipline to granting refunds and also clarified that it is the duty of .....

Tags : Bombay High Court, Refund, Tax Department

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Bombay HC to ASG: Find Out Exact Rate at Which Securities Transaction Tax Should be Collected(24.08.2018)

Bombay High Court has told the Additional Solicitor General (ASG) to take instructions from the Central Board of Direct Tax by August 28 on the exact .....

Tags : Bombay High Court, Additional Solicitor General, Central Board of Direct Tax, Securities Transaction Tax

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Government Extends GSTR-3B and GSTR-1 for Flood Affected Areas(27.08.2018)

Central Board of Indirect Taxes and Customs (CBIC) has extended the due dates for filing FORM GSTR-3B for the months of July, 2018 and August, 2018 fo.....

Tags : Goods and Services Tax

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No Interest Where No Liability Was Admitted Under UP Sales Tax Act: Allahabad High Court(27.08.2018)

Allahabad High Court has held that no interest can be levied under the U.P. Sales Tax Act where the assessee did not admit tax liability by paying the.....

Tags : Allahabad High Court, Sales Tax

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Protect Taxpayers' Money, Spend Judiciously: Madras High Court(03.10.2018)

Madras high court has said that powers under Constitution are provided to administrators to protect tax payers money and pointed out that tax payers m.....

Tags : Madras High Court, Taxpayer Money

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Tax Can’t be Levied Through a Circular Without Amending Relevant Notification: Allahabad HC(03.10.2018)

Allahabad High Court has held that the tax cannot be imposed by way of circular without making the amendment to the relevant notification.

Tags : Allahabad High Court, Relevant Notification, Tax

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SC Upholds Constitutional Validity of Goods and Services Tax (Compensation To States) Act, 2017(04.10.2018)

Supreme Court has upheld the Constitutional validity of Goods And Services Tax (Compensation To States) Act, 2017, as well as the Goods and Services T.....

Tags : Supreme Court, Goods and Services Tax (Compensation To States) Act, 2017

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CBDT Extends Due Date for Filing Income Tax Returns and Audit Reports to Oct 31st(09.10.2018)

Central Board of Direct Taxes (CBDT) has further extended due date for filing Income Tax Returns and Audit Reports to October 31st.

Tags : CBDT, Income Tax Returns

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Maharashtra City Taxi Scheme: Bombay High Court Gives Maharashtra Govt 2 months to Set Fare Bracket(31.01.2019)

Bombay High Court has given Maharashtra Government 2 months to set fare bracket for taxis & aggregator cabs like Ola & Uber.

Tags : Bombay High Court, Maharashtra City Taxi Scheme

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Maharashtra City Taxi Scheme: Bombay High Court Gives Maharashtra Govt 2 months to Set Fare Bracket(31.01.2019)

Bombay High Court has given Maharashtra Government 2 months to set fare bracket for taxis & aggregator cabs like Ola & Uber.

Tags : Bombay High Court, Maharashtra City Taxi Scheme

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#Budget2019: Full Tax Rebate for Those Earning Up to Rs. 5 Lakh(01.02.2019)

Finance Minister has announced that individual taxpayers with annual income up to Rs.5 lakh will get full tax rebate.

Tags : #Budget2019, Budget 2019, Full Tax Rebate for Those Earning Up to Rs. 5 Lakh

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#Budget2019: Government Increases Gratuity Limit to Rs. 30 Lakh(01.02.2019)

Union Finance Minister Piyush Goyal has announced increase in gratuity limit from Rs. 10 lakh to Rs. 30 lakh.

Tags : #Budget2019, Budget 2019, Full Tax Rebate for Those Earning Up to Rs. 5 Lakh

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Delhi High Court Upholds Powers of DGCEI on Investigating Service Tax Matters(19.11.2018)

Delhi High Court has upheld the powers of the Director General, Directorate General of Central Excise Intelligence ( DGCEI ) regarding the investigati.....

Tags : Delhi High Court, DGCEI, Service Tax Matter

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DGCEI Officers have Jurisdiction Over All Service Tax Assessees in Country: Delhi HC(23.11.2018)

Delhi High Court has ruled that the Central Excise Officers of Directorate General of Central Excise Intelligence (DGCEI) have jurisdiction all over I.....

Tags : Delhi High Court, DGCEI, Service Tax

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Construction of Houses for Slum People Under Govt Schemes not Subject to Service Tax: CESTAT(26.11.2018)

Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has held that the construction services provided to construct houses for slum people under a.....

Tags : CESTAT, Construction of Houses for Slum People, Service Tax

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No Service Tax on Sale/Purchase of Property on a Principal to Principal Basis: CESTAT(07.12.2018)

Customs, Excise and Service Tax AppellateTribunal (CESTAT), Delhi has held that there cannot be any service tax liability under the category “Real Est.....

Tags : CESTAT, Service Tax, Sale/Purchase of Property on a Principal to Principal Basis

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AAAR upholds Order confirming GST Levy on Brand Fee and Reimbursement Expenses(12.12.2018)

Appellate Authority of Advance Ruling (AAAR) while upholding the order of AAR held that brand owner is liable to pay 18 percent Goods and Services Tax.....

Tags : Appellate Authority of Advance Ruling, Goods and Services Tax

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Wife to Get Tax Exemption Even if Investment Made in Joint Name of Husband: ITAT(18.12.2018)

Income Tax Appellate Tribunal has ruled that assessee wife can claim exemption from tax liability under Section 54F of the Income Tax Act and observe.....

Tags : ITAT, Wife to Get Tax Exemption

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Vehicle Manufacturers/Dealers Liable to Pay Tax U/S 6 of Bihar Motor Vehicles Taxation Act: SC(20.12.2018)

Supreme Court has held that the manufacturers and dealers of vehicles are liable to pay additional tax under Section 6 of the Bihar Motor Vehicles Tax.....

Tags : Supreme Court, Bihar Motor Vehicles Taxation Act

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No Income Tax Deduction to Law Firm for Expenses Incurred for Pleasure Tour by Counsels: ITAT(08.01.2019)

Income Tax Appellate Tribunal (ITAT), Delhi, has held that no income tax deduction can be given to the law firm, Luthra & Luthra, for the expenses inc.....

Tags : ITAT, Income Tax Deduction to Law Firm,Pleasure Tour by Counsels

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Delhi High Court Dismisses PIL Seeking More Auto, Taxi Stands(15.01.2019)

Delhi High Court has dismissed a plea alleging that there were not sufficient taxi and auto rickshaw stands in the city and those available were "ille.....

Tags : Delhi High Court, Taxi Stands

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No Sales Tax to be Levied on Medicines and Surgical Tools Used in Medical Procedures: Kerala HC(21.01.2019)

Kerala High Court has ruled that medicines, implants and other materials used during procedures at hospitals do not constitute sale of goods, and henc.....

Tags : Kerala High Court, No Sales Tax to be Levied on Medicines and Surgical Tools

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Kerala High Court Stays GST on Tax Collected at Source on Cars(21.01.2019)

Kerala High Court has stayed imposition of goods and services tax (GST) on tax collected at source (TCS).

Tags : Kerala High Court, GST on Tax Collected at Source on Cars

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Mauritius, Singapore Investments Fully Taxable for Capital Gains(01.04.2019)

Capital Gains on investments made in India through companies in Mauritius and Singapore will become fully taxable from 1st April because of revisions .....

Tags : Capital Gains, Mauritius, Singapore Investments, Double-Taxation Avoidance Agreements (DTAAs)

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Federal Tax, State Tax and Disability Tax in USA Eligible for Credit Under Income Tax Act: ITAT(02.04.2019)

Income Tax Appellate Tribunal (ITAT), Hyderabad has held that the federal tax, state tax and medicare-cum-disability tax in USA is eligible for sectio.....

Tags : ITAT, Federal Tax, Disability Tax

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Madras HC Grants Status Quo on Kalaignar TV Tax Dispute Case(03.04.2019)

Madras High Court, in an interim relief to Kalaignar Television, has directed Income Tax department to maintain status quo on its arrears of tax deman.....

Tags : Madras High Court, Kalaignar TV Tax Dispute Case

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Section 50C can’t be Applied When Property Sold Under Pressure: ITAT(05.04.2019)

Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the provisions of Section 50C of the Income Tax Act, 1961 cannot be applied when the.....

Tags : ITAT, Chennai Bench, Section 50 C Income Tax Act

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CBDT Notifies Income Tax Return Forms for AY 2019-20(05.04.2019)

Central Board of Direct Taxes (CBDT) has notified the income tax return forms for the Assessment Year 2019-20.

Tags : CBDT, Income Tax Return Forms, AY 2019-2020

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Delhi HC Stays Notification Cancelling F Forms Issued by Dealers(08.04.2019)

Delhi High Court has stayed notification issued by the State Government cancelling form F issued by a dealer in Delhi and cancellation was under rule .....

Tags : Delhi High Court, Sales Tax, Form F

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Delhi HC Stays Notification Cancelling F Forms Issued by Dealers(08.04.2019)

Delhi High Court has stayed notification issued by the State Government cancelling form F issued by dealers in Delhi and cancellation was under rule 8.....

Tags : Delhi High Court, Sales Tax, Form F

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IT Law Doesn’t Bar Partners to Draw Remuneration from More than One Firms: ITAT(15.04.2019)

Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the income tax law does not prohibit a partner from drawing remuneration/ salary fro.....

Tags : Income Tax Appellate Tribunal, Remuneration, Partnership Firm

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Bombay HC Imposes Cost of Rs. 25,000 on Petitioner Challenging Municipal Tax on Mobile Towers(17.04.2019)

Bombay High Court has imposed a cost of Rs.25,000 on GTL Infrastructure Limited, a petitioner challenging demand notices issued with respect to munici.....

Tags : Bombay High Court, Municipal Tax, Mobile Towers

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ITC Available on Vehicles Supplied to Customers on Lease Rent Subject to Conditions: AAR(19.04.2019)

Authority for Advance Ruling (AAR), Madhya Pradesh has ruled that Input Tax Credit (ITC) is available on GST paid on vehicles provided to different cu.....

Tags : AAR, Input Tax Credit, Vehicles

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Income Tax Re-Assessment Notice to a Dead Person is Invalid: Bombay HC(23.04.2019)

Bombay High Court has held that income tax notice sent in the name of a dead person is invalid though the information regarding the death was not give.....

Tags : Bombay High Court, Income Tax Re-Assessment Notice, Dead Person

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No Input Tax Credit if GST Returns Not Filed: Telangana HC(23.04.2019)

Telangana High Court has ruled that no input tax credit (ITC) is available unless GST returns are filed and a taxpayer is liable to pay penalty on the.....

Tags : Telangana High Court, Input Tax Credit, GST Return

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CBDT Reiterates: PAN-Aadhaar Linkage Compulsory to File Income Tax Returns(25.04.2019)

Central Board of Direct Taxes (CBDT) has once again reiterated that the linking of Aadhaar with PAN Card is mandatory for filing income tax returns.

Tags : Central Board of Direct Taxes , PAN Card, Aadhar

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CBDT Reiterates: PAN-Aadhaar Linkage Compulsory to File Income Tax Returns(25.04.2019)

Central Board of Direct Taxes (CBDT) has once again reiterated that the linking of Aadhaar with PAN Card is mandatory for filing income tax returns.

Tags : Central Board of Direct Taxes , PAN Card, Aadhar

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Bombay HC to CBDT: Reconsider Its Proposal to Incentivise CIT (A) to Enhance Assessments(25.04.2019)

Bombay High Court has asked Central Board of Direct Taxes ( CBDT ) to reconsider its decision to incentivize the Commissioner of Income Tax (Appeals) .....

Tags : Central Board of Direct Taxes , Bombay High Court, Commissioner of Income Tax (Appeals)

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Bombay HC Struck Down Rules for Assessing Property Tax(25.04.2019)

Bombay High Court while upholding a decade-old law that changed how property tax in Mumbai is assessed has struck down three rules for assessment of c.....

Tags : Bombay High Court, property tax

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Bombay HC Scraps Three Rules for Assessing Property Tax(26.04.2019)

Bombay High Court has upheld a decade-old law that changed how property tax in Mumbai is assessed, but struck down three rules for assessment of capit.....

Tags : Bombay High Court, Property Tax

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Bombay HC Scraps Three Rules for Assessing Property Tax(26.04.2019)

Bombay High Court has upheld a decade-old law that changed how property tax in Mumbai is assessed, but struck down three rules for assessment of capit.....

Tags : Bombay High Court, Property Tax

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SC Stays Madras HC Judgment on TDS Liability of Christian Nuns & Missionaries(10.05.2019)

Supreme Court has stayed Madras HC judgment which had ruled that salaries received by missionaries and nuns of Catholic Church are liable to be subjec.....

Tags : Supreme Court, Tax Deduction at Source, IT Act, 1961, Section 192

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ITAT: Purchase of Land before Sale of Capital Asset ineligible for Deduction(10.05.2019)

Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under Section 54 of the Income Tax Act, 1961 cannot be availed in case o.....

Tags : Income Tax Appellate Tribunal, Section 54, Income Tax Act, 1961

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ITAT: Revisional Jurisdiction Can’t be Exercised on Issue not Covered in Re-Assessment(10.05.2019)

Income Tax Appellate Tribunal (ITAT) has held that Commissioner of Income Tax cannot invoke revisional jurisdiction under Section 263 of Income Tax Ac.....

Tags : Income Tax Appellate Tribunal, Section 263, Income Tax Act, 1961

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ITAT: Mistake Committed by Advocate is Reasonable Cause for Condonation of Delay(10.05.2019)

Income Tax Appellate Tribunal (ITAT) has held that the mistake committed by Advocate is a reasonable cause for condonation of delay in filing appeals.

Tags : Income Tax Appellate Tribunal, condonation of delay

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Service Tax Paid by Mistake Can’t be Refunded under Finance Act, 1994: CESTAT(10.05.2019)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that refund of the service tax paid by mistake cannot be processed under the Fina.....

Tags : Customs, Excise and Service Tax Appellate Tribunal, Finance Act, 1994

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Tax Benefit can be Availed on Multiple Flats' Sale, Says ITAT(12.02.2019)

Income Tax Appellate Tribunal (ITAT) has held that a taxpayer can avail of the tax benefits where long-term capital gains arising on sale of more than.....

Tags : ITAT, Tax Benefit can be Availed on Multiple Flats' Sale

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CIVIL - SC Sets Aside Bombay HC Order Penalising Senior Tax Official(08.03.2019)

Supreme Court has set aside an order by Bombay High Court that had imposed a fine on Deputy Commissioner of Income Tax (Mumbai) and made adversarial r.....

Tags : Supreme Court, Deputy Commissioner of Income Tax (Mumbai)

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DIRECT TAXATION - SC Sets Aside Bombay HC Order Penalising Senior Tax Official(08.03.2019)

Supreme Court has set aside an order by Bombay High Court that had imposed a fine on Deputy Commissioner of Income Tax (Mumbai) and made adversarial r.....

Tags : Supreme Court, Deputy Commissioner of Income Tax (Mumbai)

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GOODS AND SERVICES TAX - No GST on TCS Levied on Goods: CBIC(12.03.2019)

Central Board of Indirect Taxes (CBIC) has clarified that Goods and Services Taxes (GST) would not be applicable on Tax Collection at Source (TCS) lev.....

Tags : CBIC, GST, Tax Collection at Source

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DIRECT TAXATION - ITAT Shields Tax Relief on New House(15.03.2019)

Income-Tax Appellate Tribunal (ITAT), Mumbai bench has held that investment-linked capital gains tax exemption, available on purchase of a new house, .....

Tags : ITAT, Second House, Capital Gain, Tax Relief

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DIRECT TAXATION - Partners can’t be Taxed for Transaction Made by Firm: ITAT(18.03.2019)

Income Tax Appellate Tribunal ( ITAT ), Pune has held that the partners cannot be taxed for transaction made by the Firms.

Tags : ITAT, Partnership, Tax

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INSOLVENCY - I-T Department, Other Tax Agencies can Initiate Insolvency: NCLAT(22.03.2019)

National Company Law Appellate Tribunal (NCLAT) has held that Income Tax department of central government and other local authorities “who are entitle.....

Tags : NCLAT, Income Tax Department, Insolvency

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INSOLVENCY - I-T Department, Other Tax Agencies can Initiate Insolvency: NCLAT(22.03.2019)

National Company Law Appellate Tribunal (NCLAT) has held that Income Tax department of central government and other local authorities “who are entitle.....

Tags : NCLAT, Income Tax Department, Insolvency

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DIRECT TAXATION - Salary Recd. By Missionaries/Nuns Subject To TDS Under Section 192 of IT Act: Madras HC(25.03.2019)

Madras High Court has ruled that Canon Law does not bind Income Tax Act and so salaries received by missionaries and nuns of Catholic Church for teach.....

Tags : Madras High Court, Tax Deduction at Source, Section 192 of the Act

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DIRECT TAXATION - Bombay HC Grants Tax Relief to Karan Johar's Dharma Productions(26.03.2019)

Bombay High Court has granted tax relief to Karan Johar who heads Dharma Production by dismissing the appeal filed by the Income Tax department which .....

Tags : Bombay High Court, Karan Johar, Income Tax department

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DIRECT TAXATION - Addition for Unexplained Share Capital and Share Premium Can’t be Made Prior to 2013 Amendment: ITAT(27.03.2019)

Income Tax Appellate Tribunal (ITAT) has held that addition in respect of share capital and premium by treating the same as unexplained cannot be made.....

Tags : Income Tax Appellate Tribunal, ITAT, Income Tax Act, 1961

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DIRECT TAXATION - ITAT Rejects Fake Claim for Deduction of Rent Paid to Mother as Same Was an Afterthought(27.03.2019)

Income Tax Appellate Tribunal (ITAT) has disallowed a fake claim for deduction because it was established that the rent paid to mother was nothing, bu.....

Tags : Income Tax Appellate Tribunal, ITAT, Rent Deduction, false claim

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DIRECT TAXATION - Delay in Statutory Audit is Reasonable Cause for Delayed Filing of Tax Audit Report: ITAT(27.03.2019)

Income Tax Appellate Tribunal (ITAT) has held that the delay in completion of statutory audit can be a reasonable cause for delay in filing of the tax.....

Tags : Income Tax Appellate Tribunal, ITAT, statutory audit, tax audit report

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DIRECT TAXATION - Manufacture of Herbal Products Eligible for IT Deduction: Madras HC(28.03.2019)

Madras High Court has held that manufacture of the herbal products would be eligible for deduction under Section 80IA of the Income Tax Act, 1961.

Tags : Madras HC, 80IA of the Income Tax Act, 1961

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DIRECT TAXATION - ITAT: Mere Suspicion that Expenditure is for Non-Business Purposes Can’t be a Ground for Addition(28.03.2019)

Income Tax Appellate Tribunal (ITAT) has held that addition cannot be made merely on the ground that the expenditure is for non-business purposes.

Tags : Income Tax Appellate Tribunal, ITAT

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SERVICE TAX - Supplying Electricity to Occupants of Commercial Complex is subject to Service Tax: Calcutta HC(28.03.2019)

Calcutta HC has held that the transaction of obtaining high-tension electric and supplying it to occupants after converting it to low-tension supply a.....

Tags : Calcutta HC, Service Tax, Finance Act, 1994

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SALES TAX/VAT - State can Include Proceeds from Inter-State Sale in Turnover to Classify Dealers for Sales Tax: SC(29.03.2019)

Supreme Court has repelled challenge to constitutionality of Section 6B of Karnataka Sales Tax Act 1957 on ground that it permitted State to include p.....

Tags : Supreme Court, Karnataka Sales Tax Act 1957

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CBDT Extends Deadline for Filing of Income Tax Returns for J&K and Ladakh(26.12.2019)

Central Board of Direct Taxes has again extended the deadline for filing of all kinds of income tax returns to January 31, 2020, in the newly-created .....

Tags : CBDT, Income Tax Returns

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CBDT Extends Deadline for Compounding of Income Tax Offences(06.01.2020)

Central Board of Direct Taxes has extended the last date for taxpayers to avail a “one- time” facility to apply for compounding of income tax offences.....

Tags : CBDT, Income Tax Offences

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Central Board of Direct Taxes Notifies Changes in Income Tax Return Forms(06.01.2020)

Central Board of Direct Taxes has notified changes in Income Tax Returns Forms whereby individual taxpayers owning house property in joint ownership a.....

Tags : Central Board of Direct Taxes, Income Tax Return Forms

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Central Board of Indirect Taxes Directs DGFT to Tighten System for Accrediting Exporters(06.01.2020)

Central Board of Indirect Taxes has asked Director General of Foreign Trade to tighten its system used for accrediting exporters after investigations .....

Tags : Central Board of Direct Taxes, DGFT

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CESTAT: No Service Tax Would be Applicable on Value of Materials on Which Sales Tax is Already Paid(06.01.2020)

Customs Excise and Service Tax Appellate Tribunal, Chennai has held that the spare parts etc, which have been used in the course of maintenance servic.....

Tags : CESTAT, Service Tax

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Income Tax Appellate Tribunal, Bangalore: Delay in Furnishing Audit Reports is Mere Technical Breach(09.01.2020)

Income Tax Appellate Tribunal, Bangalore has held that the delay in furnishing audit reports results only in the technical venial breach which does no.....

Tags : Income Tax Appellate Tribunal, Audit Reports

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AAAR : No Goods and Services Tax Exemption to Agricultural Products from Foreign Markets(10.01.2020)

Appellate Authority of Advance Ruling has upheld the decision taken by the Authority of Advance Ruling- West Bengal that Goods and Services Tax Exempt.....

Tags : AAAR, Goods and Service Tax

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Customs, Excise & Service Tax Appellate Tribunal Mumbai Quashes Show Cause Notice Issued After 5 Year(10.01.2020)

Customs, Excise & Service Tax Appellate Tribunal Mumbai has set aside the order of the Commissioner of Appeals stating that show cause notice issued a.....

Tags : Customs, Excise & Service Tax Appellate Tribunal, Show-Cause Notice

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Central Board of Indirect Taxes and Customs Extends Waiver of Late Fee of All Pending Form GSTR-1(13.01.2020)

Central Board of Indirect Taxes and Customs has extended the waiver of late fee of all pending Form GSTR-1 from July 2017 to November 2019 till 17th J.....

Tags : Central Board of Indirect Taxes and Customs, Late Fee

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National Anti- Profiteering Authority: Builders Should Pass Benefit of Input Tax Credit to Buyers(13.01.2020)

National Anti- Profiteering Authority has held that if the builders have denied the benefit of Input Tax Credit to the buyers, then they are liable to.....

Tags : National Anti- Profiteering Authority, Input Tax Credit

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CESTAT: Service Tax Cannot be Levied on Remuneration for Sales Promotion(13.01.2020)

Customs Excise and Service Tax Appellate Tribunal, Allahabad has set aside the ruling of a Lower Tribunal and has held that if the entire remuneration.....

Tags : CESTAT, Service Tax

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AAR Tamil Nadu: Branch Eligible for Input Tax Credit for Goods and Services Tax Paid by Head Office(13.01.2020)

Appellate Authority for Advance Ruling, Tamil Nadu has held that the Input Tax Credit of tax paid by Head office for the furtherance of business would.....

Tags : AAR Tamil Nadu, Input Tax Credit

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AAR Tamil Nadu: Branch Eligible for Input Tax Credit for Goods and Services Tax Paid by Head Office(13.01.2020)

Appellate Authority for Advance Ruling, Tamil Nadu has held that the Input Tax Credit of tax paid by Head office for the furtherance of business would.....

Tags : AAR Tamil Nadu, Input Tax Credit

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AAAR: Head Office Adopting Value for Supply to Other Branches Outside State Eligible for ITC(14.01.2020)

Appellate Authority for Advance Ruling,Tamil Nadu has held that the Head office adopting the value for supply to other branches is eligible for Input .....

Tags : Appellate Authority for Advance Rulings, Input Tax Cedit

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CESTAT Hyderabad: Import of Multi-Functional Digital Copies Not Prohibited(15.01.2020)

Customs Excise and Service Tax Appellate Tribunal- Hyderabad has held that the importing of Multifunctional digital copies is not prohibited and there.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Import of Multi-Functional Digital Copies

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CESTAT Mumbai: Clearances to Special Economic Zones Developers is Export(15.01.2020)

Customs Excise & Service Tax Appellate Tribunal- Mumbai has ruled that the clearances made by the Appellant without payment of duty to Special Economi.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Special Economic Zones

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CESTAT Chennai: CA’s Certificate Certifying Tax Burden can be Considered as Evidence(15.01.2020)

Customs Excise and Service Tax Appellate Tribunal, Chennai has ruled that the Chartered Accountant’s Certificate that categorically certifies that the.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Chartered Accountant's Certification, Evidence

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Madras High Court: No Tax Deduction for Replacement of Machineries(15.01.2020)

Madras High Court has held that the replacement of the machineries as a whole cannot be held to be current repairs or allowable revenue expenditure.

Tags : Madras High Court, Tax Deduction, Replacement of Machineries

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Gujarat HC: Cricket Association Eligible for Tax Exemption for Income from International Matches(15.01.2020)

Gujarat High Court has upheld the order by the Income Tax Appellate Tribunal that Baroda Cricket Association engaging in international matches does no.....

Tags : Gujarat High Court, Tax Exemption, Cricket Association

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CESTAT Mumbai: Cleaning Service Provided Through Manpower Not Taxable Service(15.01.2020)

Customs Excise and Service Tax Appellate Tribunal- Mumbai has held that the company providing cleaning services through Manpower engaged by it were un.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Cleaning Service by Manpower

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Madhya Pradesh High Court Denies Bail Application to Goods and Service Tax Evader Worth Rs 60 Crores(15.01.2020)

Madhya Pradesh High Court has denied the Bail application filed by Goods and Service Tax Evader in connection with the crime which was registered with.....

Tags : Madhya Pradesh High Court, Goods and Services Tax

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Jharkhand High Court: No Denial of Input Tax Credit if Seller Defaults in Depositing Tax(16.01.2020)

Jharkhand High Court has held that Input Tax Credit cannot be denied for the Petitioner who had discharged all the tax liabilities and where it was no.....

Tags : Jharkhand High Court, Input Tax Credt

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CESTAT: No Vivisection in Service and Material Components of Contract is Composite Works Contract(16.01.2020)

Customs, Excise, and Service Tax Appellate Tribunal Hyderabad has held that where a contract cannot be vivisection between service component and mater.....

Tags : Customs, Excise, and Service Tax Appellate Tribunal, Composite Works Contract

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CESTAT Hyderabad: Service Tax Paid on GTA Services Available as Refund and Is Not Exempt(16.01.2020)

Customs, Excise, and Service Tax Appellate Tribunal Hyderabad has held that where the conditions for availing a refund of service tax on Goods Transpo.....

Tags : Customs, Excise, and Service Tax Appellate Tribunal, Goods Transport Agency Services, Service Tax

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AAR Kerala : Distributors Liable to Pay GST on Additional Discount Reimbursed(17.01.2020)

Authority for Advance Ruling, Kerala has ruled that the distributors are liable to pay Goods and Service Tax and are also eligible to avail Input Tax .....

Tags : Authority on Advance Ruling, Goods and Service Tax on Additional Discount Reimbursed

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ITAT Delhi: Exemption to Agricultural Lands Bought not for Business Purposes Allowed(17.01.2020)

Income Tax Appellate Tribunal, Delhi has allowed exemption on agricultural lands bought without an intention to purchase the land for any business pur.....

Tags : Income Tax Appellate Tribunal, Exemption on Agricultural Lands

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CESTAT: Refund of Unutilised Credit Can't Denied if Amount Voluntarily Debited/Credited in GSTR-3B(20.01.2020)

Customs Excise and Service Tax Appellate Tribunal, Mumbai has held that the refund of unutilized credit cannot be denied if the Assessee voluntarily d.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Refund of Unutilised Credit

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CESTAT, Kolkata: Service Tax Refund Can Be Claimed on Basis of Monthly Consolidated STTG Certificate(20.01.2020)

Customs Excise and Service Tax Appellate Tribunal has ruled that the Service Tax Refund can be claimed on the basis of monthly consolidated Service Ta.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Service Tax Refund

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Supreme Court Dismisses Appeal by Delhi Sales Tax Authorities(20.01.2020)

Supreme Court has dismissed an appeal by Delhi Sales Tax Authorities and upheld the final judgment and order passed by the Delhi High Court that sales.....

Tags : Supreme Court, Delhi Sales Tax Authorities

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Authority for Advance Ruling: Dealers Eligible for Input Tax Credit on Demo Cars(21.01.2020)

Authority for Advance Ruling, Maharashtra has held that input tax credit charged on inward supply of demo cars, which are used for demonstration purpo.....

Tags : Authority for Advance Ruling, Input Tax Credit on Demo Cars

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ITAT: Normal Business Advances Not in Nature of ‘Loan’ are Not Deemed Dividend(21.01.2020)

Income Tax Appellate Tribunal, Delhi has held that the transaction where advance is received in the normal course of business and which is not taken a.....

Tags : Income Tax Appellate Tribunal, Business Advances, Deemed Dividend

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CBIC Sets Deadline for Deactivation of Facility of Beneficiary Uploading Documents Through e-SANCHIT(22.01.2020)

Central Board of Indirect Taxes and Customs (CBIC) has said that the facility of beneficiary uploading the documents through e-SANCHIT will be deactiv.....

Tags : Central Board of Indirect Taxes and Customs, Deadline for Deactivation of Uploading Documents Through e-SANCHIT

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AAR: No ITC Available for Supply of Goods and Services for Civil Work and External Development Work(22.01.2020)

Authority for Advance Ruling (AAR), Rajasthan has held that Input Tax Credit (ITC) is not available for supply of goods and services which are used fo.....

Tags : Authority for Advance Ruling, Input Tax Credit on Supply of Goods and Services for Civil Work and External Development Work

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CESTAT: No denial of Credits to Recipient Even if Duty was Legally Not Payable by Supplier(23.01.2020)

Customs Excise and Service Tax Appellate Tribunal (CESTAT) has held that Input tax credits cannot be denied to the recipient even if the duty was lega.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Input Tax Credit to Recipient

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ITAT Erases Addition by TPO on Transaction of Rendering Marketing Services of Channel Placement Right(23.01.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has deleted the addition by Transfer Pricing Officer on the ground that the transaction of rendering mark.....

Tags : Income Tax Appellate Tribunal, Addition on Transaction of Rendering Marketing Services

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CESTAT: No Service Tax on ‘Club or Association Service’ if Received Amount Wholly Transmitted(23.01.2020)

Customs Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that the department cannot levy Service Tax on amounts received by the App.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Club or Association Service

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CESTAT: No Penalty Can be Imposed on Partners if Penalty Imposed on Partnership Firm(23.01.2020)

Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has held that when a penalty is imposed on a partnership firm, a penalty canno.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Penalty on Partners

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AAR: Input Tax Credits Can be claimed on Leased Goods Transport Vehicle(24.01.2020)

Authority for Advance Ruling (AAR), West Bengal has ruled that Input Tax Credits can be claimed in accordance with the law on the leased goods transpo.....

Tags : Authority for Advance Ruling, Input Tax Credit, Lease Goods Transport Vehicle

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CESTAT: IILM Business School Liable to Pay Service Tax on MBA, PGP Programme(27.01.2020)

Central Excise and Service Tax Tribunal (CESTAT), Ahmedabad has held that as the service provided by Institute for Integrated Learning in Management (.....

Tags : Customs Excise and Service Tax Appellate Tribunal, IILM Business School

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CESTAT: Mere Use of Word ‘Principle to Principle’ Basis Not Franchise Service, Not Taxable(27.01.2020)

Customs Excise and Services Tax Appellate Tribunal (CESTAT) has held that mere use of the word ‘principle to principle’ cannot be a basis for attracti.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Franchise Service

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Kerala High Court Rejects Plea by Income Tax Officer Charged for Leaking Informant's Identity(30.05.2019)

Kerala High Court has refused to quash the disciplinary proceedings initiated against an Income Tax officer for allegedly leaking the identity of an i.....

Tags : Kerala High Court, Income Tax Officer

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Income Tax Department Extends Deadline for Employers to Issue Form 16 and Form 24Q(05.06.2019)

Income Tax Department has extended the deadline for employers to issue Form 16 TDS certificate for financial year 2018-19 to its employees till July 1.....

Tags : Income Tax Department, Form 16, Form 24Q

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Delhi High Court: Books ‘Sulekh Sarita Parts I to V’ are Exempted from Goods and Services Tax(06.06.2019)

Delhi High Court has noted that the books ‘Sulekh Sarita Parts I to V’ are ‘Printed Books’ classifiable under ‘HSN 4901’ and not ‘Exercise Books’ unde.....

Tags : Delhi High Court, Goods and Services Tax

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AAR West Bengal: No Input Tax Credit on Motor Vehicles Bought for Rent-a-Cab Service(13.06.2019)

Authority for Advance Rulings (AAR), West Bengal has noted that the GST paid on the purchase of motor vehicles for supplying rent-a-cab service is not.....

Tags : AAR West Bengal, Input Tax Credit

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BHC: Financial Difficulties No Ground for Defence if Assessee Failed to Pay Service Tax(17.06.2019)

Bombay High Court (BHC) has held that the defense of financial difficulties cannot be invoked by the Assessee when the Assessee failed to remit the se.....

Tags : BHC, Service Tax

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Kerala High Court Rejects Income Tax Officers Request to Nullify Misconduct Proceedings(18.06.2019)

Kerala High Court has rejected a petition by the Commissioner of Income Tax (Appeals) wherein the officer pleaded to vacate the order of the Ernakulam.....

Tags : Kerala High Court, Income Tax Officers

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CESTAT: Distributors Not Responsible to Pay Service Tax on Recharge Coupons(18.06.2019)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Chennai has observed that service tax cannot be levied on recharge coupons received from D.....

Tags : CESTAT, Service Tax

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NAA to Builders: Flat Buyers Cannot Wait Endlessly to Receive Input Tax Credit(19.06.2019)

National Anti-Profiteering Authority (NAA) while dismissing a plea by a real estate developer has observed that since flats are sold in installments w.....

Tags : NAA, Input Tax Credit

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Madras HC Rejects Cognizant's Plea Challenging Rs 2,912 Crore Income Tax Demand(26.06.2019)

Madras High Court has dismissed information technology major Cognizant Technology Solutions plea of challenging the recovery proceedings initiated by .....

Tags : Madras High Court, dividend distribution tax, Cognizant Technology Solutions

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ITAT, Jaipur: Defect in Notice would invalidate Penalty Proceedings(26.06.2019)

Income Tax Appellate Tribunal (ITAT), Jaipur Bench has held that the defect in the notice issued by the income tax department would nullify the entire.....

Tags : Income Tax Appellate Tribunal, Invalidation of penalty proceedings

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Karnataka High Court: Input Tax Credit Cannot be Refused to Buyer if Seller Discharges Tax Liability(26.06.2019)

Karnataka High Court has noted that if the Assessee purchaser proves that the seller has already discharged the tax liability, then the Revenue cannot.....

Tags : Karnataka High Court, Input Tax Credit

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ITAT Delhi: Tax Exemption Cannot be Denied Merely Because One Donation in One Year is Doubtful(01.07.2019)

Income Tax Appellate Tribunal (ITAT) Delhi has ruled that the income tax exemption cannot be denied to a Trust merely because one donation in one yea.....

Tags : ITAT Delhi, Tax Exemption

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Union Budget, 2019 – Income Tax Rate Increases(05.07.2019)

Union Finance Minister Nirmala Sitharaman has increased the income tax rate to 3 % for those earning Rs 2 to 5 crore and to 7 % for those above Rs 5 c.....

Tags : Union Budget 2019, Income Tax Rate

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Union Budget, 2019: No Change in Income Tax Slabs(05.07.2019)

Union Finance Minister Nirmala Sitharaman has informed there is no change in the income tax slabs being followed currently.

Tags : Union Budget 2019, Income Tax

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Bombay High Court Rejects AAAR Order Denying Input Tax Credit on ‘Cash Carry’ Vans(17.07.2019)

Bombay High Court has set aside an order passed by the Maharashtra Appellate Authority for Advance Ruling for Goods and Services Tax (AAAR) on admissi.....

Tags : Bombay High Court, Input Tax Credit

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Income Tax Return Deadline for Financial Year 2018-19 Extended to August 31(24.07.2019)

Ministry of Finance has extended the deadline for filing income tax return for Financial Year 018-19 by individuals to August 31, 2019 from July 31, 2.....

Tags : Income Tax Return, Deadline

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Supreme Court: Plea Based on Equity/Hardship not Valid in Tax Cases(26.07.2019)

Supreme Court has ruled that in a tax statute a plea based on equity or hardship is legally unsustainable and the constitutional validity of taxing pr.....

Tags : Supreme Court, Tax Cases

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Toll Tax in Highways: Telangana High Court Directs Counsel to Produce List of Exempted Dignitaries(29.07.2019)

Telangana High Court while considering to grant an interim relief in connection with a writ petition filed by advocates D Vidyasagar and S Naresh has .....

Tags : Toll Tax, Telangana High Court

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Supreme Court Directs Centre to Take Steps to Regulate App-Based Taxi Providers(31.07.2019)

Supreme Court has directed Centre to take appropriate steps to regulate app-based taxi services like Ola and Uber in the country. The Court was hearin.....

Tags : Supreme Court, App-Based Tax

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Delhi High Court Displeased Over Wastage of Taxpayer Money to Remove Encroachers from Govt Land(01.08.2019)

Delhi High Court has directed the Centre to initiate prosecution against the CPWD officers who allowed the encroachment to go on since 1977 thereby ex.....

Tags : Delhi High Court, Taxpayer Money

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Bombay High Court: Interest from Motor Accident Compensation not Subject to Income Tax(12.08.2019)

Bombay High Court has ruled that the income tax should not have been deducted from the interest on the motor accident compensation awarded by the cour.....

Tags : Bombay High Court, Income Tax

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President Promulgates Taxation Laws (Amendment) Ordinance, 2019(23.09.2019)

President has promulgated the Taxation Laws (Amendment) Ordinance 2019 to bring into effect the slew of corporate tax rate cuts announce by the Govern.....

Tags : President, Taxation Laws (Amendment) Ordinance, 2019

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CBDT Notifies New Depreciation Rates on Vehicles Purchased Between 23.08. 2019 to 31.03.2020(24.09.2019)

Central Board of Direct Taxes(CBDT) has notified new depreciation rates of 30% and 45% on vehicles purchased between 23.08.2019 to 31.03.2020. The rat.....

Tags : Central Board of Direct Taxes, CBDT, New Depreciation Rates

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Demonetisation Cases: Central Board of Direct Taxes Extends Taxman's Deadline to December 31(27.09.2019)

Central Board of Direct Taxes has extended the deadline up to December 31 for the Income-Tax department to complete the final assessment of about 87,0.....

Tags : Central Board of Direct Taxes, Demonetisation Cases

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Telangana HC Directs Regional Transport Authority to Not to Demand Additional Life Tax on New Vehicle(31.10.2019)

Telangana HC has observed that State cannot be allowed to levy life tax on the ex-showroom price shown in the price list, when it is not the actual co.....

Tags : Telangana HC, life tax

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CBDT Extends Due Date for Filing of IT Returns/Tax Audit Reports in Union Territories of J&K, Ladakh(01.11.2019)

Central Board of Direct Taxes (CBDT) has extended due date for filing of Income Tax Returns / Tax Audit Reports to 30th November, 2019 in respect of U.....

Tags : Central Board of Direct Taxes, CBDT,

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Adoption Fees Received From Adoptive Parents by Trust Exempted From GST: AAR Maharashtra(01.11.2019)

Authority of Advance Ruling (AAR), Maharashtra has ruled that, Goods and Services Tax (GST) is exempted on Adoption Fees received from Adoptive parent.....

Tags : Authority of Advance Ruling, Goods and Services Tax, Adoption Fees

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CBIC Notifies Jurisdiction of Jammu Commissionerate Over UT of J&K and Ladakh(04.11.2019)

Central Board of Indirect Taxes and Customs (CBIC) has notified Jurisdiction of Jammu Commissionerate over Union Territory of Jammu & Kashmir and Unio.....

Tags : Central Board of Indirect Taxes and Customs, Union Territory of Jammu & Kashmir, Union Territory of Ladakh, CBIC

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Government Notifies E-Assessment Scheme 2019 for Faceless Scrutiny of Income Tax Return(16.09.2019)

Central Government has notified that the E-assessment Scheme, 2019 that aims to completely eliminate the interactions between the tax authorities and .....

Tags : E-Assessment Scheme 2019, Income Tax Return

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Gujarat High Court Slams Sales Tax Authority on Grounds of Revenue Collection from Private Firm(21.08.2019)

Gujarat High Court has slammed Sales Tax Authority for collecting revenue from a private firm Micromax Informatics Limited. The High Court has termed .....

Tags : Gujarat High Court, Sales Tax Authority

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AAR: Input Tax Credit Allowable on Debt Settlement(22.05.2019)

AAR West Bengal has held that the companies are eligible to claim the input tax credit even if the liability to pay for inputs between them, including.....

Tags : AAR, Input Tax Credit

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CESTAT, Mumbai Upholds Excise Duty Demand Against Cadbury(17.02.2020)

Custom, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai has held that ‘milk crumb’ is marketable and hence Cadbury is liable to pay excise du.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Cadbury

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ITAT, Cochin: Financial Crisis and Labour Unrest Sufficient Reasons to Condone Delay in Filing Appeal(18.02.2020)

Income Tax Appellate Tribunal (ITAT), Cochin has held that the reasons such as financial crisis and labour unrest are enough grounds for condoning the.....

Tags : Income Tax Appellate Tribunal, Condone Delay in Filing Appeal

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CESTAT, New Delhi: Importer Not Obliged to Pay Any Amount on Advertisement and Sale Promotion(18.02.2020)

Custom, Excise, and Service Tax Appellate Tribunal (CESTAT), New Delhi has held that the expenditure incurred on the activities of advertisement and s.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Advertisement and Sale Promotion

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ITAT, Bangalore: Royal Challengers Eligible for Tax Deduction for Contribution(18.02.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has allowed tax deduction to Royal Challengers Sports Pvt. Ltd. on its contribution of Rs. 15 Crores t.....

Tags : Income Tax Appellate Tribunal, Tax Deduction for Contribution, Royal Challengers

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Telangana High Court: Summoning Income Tax Returns Does Not Violate Right to Privacy(18.02.2020)

Telangana High Court has held that a direction to produce income tax returns in Court will not violate the right to privacy under Article 21 of the Co.....

Tags : Telangana High Court, Summoning Income Tax Returns

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ITAT, Delhi: License Fee Paid to Indian Railway Allowable as Depreciation(18.02.2020)

Income Tax Appellate Tribunal (ITAT), Delhi has held that depreciation under section 32 of the Income Tax Act, 1961 is allowable in respect of the amo.....

Tags : Income Tax Appellate Tribunal, License Fee Paid to Indian Railway

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ITAT, Ahmedabad Imposes Penalty on Assessee for Delay in Filing Appeal and Non-Appearance(18.02.2020)

Income Tax Appellate Tribunal (ITAT), Ahmedabad has imposed a penalty of Rs. 5000 on an Assessee on the grounds of a delay of 358 days in filing an ap.....

Tags : Income Tax Appellate Tribunal, Penalty on Assessee for Delay in Filing Appeal

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ITAT, Pune: License Fees for Use of Industrial Parks Assessable as ‘Business Income’(18.02.2020)

Income Tax Appellate Tribunal (ITAT), Pune has recently held that the license fees received for the use of Industrial Parks should be assessed as busi.....

Tags : Income Tax Appellate Tribunal, License Fees for Use of Industrial Parks

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ITAT, Bangalore: Belated Payment of Service Tax Collected Can be Allowed on Actual Payment(18.02.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has held that belated paid service tax collected to Government exchequer can be allowed on actual paym.....

Tags : Income Tax Appellate Tribunal, Belated Payment of Service Tax

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ITAT, Mumbai: Penalty Cannot be Levied for Genuine Omissions in Income Tax Returns(19.02.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that genuine omissions must be excluded from the levy of penalty under Section 271 (1) (a) of th.....

Tags : Income Tax Appellate Tribunal, Genuine Omissions in Income Tax Returns

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Sales Tax Tribunal, Mumbai: 4% Tax Levied on Turnover of Sales in Respect of Charter Hire of Vessels(19.02.2020)

Sales Tax Tribunal, Mumbai has held that the levy of tax on the turnover of sales in respect of the charter hire of Vessels is confirmed and has to be.....

Tags : Sales Tax Tribunal, Charter Hire of Vessels

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CESTAT, Chennai Allows Excise Duty Exemption to Pepsico on ‘Nimbooz’(19.02.2020)

Customs Excise and Service Tax Appellate Tribunal (CESTAT ), Chennai has observed that the brand ‘Nimbooz’ is not lemonade and allowed excise duty exe.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Nimbooz, Pepsico

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Tripura HC Orders Govt. to Grant Reimbursement as per Tripura Industrial Investment Promotion Scheme(19.02.2020)

Tripura High Court has directed the State Government to grant reimbursement of Value Added Tax as per the Tripura Industrial Investment Promotion Ince.....

Tags : Tripura High Court, Reimbursement of Value Added Tax

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ITAT, Bangalore Extends Stay Period for Google India Due to Delay in Disposal of Appeal(19.02.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has granted an extension of stay period to Google India citing a reason for the delay in non-disposal .....

Tags : Income Tax Appellate Tribunal, Google India

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CESTAT, Mumbai: Cenvat Credit Permissible on Renting Premises Outside Manufacturing Factory Unit(19.02.2020)

Customs Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that Cenvat Credit is permissible on renting of premises outside the manuf.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Cenvat Credit Permissible on Renting Premises

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ITAT, Mumbai: Society Imparting Training to State Govt. Employees Eligible for Tax Exemption(19.02.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the society formed to impart training to the State Government employees is eligible for inc.....

Tags : Income Tax Appellate Tribunal, Society Imparting Training to State Govt. Employees

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Gujarat High Court Issues Notice Over Input Tax Credit on Gifts(20.02.2020)

Gujarat High Court has issued notices to the Centre, State Government, Goods and Services Tax Council and Indirect Tax Board in a case related to the .....

Tags : Gujarat High Court, Input Tax Credit on Gifts

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CESTAT, Mumbai: Application for Compounding of Offence Can Not be Rejected on Technical Grounds(20.02.2020)

Custom, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai has held that the purpose of compounding of offence against the payment of compoundin.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Application for Compounding of Offence

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Madras High Court: E- Assessments Alone by Income Tax Department Can Lead to Erroneous Assessments(24.02.2020)

Madras High Court has stated that the e-proceedings facility provided by the income tax department from 2017-18 can lead to erroneous assessments as o.....

Tags : Madras High Court, E- Assessments by Income Tax Department

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CESTAT, Mumbai: Cenvat Credit Not Admissible on Goods Transport Agency Services(24.02.2020)

Central Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that Cenvat credit is not admissible on Goods Transport Agency services us.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Cenvat Credit, Goods Transport Agency Services

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CESTAT, Bangalore: Collection of Contribution to Build Corpus Fund Liable to Pay Service Tax(24.02.2020)

Customs Excise & Service Tax Appellate Tribunal (CESTAT), Bangalore has held that the collection of contribution to building a corpus fund to secure t.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Collection of Contribution to Build Corpus Fund

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CESTAT, Chennai: No Denial of Refund of Cenvat Credit for Premises Being Unregistered(24.02.2020)

Customs Excise and Service Tax Appellate Tribunal (CESTAT), Chennai has held that the refund of input Cenvat credit cannot be denied for the reasons o.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Denial of Refund of Cenvat Credit

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ITAT, Mumbai: Interest on Investments in Co-operative Bank Eligible for Deduction(24.02.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the interest income earned by a co-operative society on its investments held with a co-oper.....

Tags : Income Tax Appellate Tribunal, Interest on Investments in Co-operative Bank

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ITAT Mumbai Allows Depreciation on Goodwill Resulting from Acquisition of Business Unit(28.01.2020)

Income Tax Appellate Tribunal (ITAT) Mumbai has allowed depreciation on goodwill resulting from the acquisition of Business Unit of Lee & Muirhead Pvt.....

Tags : Income Tax Appellate Tribunal, Depreciation on Goodwill

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ITAT Cuttack: Non-Availability of PAN of Deductee Cannot be Used to Escape from Filing TDS(28.01.2020)

Income Tax Appellate Tribunal (ITAT), Cuttack has held that the non-availability of a Permanent Account Number (PAN) of the deductee is not an excuse .....

Tags : Income Tax Appellate Tribunal, Non- Availability of PAN, Filing of TDS

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Madras High Court: No Service Tax on Notice Pay Recovery by Employer from Employee(30.01.2020)

Madras High Court has ruled that the amount received by an employee from the employer on premature termination of the contract or notice pay recovery .....

Tags : Madras High Court, Service Tax on Notice Pay Recovery

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ITAT, Pune Allows Claim for Set-off of Loss by Husband Invested in Wife’s Business(30.01.2020)

Income Tax Appellate Tribunal, Pune has held that the wife’s separate income can be clubbed into husbands total income and in the case of any loss inc.....

Tags : Income Tax Appellate Tribunal, Clubbing of Husband and Wife's Incomes

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ITAT, Mumbai: Dividend Derived from Shares Held as Stock in Trade Cannot be Disallowed(31.01.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the dividend which is derived from the Shares which are ‘stock in shares’ will not be compu.....

Tags : Income Tax Appellate Tribunal, Dividend Derived from Shares Held as Stock in Trade

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Gujarat HC: To Compound Tax Evasion Offences, Assessee Should Pay Whole Tax Amount Evaded(31.01.2020)

Gujarat High Court has held that 100% of the tax sought to be evaded is to be paid for compounding of a tax evasion offences under Section 276C (1) of.....

Tags : Gujarat High Court, Compounding of Tax Evasion Offence

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CESTAT, New Delhi: No Service Tax on Charging License Fee for Quick Heal Antivirus Software(31.01.2020)

Customs Excise Service Tax Appellate Tribunal (CESTAT), New Delhi has held that the Quick Heal Antivirus software is deemed goods but whether the tran.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Service Tax on Charging License Fee, Quick Heal

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ITAT, Delhi: No TDS on Payment of External Development Charges Not Made Out of Statutory Liability(31.01.2020)

Income Tax Appellate Tribunal (ITAT), Delhi has held that the Assessee is not required to deduct Tax Deducted at Source (TDS) as the payment of Extern.....

Tags : Income Tax Appellate Tribunal, TDS on Payment of External Development Charges

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#Union Budget 2020-2021: Corporate Tax Reduced for Existing Companies(01.02.2020)

Finance Minister stated that the Corporate tax for existing companies has been slashed to 22%.

Tags : Union Budget 2020-2021, Corporate Tax

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#Union Budget 2020-2021: Simplied Personal Income Tax Regime Introduced(01.02.2020)

Central Government has introduced a new simplified personal income tax regime. The same is as follows (i)Individual to pay tax 10% for income Rs. 5 to.....

Tags : Union Budget, Personal Income Tax Regime

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Gauhati HC Directs Centre to Decide on Representations Seeking Time Extension for Filing GSTR Forms(05.02.2020)

Gauhati High Court has directed the Union of India to decide within a week the representations filed by All India Federation of Tax Practitioners and .....

Tags : Gauhati High Court, Filing of Goods and Service Tax Forms

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CESTAT, Mumbai: ‘Casino Vessels’ Classifiable as ‘Passenger Ship’ and Not ‘Pleasure Boats’(05.02.2020)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that ‘casino vessels’ could not be classified as ‘pleasure boats’. The Co.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Casino Vessels

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ITAT, Bangalore: Capital Gain Deduction Allowable for House Purchased Outside India(05.02.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has allowed a claim of deduction under Section 54/54F of the Income Tax Act, 1961 on a house purchased.....

Tags : Income Tax Appellate Tribunal, Capital Gain Deduction on House Purchased Outside India

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ITAT, Bangalore: No Disallowance of Interest Expenses on Account of Non-Deduction of TDS(12.02.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has held that there should be no disallowance of interest expenses on account of non- deduction of Tax.....

Tags : Income Tax Appellate Tribunal, No Disallowance of Interest Expenses

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ITAT, Chennai Disallows Deduction Claim on Receipts from Carbon Credit(12.02.2020)

Income Tax Appellate Tribunal (ITAT), Chennai has held that the receipts from the sale of the carbon credit are liable to be treated as the capital re.....

Tags : Income Tax Appellate Tribunal, Deduction Claim on Receipts from Carbon Credit

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Madras High Court: Error in Short-Levy of Service Tax Can be Ratified by Assessee(13.02.2020)

Madras High Court has held that in the case of an error in short-levy of service tax, for the purposes of ratifying, the Assessee is left with two opt.....

Tags : Madras High Court, Short-Levy of Service Tax

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CESTAT, Ahmedabad: ‘Bulk Milk Coolers’ of Co-Op Societies for Storage, Eligible for Duty Exemption(13.02.2020)

Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad has held that Bulk Milk Coolers that are manufactured and supplied to various Co-.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Bulk Milk Coolers

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ITAT, Kolkata Quashes Re-Assessment Proceedings Against Price Waterhouse & Co.(13.02.2020)

Income Tax Appellate Tribunal (ITAT), Kolkata has quashed the re-assessment proceedings against Price Waterhouse & Co. and held that to reopen the ass.....

Tags : Income Tax Appellate Tribunal, Re-Assessment Proceedings Against Price Waterhouse & Co.

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ITAT, Delhi: Pre-Operative Expenses Cannot be Allowed as Business Expense(14.02.2020)

Income Tax Appellate Tribunal (ITAT), Delhi has held that the expenses which are incurred before the operation of a company are called preoperative ex.....

Tags : Income Tax Appellate Tribunal, Pre-Operative Expenses

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Telangana High Court Directs to Refund Service Tax Collected on Purchase of Immovable Property(14.02.2020)

Telangana High Court has held that service tax does not apply to the purchase of immovable property including an undivided share of land, directing a .....

Tags : Telangana High Court, Refund of Service Tax

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ITAT, Ahmedabad: Letting Out of Property and Furniture for Film Exhibition is Business Activity(14.02.2020)

Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that the income received from Film Exhibition Business that has been leased out to another pa.....

Tags : Income Tax Appellate Tribunal, Letting Out of Property and Furniture for Film Exhibition

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CESTAT, New Delhi: Third Party Agency to Pay Service Tax on Collection of Parking Fees in Malls(14.02.2020)

Customs Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi has held that the right to collect parking fees given by the mall owners is a co.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Collection of Parking Fees in Malls

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CBDT Notifies Forms for Firms to Avail Lower Corporate Taxes(17.02.2020)

Central Board of Direct Taxes (CBDT) has notified Forms 10-IC and 10-ID for existing companies that want to avail lower Income Tax rates and new manuf.....

Tags : Central Board of Direct Taxes, Forms for Firms to Avail Lower Corporate Taxes

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Apex Court: For Sales Tax on Transfer of Right to Use Goods, Place of Contract is Relevant(09.12.2019)

Apex Court has clarified that for the purposes of levy of sales tax the place of the contract for transfer of right to use of goods is relevant than t.....

Tags : Apex Court, Sales Tax

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Gujarat High Court Issues Notice to Centre Over Input Tax Credit Denial to Restaurants(19.11.2019)

Gujarat High Court has issued a notice to the Centre seeking to know why the option of input tax credit under Goods and Services Tax regime is not ava.....

Tags : Gujarat High Court, Input Tax Credit

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Lok Sabha Passes Taxation Laws (Amendment) Bill, 2019(03.12.2019)

Lok Sabha has passed a Bill to replace an Ordinance for effecting reduction of corporate tax rates. The Taxation Laws (Amendment) Bill, 2019 will amen.....

Tags : Lok Sabha, Taxation Laws (Amendment) Bill, 2019

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Rajya Sabha Passes Taxation Laws (Amendment) Bill, 2019(06.12.2019)

Rajya Sabha has cleared the Taxation Laws (Amendment) Bill, 2019, replacing an Ordinance that was used to slash corporate tax rates to stimulate growt.....

Tags : Rajya Sabha, Taxation Laws (Amendment) Bill, 2019

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International Cases

Payment by employer to tax consultants to render assistance to expatriate employees is taxable ‘benefit or advantage’ as contemplated in the definition of ‘gross income’(06.09.2019)

The Appellant, BMW South Africa (Pty) Ltd (BMWSA), is part of the BMW Group (the Group) that manufactures and markets BMW vehicles and conducts worldw.....

Tags : Payment, Tax Consultant, Assessment, Legality

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A treaty is binding upon each party in respect of its entire territory unless a different intention is expressed(16.10.2019)

The Appellants in present case are the executors of Mrs Beryl Coulter, who died in Jersey on 9 October 2007, leaving her residuary estate on trust for.....

Tags : Inheritance tax, Relief, Entitlement

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Top Story

Government raises monetary limit for filling appeals relating to tax cases(11.07.2018)

In order to reduce litigation in both direct and indirect tax matters, the Central Government raises monetary limit for filling appeals by the Departm.....

Tags : Tax matters, Filing, Limits

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Lok Sabha Passes the Taxation Laws (Second Amendment) Bill, 2016(28.11.2016)

After the demonetization drive of discontinuing old 500 and 1000 rupees note, the central government has introduced the Taxation Laws (Second Amendm.....

Tags : Bill, Taxation laws, Amendment

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Claiming time of essence in property sale? Prove it!(16.02.2016)

Bangalore High Court set a high threshold for claims that time was of the essence in a contract for sale of immovable property. Onus, however, was pla.....

Tags : reasonable, time of essence, immovable property, sale, income tax clearance

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Cabinet approves protocol amending convention between India and Brazil for avoidance of double taxation(06.11.2019)

The Union Cabinet Chaired by the Prime Minister approved the signing of the Protocol amending the Convention between India and Brazil for the avoidanc.....

Tags : Convention, Approval, Double Taxation

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Government brings Taxation Laws (Amendment) Ordinance, 2019 slashing corporate tax rates to boost investment(20.09.2019)

In order to make certain amendments in the Income-tax Act, 1961 and the Finance Act, 2019, the Government has brought in the Taxation Laws (Amendment).....

Tags : Ordinance, Corporate tax, Reduction

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Central Government’s Last Budget Showers Benefits To Tax Payers Aiming Upcoming Elections(01.02.2019)

The Finance Minister Shri Piyush Goyal presented an interim budget in Parliament on Friday and announced numbers of benefits to the people. Aimed at u.....

Tags : Budget, Benefit, Tax-payers

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Parliament Passes Taxation (Amendment) Bill, 2019 Replacing the Ordinance Promulgated by President in September, 2019(05.12.2019)

Rajya Sabha has cleared the Taxation Laws (Amendment) Bill, 2019, replacing an Ordinance that was used to slash corporate tax rates to stimulate growt.....

Tags : Bill, Clearance, Corporate tax rate, Slashing of

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Interest on delayed GST payment will now be calculated on net tax liability(15.02.2020)

The Central Board of Indirect Taxes and Customs (CBIC) released a statement clarifying that, interest payable on delayed payment of GST will be calcul.....

Tags : Tax liability, Interest, Delayed payment

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Others

Parameters for Splitting of GST Revenue Between Centre and States(11.08.2015)

Under the proposed General Sales Tax regime, the Centre would levy and collect Central Goods and Services Tax, and States would levy and collect the S.....

Tags : general sales tax, levy, apportion

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Tax Benefits to notified backward areas in Bihar(19.08.2015)

The Income Tax Act, 1961 has been amended by the Finance Act 2015 providing tax benefits to notified backward areas in Bihar, to give these areas an o.....

Tags : Bihar, backward area, tax benefit

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