Appeal filed offline cannot be denied on technical grounds
The Hon’ble Allahabad Court in M/s. Yash Kothari Public Charitable Trust v. the State of U.P and Ors. [Writ Tax…
Month: February 2023
Assessee entitled to refund of unutilized Cenvat credit of Education and S&H Education Cess
The CESTAT, Ahmedabad in USV Private Limited v. Commissioner of Central Excise & ST, Daman [Final Order No. A/10198/2023 dated…
Next big agenda is adding more tax payers: CBIC chairman
Beefing up the taxpayer roll is the next big task for the Central Board of Indirect Taxes and Customs (CBIC),…
CBIC to come out with clarificatory circular on ITC for CSR, change unlikely in budget provision
Companies are unlikely to see any relaxation in the budget provision related with no ITC (Input Tax Credit) for CSR…
Fitment panel to discuss cement GST reduction
A committee of central and state officers that reviews Goods and Services Tax (GST) rates will look into suggestions for…
GST compensation: West Bengal says Centre owes it over Rs 2,400 crore
The West Bengal government has said the Centre owes it Rs 2,409.96 crore as GST compensation, “disagreeing” with Union Finance…
Direct Tax Collections for F.Y. 2022-23 at Rs.15.67 lakh crore; 24.09% higher than gross collections
The provisional figures of Direct Tax collections up to 10th February, 2023 continue to register steady growth. Direct Tax collections…
New Tax Regime Will Leave Higher Disposable Income: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Friday said the new tax regime will leave higher disposable income in the hands…
Finance Minister Nirmala Sitharaman explains rationale of new income tax regime
Finance Minister Nirmala Sitharaman today said that Budget proposals under the new income tax regime will leave more money in…
Karnataka collected record GST of Rs 6,085 cr in January
Karnataka CM Basavaraj S Bommai tweeted as “A record collection of 6085 crore has been made under GST this month.…