Reimbursable Expenses are not includible in the taxable value of the Service: CESTAT
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that reimbursable expenses are not…
Month: April 2023
Mattresses supplied to school hostels not exempt from GST: Tamil Nadu AAR
The supply of mattresses by a company in Tamil Nadu to school hostels in other states is not exempt from…
New facility to verify document Reference Number (RFN) mentioned on offline communications issued by State GST authorities
28/04/2023 1. The GST portal (“System”) generates various documents, such as notices/ orders, etc which are communicated to the taxpayer.…
Taxmen issuing notices to insurers for availing tax credit on fake invoices
GST officers have started sending notices to over a dozen insurance companies for availing input tax credit on the basis…
Supreme Court ruling on Income Tax searches big relief to taxpayers
The Supreme Court has held that the income tax (I-T) department cannot reopen completed assessments under the Section 153A of…
Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Direct Taxes
Inter alia, the Finance Minister reviewed the following subjects: During the review meeting, the Finance Minister was apprised about the…
Tax trouble: GST authorities quiz auto dealers on fake invoicing
Expanding investigation into allegedly wrongful claims of input tax credit by insurance companies, the tax authorities are probing a section…
GST collections expected to break all records in April 2023
According to sources, GST collection in the month of April 2023 are expected to break all previous records. More than…
Free E-Book on GST All Circulars, Instructions & Guidelines and ROD (Removal of Difficulties Orders)
Book title “E-Book on GST containing all circulars, instructions & guidelines and removal of difficulties orders” has been compiled by…
GST Act (s) and Rule (s) Bare Law
GST & Indirect Committee of The Institute of Chartered Accountants of India, New Delhi has published the “GST Act (s)…