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GST Article

Interest not to be levied when delay in remitting tax is caused due to technical issues on GST Portal

The Hon’ble Kerala High Court in the case of M/s. Hilton Garden Inn v. Commissioner of Kerala Goods and Service ...

Lessor is liable to pay GST on forward charge basis when the residential property is rented out for commercial purpose

The AAR, Rajasthan in the case of In Re: M/s. Deepak Jain [Advance Ruling No. RAJ/AAR/2023-24/14 dated November 29, 2023] ...

Order liable to be set aside due to technical issues in GST Portal

The Hon’ble Madras High Court in the case of East Coast Constructions and Industries Ltd. v. Assistant Commissioner [W.P. No ...

High Court has the power to reduce or waive the amount of pre-deposit

The Hon’ble Punjab and Haryana High Court in the case of M/s. Shiva TexFabs Ltd. v. State of Punjab and ...

GST in Media

Apollo Tyres gets Rs 2.06 crore tax demand from Tamil Nadu officials

Apollo Tyres Ltd on Tuesday said it has received tax demand and penalty of Rs 2.06 crore from GST authority in Tamil Nadu over availing of input tax credit and other issues. The Deputy Commissioner (CT), Tamil Nadu has passed an order under GST Act demanding GST and levying consequential ...

Insurers to breathe easy as GST may be lifted from reinsurance after elections

The insurance sector is likely to see a breather from tax burden with the GST Council set to review an exemption for reinsurance after the elections, Moneycontrol has learnt. In its attempt to not disrupt the insurance industry practices, the Goods and Services Tax (GST) Council may issue a clarification ...

Income Tax in Media

CBDT issued refunds from April 01, 2021 to March 20, 2022

As per the recent tweet of Income Tax India, the Central Board of Direct Taxes (“CBDT”) has issued refunds of ...

28/03/2022 / Income Tax in Media, Refund

People see future in crypto, govt sees source of tax revenue: FM Sitharaman

Finance Minister Nirmala Sitharaman said Tuesday she sees possibility of tax revenue generation for the government from crypto assets, days ...

08/03/2022 / Crypto currency, Income Tax in Media

Income Tax Department conducts searches in a major Telecom Group

The Income Tax Department conducted search & seizure operations on a multinational group, engaged in distribution of telecom products and ...

03/03/2022 / Income Tax in Media, Press Release, Search

Income Tax Department conducts searches in Mumbai

The Income Tax Department carried out search and seizure operations on 25.02.2022 on certain contractors executing contracts of Brihanmumbai Municipal ...

03/03/2022 / Income Tax, Income Tax in Media, Press Release, Search

Old income-tax regime with deductions must go: Revenue Secretary Tarun Bajaj

Revenue Secretary Tarun Bajaj on Saturday said that the old income tax regime must be disincentivised with a view to ...

01/03/2022 / Income Tax in Media, New Income tax regime, Old Income Tax regime