Learn about the recent Supreme Court verdict that ruled Service Tax is not applicable to services provided to a Governmental Authority.
Dive into the complexities of GSTR 3B and GSTR 2A discrepancies! Explore the legal nuances and principles behind Input Tax Credit (ITC) refutation. Learn about challenges like non-uploading, delays, and erroneous filings, and how delays in claiming ITC and IGST errors impact taxpayers. Understand the judicial perspective on genuine errors and the importance of balancing tax compliance and protecting taxpayer rights. Stay informed to navigate the complexities of GST seamlessly.
Chhattisgarh High Court deems secret phone call recordings without consent a violation of Article 21’s right to privacy, setting a vital precedent.
Jharkhand High Court held that TCS is not to be collected in the transaction of purchase of coal which is used in generation of power. Accordingly, illegal sum collected as TCS is ordered to be refunded back with interest.
Income Tax Department’s recent searches reveal tax evasion schemes by contractors, leading to unaccounted cash and asset creation. Details of operation.
Delhi High Court upheld the remand order passed by Sessions Court, in the money laundering case registered against Vivo, concluding that Section 19 of PMLA was duly complied with and thereafter the accused persons were remanded to the custody of Directorate of Enforcement.
The case centered on a circular that imposed limitations on the cumulative adjustment of ITC, contrary to the statutory provisions. The Court held that circulars cannot override statutory law.
Explore the latest GST updates impacting unregistered sellers on e-commerce platforms in India. Uncover the simplified processes, compliance measures, and opportunities for businesses. Stay informed and adapt to the evolving landscape.
Discover how cricket players handle income tax complexities during World Cup. Learn about tax implications for earnings, prizes, and endorsements.
Explore the effects of recent regulatory changes on banks’ fixed income portfolios, including shifts in classification, valuation, and accounting methods. Understand how these changes may influence the bond market and bank operations.
