Introduction: Tax Collected at Source (TCS) is a crucial element in India’s taxation system, obligating sellers to collect taxes from buyers during the sale of goods. This article provides a comprehensive overview, outlining who needs to deduct TCS, classifications of sellers and buyers, and exemptions applicable. Additionally, recent changes and amendments, including exemptions for non-resident […]
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Discover the process of forming a One Person Company (OPC) under the Companies Act, 2013. Learn steps, requirements, and essential documents for seamless incorporation.
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Explore exclusive jurisdiction of Supreme Court under Section 35L of Central Excise Act, 1944 in determining value of excisable goods for assessment. Analysis of a recent case.
If telecom operators already pay service tax on the entire Maximum Retail Price (MRP) value of SIM cards and recharge cards, individuals selling or dealing with these cards to the public are not subject to additional service tax liability.
Income Tax Appellate Tribunal (ITAT) Bangalore’s significant order favoring Saritha Jain against the Commissioner of Income Tax (Appeals) for Assessment Year 2013-14, covering various grounds challenging income tax assessment.
Kerala High Court’s recent case involving Divya S.R. under CGST and SGST Acts. The court directs consideration of a rectification application for mistakenly claimed IGST input tax credit.
In a recent case before the Allahabad High Court, Amarnath Trading Company took on the State of Uttar Pradesh, challenging an order that blocked Input Tax Credit (ITC) worth Rs. 53,61,832.
In a recent judgment, the Patna High Court dismissed a writ petition challenging the cancellation of GST registration by the Union of India. The petitioner, Ramesh Radav, contended that the cancellation order, dated 20.01.2021, was based on a show-cause notice that directed appearance on 04.01.2021.
