CBIC launches an All-India drive to combat fake GST registrations and bogus invoices from August 16 to October 15, 2024, ensuring compliance and revenue protection.
Patna High Court rejects a petition challenging GST registration cancellation, citing failure to use available appeal and amnesty options.
ITAT Ahmedabad remands the Vidhyanagar Jain Society’s registration case to CIT(E) for reconsideration due to non-submission of documents and unavoidable delays.
SEBI issues guidelines for borrowing by Category I and II AIFs, and sets limits for tenure extension by Large Value Funds. Compliance is mandatory by November 18, 2024.
India allows the export of 2,00,000 MTs of Non-Basmati White Rice to Malaysia through National Cooperative Exports Limited under new DGFT notification.
आयकर विभाग ने कैश लेन-देन पर कड़ी नजर रखने का निर्णय लिया है, और अपने केंद्रीय एक्शन प्लान 2024-25 में इसे प्रमुखता दी है। पिछले वर्ष 2023-24 में, विभाग ने 1,100 छापों में 2,500 करोड़ रुपए की संपत्ति जब्त की, जिसमें 1,700 करोड़ रुपए कैश था। इस साल, आयकर विभाग ने 24.50 करोड़ रुपए की […]
SEBI issues guidelines for Venture Capital Funds to migrate to Alternative Investment Fund Regulations, detailing conditions, procedures, and timelines.
Reverse Charge Mechanism (RCM) in GST is a system where the recipient of goods or services is liable to pay the tax instead of the supplier. A supplier cannot take the GST paid under the RCM as ITC. The recipient can avail of ITC on GST amount paid under RCM on receipt of goods or services, […]
India and Mauritius have amended the DTAA, adding a principal purpose test (PPT) rule to close tax loopholes and align with global norms. Explore its impact on FPI and FDI.
Understand the tax implications of Raksha Bandhan gifts. Learn about exemptions for gifts from relatives and the tax rules for gifts from non-relatives.
