Supreme Court held that activity of lottery distributor doesn’t constitute a service and hence imposition of service tax on distributor of lottery tickets not justifiable. Accordingly, the appeals are dismissed.
Disha Realcon and SM Niryat had exported iron ore fines whose Fe content was below 58% under some Shipping Bills and iron ore fines whose Fe content was above 58% under some other Shipping Bills.
Delhi HC rules that GST registration cannot be cancelled without specific allegations and reasoning, citing principles of natural justice and due process.
Key updates on income tax deduction from salaries under Section 192 for FY 2024-25, including amendments, surcharge rates, and new tax regime details.
The government revises wheat stock limits for traders, retailers, and processors until March 31, 2025, to ensure price stability and prevent hoarding.
ITAT Bangalore remands case for a fresh TP study, directing TPO to assess the applicability of MAP-determined ALP to transactions with non-US Associated Enterprises.
The Ministry of Finance issues Notification 15/2025-Customs, amending Notification 50/2017. Changes impact S.No. 551 and 555, effective immediately.
India approves Credit Guarantee Scheme for e-NWR loans to boost agri-finance. Scheme valid till 2030-31, covering default risks for eligible lenders.
FSSAI drafts amendments to labelling rules, emphasizing RDA visibility, milk product logos, and coffee-chicory mix declarations. Public comments open for 60 days.
IRDAI penalizes UIB Insurance Brokers ₹1 crore for delayed premium remittances. The company must review pending transactions and improve compliance processes.
