CGST Delhi busts ₹7.85 crore ITC fraud involving 80 GSTINs and circular trading. Chartered Accountant arrested; investigations reveal systemic GST misuse.
IFSCA proposes new framework for global market access by IFSC broker dealers. Consultation open for feedback on regulations by May 19, 2025.
Learn about recent GSTN changes for refund filing on service exports with tax, SEZ supplies with tax, and deemed export supplier refunds, shifting to invoice-based claims.
Mumbai ITAT dismisses Revenue’s application seeking rectification of order in Heart Foundation case over territorial jurisdiction claim.
Mumbai ITAT upholds deletion of Rs 1.96 crore tax addition in Dinesh Rohira case, ruling third-party evidence needs corroboration.
Explore the implications of GST Rule 37A governing the reversal and re-availment of Input Tax Credit (ITC) in cases of supplier non-payment. Learn about compliance, practical approaches, and time limits.
Assessee was importing food products like Sherbet from the Kingdom of Bhutan. As per assessee he would fall under Section 3(2-C) of the Tamil Nadu General Sales Tax (Seventh Amendment) Act, 2002.
Assessee was predominantly engaged in activities of imparting education and also involving the certain educational institutions. Assessee had filed its return of income for AY 2009-10 on disclosing nil income.
ITAT Delhi held that fees for providing Spa Consultancy falls under the category of ‘Independent Personal Service’ and hence was not taxable in India and therefore assessee was not required to deduct TDS. Thus, disallowance u/s. 40(a)(ia) deleted.
RBI releases updated digital lending rules focusing on transparency, customer protection, data privacy, and third-party partnerships.
