Madras High Court rules that issuing a single GST show cause notice for multiple financial years is impermissible, citing Sections 73 & 74 and procedural hardships for taxpayers.
Understand GST (RCM) and TDS implications for Indian companies importing software services from foreign vendors, including place of supply and FTS rules.
A critical aspect of GST legislation pertains to issuance of show cause notices (SCNs) and assessment orders in case of short payment or non-payment of tax. Sections 73 and 74 of CGST Act deal specifically with these scenarios.
Learn the procedures to pause and reset the 12A renewal timeline for NGOs under the Income Tax Act. Key deadlines, compliance steps, and challenges explained.
CESTAT Delhi held that Blower, Filter, Water Valve Assembly, Control Panel, Module JCBHP and Thermostat are classifiable under CTI 8414 59 30, CTI 8421 39 90, CTI 8481 10 90, CTI 8538 10 90 and CTI 9032 10 10 and cannot be reassessed as parts of air conditioner under CTI 8415 90 00. Accordingly, appeal allowed.
CBDT Circular 9/2025 provides relief from higher TDS/TCS rates for inoperative PANs linked to Aadhaar by specific deadlines, addressing taxpayer grievances.
The West Bengal Authority for Advance Ruling rejected KANISKA Engineering Industries LLP’s application concerning Input Tax Credit on warehouse construction due to non-prosecution.
The West Bengal AAR ruled that Webel Support Multipurpose Service Cooperative Society Limited, a sub-contractor, is not eligible for GST exemption on pure labor services to NKDA via WTL.
SEBI issues FAQs on Research Analyst Regulations, detailing NISM certification, consent for institutional investors, trading restrictions, and segregation of services.
CESTAT Mumbai held that Chief Commissioner was not justified in rejecting the compounding application filed u/s. 137(3) of the Customs Act, 1962 without granting any opportunity of hearing since the same results into violation of principles of natural justice.
