We cannot be a party to an innocent party suffering injustice merely because his chosen advocate defaulted: SC in Dwarika Prasad (D) THR. LRs. Vs Prithvi Raj Singh
Patna High Court upholds the validity of Section 16(4) of CGST/BGST Act, addressing input tax credit claims and compliance requirements. Key details and implications discussed.
Extension provided for e-way bills expired on December 31, 2024, due to technical issues. Extended deadline to January 1, 2025, for compliance.
Interest rates for Small Savings Schemes for Q4 of FY 2024-25 will remain unchanged from Q3, effective January 1, 2025.
Key updates from Income Tax, GST, DGFT, RBI, and more for the week ending 29th Dec 2024.
ITAT Delhi held that addition under section 68 of the Income Tax Act based on presumptions and concept of human probability without bringing on record any materials linking the assessee in any of the dubious transactions relating to entry is not sustainable.
CBIC clarifies GST treatment of vouchers, including trading, commission models, and unredeemed vouchers (breakage), providing clarity for businesses and distributors.
CBIC clarifies place of supply for online services provided to unregistered recipients under IGST Act, including mandatory state name on invoices
CBIC clarifies ITC eligibility for goods delivered under Ex-Works contract as per Section 16(2)(b) of CGST Act, 2017
The circular clarifies that electronic commerce operators under section 9(5) of CGST Act need not reverse input tax credit for specified services, excluding restaurant services.
