Learn about the latest clarifications on GST applicability for educational affiliations, helicopter transport, and more, as per Circular No. 234/28/2024-GST.
CGST Thane invites EOIs for empanelment of Chartered and Cost Accountants for GST special audits. Submit by October 27, 2024.
Over 34 lakh Audit Reports filed on the e-filing portal by October 7, 2024, showing a 4.8% increase from last year, according to the Income Tax Department.
The concept of reverse charge mechanism was introduced in erstwhile Service Tax laws. Generally, tax is payable by the person who provides Services but under reverse charge mechanism the liability to pay tax has shifted to recipient of Services.
NFRA imposes penalties on Venkatesh & Co. and debarment of partners for negligence during the audit of Coffee Day Enterprises Ltd, exposing Rs 3,535 crore fund diversion.
GST TDS on metal scrap supply made applicable from October 10, 2024, under Notification 25/2024. Learn about Section 51 of the CGST Act, rates, and compliance.
Section 80E of the Income Tax Act provides deduction towards interest paid on loan taken for higher education. The current article covers deduction under section 80E of the Income Tax Act; eligibility for claiming deduction under section 80E; amount and period of deduction u/s. 80E; source of loan availment for claiming deduction u/s. 80E and […]
Can a single SCN cover multiple GST years? Learn the legal stance, timelines under Sections 73, 74, 74A, and court rulings on consolidated GST notices.
ICAI requests CBDT to allow rebate u/s 87A on short-term and long-term capital gains under Sections 111A and 112, citing inconsistency in income tax utility.
Reverse Charge applies to metal scrap from unregistered suppliers to registered buyers from 10.10.2024. GST to be paid by the recipient as per Notification 06/2024.
