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The Income-Tax Department conducted searches at Truecaller's India offices on November 7, 2024, regarding alleged tax evasion and transfer pricing (TP) issues. Truecaller, the popular caller ID service with over…
The GST Network (GSTN) released Advisory No. 546 on November 8, 2024, detailing the Waiver Scheme under Section 128A of the CGST Act, 2017. This scheme provides significant relief to…
India’s solar PV deployment faces significant barriers, including increased GST on solar components and land acquisition challenges, according to the International Solar Alliance (ISA) report. The GST on solar project…
The Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 75/2024-Customs (N.T.) on November 7, 2024, to amend the Handling of Cargo in Customs Areas Regulations, 2009. Key…
In a significant ruling, the Supreme Court on Thursday reinstated the Directorate of Revenue Intelligence’s (DRI) power to issue tax notices, reviving demands for unpaid duties totaling ₹20,000–23,000 crore against…
The Enforcement Directorate (ED) recently conducted searches in Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula, investigating sellers linked to Amazon and Flipkart over Foreign Exchange Management Act (FEMA) violations. The probe,…
On November 07, 2024, the GSTN released Advisory No. 545 for applicants selecting the ‘Other Territory’ category in GST registration. Here’s a summary for those applying under this classification: Important…
In a significant move to make health insurance more affordable, the 55th GST Council Meeting in December could approve a GST exemption on health insurance premiums, according to sources from…
The Goods and Services Tax Network (GSTN) has issued Advisory No. 544 (dated November 5, 2024), providing comprehensive guidelines and FAQs on Form GST DRC-03A, which addresses payment adjustments for…
The Maharashtra Authority for Advance Ruling (AAR) recently clarified GST applicability for technical consultancy services under the Jal Jeevan Mission (JJM) provided by M/s. The Nisarga Consultancy to Maharashtra Jeevan…