By: AdminMay 25, 2024Categories: CBDT Notification|News4 Min Read The Central Board of Direct Taxes (CBDT), earlier this month, issued a notification on the process of scrutiny of income tax returns…
ITAT Ruling: Date of House Possession Crucial for Section 54 Tax Benefit – Key Details You Should Know
By: AdminMay 25, 2024Categories: ITAT|News4 Min Read According to this clause, a new house must be purchased within one year before or two years after the sale of the old…
ICAI aims to facilitate $200 mn funding through startup event in June 2024
By: AdminMay 25, 2024Categories: ICAI|News4 Min Read Chartered accountants' apex body ICAI on Thursday said it aims to facilitate funds worth over USD 200 million to startups through an event…
Ancillary services provided along with GTA services are not taxed separately
By: AdminMay 25, 2024Categories: Advance Ruling-New4 Min Read The Telangana, AAR in DRS Dilip Road lines Limited [TSAAR Order No.07/2024 dated April 26, 2024] ruled that ancillary services viz., packing,…
Writ Petition is maintainable if the Position of Appellate Authority is vacant
By: AdminMay 25, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Jammu and Kashmir High Court in the case of Oriental Insurance Co. Ltd. v. Union Territory of J&K [Writ Petition…
Chhattisgarh GST Dept issued Instructions regarding ASMT 10 and other GST related issues
By: AdminMay 25, 2024Categories: State GST Notification and Circular4 Min Read The Chhattisgarh GST Department issued Instructions dated April 16, 2024 regarding ASMT 10 and other GST related issues In…
HC upholds validity of extending assessment orders’ time limit during Covid
By: AdminMay 24, 2024Categories: GST Recent News4 Min Read The Kerala High Court has upheld the validity of the Centre's move to extend the timeline for issuing the assessment orders…
India mulls GST relief for foreign airlines; fitment committee to review
By: AdminMay 24, 2024Categories: GST Recent News4 Min Read India may consider exempting services rendered between the head offices and local branches of foreign airline operators from the goods and…
Implementation of labour codes, lower GST rate can help in formalisation of India’s workforce: ISF report
By: AdminMay 24, 2024Categories: GST Recent News4 Min Read Removal of employment bottlenecks, urgency to implement the four Labour Codes, policy tweaks and a rejig in the goods and services…
GST dept ignores state’s diktat, splashes Rs 38 lakh on hotel bill for training programme
By: AdminMay 24, 2024Categories: GST Recent News4 Min Read The state government has sparked a row by splashing Rs 46.65 lakh for a six-day training programme of officers with the…