By: AdminMay 21, 2024Categories: GST Recent News4 Min Read The GST Council is unlikely to reverse the 28% goods and services tax (GST) on the online gaming industry, despite concerns…
Ice cream companies pin hopes on post-election GST rate cut
By: AdminMay 21, 2024Categories: GST Recent News4 Min Read Ice cream companies have doubled down on their efforts to reduce GST rate by approaching the President, who has duly forwarded…
HC denies anticipatory bail to fraud who evaded taxes worth ₹24 cr
By: AdminMay 21, 2024Categories: GST Recent News4 Min Read The Bombay high court has refused anticipatory bail to Manish Sen, who allegedly deceived job seekers into opening multiple bank accounts…
Assessee should approach the Commissioner under Section 80 of the CGST Act to seek relief for payment of interest in instalments
By: AdminMay 21, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Madras High Court in Best Recharge v. Deputy Commissioner (ST) GST [W.P. (MD) NO. 9041 of 2024 and W.M.P (MD)…
Clarification Expected on GST for NBFC Co-Lending Arrangements
By: AdminMay 21, 2024Categories: GST Recent News4 Min Read The government has assured non-banking financial companies (NBFCs) that it will review the concerns regarding the imposition of goods and services…
GST on online gaming: Full rollback of 28% tax unlikely
By: AdminMay 20, 2024Categories: GST Recent News4 Min Read Even as the online gaming industry awaits a review of the 28% goods and services tax (GST) on the sector, the…
GST officers working on registration mechanism for ‘shared warehouse’ for e-commerce suppliers
By: AdminMay 20, 2024Categories: GST Recent News4 Min Read GST authorities are working out a mechanism to deal with the taxation and registration issues related to shared warehouses maintained by…
Noida: Three more gang members held in ₹10K-cr GST fraud
By: AdminMay 20, 2024Categories: GST Recent News4 Min Read The Noida police said on Saturday that they have arrested three more members of a gang allegedly involved in a ₹10,000…
Madras High Court Quashes ₹96 Crore GST Demand on CMWSSB
By: AdminMay 20, 2024Categories: GST Recent News4 Min Read In a reprieve for the Chennai Metrowater Supply and Sewerage Board (CMWSSB), the Madras High Court has set aside an order…
SC waives interest on Income Tax dues payable by Telcos pursuant to holding license fee as capex
By: AdminMay 18, 2024Categories: Income Tax|Income Tax News4 Min Read The Supreme Court on May 17 waived the interest on income tax dues payable by telecommunication companies (Telcos) pursuant to…