By: AdminMay 27, 2024Categories: GST Recent News4 Min Read The Noida Police on Saturday arrested a 45-year-old Haryana-based man in connection with its probe into the multi-crore alleged GST scam,…
Reducing GST to 5% on Helmets Crucial for Safety; Targeting 10 Million Units This Fiscal Year
By: AdminMay 27, 2024Categories: GST Recent News4 Min Read Home-grown helmet manufacturer Steelbird Hi-Tech has announced ambitious plans for the fiscal year 2024-25, aiming to market 10 million helmets. This…
NFRA gets thumbs up from Supreme Court on retrospective jurisdiction
By: AdminMay 27, 2024Categories: News|NFRA4 Min Read The question of the National Financial Reporting Authority's (NFRA's) investigative powers over statutory audits of businesses done prior to the watchdog's creation in…
Delhi HC releases new Guidelines for the Recording of Evidence of Vulnerable Witnesses
By: AdminMay 27, 2024Categories: Law News4 Min Read The Hon’ble Delhi High Court issued Circular vide No. 116IRules/DHC dated May 20, 2024 suppresses the earlier "Guidelines for recording of evidence…
Toyota pushes for lower GST on hybrid cars
By: AdminMay 27, 2024Categories: GST Recent News4 Min Read Toyota Kirloskar Motor (TKM) is lobbying for a merit-based taxation on technologies such as hybrids. Hybrids are said to have “the…
Interest and penalty not leviable when there is no fault of Assessee in depositing GST
By: AdminMay 27, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Allahabad High Court in the case of Bhole Baba Milk Food Industries Limited v. Union of India [Writ Tax No.…
Paper Cups would fall under HSN 4823 40 00 and attract GST at the rate of 18 percent
By: AdminMay 27, 2024Categories: Advance Ruling-New4 Min Read The AAR, West Bengal in the case of In Re. Sekandar Sarkar [Case No. WBAAR 01 OF 2024 dated April 04, 2024]…
GDP, GST data to be released next week will design economic narrative by new govt
By: AdminMay 27, 2024Categories: GST Recent News4 Min Read Ahead of announcements of election results on June 4, five key high frequency indicators will lay out the economic framework for…
Fake Notices from the Income Tax Department: How to Identify Scam Notices from Fraudsters
By: AdminMay 25, 2024Categories: Income Tax News|News4 Min Read Receiving an income tax notice can be highly stressful, but it's crucial to remain vigilant, as not all such notices are…
India should implement 2% tax on wealth and 33% inheritance tax to tackle rising inequality, says study
By: AdminMay 25, 2024Categories: TAX News4 Min Read A new research paper, suggests that India should implement a 2% tax on net wealth over Rs 10 crore and a 33%…