By: AdminMay 25, 2024Categories: export import|News4 Min Read Smartphones have become the fourth-largest export item from India, achieving 42 percent growth to reach $15.6 billion in FY24, as per a…
Gujarat High Court Grants Bail to Metal Industries Proprietor After 79 Days in Rs. 6.67 Crore GST Evasion Case
By: AdminMay 25, 2024Categories: GST Law|News4 Min Read The Gujarat High Court has granted bail to the proprietor of Metal Industries, a business involved in manufacturing and trading brass products…
India’s GST revenue has touch a new high; can it be sustained?
By: AdminMay 25, 2024Categories: GST Recent News4 Min Read It took a little less than seven years since its introduction on July 1, 2017, for the goods and services tax…
Income tax return scrutiny: CBDT issues notification on selection of cases for tax scrutiny. Check details
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…