In this Volume, we bring to you highlights of recent updates and important judgments of last week in the field of indirect taxation and direct taxation to keep you abreast …
The Maharashtra Goods & Services Tax (GST) department on Saturday arrested a contractor for availing input tax credit (ITC) by allegedly using fake invoices amounting to ₹87.08 crore. According …
The Goods and Service Tax Network (“GSTN”) has made the new changes in auto-populated Input Tax Credit (“ITC”) details in GSTR-3B on the GST Portal. The ITC in table …
The Goods and Service Tax Network (“GSTN”) has updated the Input Tax Credit (“ITC”) comparison report (GSTR-3B vs GSTR-2B) to take into effect the changes in disclosure of ITC …
The Expenditure Review Committee appointed by the Kerala Government has said in its report that the state had lost Rs 25,000 crore over the last five years due to …
India is not planning any major rationalisation to rates under its goods and services tax (GST) regime and is also not considering any convergence of the slabs as of …
Here’s a curious tale involving the common man, a con man and the taxman. A housekeeping worker, formerly a security guard, who currently earns Rs 10,000 a month, has …
In the Budget 2023, Finance Minister Nirmala Sitharaman announced a 30 per cent tax on the “net winnings” from online games. Clarifying the taxation policy further, she announced the removal of the …
The scope for boosting GST tax base of the indirect tax system is high, with a huge gap in its tax filing system, the Chairman of the Central Board …
The CESTAT, New Delhi in the matter of M/s. Holy Land Marketing Private Limited v. Commissioner of Customs, New Delhi has held that a reassessment order cannot be …
