Bombay High Court dismissed a petition by Laxminath Investment & Management Consultants Pvt. Ltd., challenging the transfer ...

Central Tax dated 23rd January 2025, has announced a waiver of excess late fees under Section 47 of the Central Goods and Services Tax (CGST) Act, 2017. This waiver applies to late fees incurred for ...

In past couple of years, there have been notable updates to India’s Goods and Services Tax (GST) and Tax Collection at Source (TCS) under Income Tax Act, 1961 regulations affecting travel agents and ...

Over the past few decades, the manufacturing and services sectors have increasingly contributed to the growth of the economy, while the agriculture sector’s contribution has decreased from more than ...

So accordingly Maximum Rate of Tax should be 25% for Individual, HUF, AOP and BOI. Same way tax on Firms, LLP and Companies should be 25%. Standard Deduction which was increase from 50,000 to 75,000 ...

If you are a Business Owner or an Entrepreneur or a Professional, this write-up is for you. -Every time a new year approaches, we take resolutions for the upcoming year. -This time take resolutions ...

Noted that, Section 73 of the Central Goods and Services Tax Act, is only attracted when it appears to proper officer that any tax has not been paid or short paid or erroneously refunded or where ...

Summary: The applicability of interest on delayed GST payments hinges on whether the liability was offset using balances in the E-cash or E-credit ledger. Section 49 of the CGST Act, 2017, allows ...

ITAT Ahmedabad held that disallowance of claim of damages under section 14B of the P.F. Act not justified since 40% of damages are compensatory. Thus, held that P.F. damages that are compensatory in ...

CESTAT Kolkata held that Asansol Durgapur Development Authority [ADDA] performing sovereign functions on behalf of the State Government of West Bengal is exempt from service tax. Accordingly, service ...

Though CPC will not strictly apply to the proceedings under I & B Code, the principles laid down will still continue to guide ...

In the matter abovementioned ITAT remanded the matter to AO after observing that assessee has explained sufficient cause in ...