Ltd., the Gujarat Appellate Authority for Advance Ruling (AAAR) reviewed the GST classification and applicable tax rate for ...

The Book Identification Number (BIN) is an essential compliance requirement for government deductors. It helps in tracking TDS/TCS deposits made without challans and ensures smooth TDS return filing.

Hon’ble Finance Minister Smt. Nirmala Sitharaman will present the second budget of Modi 3.0 on Saturday, February 1, 2025, ...

The review petitions were filed by the petitioners seeking a reconsideration of the court’s earlier order, which set aside an order by the Income Tax Settlement Commission (ITSC) that had granted ...

The Government of India has issued a circular (Circular No. 246/03/2025-GST) clarifying the applicability of late fees for delays in filing the reconciliation statement in FORM GSTR-9C. The ...

Reserve Bank of India (RBI) has updated its framework for imposing monetary penalties and compounding offences under the Payment and Settlement Systems Act, 2007 (PSS Act). The revisions, which come ...

Gujarat High Court quashed the faceless assessment order in the case of Panchvati Ship Breakers Through Its Partner Rameshkumar Shivlal vs. National Faceless Assessment Centre & Anr. due to the denial ...

Whether the Show Cause Notice (SCN) issued under Section 74 of the CGST and WBGST Act is valid, given the petitioners’ claims that they fulfilled all requirements for ITC and the suppliers’ GST ...

One might have incurred some losses while selling assets, securities or properties in India. Such losses can be carried forward to future years which will help in reducing future tax liabilities. To ...

The CIRP for Jason Dekor commenced on December 19, 2019, and initially, the CoC decided to seek liquidation due to the absence of a viable Resolution Plan. However, after a legal challenge and a ...

Financial Creditor had the discretion to invoke the pledge – IBC application can be admitted despite appellant’s ongoing attempts at settlement ...

The dispute centers on the applicability of a concessional tax rate of 25% available to domestic companies under the Finance Act, 2017, for companies whose turnover in FY 2015-16 does not exceed ₹50 ...