Tax Guru1h
IGST Refund Relief for Exporters: Omission of Rule 96(10)
Big Relief to Exporters claiming the IGST refunds – Omission of Rule 96 (10) of CGST Rules, 2017 in view of Notification ...
Tax Guru1h
Jaishankar Asserts India’s Strategic Autonomy Ahead of BRICS Summit in Russia
JAISHANKAR ASSERTS INDIA’S GLOBAL STRATEGIC AUTONOMY ON THE EVE OF LAST MONTH’S BRICS SUMMIT IN RUSSIA External Affairs Minister Jai Shankar has rightly cold-shouldered Russia, China, and Iran Axis’ ...
Tax Guru2h
No addition u/s 69 of unexplained cash deposits as same was based on mere suspicion
Conclusion: Addition of Rs. 2.25 crore made by AO against assessee for unexplained cash deposits was deleted as assessee had discharged the onus and prove the genuineness of the transaction and ...
Tax Guru2h
Delhi HC Modifies retrospective GST Registration Cancellation Date to SCN Date
After reviewing the case, the Delhi High Court ruled that the retrospective cancellation of Kapoor’s GST registration was not ...
Tax Guru2h
Delhi HC Revises GST Registration Cancellation Date to initial application date
In a recent judgment, the Delhi High Court modified the cancellation date of GST registration for Green Work Metal, a ...
Tax Guru4h
GST Advisory for ‘Other Territory’ Registration Selection
The Goods and Services Tax Network (GSTN) has issued an advisory for taxpayers applying for GST registration under the “Other ...
Tax Guru4h
RBI Adds Sovereign Green Bonds to Non-Resident FAR Investment
The Reserve Bank of India (RBI) has expanded the Fully Accessible Route (FAR) to include 10-year Sovereign Green Bonds for ...
Tax Guru4h
ITAT Grants TDS Credit on Merged Entity’s Income to Amalgamated Company
The appeal filed by Shiva Pharmachem Limited challenged the decision of the Commissioner of Income Tax (Appeals) – National Faceless Appeal Centre (NFAC) dated July 24, 2023, concerning the denial of ...
Tax Guru4h
IBBI Discussion Paper on Real Estate Insolvency Issues
The Insolvency and Bankruptcy Board of India (IBBI) released a discussion paper addressing key challenges in real estate insolvency cases under the Insolvency and Bankruptcy Code (IBC). Based on input ...
Tax Guru4h
ITAT Ahmedabad allows warranty claim based on a scientifically validated method
In a recent judgment, the Income Tax Appellate Tribunal (ITAT) Ahmedabad bench allowed a warranty provision claim by Rotomag Motors and Controls Private Limited, overturning the disallowance upheld by ...
Tax Guru4h
GST on intermediary and installation services for foreign principals
1. Alfatek Services, Sapthagiri, Thipadapuram Hill, Kulathoor P.0, Trivandrum (hereinafter referred to as the Applicant) is a taxpayer registered under the GST Act, engaged as an agent of foreign ...
Tax Guru5h
Classification of Food Products under GST: HIC-ABF Ruling
1. M/S HIC-ABF special foods (P) Ltd., 11/630-B Aroor Industrial development area, Project colony road, Aroor, (Hereinafter referred to as the applicant) is in the business of food products and are ...