Explore key court rulings on the reversal of Input Tax Credit (ITC) claims involving cancelled dealers. This article analyzes significant judgments from various High Courts, highlighting procedural fairness and the impact on ITC claims...
Recent updates to the income tax portal are denying Rs 25,000 rebates for short-term capital gains, conflicting with the Income Tax Act, 1961. Learn why this issue arises and how it affects taxpayers. ...
The Indian Chamber of Commerce (ICC) calls on the government to establish a commission for a comprehensive review of the Income Tax Act 1961 and proposes customs duties restructuring in key sectors to boost domestic manufacturing. ...
On July 18, 2024, the CBDT issued Notifications No. 54 to 65/2024, extending income tax exemptions under Section 10(23FE) of the Income Tax Act, 1961, for various sovereign wealth and pension funds to March 31, 2025. Read more for detailed amendments. ...
Explore the Karnataka High Court's decision in R.S Marketing and Logistics Pvt. Ltd. v. Commercial Tax Officer. Learn about the implications of non-compliance with Circular No. 183/15/2022-GST, and how businesses can avoid similar issues. Understand the significance of following procedural guidelines in GST matters...
India’s Commerce Secretary announces a new regulatory framework for e-commerce exports, set to launch by September 2024. The framework aims to increase exports from USD 5 billion to USD 50-100 billion, focusing on export hubs near airports and ports, and addressing industry needs such as...
The Ministry of Corporate Affairs (MCA) has notified the Companies (Incorporation) Amendment Rules, 2024 through Notification No. G.S.R. 411(E) dated July 16, 2024. Key amendments include the removal of the term "Nidhi" from rule 8A and the omission of clause (v). Access the full notification...
The Ministry of Corporate Affairs (MCA) has issued the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2024 via Notification No. G.S.R. 414(E) on July 16, 2024. Access the latest amendments and updated forms....
The Ministry of Corporate Affairs (MCA) has issued the Nidhi (Amendment) Rules, 2024, via Notification No. G.S.R. 413(E) on July 16, 2024. Understand the new provisions and access the official notification for detailed information...
Access the detailed agenda and minutes from the 52nd GST Council meeting held on October 7, 2023. Review Volume I, Volume II, Addendum, and the official minutes book on the GST Council website....
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