Mumbai ITAT allows Vanguard Total International Stock Index Fund to set off STT-paid losses against non-STT gains, citing ...

Delhi High Court defers ruling on GST deadline extension notifications, awaiting Supreme Court's decision amid conflicting High Court ...

CESTAT Chennai rules on service tax liability for TASMAC's bar license fees, affirming statutory function post-March 2013 and citing judicial ...

Punjab & Haryana High Court dismisses revenue appeals, quashing tax scrutiny assessment against Crystal Phosphates Ltd. due to non-compliance with binding CBDT instructions for case ...

Accurate classification of materials and inventory is central to transparent financial reporting, particularly under the ...

A common point of confusion for millions of grocery store owners and other small retailers in India is whether they must include Harmonized System of Nomenclature (HSN) code when filing their GSTR-1 ...

Understand role of Form 10F for non-residents to claim Double Taxation Avoidance Agreement (DTAA) benefits and avoid higher withholding tax in ...

Explore legality of denying Input Tax Credit (ITC) to purchasers due to supplier non-compliance under GST. Learn from a landmark High Court ruling addressing buyer rights and responsibilities in GST ...

13. The Hon’ble Apex Court in the case of Suncraft Energy (supra) had occasioned to consider that the party who has paid the tax on invoices being raised and non-discharge of duties by the counterpart ...

Upcoming bank nomination reforms allowing multiple nominees may complicate deposit claims, creating issues for heirs and banks unless key legal and practical challenges are ...

Input Tax Credit (ITC) is one of the core features of the Goods and Services Tax (GST) system in India. It allows registered taxpayers to reduce their tax liability by claiming credit for the GST paid ...

Hence, if a bank had earlier routed BDDR through reserves, no deduction would be allowed under income tax. Now, with RBI mandating P&L routing, co-operative banks can rightfully claim tax deduction, ...