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The GSTAT Ranchi Bench has ruled on the interpretation of 'input tax credit availed' under Rule 89(4)(B) of the CGST Rules for determining 'Net ITC' in refund claims under Section 54(3) of the CGST Act. The Tribunal rejected the Department's position that ITC reversed must be deducted from ITC availed during the relevant refund period, holding that credit reversed from earlier periods cannot reduce the ITC calculation for a different refund period.

A sudden shift in the Goods and Services Tax rate sends ripples far beyond the statute book; it reaches every supermarket and kirana shelf, every warehouse and every e-commerce dark...

"The best things in life are free, but sooner or later the government will find a way to tax them". Industry is constantly on guard with regards to the government's evolving tax policies.

In 2019, many countries experienced a reduction in tax base and a decline in tax revenues due to economic developments.

Given the recent surge in COVID-19 cases across the country, the Central Board of Direct Taxes (Apex body for direct taxes administration) (CBDT) has issued circular no. 08/2021 dated 30 April 2021...

To provide a fillip to current economic slowdown in the country, Finance Minister Nirmala Sitharaman

Post-liberalisation in 1991, India pronounced itself a destination for global business by opening its international borders for trade and commerce.

The Central Government has granted relief to assesses plagued by the recovery methods adopted by the tax authorities vide CBEC Circular No. 1035/23/2016-CX dated July 4, 2016.

Double tax avoidance agreements (tax treaties) made with various countries provide that business income of an enterprise which is a tax resident of a foreign country is taxable only if it has or is deemed to have a permanent establishment (PE)

Owing to the advent of digitalization, India adopted the concept of 'Significant Economic Presence' (SEP) through the Finance Act, 2018.

Since the launch of Tax Street in 2019, we have garnered an avid readership and industry appreciation for the insights shared by our specialists in Direct Tax, Indirect Tax, and Transfer Pricing.

The retrospective levy of MAT on FPIs was reportedly behind a record dollar outflow triggered by FPIs last month.

The Bombay High Court has held that interest and penalty are not leviable on IGST not paid on imports, before the amendment to Section 3(12) of the Customs Tariff Act...

The Central Board of Direct Taxes (CBDT) issued an office memorandum on 27 October 2025 to simplify the process followed after the finalization of a Mutual Agreement Procedure (MAP).

In order to provide hassle-free tax environment to the start-ups, a series of announcements had been made by the Finance Minister in her Budget Speech of 2019 and also on August 23, 2019

In the recently presented Union Budget 2023, it has been proposed to expand the applicability of Section 56(2)(viib) of the Income-Tax Act, 1961, commonly referred to as Angel Tax Provisions, to the issue of shares by a closely-held company to non-resident investors.

Foreign Account Tax Compliance Act (FATCA) is a US legislation that requires Financial Institutions (FIs) to report information on financial accounts held by US persons.