1,383 results found

The Goods and Services tax unifies the Indian market for goods and services into a single market with a common tax code and hopefully a single rate (18 % RNR) on a pan India basis.

The CESTAT Chennai examined whether converting waste PET bottles into PET flakes constitutes 'manufacture' under the Central Excise Act, 1944. The case involved a process of sorting, crushing, washing, and drying used bottles into flakes, raising questions about whether this transformation creates a new product or merely changes the physical form of existing PET material.

The Bombay High Court has upheld the contention of the assessee that in absence of any saving clause in the omission of Rules 89(4B) and 96(10) of the Central Goods and Service...

The Central Board of Direct Taxes (CBDT) vide Notification1 dated 9 August 2023 has extended the applicability of the Safe Harbour Rules under Rule 10TD of the Income-tax Rules, 1962 (the Rules) to Assessment Year (AY) 2023-24.

The Hon'ble Finance Minister presented the Union Budget 2025 on 01 February 2025 in the Lok Sabha.

Refunds of Goods and Services Tax (GST) for exporters in India form a very critical link in supporting market competitiveness and optimising working capital for businesses.

The Taxation Laws (Amendment) Bill, 2021 ("2021 amendment") passed by the Lok Sabha will undo the retrospective taxation introduced by the Finance Act, 2012 ("2012 amendment").

The Supreme Court has directed the Goods and Service Tax Network (GSTN) to open GST portal for filing Tran-1/Tran-2 from September 1, 2022 to October 31, 2022.

The Madras High Court has rejected the submission of the Revenue department that for distribution of Input Tax Credit under...

The GSTN team has released Gross and Net GST revenue collections for the month of January 2026. The detailed report may be viewed here.

In the recent Order dated 04.09.2017 given by the Coordinated Division Bench of the Hon'ble Delhi High Court, namely Justice S. Murlidhar and Justice Prathiba M. Singh ...

For Assessment Year 2014–15, the taxpayer, Sabha Chand, engaged in the retail sale of liquor, reported turnover of INR 6.56 crores with a net profit...

The Hyderabad Bench of the GSTAT has ruled on whether an assessee must remit a 10% pre-deposit under Section 112(8) of the CGST Act for penalty-only appeals when the underlying order predates the October 2025 amendment introducing this requirement. Drawing on precedent from the Delhi High Court's interpretation of similar amendments to Section 107(6)...

The Tribunal dismissed the appeal and cross-appeal of Revenue Authorities and the Taxpayer respectively as the matter in dispute was resolved in MAP proceedings

Permanent Account Number (PAN) is the Indian Tax Identification Number. In India, there is a requirement to obtain an Aadhaar, which is a Unique Identification Number and serves as proof of identity in India.

The Chennai Bench of the Income Tax Appellate Tribunal in a recent ruling in Dr. Muthian Sivathanu v Assistant Commissioner of Income-tax [ITA No. 553/2018] held that proceeds received on sale of shares ...

In that case, the assessee trust, incorporated under Punjab Town Improvement Act, 1922, filed application seeking registration under Section 12AA of the Act, which was rejected by CIT.