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In this regard, since GSTR 3 got scrapped, the provisional claiming of the input tax credit was deemed void ab initio, thereby making Section 16 (2) (c) of the CGST Act

In the instant matter, the Petitioner's business premises were impounded by the DGGSTI, Bhubaneswar Zonal Unit. During the course of search records, documents were seized, and summons were issued to the Petitioner.

The GST Council in its 50th and 51st meetings had recommended to levy GST on Casino, Horse Racing and Online gaming at the uniform rate of 28% on full face value.

The enforcement framework under the Central Goods and Services Tax Act, 2017 (“Act”) embodies a carefully structured legislative mechanism intended to balance the protection of revenue with the facilitation of legitimate trade and commerce.

Stamp duty is a very important factor in structuring transactions, specially with many of the states in India imposing high stamp duties on documents to shore up their revenues.

Recently, the Ahmedabad Bench of the Income Tax Appellate Tribunal ("Tribunal") ruled that mere non-furnishing of a Tax Residency Certificate ("TRC") cannot disentitle a taxpayer from claiming tax treaty benefits.

In a recent ruling, the Income Tax Appellate Tribunal, Delhi recognized and upheld the importance of the Tax Residency Certificate and held that a Mauritius-based Collective Investment Vehicle registered as a Foreign Portfolio Investor …

The Finance Bill 2023 proposes to amend the Section 28(iv) of the IT Act to include cash/ monetary perquisites as well within its ambit.

The CBIC has issued a circular dated 10 June 2020, clarifying the applicability of goods and services tax on the remuneration paid to whole time directors and independent directors.

The Petitioner operates as a wholesale dealer engaged in the supply of groceries and Fast-Moving Consumer Goods items in Madurai.

The CBDT has given guiding principals for determination of Place of Effective Management (POEM) of a Company.

The Supreme Court of India in Union of India & Anr v UAE Exchange Centre, held that the liaison office set up by UAE Exchange Centre LLC in India does not constitute its permanent establishment in India.

As per the Income Tax Act, 1961 (Act), the definition of dividend broadly includes any payment of 'advance' or 'loan' by a closely held company...

Watson Pharma Pvt Ltd 1- The taxpayer carried out Research and Development (R&D) activities in India for supporting the manufacturing functions of the Associated Enterprise (AE) outside India.

In a first ruling on the issue, the Income Tax Appellate Tribunal, Mumbai (Tribunal) in its recent judgment in the case of Asia Today Limited (Taxpayer) [ITA No. 4628/2006, ITA No.4629/2006...

Following through on India's commitment to align its regulatory framework with the recommendations of the Financial Action Task Force, to check the misuse of multi-layered corporate entities for money laundering ...

As Union Budget 2023-24, the last full-year budget for the current government, will be closely watched by India Inc. as it sets the tone for the economic policies of the government.