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CBDT had earlier issued a Circular clarifying that no tax shall be withheld on the service tax component comprised in the amount paid/payable to a resident if the same was indicated separately in the agreement/contract between the payer and the payee.

The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines [Instruction No. 01/2023-24-GST (Inv.)] for CGST field formations to follow uniform procedures...

NHAI, in its policy circular dated May 27, 2024, issued the following clarifications in relation to payment of Goods and .Services Tax ("GST") to the concessionaires/contractors...

The GST Council has extended the due dates of GST Annual Return (GSTR-9) and GST Audit (GSTR-9C) for the financial year 2017-18 to 31 August 2019.

In a significant relief for corporates undertaking restructuring exercise, the Delhi High Court in case of Coforge Limited (formerly known as NIIT Technologies Ltd) vs. ACIT: ITA Nos.213- 214/2020...

With the upcoming GST audit due date of 30 June 2019 for the financial year 2017-18, the government has released the offline Excel-based utility for GSTR-9C.

Now that the voluntary disclosure window under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Black Money Law) has ended, the Government of India (GOI) has announced the Income Declaration Scheme, 2016 (Scheme).

The CBEC has clarified that the sale / transfer of goods lying in a Customs Bonded Warehouse would attract (i) the integrated goods and services tax (IGST) at the time of transfer; and (ii) customs duty comprising of basic customs duty and IGST...

COVID-19 has brought entire world to a standstill. In order to boost the economy, various countries have doled out stimulus packages.

Enclosed article examines legality of ITC reversal claims in light of recent Madras High Court Judgment in case of Sutherland Global Services.

In order to encourage digital transaction and move towards a less-cash economy, section 269SU in the Income-tax Act, 1961 (‘IT Act') was introduced by the Finance (No. 2) Act, 2019.

Movement of expatriates cross borders potentially creates several tax and regulatory issues.

The Delhi High Court in case of DIT v Panalfa Autoelektrik Ltd: 49 taxmann.com 412, held that export commission for arranging export sales could not be considered...

Externalization is the strategy of incorporating holding companies in offshore jurisdictions for tax optimization and operational stability.

The enforcement of the GST laws in the country promulgated the requirement of e-way bill for the transfer of goods across the country.

The inception of Goods and Services Tax (‘GST') marked a monumental shift in the taxation paradigm, consolidating various indirect levies into a singular levy.

As per the reports of a Government official, two out of the five petroleum products namely aviation turbine fuel and natural gas are among the first set of petroleum products that are likely to be included under the ambit of GST.