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GST on services by way of transportation of goods by aircraft/vessel is certainly on a roller-coaster ride these days. The story began in September 2022...

Providing massive relief to home buyers, the 33rd GST Council meeting on Sunday, 24th February, 2019, lowered the GST rate on under-construction houses to 5% (five percent) from the earlier 12% (twelve percent).

Section 15(3) of CGST Act allows deduction of eligible discounts from the value of supply, subject to condition that the discount...

In a multinational framework, it is common that one of the group entities stand as surety / guarantor for another group entity or its subsidiary – Indian or otherwise, sometimes for a charge.

In a recent case1, the Hon'ble Bombay High Court quashed the order passed by the Income-tax Authority under Section 179(1) of the Income-tax Act, 1961 (ITA) (the Act) against the Ex-director...

Wondering about your GST application status? Learn how to check your GST ARN status and track approval, rejection, or pending updates easily.

Taxability of income arising out of sale and purchase transactions undertaken internationally has been a matter of debate for long in India.

The period from 2006 to 2011 witnessed a significant inflow of private equity investment into India, making it the second most favoured investment destination after China.

CBDT had recently, in December 2016, released a circular containing clarifications on questions raised by stakeholders on various issues relating to indirect transfer provisions...

Earlier today, the Indian Finance Minister (FM) presented the 1st Budget of the newly formed government for financial year (FY) 2019-20.

On 13 August 2021, the Taxation Laws (Amendment) Act 2021 (Act) received the Presidential assent, withdrawing retrospective effect of the much-controverted indirect transfer tax.

CBEC has clarified that when a Vocational Education Courses/training/skill development courses is offered by an institution of the Government or a local authority, question of service tax does not arise.

This is to update you about an important decision by Patna High Court (‘HC') in the case of Sincon Infrastructure Pvt. Ltd. v. UOI & Ors. TS-216-HC(PAT)-2024-GST, wherein the Court held that interest liability is automatic on delayed payment of GST.

The Mumbai Bench of the Income Tax Appellate Tribunal (‘ITAT') has recently ruled on the interplay between the Multilateral Instrument (‘MLI') and the India–Ireland Double Tax Avoidance Agreement (‘DTAA')...

The Gujarat High Court has upheld Section 16(2)(c) of the CGST Act, ruling that purchasing dealers cannot claim Input Tax Credit when their suppliers fail to deposit tax with the government.

The Finance Bill, 2017 which was presented by the Finance Minister in the Indian Parliament on 1 February 2017 (Original Bill) has been amended by the Lok Sabha (Amended Bill).

The Central Board of Indirect Taxes and Customs (CBIC) had notified the "Public Tech Platform for Frictionless Credit" as the system with which information...