The Ministry of Finance issued a Press Note on 10 July 2017 clarifying issues around applicability of Goods and Services Tax (GST) on transactions between an employer and employee, as detailed below:

Anmol Industries Versus the West Bengal Authority for Advance Ruling, Goods and Services Tax & Ors.

Gujarat HC rules on various stamp duty issues relating to scheme of arrangement inter-alia holding that composite scheme is one single instrument, allowing set off of stamp...

Karnataka High Court allowing a batch of several appeals against the Tribunal ruling, held that a trust structure is not liable for Service Tax, when it deals with monies collected as an investment fund.

The Supreme Court disregarded the Revenue's contention that only appeal remedy under Section 128 of customs Act was available to the assessee for claiming refund of excess duty paid.

The Supreme Court held that mere production of the invoices and proof of payment made to vendors is not enough for discharging the burden of proof cast under the Karnataka Value Added Tax Act, 2003.

A three-judge bench of the Supreme Court of India (‘SC') upheld its earlier decision in case of Mohd. Ekram Khan & Sons and held that a credit note issued by a manufacturer...

In a recent ruling1, the Hon'ble Supreme Court has reversed the decision of Karnataka High Court2 which held that determination of arm's length price (‘ALP') by the Income Tax Appellate Tribunal (‘Tribunal') is final and cannot be subject matter of appeals before High Court.

The Supreme Court reversed the decision of the Mumbai Tribunal wherein the demand of Service Tax had been dropped on the ground that "once the design imported and cleared in paper form are assessed as ‘goods' by the Customs Authority...

The agenda of the government since the past many years has been clear, honor the honest law-abiding citizens and pursue the suspected evaders.

The Indian Union Budget made changes to direct tax laws that will affect non-resident taxpayers

Supreme Court in recent ruling has denied deduction under section 80-IB with respect to receipts under the Duty Drawback Scheme and in respect of profit from transfer of Duty Entitlement Pass Book (‘DEPB')...