ITAT Mumbai ruling: ₹16.64 lakh cash seized in tax raid, taxpayer wins ₹8.87 lakh unexplained cash dispute
The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted an ₹8.87 lakh addition made under Section 69A of the Income-tax […]
GST has created more problems than solving: Delhi HC in plea against fake GST registrations
The Delhi High Court on Tuesday pulled up the Central and Delhi Goods and Services Tax (GST) authorities and the
India’s GDP Performance; A Strong Start to 2026-27 with 7.8% Real GDP Growth
India’s economy began 2026-27 on a strong note, with real GDP growth accelerating to 7.8% in Q1, riding on manufacturing and
ICAI Releases 14th Edition of ‘Background Material on GST’ in Two Volumes, Incorporating Finance Act, 2026 and GST 2.0 Reforms
The Institute of Chartered Accountants of India (ICAI), through its GST & Indirect Taxes Committee, has released the 14th Edition
Centre raises windfall tax on petrol exports to Rs 1.5/litre, cuts ATF duty to Rs 19/litre
The Centre has raised the windfall tax on petrol exports to Rs 1.5 per litre from nil, effective September 1,
DGFT Enables Automated Issuance of Free Sale and Commerce Certificates to Promote Ease of Doing Business
In continuation with the initiatives taken by the Government from time to time to promote Ease of Doing Business for
Income Tax E-Filing Portal Enables Dedicated Grievance Facility For Reporting Corruption, Misbehaviour And Harassment
The Income Tax e-Filing Portal has enabled a dedicated grievance facility for taxpayers to report complaints relating to corruption, misbehaviour,
Appellate Authority has no power to condone delay in filing appeal beyond the outer limit prescribed under Section 107(4) of the CGST Act
The Hon’ble Orissa High Court in M/s. Sri Balaji Metallics Private Limited v. Commissioner of CT & GST, Cuttack and
Man Declared Rs 1.79 Lakh Income Tax; ITAT Gives Him One Last Chance
A taxpayer who declared income of just Rs 1.79 lakh found himself facing additions of more than Rs 11.22 crore
Smartphones May Get Cheaper: GST Council Could Cut Mobile Phone Tax From 18% To 5%
Smartphone prices could get a boost ahead of the festive season as the GST Council may consider reducing the GST
