Tag: tax
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Refund for unutilised Input Tax Credit can’t be claimed on input services: SC
The Supreme Court on Monday upheld the validity of a rule of the Central Goods and Service Tax, which prescribes a formula excluding the...
Govt mulls centralised AAR system to prevent contradictory rulings
The Centre proposes to revamp the advance ruling mechanism under the GST by setting up a centralised authority to address the issue of contradictory...
CBDT eases rules on e-record authentication in faceless assessment proceedings
For easing the process of authentication of electronic records in faceless assessment proceedings, the Centre has amended Income Tax Rules, 1962, to provide that...
Path to recovery: GST collection for Aug at over Rs 1.12 lakh cr
India's gross GST revenue collection remained above the psychological mark of Rs 1 lakh crore for the second consecutive month, clocking Rs 1,12,020 crore...
Haryana sees 65% rise in excise revenue
Haryana government's Excise and Taxation Department saw 65 per cent increase in revenue with the new excise policy, Deputy Chief Minister Dushyant Chautala said
Chautala,...
Sensex scales new high; IT, oil & gas stocks rise
The Indian stock market continued its bull run on Wednesday with the BSE Sensex climbing to a fresh record high.
The Sensex has touched an...
Car seat cover ‘accessory’, not ‘part’, at 28% GST, rules AAR
It may seem amusing but your good old car seat cover is not actually a "part" of the seat but an "accessory", at least,...
VCFs in tax net as service rendered to investors liable to pay service tax
Venture Capital Funds (VCFs), operating in the country, will have to pay service tax on gains they make on managing investors' money as an...
GST dues of states not cleared as claimed by FM: Chidambaram
Former Finance Minister P. Chidambaram has alleged that contrary to the claims of Finance Minister Nirmala Sitharaman, GST dues of Congress-ruled states Rajasthan and...
GST was notified with horrendous rates of tax: Chidambaram
Congress leader P. Chidambaram has slammed the union government for converting the GST to a bad law, saying it was notified with horrendous rates...