The notification introduces changes to the reverse charge mechanism (RCM) for metal scrap transactions. Specifically, under ...

Resolution Professional cannot entertain any claims arising after the commencement of the Corporate Insolvency Resolution Process ( CIRP ) as it was a clear law that Resolution Professional could only ...

Madras High Court directs department to consider the reply filed by the petitioner on blocking the GST Electric Credit Ledger which was not considered by the department at the time of passing impugned ...

ITAT Ahmedabad quashed the reassessment proceedings under section 147 of the Income Tax Act as intraday profit is less than limitation of Rs. 1,00,000/- for reopening of assessment u/s. 147 of the Act ...

ITAT Chandigarh held that since Form 67 has actually been filed within extended date of filing the return of income hence ...

The Institute of Chartered Accountants of India (ICAI), being a partner in nation building, plays a pivotal role in strengthening the relationship between the taxpayers and the Department; by bringing ...

Reverse Charge Mechanism (RCM) to be introduced on supply of metal scrap by unregistered person to registered person provided that the supplier shall take registration as and when it crosses threshold ...

Further, the AAR Chhattisgarh vide Order dated February 20, 2023 (“the Impugned Order”) ruled that the Fortified Rice Kernels ...

Relied on, Titan Company Ltd., v. the Joint Commissioner of GST & Central Excise, Salem [2024- VIL-19-MAD] wherein the Madras ...

The court held that Circular 9 of 2024, which increased the monetary thresholds for appeals, made the appeal non-maintainable ...

Penalty order passed on detention of goods and vehicle after 7 days from service of notice is not sustainable: Patna HC ...

Circular No. IFSCA-FMPP0BR/3/2023-Banking Dated: October 8, 2024 1 In exercise of its powers under regulation 32 of the IFSCA (Payment Services) Regulations, 2024 (“the regulations”), the Authority ...