Searched for
GST LEGAL PRECEDENT
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...
At Big 4 firms, AI is starting to reshape the tax professionMajor accounting firms in India are embracing artificial intelligence for tax services. AI is automating routine tasks, research, and draft...
Delta Corp shares tank 16%. What’s triggering the sharp selloff?Shares of Delta Corp tumbled 16% after the Supreme Court upheld the government’s retrospective 28% GST levy on online gaming companies. The...
Auto dealers urge PM for relief on ₹2,500-cr cess credits under GST 2.0Automobile dealers are urgently seeking Prime Minister Modi's intervention to prevent the lapse of ₹2,500 crore in compensation cess credit...
Landowners seek GST relief on joint development pactsLandowners are contesting Goods and Services Tax (GST) demands on joint development agreements (JDAs), arguing that transferring developmen...
GST body drops Rs 115 cr from tax demand against Mahindra & MahindraThe GST adjudicating authority reduced Mahindra & Mahindra's GST demand related to brand name and logo usage by group companies. The author...
A claim they can't refuse! Insurance industry braces for ₹5,500 crore GST hitInsurers, including HDFC Life, are preparing for a significant legal battle with GST authorities over allegations of wrongful input tax cre...
Leased Property GST ITC: Legal dispute, policy changes deepen tax uncertaintyThe Supreme Court ruling allowing ITC on leased properties faces uncertainty with a retrospective amendment proposed in the Finance Bill 20...
GST exemption on leasehold rights to help boost industrial realty leasing growthA Gujarat High Court ruling exempts goods and services tax on assignment of leasehold rights for industrial plots developed by GIDC, reduci...
AAR ruling could offer advantages to e-commerce platforms facilitating logisticThe GST Authority for Advance Rulings (AAR) in Karnataka has ruled that Juspay Technologies, the company behind the ride-hailing app 'Namma...
GST Council alone has powers to approve panel recommendations: Manpreet Badal to FMWhile seeking an opinion of the law ministry or the attorney general on the matter, Badal said that bureaucrats in the committee did not ha...
Government to appeal against HC ruling quashing IGSTThe decision to challenge the high court's verdict has been taken as the notification providing for the reduced levy stands quashed, thereb...
Exporters drag DRI to various high courts over GST exemption notices“The objective of providing the working capital benefits to the Indian exporters gets defeated by the rule which goes beyond the statute. A...
Exporters drag DRI to various high courts over GST exemption noticesThe current GST framework has laid down certain conditions for exporters to avail certain benefits. A revenue department notification said ...
Exporters draw DRI wrath for alleged GST violationsMany exporters will now have to cough up Integrated Goods and Services Tax (IGST) and penalties as these notices mean that the tax departme...
Imposition of calamity tax with GST not advisable: CAITThe Confederation of All India Traders (CAIT) in a statement said that any move to impose calamity tax with the GST will set a wrong preced...
Companies in a bind over GST on inter-state office servicesThe ruling has raised concerns over how to deal with salaries of stewardship functions such as chief executive, chief financial officer, au...
GST Council approves setting up of appellate tribunalThe GST Council approved creation of the tribunal with a national bench in Delhi and three regional benches in Chennai, Kolkata and Mumbai,...
Legal services of advocates, firm of advocates liable to GST under reverse chargeLegal services, including representational services, provided by advocated are covered under reverse charge of GST, it said.
Calculus: ITC a 'Buy' for most analysts despite Q3 blipThe revenue growth for the cigarette to hotels conglomerate stood at 4% during the quarter, less than half of that witnessed in the precedi...