Relief for Subway Systems as CCI drops charges of profiteeringIn a relief to Subway Systems, the Competition Commission of India has dropped charges of profiteering against the company and held that ch...
09 Aug, 2023, 12.26 AM IST
GST directorate seeks tax on corporate guaranteesThe DGGI said the practice is a ‘service’ liable for taxation under GST as this is undertaken by the parent company to maximise the returns...
17 Jul, 2023, 10.14 AM IST
Taxpayers will have 3 months to move GST Appellate Tribunal after it's formed, says HC"The appeal to tribunal can be made within three months from the date of communication of order or date on which the president or the state...
06 Jul, 2023, 12.02 AM IST
DGGI issues notices to education intermediariesThe intermediaries argue that they essentially work for foreign universities and are not delivering services to students in India that are ...
27 Apr, 2023, 12.50 AM IST
CBIC may consider e-filing of pleas as GSTAT not ready yetThe Central Board of Indirect Taxes and Customs (CBIC) is considering allowing e-filling of petitions from aggrieved taxpayers as the setti...
27 Feb, 2023, 12.12 AM IST
Merchandise exporters to pay 18% GST on shipping costs: GovtCurrently, the export freight rate charged by Indian shipping lines to Indian exporters is taxable while freight charged by foreign shippin...
21 Feb, 2023, 12.31 AM IST
Taxing free-on-board imports: Gujarat High Court seeks Centre's replyA decision on the issue will have wide ramifications for crude oil, alcohol, and capital goods as a large quantum of their imports are on F...
19 Jan, 2023, 12.54 AM IST
Metal importers under customs lens for quoting lower price than LMEAs per importers, metal prices fluctuate a lot. For customs duty, the price at the time of placing the order must be considered, and not th...
19 Jul, 2022, 12.19 AM IST
There's something fishy at bakeries, feel taxmenTax department claims these outlets are not restaurants as food is prepared at a centralised kitchen and sent to shops and outlets that mer...
23 Mar, 2022, 12.40 AM IST
HC ruling on water tax may impact hydro power projectsThe Uttarakhand High Court ruled that the contracts between the state government and the power generation companies must allocate a valuati...
10 Aug, 2021, 08.26 AM IST
Fintech, IT/ITeS companies with tripartite pacts under GST scannerThe indirect-tax department is of the view that many fintech companies, captive units of multinational banks and several other entities pro...
23 Jun, 2021, 07.44 AM IST
UP notices to infrastructure companies raise question over levying GSTThis could lead to other states too asking such companies to register in their jurisdictions and pay goods and services tax there. Because ...
18 Feb, 2020, 11.00 PM IST
Gujarat High Court allows exporters tax exemption on imported materialThe court struck down the ‘preimport’ condition on Monday, said Abhishek A Rastogi, a partner at Khaitan & Co., who represented the exporte...
05 Feb, 2019, 07.17 AM IST
Partial relief to multiplex players in Uttar Pradesh in tax exemption caseAs part of the five-year scheme of exemption, multiplex companies were allowed to charge and retain entertainment tax under different slabs.
22 Nov, 2018, 01.25 PM IST
No service tax on licence fee for liquor sold in retail: Delhi HCThe court noted that the GST Council meeting on March 10, 2018 had already decided to not levy service tax/GST on such fee and even the cen...
17 Aug, 2018, 08.40 AM IST
Relief for related-party diamond tradeAccording to regulations, the customs department gets a fair value of imports and exports through scrutiny conducted by a special valuation...
06 Jun, 2018, 07.50 AM IST
'GST cut will have a significant positive impact on businesses'"These rate cuts are based on pragmatic recommendations from diverse sectors and are indispensable as the effective tax rate increased on s...
21 Nov, 2017, 11.21 AM IST