The Income Tax Department has launched a nationwide verification exercise into suspicious foreign remittances after its data analysis and ground intelligence identified several entities that allegedly remitted substantial amounts of foreign exchange abroad despite having limited or apparently inconsistent financial profiles.
The exercise, announced by...
The Jaipur Tax Bar Association (JTBA), in collaboration with the Goods and Services Tax Appellate Tribunal (GSTAT), Jaipur Bench, successfully organized a GSTAT Outreach...
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that services rendered by an Indian banking office to its Singapore head office in connection with External Commercial Borrowings (ECB) could not be treated as intermediary services merely because...
