Tag: Tax
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Coimbatore CGST Uncovers Rs. 6.53 Crore Gold Tax Evasion; 305 Kg Gold Supplied Without GST, One Arrested
The officers of the Coimbatore CGST Commissionerate uncovered a large-scale case of clandestine gold and jewellery supply without the issuance of invoices. Acting on intelligence,...
This Karnataka High Court Ruling Settles All Aspects Of Input Tax Credit Claims
The Karnataka High Court while settling all aspects of input tax credit (ITC) claims has held that ordinarily, the claim for Input Tax Credit...
Income Tax Weekly Flashback: 9 To 15 March 2025
Income Tax Weekly Flashback for the period 9 to 15 March 2025.Delhi High CourtExistence Of ‘International Transaction’ Must Be Established Before Transfer Pricing Benchmarking:...
No GST On Govt. Consultancy Services: AAAR
The Gujarat Appellate Authority of Advance Ruling (AAAR) has affirmed that no Goods and Service Tax (GST) is leviable on government consultancy services.The bench...
Bad Debt Deduction Under Income Tax Act Allowed Only For Banking or Money-Lending Businesses: Delhi High Court
The Delhi High Court has held that bad debt deduction under Section 36 of the Income Tax Act allowed only for banking or money-lending...