Supreme Court: CBIC Notification Imposing IGST on Importers is in Violation of GST Law

The Supreme Court has held that the Central Board of Indirect Taxes…
GSTR-9

Karnataka AAR: Income from Guest Lectures Attracts 18% GST

The Karnataka Authority for Advance Ruling (AAR) ruled that the income earned…
RBI

NRIs and OCIs don’t need to take RBI approval to buy or sell immovable property in India

The Reserve Bank of India clarifies that Non-Resident Indians (NRIs) and Overseas…

Key takeaways from the SC’s verdict to disallow Rs.923 crore GST refund to Bharti Airtel

The Supreme Court disallowed Bharti Airtel’s GST Input Tax Credit (ITC) refund…

Supreme Court Upheld the Madras HC Decision Regarding CGST Rule 89(5)

The Supreme Court urged the Goods and Service Tax (GST) Council to…

SC reproaches Centre over the delay in forming of the GST Appellate Tribunal

On 6th August 2021, the Supreme Court criticised the Centre for not…

CBIC: Extension of the limitation period applies only to judicial orders

The CBIC issued a new circular no. 157/13/2021 on 21st July 2021.…

Banks Might Face Legal Problems Upon Invoking Personal Guarantees

In May, the Supreme Court permitted invoking personal guarantees concerning corporate debtors.…
Tax Exemption

Goodwill depreciation: CBDT inserts new rules for computing STCG and WDV

The Central Board of Direct Taxes notified the computation mechanism of written…

Will Top Banks in India Resume Services Related to Cryptocurrencies?

The RBI clarified on May 31, 2021, stating that banks and regulated…