Interest on late payment of TDS –Definition of ‘Month’ for computing Interest

GST Alert – CGST & IGST Amendment Bills

SCN cannot be kept in abeyance and adjudicated beyond a reasonable time

A genuine buyer cannot be deprived of Input Tax Credit and instead recovery action should be taken against the defaulting supplier

ITC is ineligible where there is delay in filing GSTR 3B beyond the time limit prescribed under Section 16(4) of the CGST Act

Clarifications issued pursuant to the 50th GST Council meeting

Press Release pursuant to the 50th GST Council meeting

Levy of Sales Tax on spares replaced under a Warranty claim

Bombay HC allows benefit of Article 13(4) of India Singapore DTAA on capital gains and rejects Revenue’s contention on application of Article 24 (Limitation of Relief)

Delhi HC: No error committed by Tribunal in law or in facts by following APA approach for non covered years

Indirect acquisition of shares of Target Company through share transfer in promoter entity triggers open offer obligations

Changes w.r.t. Liberalised Remittance Scheme (LRS) and Tax Collection at Source (TCS)

ITAT allows long term capital loss on intra group share transfer claimed through revised return

GST on intermediary service held constitutional by Bombay HC

ROC imposes penalty for violation of provisions related to private placement

SEBI consultation paper on regulatory framework for Micro, Small and Medium REITs

Use of International Credit Card outside India to come within the purview of LRS

Entry 6 of Schedule III of the CGST Act provides that lottery, betting, and gambling are subject to GST, while other actionable claims are not.

UAE Introduces Threshold limits for maintaining Transfer Pricing Documentation

Section 56(2)(viia) would prevail over section 47(vi) for shares transferred on account of amalgamation