GST: If payments made to a charitable organization has character of gift or donation and purpose is philanthropic (i.e. it leads to no commercial gain) and is not for advertisement, then GST is not leviable; in all other cases GST is leviable

Taxation of Future & Options

Addition u/s 68 towards Share capital/ share premium, bogus purchases and deposit in bank account deleted by Delhi HC

“We wonder whether the officers of respondents ever bother to read the papers before writing the reasons or recommending for approval or while granting approval”: Bombay HC Issues strictures against AO for total non-application of mind

Admissibility of deduction u/s 40A(3) if the assessee made cash payments exceeding prescribed limit in supplier’s bank account directly

Income Tax Department conducts search and seizure operations in Haryana

Hon’ble Gujarat high court disposes the petitions on assurance by CBDT for resolution of technical glitches

Validity of denial of ITC for the reason that the supplier is not genuine and a 

Dear Auditors, Get Ready for  New Reporting Requirements in case of Companies Audit

De-activation of IECs not updated on the DGFT after July 01, 2020 w.e.f. February 01, 2022

Bare Minimum Expectations from Union Budget – 2022

Whether HUF can be a fictional entity or a group of natural persons who can reside in the house and take benefit of Sec 23(2)?

CBDT issue clarification on section 10(10D) in respect of taxation of ULIP

GST: Basis for computation of quantum of redemption fine payable in lieu of confiscation for release of goods is market value of goods and not MRP

GST : Offences under GST law are not grave to an extent where custody of accused is sine qua non

GST – ITC cannot be availed on works contract service for construction of factory building whether such construction is on own account or otherwise; ITC will be available on plant and machinery including machine foundation

Limitation extension order passed by the Supreme Court in view Covid-19 applicable to applications filed for refund of GST

GST : Limitation mentioned in para 3 of Press release dated 18-10-2018, clarifying that last date for availing ITC for invoices issued from July, 2017 to March, 2018 is last date for filing return FORM GSTR-3B for month of September, 2018 is valid.