Delhi High Court held that Form ITNS-150 sets out quantum of tax determination to be paid by assessee in an order u/s. 143 (3) of the Income Tax Act, thus any amendment thereof is to be made within ...

Jammu Kashmir High Court held that contractor is liable to pay GST at rates prevailing on last date for receipt of tender.

Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR) – Review of haircuts on High Quality Liquid Assets (HQLA) and review of composition and run-off rates on certain categories ...

The Ministry of Finance has imposed a provisional safeguard duty of twelve percent ad valorem on imports of certain “Non-Alloy and Alloy Steel Flat Products.” This includes hot rolled coils, sheets, ...

3. Accordingly, the Food Safety and Standards Authority of India (FSSAI) has recognized the National Food & Feed Reference Laboratory (NFFRL), Kathmandu, Nepal, for the analysis of food samples under ...

Bombay High Court directed release of bank guarantees since claim stood extinguished due to default on part of respondent to lodge their claim with Resolution Professional. Accordingly, interim ...

Rule 86B imposes a restriction on the utilization of Input Tax Credit (ITC) by mandating that registered persons whose taxable turnover (excluding exempt and zero-rated supplies) exceeds ₹50 lakh in a ...

Director’s Disqualification under Section 164 – A Must-Know for Every Compliance Professional If you’ve worked with companies or directors, you’d know that becoming a director isn’t always ...

From the above explanation is very clear that additional liability is the only difference of outward liability of GST Returns and books of account and not at all declared in GSTR1 of any period and ...

Krishna, I heard that the Central Board of Indirect Taxes & Customs (CBIC) had issued new Instructions related to GST registration? Krishna (Fictional Character): Yes Arjuna, on 17th April 2025, the ...

Section 44ADA of the Income Tax Act, 1961, provides a simplified scheme of taxation for professionals. It allows eligible ...

The income tax department argued that a cash deposit of ₹71.81 lakh during demonetiza-tion was not adequately explained in view of a cash balance of ₹6.3 lakh recorded as on 08.11.2016. They stated ...