Determination of Transaction Value Under GST | Key Provisions and Practical Impact
The term “Transaction Value” is defined as the price actually paid or payable for the supply of goods or services or both. This value is crucial as it is the amount on which the GST is calculated. The definition is covered under Section 15 of the GST Act. The transaction value includes not only the […]
Release of Guidance Note 1/2024 on provisions of the Direct Tax Vivad Se Vishwas Scheme, 2024
Publish Date : Tuesday, October 15, 2024 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1204/Press-Release-Release-of-Guidance-Note-1-2024-on-provisions-of-the-Direct-Tax-Vivad-Se-Vishwas-Scheme-2024-dated-15-10-2024.pdf source
CBDT rolls out e-DRS Scheme, 2022
Publish Date : Friday, August 30, 2024 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1198/Press-Release-CBDT-rolls-out-e-DRS-Scheme-2022-dated-30-08-2024.pdf source
NCLT’s Order for Appellant to Buy Minority Shareholder’s Shares Upheld, as Private Firm Lacks Open Market Sale Option
Case Details: Atlas Equifin (P.) Ltd. v. Jackie Kakubhai Shroff – [2024] 168 taxmann.com 58 (NCLAT-New Delhi) Judiciary and Counsel Details Justice Yogesh Khanna, Judicial Member & Ajai Das Mehrotra, Technical Member Navin Pahwa, Sr. Adv., Yashwardhan, Ms Kritika Nagpal, Gyanendra Shukla & Premav Das, Advs. for the Appellant. Rahul Chitnis, Hersh Desai, Ms Shwetal Shepal, Vashu Gupta & Chiranjivi Sharma, Advs. for the Respondent. […]
Gross Direct Tax collections for the Financial Year (FY) 2024-25 register a growth of 22.19%
Publish Date : Tuesday, June 18, 2024 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1192/Press-Release-Gross-Direct-Tax-collections-for-the-FY-2024-25-register-a-growth-of-22.19-dated-18-06-2024.pdf source
Guidance Note 1/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024
Publish Date : Tuesday, October 15, 2024 source
CBDT successfully achieves target of month long Special Campaign 4.0
Publish Date : Tuesday, November 5, 2024 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1211/Press-Release-CBDT-successfully-achieves-target-of-month-long-Special-Campaign-4.0-dated-05-11-2024.pdf source
Procedure for making declaration and furnishing undertaking in Form-1 under Rule 4 of The Direct Tax Vivad Se Vishwas Rules, 2024
Publish Date : Monday, September 30, 2024 source
More than 34 lakh Audit Reports filed till 7th October, 2024, on the e-filing portal of the Income Tax Department
Publish Date : Wednesday, October 9, 2024 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1203/More-than-34-lakh-Audit-Reports-filed-till-7th-October-2024-on-the-e-filing-portal-09-10-2024.pdf source
[Opinion] Interpretative Doctrines Embodied in Rajeev Bansal Decision
S. Mathangi – [2024] 168 taxmann.com 146 (Article) 1. Introduction It has been a month since the Hon’ble Apex Court had upheld the validity of almost 90,000 notices issued by the Tax Department during the Covid-19 period, giving the Department, a huge relief. The three Judges Bench of the Supreme Court comprising of Hon’ble Chief […]