No GST on Loan from related person without consideration: CBIC
CBIC has vide its Circular No. 22/16/2024-GST dated 26th June, 2024 has clarified that no GST is applicable on Loan…
CBIC has vide its Circular No. 22/16/2024-GST dated 26th June, 2024 has clarified that no GST is applicable on Loan…
CBIC vide Circular No. 211/5/2024-GST dated 26th June, 2024 has clarified that input tax credit can be availed in respect…
CBIC vide Notification No. 45/2023 – Central Tax dated 6th September, 2023 has notified the Central Goods and Services Tax (Third Amendment)…
The provision relating to tax audit under section 44AB of the Income Tax Act, 1961 applies to every person carrying…
Patna High Court in its recent ruling in the case of M/s. Aastha Enterprises v. State of Bihar has held…
The GST Council in its 50th Meeting had inter alia recommended as under in regard to Mechanism to deal with…
For ready reference of our readers we have compiled a GST compliance calendar containing the important dates for compliance of…
The AAR, while hearing a case of Karnataka-based Srisai Luxurious Stay LLP, said that only rent for residential dwellings would…
The GST Council is likely to clarify the definition of online gaming, on which it had announced a 28 percent…
Loan given to credit-card holders will not be different from normal loan and will not attract Goods and Services Tax (GST), Calcutta High Court…
Rule 86B was inserted vide notification number 94/2020 dated 22nd December, 2020 and was made effective from 1st January 2021. As…
The Andhra Pradesh High Court in its recent judgment in the case Thirumalakonda Plywoods v. The Assistant Commissioner has inter alia…