It has been stated that in automobile sector, the contract between the automobile dealers and the Original Equipment Manufacturers (OEMs)...

Bajaj Electricals Ltd has made headlines with a stunning reduction in its GST tax demand for the financial year 2017-18. Originally set...

The Goods and Services Tax (GST) system in India has undergone significant changes since its launch in 2017. One of the most important...

Birla Corporation recently secured a pivotal legal victory involving a ₹3.73 crore demand related to CenVat credit on capital goods. This...

In a landmark ruling by the Allahabad High Court on August 20, 2024, the case of Vijay Trading Company v. Additional Commissioner ...

Navigating the complex waters of finance and taxation can be challenging, especially for large companies like Shree Renuka Sugars...

On December 4, 2024, the Deputy Commissioner of State Tax in Maharashtra imposed a penalty of Rs 20,000 on Adani Enterprises Limited....

In a corporate landscape where compliance is king, the tale of Ashok Kumar and M/S Surya Sales Corporation stands as a testament to the...

In the case of M/S Indeutsch Industries Private Limited V. State of UP, the Allahabad High Court Passed its judgement on 02 Feb 2024 that...

The Patna High court in the following case has clearly passed the decree that ITC not allowed to purchaser if seller defaults in GST...

During finalisation of accounts, the following points are to be considered while finalisation of such assets. 1. Blocked/ Ineligible...

The scope of restriction under section 17(5) of the CGST Act was widened by placing restriction on rent-a-cab to leasing, renting or...

ITC is blocked on certain types of motor vehicles even though they may be used in the course or furtherance of business. This would be so...