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F: Amount Recd in INR

A: S.68- not applicable in case of banking transactions done digitally wi...

A: RECENT DEVELOPMENTS IN GST

F: RCM TAX PAID ON IMPORT OF SERVICES

Open Banking in India (Remarks by Shri M. Rajeshwar Rao, Deputy Govern...

F: REFUND OF EXCESS TAX PAID IN FY 2019-20

F: calculation of turnover

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H: Reopening of assessment u/s 147 - the learned Single Judge was justifi...

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H: Reopening of assessment u/s 147 - Sham transaction - accommodation ent...

H: Power of CIT(A) enhancing the income of the assessee u/s. 251(1)(a) r....

H: TDS u/s 195 - use of logo - license fee payment without deducting TDS ...

H: Addition u/s 68 - undisclosed share application monies received from 5...

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Due dates for filing of Form GSTR-3B from the Tax Period of January, 2021

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N: Amendment in Notification No. S.O. 372(E), dated the 5th February, 2016

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H: Import of Brass Scrap(Melon) from Maldives - re-export of goods allowe...

N: Income-tax (10th Amendment) Rules, 2021

H: Seeking extinguishing of demand towards Central Sales Tax and VAT - Si...

H: Levy of penalty - There are no reason why the said benefit cannot be e...

H: Interest on differential amount of service tax - revision of price of ...

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₹ 98 crore heroin seized at IGI Airport by Custom officials

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Disallowance of discount from the taxable turnover - There is no evidence...

VAT and Sales Tax
3-4-2021

Disallowance of discount from the taxable turnover - There is no evidence that the dealer paid to the assessee the original value of the goods and not the discounted price - the authorities below have adopted a too technical an approach in disallowing the deduction of discount from the taxable turnover of the assessee. - HC

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