*****India won’t collapse like Sri Lanka or Pakistan but we are certainly in trouble: Swaminathan Aiyar – The Economic Times

clipped from: https://economictimes.indiatimes.com/news/economy/policy/india-wont-collapse-like-sri-lanka-or-pakistan-but-we-are-certainly-in-trouble-swaminathan-aiyar/articleshow/91685298.cms SECTIONS India won’t collapse like Sri Lanka or Pakistan but we are certainly in trouble: Swaminathan Aiyar Last Updated: May 20, 2022, 03:16

SC ruling unlikely to alter GST regime; power to reject Council’s recos never used: Revenue Secy – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/sc-ruling-unlikely-to-alter-gst-regime-power-to-reject-councils-recos-never-used-revenue-secy/articleshow/91670317.cms Synopsis The recommendations of the GST Council, as per the Constitutional amendment, were always a guidance and never a mandatory compliance, Revenue Secretary

Supreme Court’s observation in Ocean Freight ruling could change landscape of GST framework: Experts – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/supreme-courts-observation-in-ocean-freight-ruling-could-change-landscape-of-gst-framework-experts/articleshow/91659715.cms Synopsis The Supreme Court on Thursday, ruling has held that GST on ocean freight paid in case of import of goods is unconstitutional.

Assessee couldn’t avail Benefit of Service Tax Amnesty Scheme due to Covid-19: Delhi HC asks Govt to consider Extension of Scheme [Read Order]–TAXSCAN

Read More: https://www.taxscan.in/assessee-couldnt-avail-benefit-of-service-tax-amnesty-scheme-due-to-covid-19-delhi-hc-asks-govt-to-consider-extension-of-scheme/172046/ lipped from: https://www.taxscan.in/assessee-couldnt-avail-benefit-of-service-tax-amnesty-scheme-due-to-covid-19-delhi-hc-asks-govt-to-consider-extension-of-scheme/172046/ Top Stories By Taxscan Team – On May 4, 2022 2:07 pm A division bench of the Delhi High Court comprising Mr. Justice Rajiv

Income Tax: CBDT eases Compliance of TDS / TCS [Read Circular]–TAXSCAN

Read More: https://www.taxscan.in/income-tax-cbdt-eases-compliance-of-tds-tcs/175942/ lipped from: https://www.taxscan.in/income-tax-cbdt-eases-compliance-of-tds-tcs/175942/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=TDS%20/%20TCS Top Stories By Rasheela Basheer – On May 18, 2022 5:26 pm The Central Board of Direct Taxes (CBDT) has issued a circular prescribing the rules

Loan from Close Relatives & Friends cannot be treated as ‘Unexplained’ to invoke S. 68: ITAT [Read Order]–TAXSCAN

Read More: https://www.taxscan.in/loan-from-close-relatives-friends-cannot-be-treated-as-unexplained-to-invoke-s-68-itat/176004/ Clipped from: https://www.taxscan.in/loan-from-close-relatives-friends-cannot-be-treated-as-unexplained-to-invoke-s-68-itat/176004/ Top Stories By Rasheela Basheer – On May 19, 2022 4:23 pm The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the loan taken

Cash Deposit arising out of Sale of Agricultural Land cannot be treated as Unexplained: ITAT [Read Order]–Taxscan

Read More: https://www.taxscan.in/cash-deposit-arising-out-of-sale-of-agricultural-land-cannot-be-treated-as-unexplained-itat/176059/ Clipped from: https://www.taxscan.in/cash-deposit-arising-out-of-sale-of-agricultural-land-cannot-be-treated-as-unexplained-itat/176059/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Agricultural%20Land Top Stories By Taxscan Team – On May 19, 2022 2:37 pm The Income Tax Appellate Tribunal (ITAT), Chennai bench, while allowing an appeal