Vishal Chaturvedi

Grants do not Form Corpus of the Assessee nor is It his Income under Section 11: ITAT

The Income Tax Appellate Tribunal ( ITAT ) Delhi Bench, has, on Friday, held that grants do not form the corpus of the assessee nor is it income of the assessee under Section 11 of the Act. The aforesaid observation was made by the tribunal while dismissing the appeals filed by the revenue on the […]

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Services rendered under Contract with State Urban Development Authority about functions entrusted to Municipalities and Panchayats are Pure Services, Exempt from GST: AAR

The Authority of Advance Ruling (AAR), Uttar Pradesh has ruled that the service rendered under contract with state urban development authority regarding functions entrusted to municipalities and panchayats are pure services and exempted from GST. M/s KDS Services (P) Ltd, is a registered assessee under GST having GSTN: 09AADCK2144H2ZN. State Urban Development Authority (SUDA), Lucknow

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Action against seven institutions evading GST of more than ₹68 crores

The Central Goods and Services Tax (CGST) has taken major action against seven institutions evading GST of more than ₹68 crores by issuing fake ITC bills. It is being told that these institutions were passing ITC to the taxpayers from outside the state as well as the state. The department says that in the coming few

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Government to Decriminalize GST Offences Soon: Revenue Secretary Tarun Bajaj

Revenue Secretary Tarun Bajaj has said that the government will soon come out with norms for decriminalising offences under Goods & Services Tax (GST). In an interview to business line, he also said that windfall gain tax on domestically produced crude oil and on export of diesel and ATF will continue till there is windfall

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Karnataka Chief Minister Bommai vows to discuss essential items at next GST Council meet

Following criticism over GST (Goods and Services Tax) Council’s decision on taxing certain essential commodities, Karnataka Chief Minister Basavaraj Bommai on Tuesday said the next meeting of the Council meeting would discuss that issue. He was responding to remarks by Deputy Leader of Congress in the Legislative Assembly U T Khader and the party’s senior

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