News

GST Rate of 5% is applicable on food prepared in Restaurants. However, it does not matter if prepared food is ordered at home or eaten at restaurants itself.

5% GST only on food prepared in restaurants, Readily available food do not qualify as restaurant services; Check Details

CBI has filed a chargesheet against then Deputy General Manager of FCI and and Proprietor of a private company in a Fraud Case.

Assam FCI Scam: CBI files Chargesheet against Ex-FCI official in Rs.55.28L Fraud Case

As Union Budget 2023 is around the corner, most of taxpayers are demanding an increase in slab limit and an increase in Section 80C Deduction Limit.

Budget 2023: Will there be any Tax Slab Change in Upcoming Budget? Getting signals!

Budget 2023: Will there be any Tax Slab Change in Upcoming Budget? Getting signals

5 shops owned by 4 scrap dealers in Chhatarpur raided by 5 teams from the sales tax department in aimed of GST Evasion.

5 Scrap Shops Raided in aimed of GST Evasion

GST collection increased 22% to Rs. 41351 crore in the first three quarters of this financial year (April-December).

Delhi GST collection sees a rise of 22% to Rs 41351 cr in Apr-Dec

Judgement

The Income Tax Appellate Tribunal, Gauhati Bench has upheld the finding of the ld. CIT(A) that there is no requirement under the provisions of the Act for deduction of tax at source by the partnership firm on salary, bonus, commission or remuneration etc or whatever name called given or credited to a partner of a firm.

No TDS applicable on salary, bonus, commission etc given to partner by partnership firm: ITAT

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