Articles

The advisory is applicable to products such as pan masala, unmanufactured tobacco, cigarettes, cigars, chewing tobacco, etc.

GSTN Releases Advisory on RSP-Based Valuation of Notified Tobacco Goods under GST

The ITAT agreed with the CIT(A) that non-maintenance of the item-wise stock register alone cannot be the only reason to reject books.

AO Cannot Reject Books of Accounts Solely for Non-Maintenance of Stock Register: ITAT

Judgement

ITAT deleted interest disallowance, holding that advances to other business were part of regular business transactions and not proved to be from borrowed funds.

ITAT Deletes Rs 75.61 Lakh Interest Disallowance for Interest-Free Business Advances

The ITAT upheld CIT(A)'s order ruling that once the sales are accepted, the entire purchases cannot be treated as non-existent.

Only Profit Can be Taxed in Bogus Purchase Case: ITAT Rejects Revenue Appeal

ITAT granted a charitable trust one final opportunity to submit documents for Section 12AB registration, imposing a Rs. 5,000 cost due to repeated non-compliance.

ITAT Grants One More Opportunity to Charitable Trust for Section 12AB Registration, Imposes Rs. 5,000 Cost

News

The EOC has booked a Belagavi-based logistics firm head for allegedly organizing Rs 10 crore GST scam.

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GSTN Releases Advisory on RSP-Based Valuation of Notified Tobacco Goods under GST

AO Cannot Reject Books of Accounts Solely for Non-Maintenance of Stock Register: ITAT

ITAT Deletes Rs 75.61 Lakh Interest Disallowance for Interest-Free Business Advances

Only Profit Can be Taxed in Bogus Purchase Case: ITAT Rejects Revenue Appeal

ITAT Grants One More Opportunity to Charitable Trust for Section 12AB Registration, Imposes Rs. 5,000 Cost

Fake Transactions, Forged Filings: GST 'Expert' Accused in Rs 10 Crore Scam