studycafe

PNB Fraud Unveiled in Greater Noida: Rs 35 Crore Allegedly Missing From Customers’ Savings Accounts and FDs:

Customers of Punjab National Bank (PNB), Greater Noida Branch, have alleged that about Rs 35 crore in cash seems missing from their savings bank accounts and fixed deposits. Several account holders ...
studycafe

CBDT Restricts Applicability of Chapter XIX Income Tax Provisions on Payments to IRRI Subject to Certain Conditions:

The Central Board of Direct Taxes (CBDT) under the Ministry of Finance (Department of Revenue) has restricted the imposition of the provisions of Chapter XIX of the Income Tax Act on the payments ...
studycafe

ITAT Holds Land Sale Gains Taxable as Capital Gains:

The assessee filed her return of income for Assessment Year 2023–24 declaring total income of Rs 16,68,66,420. During scrutiny, the AO noticed the sale of converted non-agricultural land in which the ...
studycafe

Vedanta Iron and Steel's Subsidiary Faces Proposed GST Recovery of Rs 11.76 Crore Plus Interest and Penalty:

ESL Steel Limited has received a GST Demand-cum-SCN proposing tax recovery and input tax credit reversal of Rs 11.76 crore, plus applicable interest and penalty. ESL Steel Receives Rs 11.76 Crore GST ...
studycafe

CBIC Introduces 67 Amendments to CGST Rules, 2017; Key Changes Effective from Nov 2026:

The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance (Department of Revenue) has introduced certain key amendments to the Central Goods and Services Tax Rules, 2017.
studycafe

GSTAT Allows Singapore Airlines’ Rs 45.92 Lakh GST Refund on Cancelled COVID-Era Tickets:

Singapore Airlines Ltd. is an international airline providing passenger transportation services which had collected GST on air tickets sold to passengers. During the period from October 2019 to March ...