ITAT allows deduction for employment of new workmen u/s 80JJAA by way of submission despite not filing revised return of income.  In a recent judgment, ITAT Rajkot has upheld the order of the CIT(A) allowing deduction respect of employment of new workmen u/s. 80JJAA claimed by way of …

Addition u/s 68 for cash collection from exhibition of films in the theaters deleted as the amount was duly recorded in books of account.  In a recent judgment, ITAT Chennai has deleted the addition u/s 68 towards cash collection from exhibition of films in the theaters as the …

ITC for goods  delivered  by  supplier  at  his  place  of business under Ex-Works Contract CBIC has issued Circular No. 241/35/2024-GST dated 31.12.2024 clarifying availability of input tax credit as per clause (b) of sub-section (2) of section 16 of the Central Goods and Services Tax Act, 2017 in …

CBIC Clarification on place of supply of Online Services supplied by the suppliers of services to unregistered recipients CBIC has issued Circular No. 242/36/2024-GST dated 31.12.2024 clarifying on place of supply of Online Services supplied by the suppliers of services to unregistered recipients. CBIC was informed by field …

CBIC clarification on reversal for ITC availed by electronic commerce operators CBIC issues Circular No. 240/34/2024-GST dated 31.12.2024 clarifying in respect of input tax credit availed by electronic commerce operators where services specified under Section 9(5) of Central Goods and Services Tax Act, 2017 are supplied through their …

Clarification on various issues pertaining to GST treatment of vouchers CBIC has issued Circular No. 243/37/2024-GST dated 31.12.2024 clarifying  various issues with respect to vouchers such as whether transactions in voucher are a supply of goods and/or services, whether GST is leviable on trading of vouchers by distributor/sub-distributor …