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Archive: 28 January 2017

Posts in 28 January 2017

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6501 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Remembering Mahatma Gandhi

January 28, 2017 486 Views 0 comment Print

It was on 30 January 1948 Mahatma succumbed to the bullets while he was on his way to the daily prayers. Though he left us physically, his teachings, numerous experiments in his personal life, politics and philosophy is fresh among the minds of people in India and other countries of the world.

GST- Input Tax Credit Cycle

January 28, 2017 12012 Views 9 comments Print

ITC in GST is like the oxygen to human body. Everything revolves around how the credit would get distributed and who would be the person actual bearing the liability to in which treasure box this collection will ultimately fall into Central/State government. To availing the credit only by those who are registered under the GST system being the mandatory condition.

Reduce customs duty on chilled & frozen sea food and poultry

January 28, 2017 1611 Views 0 comment Print

Government urged to to reduce customs duty on chilled and frozen seafood from present level of 30% to 10% to bring down food inflation and satiate high demand for seafood in India.

GST on healthcare will make medicare unaffordable

January 28, 2017 2679 Views 0 comment Print

The healthcare sector catering to the unmet health needs of the society should be kept out of the purview of the Goods and Services Tax (GST) or else medical care would become expensive and unaffordable for the common persons

Mark to Market Losses cannot be disallowed unless incurred in respect of speculative contracts

January 28, 2017 2259 Views 0 comment Print

HC held that mark to market loss in respect of forward contracts claimed as loss from business income cannot be disallowed as the forward contracts were secured for to cover variation in foreign exchange rate which would impact its business of import and export of diamonds.

Sachin Tendulkar gets Favorable verdict in Share Capital Gain Tax case

January 28, 2017 6201 Views 0 comment Print

In this ground, the Revenue is aggrieved with the action of Ld. CIT(A) in reversing the action of AO in treating the gain arising on sale of shares as ‘business income’ which was shown by the assessee as assessable under the head income from ‘capital gains

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