Mahesh Malneedi Vs ITO (ITAT Hyderabad) As far as the assessee is concerned, he was aware of the bank loan and also the default committed by the vendor in repaying the loan. Thus, the property was not without an encumbrance as on the date of filing of the return and there was no certainty of […]
The Supreme Court, last day stayed all the proceedings pending before the Delhi and Chattisgarh High Courts relating to petitions challenging the levy of Goods and Services Tax (GST) on services provided by individual lawyers or firms.
I took a review meeting of the officers of both Hyderabad and Vizag zones, where a detailed presentation on the work performed by them in areas of GST and Customs was made. Some innovative ideas which were highlighted and brought to my notice were (i) setting up of a Special Task Force with 1 AC and 1 Superintendent both at ACC and ICD to deal only with the IGST refunds.
In the normal course of taxability in GST liability to pay GST on supplier on supply of Goods or services but in some cases recipient of goods or services liable to pay GST. The concept of reverse charge under GST is similar to the e reverse charges liability in previous service tax law
The Finance Act, 2016 inserted a new Chapter XII-EB to provide for levy of additional income tax in case of conversion into, or merger with, any non-charitable form/entity or on transfer of assets of a charitable organisation on its dissolution to a non-charitable institution.
Public Notices No. 57/2015-2020-DGFT In exercise of powers conferred under Paragraph 1.03 of the Foreign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade makes the following amendments in Appendix 4J of Hand Book of Procedures 2015-2020
AS 10 has been taken as the base for formulating the upgraded Standard on Property, Plant and Equipment. The upgraded Standard on AS 16 is almost similar to AS 10. However, there are certain differences between draft AS 16 and AS 10.
UAE Cabinet Decision No 59 of 2017 approves the List of Designated Zone (DZ) for UAE VAT Law. Summarizing the Key impact of VAT on transactions related with DZ. All Free Zones are not being treated as DZ resulting that companies in the Free Zones except those declared as DZ are to be treated as […]
Government of Maharashtra makes the following amendments in Notification No. 45/2017- State Tax (Rate)], dated the 14th November, 2017, published in the Maharashtra Government Gazette, Extra-ordinary, Part IV-B, No. 374, dated the 14th November, 2017, namely :—
Government of Maharashtra hereby exempts the state tax on intra- state supplies of goods, the description of which is specified in column (3) of the Table below
