In re Ruby Mills Ltd. (GST AAR Uttarakhand) Whether fusible interlining fabrics of Cotton fall for classification HSN Code 5903 or under chapter 52? On perusal of the Note 2 to Chapter heading 5903 , we find that the said heading covers textile fabrics, impregnated, coated, covered or laminated with plastics. Such products are classified here whatever […]
In re Fom Aluminium Machines Pvt. Ltd. (GST AAR Karnataka) The third question which reads as ‘Is IGST paid under RCM eligible for ITC?’ The levy of IGST is only on the inter-state supplies and importation of goods/services is treated as inter-state supply, in terms of Section 7(2)/7(4) of the IGST Act 2017 respectively. The […]
Notification No. 06/2020-Customs (ADD)- Seeks to amend notification No. 07/2015-Customs (ADD) dated 13th March 2015 so as to extend anti-dumping duty on ‘Sheet Glass’ originating in or exported from China PR. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 06/2020-Customs (ADD) New Delhi, the 12th March, 2020 G.S.R…. (E). – Whereas, the […]
Field formations have reported that they are facing several issues while issuing EWB-06. A detailed FAQ has been prepared and enclosed herewith for easy reference of the field formations.
Target is Donald Trump. Yes, the crude oil crash and the war is targeted to get Trump to lose the election since major funding sources are already dead and will be dead more in the coming days. The coronavirus has killed the economic growth and now the crude will kill the key sources of election […]
THE MAJOR PORT AUTHORITIES BILL, 2020- A BILL to provide for regulation, operation and planning of Major Ports in India and to vest the administration, control and management of such ports upon the Boards of Major Port Authorities and for matters connected therewith or incidental thereto.
Learn about Ind AS 40 Investment Property and its accounting treatment and disclosure requirements.
Please find the article ‘Analysis of Notification 41/2017 of Integrated Tax (Rate)‘ . The Readers shall be benefited by this article which contains complete analysis about supply of goods at reduced rate of tax to the exporter. The rate of GST has been reduced on all supplies with effect from with effect from 23-10-2017 by virtue […]
Introduction: With the upcoming dynamic changes and advancement of new ideas, now a days people and mostly start-ups are thinking of setting up of a Separate Entity to run their business and among option of registering business with Sole Proprietorship, Partnership, Limited Liability Partnership, One Person Company and Private Limited Company etc. A Private Limited […]
The Apex Court has finally provided closure to one of the most litigatious aspect of the Income Tax statute. While deciding the appeal in the case of Seshasayee Steels (P.) Ltd v. ACIT [2020] 115 taxmann.com 5 (SC), the Apex Court has interpreted section 2(47) of the Income Tax Act, 1961 which defines the term […]
