Initiation of anti-dumping investigation concerning imports of Phthalic Anhydride (PAN) originating in or exported from China PR, Indonesia, Korea RP and Thailand.
Initiation of Anti-dumping investigation concerning imports of Polyester Yarn (Polyester Spun Yarn) from China PR, Indonesia, Nepal and Vietnam.
It has been noted in a few recent cases of defaults that even though the rated entity was able to correct the default within a relatively shorter span of time, the rating could not be upgraded and continued to be under sub-investment grade due to the extant provisions on post-default curing period of 90 days for the rating to move from default to speculative grade and generally 365 days for default to investment grade.
Asset reconstruction- It means to acquire the right or interest of any bank or Financial institution in any financial assistance with the purpose to realize such financial assistance. Such acquisition should be made by an Asset Reconstruction Company (ARC).
Earlier, the reverse charge concept was only there in Service Tax and was applicable to only services and not for goods. Under GST Law, Government have notified certain services and goods, on which GST is payable on the reverse charge basis.
This type of assessment outlines that every registered person shall make a self-assessment of his output GST payable and furnish the same in his respective monthly / annual return after discharging the aforesaid computed liability.
Input Tax Credit is one of the most significant features of the GST Regime which provides a solution to avoid payment of ‘tax on tax’ also known as cascading of taxes. As the entire supply chain is subject to the same tax, tax paid at every stage would be available for set off for payment of tax at successive stage.
The flag bearer of the initiative Aatmanirbhar Bharat Hon. Finance Minister Nirmala Sitharaman paved the way by laying down a corpus of Rs.20 lakh crore at the disposal of these massive policy reforms.
Unearthing tax evasion can often lead to discovering of other underlying offences. More often than not, it so happens that despite knowing the modus operandi used by tax evaders , law enforcement agencies are unable to prove beyond doubt the culpability of tax evader and it becomes difficult to put on record admissible material evidence […]
As we all know about the section 269ST, which was introduced by the Central Government in the Income Tax Act, 1961 by the Finance Act, 2017, to curb tax evasion, regulation and circulation of black money. 1. Basic Understanding of Section 269ST As per section 269ST, any person who enters into a transaction of Rs […]
