Notification No. 65/2020-Customs (N.T./CAA/DRI) Dated: 14.12.2020- Appointment of Common Adjudicating Authority Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 65/2020-Customs (N.T./CAA/DRI) New Delhi, dated 14.12.2020 S.O. 4563(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated […]
Notification No. 64/2020-Customs (N.T./CAA/DRI) Dated: 14.12.2020- Appointment of Common Adjudicating Authority Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 64/2020-Customs (N.T./CAA/DRI) New Delhi, dated the 14.12.2020 S.O. 4562 (E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. […]
Today I will discuss E-commerce in very simplified manner- Meaning of Electronic commerce-means the supply of goods or services or both including digital products over digital or electronic network. Electronic commerce operator means- any person who owns, operates or manages digital or electronic facility or platform for electronic commerce. ♠ Now there can be any […]
Rule 36(4) of the CGST Rules/WBGST Rules drawing its power from Section 43A(4) of the CGST Act/WBGST Act, which is yet to be notified, restricts ITC available to a buyer of goods or services to a maximum of 10% on the basis of the details of outward supplies furnished by the supplier of goods or […]
Assessee had no liability to pay service tax on the commission received in convertible foreign currency as the only requirement after the amendment in rule 3 (2) of the Export Service Rules 2005 was that the service recipient should be situated outside India and consideration should be received in foreign currency which both are satisfied.
DLF Home Developers Ltd. Vs Capital Greens Flat Buyers Association Etc. (Supreme Court of India) Supreme Court has upheld the findings of the NCDRC to hold that the “delay in the approval of building plans is a normal incident of a construction project. A developer in the position of the appellant would be conscious of […]
The Scheme of Presumptive Taxation for Professionals was introduced under Section 44ADA in the Finance Act 2016 and is applicable from Financial Year 2016-17 onwards. Need for Introduction of Section 44ADA Before 2016, the benefits of Presumptive Taxation were only given to Businesses under Section 44AD and to Transporters under Section 44AE. Specified professionals were […]
Applicability of provisions of sec 44AA, 44AB and 44AD when turnover is up to Rs. 1 crore Broadly speaking, provisions of Section 44AD of the Act are applicable to Resident Individual or HUF or Partnership Firm engaged in the business other than specified (excluded) business whose total turnover/ gross receipts are Rs.2 Crores or less. […]
Registration of FIR against assessee for offence under Section 56 of the Act of 2005 was bad, as no FIR for the said non-cognizable offence could be registered and for offence under Section 56, only complaint could be filed by the specified authority / person named in Section 60(a)/(b), that too cognizance can be taken by the jurisdictional criminal court only if previous sanction has already been granted by the competent authority under Section 59 of the Act of 2005.
