Background: Pre GST regime allowed consignment sale to Consignees as well as stock transfers (against Form ‘F’ within the same PAN, but different VAT TIN’s). This made business easier and in tune with the intent of not transferring the ownership in goods to the consignee. Needless to say, the Insurable Interest rested with the Consignor/Transferor, […]
There is a lot of confusion on the issue of taxability of interest on PF (Provident fund) on employee’s contribution in excess of Rs 2,50,000 P.A w.e.f FY 2021-22. Before going in to that let’s have a relook into the provisions brought by the Finance Bill 2021. “Taxability of Interest on various funds where income […]
Summary of Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 ♣ On 22.01.2021, the Ministry of Corporate Affairs notified the Companies (Corporate Social Responsibility policy) Amendment Rules, 2021 ♣ These amendments have introduced some significant changes to provide framework for implementation of new provisions of the Companies (Amendment) Act 2019 and Companies (Amendment) Act 2020. […]
The statement from the India Finance Minister about the Budget 2021 to be an exceptional one which India has not seen in past 100 years; had made all the business community and society at large expect it to be an optimistic one that would revive the Indian economy and boost the India growth story. And […]
Venkateshwara Power Projects Ltd Vs Commissioner of Central Tax (CESTAT Bangalore) Assistant Commissioner passed the Order-in-Original on 18/03/2019 but the same was not actually delivered to the appellant. The appellant only came to know on 12/03/2020 when they received a letter from the Superintendent informing them about the passing of the Order-in-Original and ordered to […]
