Cash Deposit Out of Cash Sales treated as Undisclosed Income Under Section 68 & 69A of Income Tax Act, 1961 On the night of 8th November 2016 the honorable Prime Minister of India announced that Rs. 500.00 and Rs. 1000.00 notes will no longer be legal tender. No fresh transaction could be done using these […]
Case No. AD (OI)-48/2020 Dated: 15th May, 2021 Initiation of Anti-Dumping Investigation concerning imports of ―SOLAR CELLS WHETHER OR NOT ASSEMBLED INTO MODULES OR PANELS originating in or exported from China PR, Thailand and Vietnam.
Import policy for Tur /Pigeon Peas (Cajanus Cajan); Moong [Beans of the SPP Vigna Radiata (L.) Wilczek] and Urad [Beans of the SPP Vigna Mungo (L.) Hepper] is revised from ‘Restricted’ to ‘Free’ with immediate effect and for the period up to 31st October 2021. Further, import consignments of these items with Bill of Lading […]
1) Relevant Provision Section 16(1) and (2) of the CGST Act: “16. Eligibility and conditions for taking input tax credit. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input tax charged on any supply […]
Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur has shared on Whatsapp an Image which replies many of the Questions Posed to his Party related to Covid-19 and Vaccination. Text of the same is as follows:- Narrative: Modi or government did not see second wave coming Truth: On March 17 2021, at a COVID review meeting with CMs, […]
The Tribunal has jurisdiction to examine a question of law which arises from the facts as found by the authorities below .and having a bearing on the tax liability of the assessee . Where the tribunal is only required to consider a question of law arising from the facts ,we fail to see why such […]
Relaxations provided under Gas Cylinders Rules, 2016,so as to fast track approvals for imported cylinders and pressure vessels for storage and transportation of medical oxygen Government of India has reviewed the existing procedure for approval of global manufacturers for importing oxygen cylinders by Petroleum and Explosive Safety Organization (PESO). In view of the COVID pandemic, […]
