Informatica Business Solutions Pvt. Ltd. Vs DCIT (ITAT Bangalore) Assessee has sold software products and also received income for providing support services. He submitted that providing ancillary support services is also related to sale of software products only. He submitted that the decision rendered by Hon’ble Karnataka High Court in the case of Samsung Electronics […]
Two-wheeler finance eases the burden of having to pay a bulk amount out of your pocket at once. Here are five things to consider before applying for a two-wheeler loan to ensure you get the best deal possible.
Central Universities (Amendment) Bill, 2021 is introduced in lok Sabha on 05/08/2021. The Central Universities (Amendment) Bill, 2021 seeks to amend the Central Universities Act, 2009 inter alia to provide for the establishment of a University in the name of ‘Sindhu Central University’ in the Union territory of Ladakh. AS INTRODUCED IN LOK SABHA Bill […]
In re Sri Avantika Contracts (I) Limited (GST AAR Telangana) 1. Whether the construction of Institute of Security and Law Enforcement studies at Addu City in Maldives, constructed for Government of Maldives under an Memorandum of Understanding between India and Maldives falls within the GST net? The applicant who is the supplier of service & […]
RBI cautions the public not to fall prey to fictitious offers of buying/ selling of Old Banknotes and Coins It has come to the notice of Reserve Bank of India that certain elements are fraudulently using the name/ logo of Reserve Bank of India, and seeking charges/ commission/ tax from public, in transactions related to […]
The government has now decided to resume the blocking of EWB generation facility on the EWB portal, for all the taxpayers in terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, from 15th August onwards.
Every registered person whose aggregate turnover is more than 2 Crores is required to file an Annual Return in form GSTR-9 on or before the 31st day of December of the following financial year (i.e., for FY 2020-21 it is 31st December 2021).
Inverted Duty Structure refers to a situation where the rate of tax on inputs being higher than the rate of tax on output supplies. In such a case, Input Tax Credit gets accumulated and registered person can claim refund. Section 54 of CGST Act, 2017 is the principal Section for claiming refunds. First proviso to […]
As we know, an income tax return is to be furnished within the prescribed time limit. In case of failure, the taxpayer will be liable to pay interest for delay in filing of an income tax return. Accordingly, such interest is payable as provisions of section 234A of the Income Tax Act, 1961. Recently, while […]
Junglee Games India Private Limited Vs The State of Tamil Nadu (Madras High Court) The petitioners complain of an over-paternalistic stance taken by the State in bringing about sweeping amendments to an existing law that, according to the petitioners, infringe their fundamental rights and are otherwise unreasonable to the point of being manifestly arbitrary. 2. The […]
