SEBI has received requests from AIF Industry to extend the aforesaid timeline for applicability of the modified reporting requirements. After consideration, it has been decided that in partial modification to para 5 of the aforesaid Circular, the modified reporting requirements shall be applicable for quarter ending September 30, 2022 onwards.
Finance Minister Smt. Nirmala Sitharaman chairs Pre-Budget consultation with Finance Ministers of States Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) for Union Budget 2022-23 here today. The meeting was attended by Union Minister of State for Finance, Chief […]
Telangana HC issues Notice to Govt on Roppen Transportation Services Private Limited’s Plea challenging Withdrawal of GST Exemption on Auto Rides through E‑Commerce Operators.
Are you planning to avail a home loan? Have you already availed a home loan but are not sure if you should prepay your loan or keep it as it is because of the associated tax benefit? If so, this article may help you decide your way forward. Although your bank must have already educated […]
DGGI refutes multiple speculative media reports in case of M/s Odochem Industries; sets the record straight on facts In the context of ongoing investigations by the Directorate General of GST Intelligence (DGGI) in the case of M/s Odochem Industries, Kannauj- a manufacturer of perfumery compounds – and its proprietor Shri Peeyush Jain, wherein a total […]
Every assessee is required to submit to the Return of Income to the Income Tax Department under section 139(1) of Income Tax Act, 1961. The Return of Income can be filed by the assessee in the Form prescribed by the Department in this regard. Here in this article, we will discuss about the various types […]
The basis and crux of the so called Good & Simple Tax (GST) is to provide set off of the input tax (i.e. the tax on purchases made) from the output tax liability (i.e. the tax on the sales incurred) and finally to remove cascading effect of tax. INVERTED DUTY STRUCTURE: – In general parlance […]
In Today’s corporate world, one of the most talked topic is Mergers and Acquisitions which is now become an integral part of business strategy. Many Company’s Acquires another company to gain the market share in the economy and to gain synergy or to avoid the competition.
As we know certain services are added in list of notified services w.e.f 01.01.2022 so let us discuss Section 9(5) of CGST Act, 2017 in simplified manner- Section 9(5) deals with taxability of supply of services –output tax of which shall be paid by e-commerce operator even though e-commerce operator is not the actual supplier. […]
Tata Motors Ltd. Vs Commissioner of Central Excise (CESTAT Mumbai) We find that in the facts and circumstances of the present case the shortages and excesses if any found are theoretical due to huge quantity of inputs handling. It is not a case of the Department that the appellant have ever removed any Cenvat inputs […]
