Input Tax Credit on inputs, input services and capital goods cannot be denied merely on the ground that one of the constituent service of the mixed supply attracts Nil rate of tax if provided separately.
Rishipal Investments and Finance (P) Ltd. Vs ITO (ITAT Delhi) We find, the AO, in the instant case, reopened the assessment on the basis of the report of the Investigation Wing that the assessee has received accommodation entry of Rs.23,50,000/- from four companies, the details of which are given in the reasons recorded. We find, […]
The UK today (Thursday 17 March) announced it is suspending the exchange and sharing of tax information with Russia and Belarus as part of continued efforts to inflict economic pain on President Putin’s regime. -The UK has suspended all exchange of tax information with Russia and Belarus under the UK’s exchange of information agreements -Move […]
India imported 17.44 LMT edible oils from Ukraine and 3.48 LMT edible oils from Russia in 2020-21 In a bid to control the rise in cooking oil prices, the Centre has cut the basic duty on Crude Palm Oil, Crude Soyabean Oil and Crude Sunflower Oil from 2.5% to Nil The basic duty on Refined […]
पहले ही सरकार ने नेशनल फाइनेंशियल आथिरटी के गठन के साथ ही सीए संस्थान के अनुपालनीय प्रक्रिया को सूचिबद्ध कंपनियों के केस से अलग कर दिया था और संस्थान सिर्फ छोटे केस में ही निर्णय दे सकती है. और अब जंयत सिन्हा की अध्यक्षता में गठित संसदीय पैनल ने आज अपनी रिपोर्ट संसदीय पटल पर […]
Shah Industries Through Proprietor Vishal Hastimal Sakaria Vs State of Gujarat (Gujarat High Court) The show cause notice is bereft on any material particulars or information. In the absence of any material particulars and the details, it is difficult for any individual to respond to such a vague show cause notice. Probably what the Authority […]
The film ‘KASHMIR FILES‘ has generated such a resounding success story in the realm of film making that it has kindled the conscience of the nation. While majority of the Indians has been emotionally moved by the visual contents of the movie pertaining to one of the darkest periods of ethnic cleansing of undisputable magnitude […]
Ensure a smooth transition to the new financial year with these important GST activities. Apply/renew LUT, select return filing frequency, and more.
A comprehensive guideline for scrutiny of GST returns for FY 2017-18 and 2018-19. Learn about the selection process, timeline, and risk parameters.
The March ending of a financial year is not just important for CA’s in completing the income tax assignments for the previous financial year but also for taxpayers in order to invest in different instruments for tax saving purposes. However the perception has changed in recent times and now the taxpayers not only want to […]
