Notification No. 25/2022-Customs Dated: 21.05.2022: Reduction of Central Excise Duty on Petrol & Diesel. Central excise duty has been reduced by ₹ 8 per litre for Petrol and by ₹ 6 per litre for Diesel (by reducing Road & Infrastructure Cess). MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 25/2022-Customs | Dated: 21st […]
Principal Commissioner Vs Reliance Industries Ltd. (Gujarat High Court) Generation of LPG, a by-product, cannot hinder the fact that entire quantity of input and input services used for manufacture of dutiable product Facts- The respondent is engaged in the manufacture of excisable goods like Motor Spirit, High Speed Diesel, LPG etc. It is the case […]
The basic issue is that, in most cases, the ocean freight is paid by the seller or companies that are not based in India. So, for instance, if a company based in USA is exporting goods to India, the company tends to enter into an agreement with shipping companies and pay ocean freight.
The concept of Limited Liability in Partnership is arrived from the Companies where the shareholders are liable to the extent of amount unpaid towards the shares held by them, which came into existence in 1897 through a Landmark judgement: Salomon v Salomon & Co Ltd. The same kind of protection is also given to the Limited Liability Partnership wherein the designated partners are not personally liable.
Understand the provisions and procedures of ESOP (Employee Stock Option Plan) in this informative blog post. Learn how companies use ESOP to give ownership interest to their employees.
Explore the provisions for buyback of shares in detail. Learn about the maximum limit, debt equity ratio, and authorization required for buyback.
Learn the step-by-step procedure for converting a partnership firm into a limited liability partnership (LLP) and ensure a smooth transition.
Understand the complexities of AMP expense as an international transaction. Learn about the deductions allowed under the Income Tax Act for advertising, marketing, and promotion expenses.
Learn about the SOP for scrutiny of GST returns for FY 2017-18 and 2018-19. Understand the legal provisions and potential issues faced by taxpayers.
Explore the proliferation of unregistered estate agents in the Indian real estate market. Learn about the legislative framework and the current scenarios.
