Analysis And Implications of Supreme Court Decision on Ocean Freight – The game is not over till the last ball is bowled 1. In cricket (especially T-20) it is said and often turns out to be true that the game is not over till the last ball is bowled. One can witness similar sentiment if […]...
Author, in this article, analyses a supreme Court decision in the case of Northern Operating system dated 19-May-2022 which has un-settled an otherwise settled tax treatment of secondment of employees under both direct and indirect tax laws. ...
whether it is possible for the company to re-avail ITC which was earlier availed basis invoice/debit note in terms of Section 16 (2) of the CGST Act, 2017 and was reversed in the same tax period by complying with Section 17(2) of the CGST Act, 2017 read with Rule 42/43 of the CGST Act, 2017....
APCO Automobiles Private Limited Vs Superintendent of Central Tax and Central Excise and Ors. (Kerala High Court) -
HC stayed the order of cancellation of GST Registration and directed the Revenue Department to open the GST site so as to enable the assessee to continue their trading activities in relation to the stocks held by them at the time of passing of order for cancellation of GST Registration, for a period of two weeks....
The growth outlook in India and globally look to be slow amid longevity of Russia – Ukraine war and high inflation. All major agencies including IMF, S & P etc have lowered the projection for financial year 2022. However, GDP growth projection for financial year 2023 look better, though inflation is worrisome, there may not [&hellip...
Press Release: 2022-2023/279 -
27/05/2022
Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on May 30, 2022 (Series I of SGB 2015)...
Office Order No. 105 of 2022 -
27/05/2022
Office Order No.105 of 2022 – 65 transfer/postings in the grade of DCIT/ACIT (Local Changes)] F.No. A.22013/1/2022-Ad.VI (Part-I) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 27.05.2022 Office Order No. 105 of 2022 The following transfer/postin...
Principal Commissioner Vs Sri Laxmi Kala Mandir 70MM Theatre (NAA) -
Principal Commissioner Vs Sri Laxmi Kala Mandir 70MM Theatre (NAA) It is clear from the investigation carried out by the DGAP and also letter dated 03.06.2019 to Deputy Commissioner (Anti Evasion), Medchal, Hyderabad that the Respondent has maintained the same prices of all three categories of movie admission tickets which he was charging...
Jigar R. Shah Vs Jay Ambe Developers (National Anti-Profiteering Authority) -
Jigar R. Shah Vs Jay Ambe Developers (National Anti-Profiteering Authority) It is clear from the plain reading of Section 171(1) that, it deals with two situations:- one relating to the passing on the benefit of reduction in the rate of tax and the second pertaining to the passing on the benefit of the ITC. On […]...
MEANING AND PURPOSE OF LEGAL ENTITY IDENTIFIER The Legal Entity Identifier (LEI) code is conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis. The LEI is designed to enable the identification and linking of parties to financial transactions to ...