Power to remove difficulties available in section 172 of CGST Act, 2017 was originally due to expire by 30th June 2020 was extended by two years vide Finance Act, 2020 with effect from 30th June 2020.
A fit note is a note that is genuine, sufficiently clean to allow its denomination to be readily ascertained and thus suitable for recycling. An unfit note is a note that is not suitable for recycling because of its physical condition or belongs to a series that has been phased out by Reserve Bank of India.
Discover the Audit Quality Review Report of Statutory Audit done by SRBC & Co LLP of IL&FS. Get insights into the financial year 2017-18.
The Ministry of Road Transport and Highways has issued a notification dated 28th June 2022, amending rule 95 of the Central Motor Vehicles Rules 1989. It mandates requirements of Rolling resistance, Wet Grip and Rolling Sound Emissions for tyres falling under classes C1(passenger cars) , C2 ( light truck) and C3 (truck and bus), as […]
Cess of Rs. 23,250 per tonne imposed on crude; import of crude not to be subject to this cess Special additional excise duty/Cesses imposed on exports of petrol and diesel at the rate of Rs 6 per litre on Petrol and Rs 13 per litre on diesel Special Additional Excise Duty (SAED) of Rs 6 […]
Get the latest updates on the major recommendations of the 47th GST Council meeting. Find out about rate rationalization, GST system reforms, and more.
Stay updated on the recent amendments in Division I of Schedule III of Companies Act 2013. Learn about the changes in rounding off figures, share capital disclosure, and more.
Reflecting on 5 years of GST in India: the challenges faced and the road ahead for taxpayers and professionals.
VAT exemption was allowable to Rusk also as same as Bread because the raw material as also the manufacturing process for Bread and Rusk was same and thereafter only the moisture was extracted, would not term that activity to be falling within the meaning of manufacturer as used in the Act.
NCLT held that if a Guarantor pays the debt on behalf of the Principal Borrower, then it steps into the shoes of the Creditor and can initiate Corporate Insolvency Resolution Process (CIRP) again the principal borrower.
