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Archive: 20 July 2022

Posts in 20 July 2022

Course on Mastering GST Sections Effortlessly with Memory Techniques!

November 28, 2024 6222 Views 0 comment Print

Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Register now for practical GST mastery!

Relevance of Indirect Tax Planning In Domestic Food Expenditure – Buy More To Pay Less Tax (GST)

July 20, 2022 3405 Views 1 comment Print

GST Liability on pre-package and labelled commodity has been matter of serious debate among trade and professional circles in last few weeks. In this article I share some of my thoughts on pros and cons on this new imposition of tax.

GST rate increase for Government projects (works contracts) – impact & way forward

July 20, 2022 341082 Views 11 comments Print

Recently, GST council in its 47th Council meeting has recommended for rate increase to 18% for all Government works which was followed by issuance of Notification No. 03/2022-C.T (R) dated 13.07.2022.

GST on Residential Rent from 18th July 2022

July 20, 2022 121746 Views 0 comment Print

Attention tenants! New GST rules on Renting of Residential Property effective from 18th July 2022. Understand Reverse Charge Mechanism (RCM) and your responsibilities. Registered tenants face an 18% GST on rent. Stay informed!

Drawback u/s 74 not available to importer availing benefit of notification no. 27/02-Cus

July 20, 2022 5928 Views 0 comment Print

Bombay High Court held that importers who fall under Notification No. 27/02-Cus dated 1st March 2002 are not entitled to any drawback under Section 74 of Customs Act 1962.

GST on pre-packaged and labelled goods effective from 18th July 2022

July 20, 2022 13743 Views 0 comment Print

Discover the latest GST changes effective from 18th July 2022 through Notification No.6/2022 Central Tax (Rate) dated 13th July 2022. CBIC has revamped rates, aiming to eliminate the inverted duty structure and tax previously exempted goods. Notably, pre-packaged and labelled goods are now taxable. Explore the conditions defining ‘pre-packaged and labelled’ and stay informed on the impacts of these changes.

SC on Service Tax on secondment Services of Overseas group company employees

July 20, 2022 2841 Views 1 comment Print

Explore the Supreme Courts verdict in the case of Commissioner of Customs, Central Excise & Service Tax, Bangalore vs Northern Operating Systems Private Limited regarding Service Tax on secondment services of overseas group company employees. Gain insights into the analysis, issues, and the court’s conclusion.

Service tax demand merely based on TDS/26AS statement is unsustainable

July 20, 2022 5934 Views 0 comment Print

Held that the demand of services tax is not sustainable on the basis of TDS /26AS statements.

Sale of software products is not royalty income so not taxable in India

July 20, 2022 1389 Views 0 comment Print

Held that it is well settled law that, the sale of software product which will not giving rise to royalty income.

Section 263 revision without recording errors found in order is unsustainable

July 20, 2022 774 Views 0 comment Print

Held that Commissioner should not simply relegate the point that the assessment order is erroneous to the AO. The Commissioner, after analyzing the record, ought to have recorded a categorical finding and provided valid reasons as to how the assessment order is erroneous. Revision unsustainable

Calcutta HC directs removal of Risky exporter tag and allows refund of duty drawback & IGST claim

July 20, 2022 2607 Views 0 comment Print

Nexage Innovations Vs Deputy Commissioner of Customs & ors. (Calcutta High Court) Calcutta High Court directs removal of Risky exporter tag and allows refund of duty drawback and IGST claim Hon’ble Division Bench of the Hon’ble Calcutta High Court in the matter M/s. Nexage Innovations Vs. The Deputy Commissioner of Customs & Ors M.A.T. 916 of […]

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