Farmer Producer Company (FPC) allows farmers who are producers of agricultural products to form groups & register under Companies Act.
Author explained changes in GST and its impact on Goods Transport Agency (GTA) with FAQs & explained option to pay GST under forward charge
S. D. Enterprises Vs Assistant Commissioner (Calcutta High Court) Petitioner submits that since the petitioner has approached the appellate authority under the statute and has complied with the provisions regarding deposit of a portion of the disputed amount of tax, the respondent authorities could not have debited the aforesaid amount from the electronic credit ledger […]
ITAT held that held that the profit element involved in the bogus purchases should be brought to tax and upheld the addition of estimated profit element of 12.50% of the value of non-genuine purchases.
Concept of SIF which is found extensively in foreign jurisdiction can be employed in India to increase the domain of instruments, and to provide a two-fold benefit to the corporates as well as the NPOs, thereby driving the whole machinery without any active involvement of the NPOs itself in the business sector.
NAA held that Pareena Infrastructure not passed ITC benefit by way of commensurate reduction in price of flat for project Laxmi Apartment
An entity intending to undertake ship lease in IFSC, shall be registered as a Finance Company / Unit, as per IFSCA (Finance Company) Regulations, 2021.
