Section 3(2) of the unamended 1988 Act is declared as unconstitutional for being manifestly arbitrary. Accordingly, Section 3(2) of the 2016 Act is also unconstitutional as it is violative of Article 20(1) of the Constitution.
In view of integration in the global market and the need for the Indian corporates to make a global impact, Department of Economic Affairs has notified Foreign Exchange Management (Overseas Investment) Rules, 2022. The rules notified are forward looking and favours the Indian Corporates by simplifying the legislation and providing clarity on the issues involving […]
Understand the GST audit process from start to finish. Learn about the importance of self-assessment and compliance with tax laws.
Panipat Exporters Association (PEA), Panipat is enlisted under Appendix 2E of FTP, 2015-20 for issuing Certificate of Origin (Non Preferential). Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Public Notice No. 22/2015-2020 | Dated: 23rd August, 2022 Subject: Enlistment of an Agency under […]
Purchase and capital expenditures are required to be reported under clause 44 of Tax Audit report as both falls under expenditure terminology
HC sets aside order cancelling GST registration, and held that SC suo moto extension of limitation period is applicable for filing appeal against cancellation
Whether Service Tax could be levied on Composite Works Contracts prior to the introduction of the Finance Act, by which the Finance Act, 1994 amended to introduce Section 65(105)(zzzza) pertaining to Works Contract Service.?
Held that if the parties are failed to prove the genuineness of entire transaction of such tainted purchases, the revenue authorities are not entitled to bring the entire transaction to tax. Authorities can tax the income component in such tainted transactions
Held that the Adjudicating Authority had failed to follow the requirement of Section 9D of the Act regarding examination in chief of witness, therefore demand of service tax on the basis of statements of persons cannot be sustainable.
#AD If you are interested in the world of cryptocurrencies, you have probably heard about mining. It is one of the most profitable investments in this business, which makes it very popular. However, as time goes on and things change, in the past anyone could mine, but now it can be very difficult to do […]
