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Archive: August, 2022

Posts in August, 2022

Recipient of of goods or services or both cannot seek advance ruling

August 17, 2022 1257 Views 0 comment Print

Supplier of goods or services or both who can seek an advance ruling on any of issues specified in clauses (a) to (g) of Section 97(2).

How do I recover my deductible from the at-fault driver?

August 17, 2022 1692 Views 0 comment Print

Getting in a car accident is an unfortunate situation, even if the accident is not your fault. There’s a risk of damaging your car severely, or worse, totaling it.

FAQs on Section 115BAB of Income Tax Act, 1961

August 17, 2022 10014 Views 2 comments Print

Get answers to FAQs on Section 115BAB of Income Tax Act, 1961. Learn about tax implications for new manufacturing domestic companies.

Strike Off of Company Without Filing of INC-20A

August 17, 2022 30818 Views 3 comments Print

Learn about the process of striking off a company without filing form INC-20A. Find out the requirements and procedures for closing your business operation.

Points To Ponder: Amended Schedule III of Companies Act, 2013

August 17, 2022 141105 Views 3 comments Print

Schedule III to the Companies Act, 2013 provides the manner in which the Financial Statements of a Company shall be prepared.

Is GST payable on foreign exchange gain/loss in case of import of services?

August 17, 2022 27567 Views 2 comments Print

Learn about the implications of foreign exchange gain/loss on import of services in terms of GST. Understand the taxable value and how to avoid interest and penalties.

Adjudication under Food Safety and Standards Act, 2006

August 17, 2022 6888 Views 0 comment Print

Understanding Adjudication under the Food Safety and Standards Act, 2006. Learn about the powers and responsibilities of the Adjudicating Officer and the rights of the aggrieved person.

Imposition of penalty/ tax for failure to re-validate e-way bill without finding of evasion is unjustified

August 17, 2022 2568 Views 0 comment Print

Sanskruthi Motors Vs Joint Commissioner (Kerala High Court) Held that the officer was duty bound to consider the explanation offered by the petitioner for the expiry of the e-way bill. Hence, imposition of penalty/ tax on allegation that there was ample time to revalidate the e-way bill not justified as there was no finding of […]

Insurer cannot avoid claim based on absence/fake/invalid driving licence

August 17, 2022 11133 Views 0 comment Print

Held that absence, fake or invalid driving licence or disqualification of driver to drive, are not in themselves defences available to the insurer against either insured/ third parties, to avoid liability towards insured. Insurer has to prove that insured was guilty of negligence and failed to exercise reasonable care.

Conditions on FDI in Construction Development, Industrial Parks & Satellites

August 17, 2022 3879 Views 0 comment Print

Sector Specific Conditions on FDI in Construction Development: Townships, Housing, Built-up Infrastructure, Industrial Parks, Satellites- Establishment & Operation

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