Understanding the retrospective and prospective application of amendment in Section 14A of the Income-tax Act.
Can We Claim Input Tax Credit (ITC) On The Products Which Are Converted From Exempted To Taxable and are in stock as on 18.07.2022?
Notices, Orders, Reports etc. Issued by Income Tax Department on or After 1st Oct,2019 without mentioning Computer Generated DIN are Invalid
Liquidity aggregators need to maintain low spreads to attract more traders. But there is no sole role of the company. What is a liquidity provider?
It can be held that even before the issue of process or examining the sworn statement of the complainant, there could be cognizance in a particular case.
Held that import of gold is not prohibited, but restricted subject to prescribed quantity on payment of duty.
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Jyoti Commotrade Private Limited Vs State of West Bengal (Calcutta High Court) Admittedly, the allegations relate to transactions pertaining to financial year 2017-2018 and accordingly by a notice dated October 22, 2021 the alleged claim of input tax credit to the tune of Rs.71,23,836.66 paisa each under CGST/SGST head had been disallowed. If that is […]
Registration of any business entity under the GST Law implies obtaining a unique GSTIN from the concerned tax authorities for the purpose of collecting tax on behalf of the Government and to avail ITC for the taxes paid on the inward supplies.
Held that antecedents cannot be an evidence for the alleged undervaluation of the goods. At best antecedents may be a reason for creating a suspicion and be a reason for causing an enquiry or Investigation.
