Recent Service Tax Tribunal ruling exempts blending, bottling, labeling, and packaging of Indian Made Foreign Liquor (IMFL) from taxable services, rejecting a demand of around one crore. The decision clarifies that job work services for IMFL are not considered business auxiliary services and are not subject to service tax, extending this exemption to the GST regime as well.
Held that since Cess on Paper is not a duty of excise the provisions of Section 11B of the Central Excise Act would not apply
Held that duty exemption benefit under notification no. 50/2003-CE dated 10.06.2003 cannot be denied because of a diversification of production capacity by adding new machines.
In order to comply with the provisions of the said Act for the purpose of TDS, the following steps are required to be taken by the DDOs: A. Registration as Tax Deductors in the GST common portal. B. Deduction of TDS amount as per the provisions from the bills to be paid to the suppliers/deductees. C. Deposit the TDS amount in to appropriate Government account(s). D. File tax Returns for TDS within the prescribed time limit.
DCIT Vs Virendrabhai Devjibhai Patel (ITAT Surat) ITAT observed that the transactions were done by the assessee and the real investment in the transaction was carried out by Shri. Dharmeshbhai Patel (in short SDP). The assessee and Shri. Dharmeshbhai Patel (SDP) entered into an arrangement wherein, Shri. Dharmeshbhai Patel (SDP) provided the money required to […]
Held that Melamina is a Syantan and accordingly benefit of duty free import under DFIA licence under Notification No. 98/2009-Cus dated 11.09.2009 available
ITAT Chandigarh held that the aggregator/ intermediary (OLA) acts merely as an intermediary and hence not liable to deduct TDS u/s 194C on payments made to drivers.
Once a company ensures compliance as mentioned in my previous article ‘Company IPO and Challenges’ with all requirements, the company should prepare for the launch of its IPO. First step to the Launch of Company IPO is the hiring of an investment bank
I’ve come across several inquiries on whether they can use their names or last names as brand names, is it against the law for a legitimate user to operate under their own name?
Explore the recent introduction of Federal corporate tax in the UAE, marking a significant change as the country moves towards taxing income. Learn about the applicability of corporate tax, rates for different income brackets, exclusions, exemptions, and filing requirements. Understand the impact on businesses and individuals as UAE undergoes this taxation shift effective from June 2023.
