Day: December 12, 2022
59 articlesFema / RBI

Fema / RBI
Master Direction – Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022
Income Tax

Income Tax
TDS u/s 195 not attracted on payment towards buy-back of shares as per Indo-Singapore DTAA
Goods and Services Tax

Goods and Services Tax
VAT not leviable on lease charges paid by Railway Department
Income Tax

Income Tax
No registration to Hospital as charitable organisation if charging commercial rates from patients
Custom Duty

Custom Duty
CBIC notifies inclusion of Land Customs Stations (Bhithamore and Barhni)
Service Tax

Service Tax
Penalty leviable could not exceed the amount for Compounding of Offence under GST Act
Custom Duty

Custom Duty
CVD provision based on international treaty shall be interpreted as per treaty obligations
Income Tax

Income Tax
Freight/ logistic support service is not FTS/ FIS and hence not taxable in India
Income Tax

Income Tax
ITAT allows interest expenses claimed based on merchandise system of accounting
Income Tax

Income Tax
Judgment of High Court to be followed despite challenge to the same
Goods and Services Tax

Goods and Services Tax
GST registration cancellation without issuing notice under rule 25 & based on mere physical verification not sustainable
Income Tax

Income Tax
Capital gain not assessable on land being an agricultural land
Goods and Services Tax

Goods and Services Tax
Order passed ex-parte in nature is bad in law
Income Tax

Income Tax
