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Archive: 22 December 2022

Posts in 22 December 2022

GST credit Reversal on goods used for free supply under warranty period?

December 22, 2022 13131 Views 0 comment Print

Warranty is a type of guarantee that provides repairs or exchanges if the product does not function as expected. Learn about GST credit Reversal on goods used for free supply under warranty period here!

Classification of service depends on essential character of service

December 22, 2022 1119 Views 0 comment Print

CESTAT held harvesting and transportation charges deducted were not to be considered as charges for independent supply. Hence, not liable for service tax.

करमुक्त संस्थानों द्वारा बाजार दर से सेवाएं देना पड़ सकता है भारी

December 22, 2022 912 Views 0 comment Print

हाल में ही हैदराबाद आयकर अपीलीय प्राधिकरण ने एक सामाजिक एवं सेवा संस्थान फर्नाडीज फाउंडेशन की करमुक्त मान्यता को विभाग द्वारा रद्द करने के फैसले को सही ठहराया है. इस केस का नं आईटीए १८८४, १८८५, हैदराबाद, २०१९ एवं आईटीए २९९, हैदराबाद, २०२० है. कहा यह गया कि उपरोक्त संस्थान जो की फर्नाडीज हास्पिटल नाम […]

Registration of Pensioners’ Associations under Pensioners’ Portal Scheme- Date extended

December 22, 2022 786 Views 0 comment Print

Department is pleased to inform that last date for submission of applications has been extended by 30 days from date of this advertisement.

GST on Agriculture Equipment

December 22, 2022 11250 Views 0 comment Print

Agricultural implements manually operated or animal driven i.e. Hand tools, such as spades, shovels, mattocks, picks, hoes, forks and rakes; axes, bill hooks and similar hewing tools; secateurs and pruners of any kind; scythes, sickles, hay knives, hedge shears, timber wedges and other tools of a kind used in agriculture, horticulture or forestry other than Ghamella.

States requested for extension of payment of GST compensation Cess

December 22, 2022 1581 Views 0 comment Print

Few States have requested for extension of payment of GST compensation beyond transition period of five years. As per Section 18 of the Constitution (One Hundred and First Amendment) Act, 2016

Currently, crpyto assets are unregulated in India

December 22, 2022 855 Views 0 comment Print

Currently, crpyto assets are unregulated in India. The government does not register crypto exchanges. Crypto assets by definition are borderless and require international collaboration to prevent regulatory arbitrage.

Income Which Do Not Form Part of Total Income

December 22, 2022 16578 Views 1 comment Print

Income Tax Act 1961: Explore the section 10 clause that exempts some income from Total Income. Learn more about Sec 10(39) and its parameters!

SCN issued after 10 years from the date of issuance of first SCN is void: HC

December 22, 2022 2844 Views 0 comment Print

Impugned show cause notices are void and bad-in-law in view of non-adjudication after a lapse of nearly 10 years from the date of issuance of first show cause notice.

Objective and Implication of Taxation in India

December 22, 2022 62586 Views 2 comments Print

Taxation and its primary objective in India: generating revenue, redistributing wealth, and more. Learn about the implications of taxation in India.

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