CESTAT Chennai held that penalty of only 25% and not 100% leviable as duty along with interest and 25% penalty is paid within 30 days from the receipt of Order-in-Original.
ITAT Bangalore held that from clause (5) of Guidance Note issued by ICAI that the cost of construction and also saleable project area needs to be taken into account while recognizing revenue under the Percentage Completion Method.
Learn about Section 194Q & Section 206C (1H) of the Income Tax act, 1961, and how they form TDS on payments for purchase of goods. 0.1% TDS rates for businesses with turnover above 10 crores explained.
Digital forensics is the process of collecting, analyzing and reporting on digital data in order to find evidence for use in a legal case. It can be used to investigate crimes such as child pornography, terrorist activities or online financial scams.
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HC set aside order confirming excess claim of ITC) passed by Assistant Commissioner (ST) on the ground that the Petitioner was not granted fair opportunity of hearing.
HC held that order passed by the Assistant Commissioner of State Tax being ex-parte and in violation of principle of natural justice is liable to be quashed. Further, the High Court remanded back the matter to the Assistant Commissioner of State Tax to decide the case on merits and on the principles of natural justice.
Cross-charge is a concept where the GST registration of Corporate Office/HO/ any other office raises invoice on the other offices (having separate GST registration), towards the services provided to such offices.
Red Sanders quota for both Artificially propagated and confiscated red sander wood/logs is notified under Sl. No. 188 and 188A vide Notification No. 50/2015-2020-DGFT Dated: 27th December, 2022 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi, the Notification No. 50/2015-2020-DGFT Dated: 27th December, 2022 Subject: Amendment in Export Policy of […]
Seeks to give effect to final ASEAN-India Trade in Goods Agreement (AITIGA) tranche – Notification No. 63/2022 – Customs Dated: 27th December, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi, Notification No. 63/2022 – Customs Dated: 27th December, 2022 G.S.R. 906(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the […]
