Learn how to prepare a comprehensive project report for bank loan approval in India. Explore the essential elements, including executive summary, company profile, market analysis, financial plan, and more. Increase your chances of securing funding with a well-structured project report.
The Government has taken measures for easing access to credit for MSMEs. reported by Reserve Bank of India (RBI) some of the measures taken by RBI for improving flow of credit to MSME sector are as under: i. Priority Sector Lending Guidelines: In terms of Master Direction on ‘Priority Sector Lending (PSL) –Targets and Classification […]
Get insights into the amended provisions related to the GST Tribunal (GSTAT). The Finance Bill 2023, passed by Lok Sabha on 24.03.2023, introduces changes in Section 109 of the CGST Act, 2017. Learn about the constitution of Tribunal Benches, their composition, jurisdiction, and powers. Highlights include the establishment of Principal and State Benches, their composition, and the distribution of business. Understand the jurisdiction of benches, the role of single and double benches, and the power to transfer technical members.
Ayann Traders Vs State of U.P. And 3 Others (Allahabad high court) It is a case where taxing authorities, after intercepting the goods of the petitioner on 18.04.2018, had detained the same and issued notice to both the selling and purchasing dealer. When no reply was filed, a seizure order was passed imposing 100% penalty, […]
Dhanraj Chhipa Vs PCIT (ITAT Jodhpur) CIT cannot invoke his powers of revision under section 263 if the Assessing Officer has conducted enquiries and applied his mind and has taken a possible view of the matter. If there was any enquiry and a possible view is taken, it would not give occasion to the Commissioner […]
SPS Steels Rolling Mills Limited and Ors. Vs Asansol Durgapur Development Authority and Anr. (Calcutta High Court) Learned Single Judge by the impugned order has reached to the conclusion that the transfer fee was exempted under the resolution plan sanctioned by the National Company Law Tribunal and has found that the demand of the respondent […]
ITAT Delhi held that there is no copyright on live events, and therefore, the fee received towards live transmission cannot be taxed as royalty in terms of Section 9(l)(vi).
Madras High Court held that Government Order No. 339/Public (Law Officers) fixing fees for the law officers is extremely irrational. Government Orders determining a ceiling as fees for a professional cannot be accepted by any court of law.
Explore the concept of Marginal Relief under the New Tax Regime from FY 2023-24 onwards. Section 115BAC allows taxpayers the option to choose between lower tax rates with certain exemptions and deductions forfeited or continue paying taxes at existing rates. The income tax slab rates for FY 2022-23 and the list of exemptions and deductions not allowed under the new regime are provided.
Stay informed on the latest amendments to GST as per the Finance Bill 2023, passed by Lok Sabha on March 24, 2023. Key changes include exemptions from GST registration for specified categories, removal of the 30-day limit for revocation of registration cancellation, an extension of the period to furnish Form GSTR 3B or Form GSTR 10 under Best Judgment Assessment, and alterations to the constitution of GST Appellate Tribunal (GSTAT) and its benches. Additionally, the place of supply for transportation services and the maximum rate for GST Compensation Cess have been revised. Stay compliant with the updated regulations.
