HC ruled that provision of services by taxpayer to its holding company, as per terms of an agreement, does not categorize service provider as an intermediary.
Companies (Indian Accounting Standards) Amendment Rules 2023 have revamped the accounting for leases, aligning with IndAS 116 and IFRS 16. The amendments introduce changes to lease recognition, measurement, and presentation. The rules cover the objective, scope, and identification of leases, impacting lessees and lessors.
Analysis of CESTAT Mumbai case – Commissioner’s order lacking reasoning set aside, violating justice principles. Learn the details, issues, and the remand decision.
CBIC Circular No. 14/2023-Customs dated 3rd of June, 2023 introduces the Electronic Repairs Services Outsourcing (ERSO) initiative. ERSO aims to extend the lifespan of defective or damaged electronic goods by allowing designated repair service entities in India to import and repair them before re-exporting. The circular outlines the regulatory environment for ERSO, including the General […]
Predicting market movements is a universal desire among traders. While achieving 100% accuracy in this endeavor is challenging, there are indicators that significantly enhance predictability. Candlestick patterns stand out as one of the most favored indicators in technical analysis, thanks to their straightforward interpretability and visually appealing presentation featuring easily distinguishable colors. Candlestick charts, now […]
Explore the Network vs. Commissioner of Central Excise case – CESTAT Chandigarh ruling on penalty, service tax, and Section 80 benefits. Full analysis and order details.
HC held that limitation period for GST refund application should be considered from date of online filing, not the date of manual filing
Petitioner challenged cancellation of GST registration. HC found that GST Registration cancellation order provided no reasons & violated principles of natural justice.
Telangana High Court references CBIC’s Notification No. 03/2023, enabling Integrated Techno Systems to apply for revocation of GST registration. Details revealed in the judgment.
Universal Packaging Vs Commissioner of Central Excise (CESTAT Mumbai) The legality of availing Small Scale Industries (SSI) exemption without including the value of supplies to Merchant Exporters has been challenged in four appeals. The appellant, a manufacturer of Corrugated Carton Boxes, had availed the SSI exemption under Notification No. 8/2003. However, periodic show-cause notices were […]
