In a landmark decision, CESTAT Ahmedabad supports Welspun Corp Ltd, permitting the use of Cenvat credit of basic excise duty to offset Education Cess and Secondary & Higher Education Cess, establishing a crucial legal precedent.
Explore the evolving landscape of e-invoicing under the GST regime in its 7th year. Learn about recent amendments, the reduction in the threshold limit, proposed changes, exceptions, and new functionalities on the GST portal. Stay informed and prepare your business for the technological compliance required for seamless integration with the e-invoicing system.
Learn about the role and significance of company secretaries in ensuring compliance and good governance in businesses. Understand the legal framework and recent adjudication orders related to the appointment of company secretaries.
The Punjab and Haryana High Court has dismissed a petition requesting certified copies of documents in the case of Manpreet Singh Vs State of Punjab. The court determined that the request had become infructuous due to subsequent events.
Learn about the significant verdict of CESTAT Ahmedabad in Universal Medicap Limited Vs Commissioner of Central Excise & ST case, offering critical insights on taxability and exemptions concerning the sterilization process in goods production.
Delve into the notable decision of ITAT Chandigarh in the case of Mahaluxmi Food Industries Vs ITO, concerning the right to set off losses against surrendered business income as per Section 115BBE(2) of the Income Tax Act, 1961.
ITAT held that dividend declared, distributed or paid by a domestic company to non resident shareholder (s) attract additional income tax (tax on distributed profits) referred to in section 115-O of the Act, such additional income tax payable by the domestic company shall be at the rate of mentioned in section 115-O of the Act and not at the rate of tax applicable to the non resident shareholder(s) as specified in the relevant DTAA with reference to such dividend income.
A comprehensive review of the recent ITAT Delhi’s ruling on Span Air Pvt Ltd Vs ACIT case, which offers key insights on depreciation claims under section 32 of the Income Tax Act.
Understand the criteria for individual and HUF income tax return filing, covering total income, assets outside India, and specific situations. Explore tax audit applicability under Section 44AB, including scenarios for businesses, professions, presumptive schemes, and non-residents. Gain clarity on the essential aspects of income tax and tax audit to ensure compliance and avoid penalties.
Explore the evolving role of Finance & ESG leaders in driving strategic decisions, cost reduction, and growth opportunities. Learn how their collaboration brings financial and ESG benefits to organizations, creating a winning situation. Discover key examples and effective ways for finance and ESG teams to work together for ESG success. Stay ahead by investing in sound ESG programs, training teams, and using tools for seamless reporting and decision-making.
