Government of India announces an extension of the Industrial License validity to 15 years for ease of doing business. Read the guidelines for extension and reconsideration.
Explore the benefits of Section 80EEB, providing a deduction for interest paid on loans for Electric Vehicles (EVs). Understand the eligibility criteria, quantum of deduction, and conditions for availing this tax benefit. Stay informed about the latest tax incentives as India pushes for a 30% EV replacement by 2030.
Get simplified insights into the clarification on Circular No. 193/05/2023-GST (17th July 2023). Understand the treatment of differences in Input Tax Credit (ITC) availed in GSTR-3B compared to GSTR-2A for the period 01.04.2019 to 31.12.2021. Learn about the applicable rules, percentages, and examples to navigate these GST updates effectively.
An examination of the recent ruling by the Madras High Court in the Sundaram Clayton Limited Vs Deputy Commissioner case, addressing the implications of technical glitches on the maintainability of statutory appeals.
Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs has issued Notification No. 55/2023-Customs (N.T.) on 21st July, 2023. This notification brings a significant amendment to the Customs Act, 1962, with particular relevance to the State of Maharashtra. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) […]
Navigate the complexities of cryptocurrency taxation in India with this comprehensive overview. Explore the classification, tax implications for trading, mining, salary, and GST on cryptocurrencies. Understand the reporting requirements and stay informed on the evolving tax landscape. Disclaimer: Consult a qualified tax professional for personalized advice.
Cryptocurrency, a revolutionary digital form of currency, has taken the financial world by storm. Born out of the desire for decentralized and secure transactions, cryptocurrencies have evolved from a mere concept to a booming global phenomenon. In this article, we will explore the formation of cryptocurrencies, their potential, and their future in India, along with the latest highlights in the crypto space.
Social Audit Framework developed by ICAI provides a social auditor guidance for conducting a social audit. The social audit framework is applicable from the date of its hosting on ICAI website. Social Audit Framework does not cover any elements of a financial audit or review, which may be covered by relevant auditing/review standards.
AAR ruled that ‘Kandi Ravo’ the unmanufactured tobacco, made by crushing tobacco refuse and mixing it with natural clay & water is appropriately classifiable under tariff entry 24013000 and the assessee is liable to pay 28% GST on supply of such goods.
Explore the crucial clarifications on GST refunds from the 50th GST Council meeting. Navigate updates on accumulated input tax credit, undertaking in FORM RFD 01, and determination of adjusted total turnover. Gain insights into admissibility of refunds for exporters complying with rule 96A. Stay informed on the latest developments to streamline your GST refund claims.
