CGST Act 2017, has inserted a new rule of 86B and is effective from 01.01.2021. As per the rule, Taxable persons can use Electronic credit ledger for making payment of Outward Tax liability upto 99% of the outward tax. and 1% is compulsorily to be paid from Cash ledger. However this provision shall not be applicable in case […]
A deep dive into concept of free reserves as per Companies Act 2013, exploring its implications, types, and difference from surplus.
Let’s explore the GST on toys and sporting goods in more detail. Let’s quickly review what GST is and its significance before moving on to the tax rate on toys and sporting items.
Discover the seamless process for A Listed Company issuing Non-Convertible Debentures (NCD) on a private placement basis. Learn about eligibility, regulatory compliance, and step-by-step allotment procedures.
Explore the world of Cross-Border Venture Capital in 2023 and unlock global innovation and investment opportunities. This comprehensive guide covers benefits, challenges, strategies, and future trends in cross-border VC. From diversification and market access to regulatory complexities, learn how to navigate this dynamic landscape for successful investments. Stay informed, adapt to changes, and contribute to global economic growth through cross-border venture capital.
A look at the 2023 amendment offering conditional exemption on specific rice varieties, as per the Ministry of Finance’s notification No. 50/2023-Customs.
Notification No. 49/2023-Customs introduces an export duty on parboiled rice under Customs Tariff Act. Delve into implications and reasons.
Dive deep into case of DCIT Vs Suman Solanki, as ITAT Jaipur discusses its authority to rectify mistakes, amendments from Finance Act, 2021, and interpretation of Section 254(2).
CESTAT Ahmedabad held that appellant are entitled for the interest from the 3 months of the order of the tribunal till the refund of pre-deposit was granted.
ITAT Jaipur held that invocation of revisionary proceedings u/s 263 of the Income Tax Act justified in absence of proper inquiry by AO which renders the assessment order erroneous as well as prejudicial to the interest of revenue.
