CESTAT Chennai held that where the value has already been split as per the state law and VAT has been paid on the goods component of the composite works contract, no service tax can be levied on such component again taking recourse to Rule 2A(ii) of Service Tax (Determination of Value) Rules, 2006.
ITAT Mumbai held that addition towards difference of share premium u/s. 56(2)(viib) of the Act by rejecting the valuation determined by the assessee without referring the matter for valuation to DVO is unjustified. Matter remanded for referring the same to DVO.
Learn about Harish Gupta Vs DCIT case at ITAT Delhi where subsequent intimation of DIN number without quoting it on assessment order is deemed invalid.
Explore a sample LLP agreement’s vital elements and definitions. Understand importance of designated partners, contributions, and business scope.
Explore ancillary clauses for your company’s Memorandum of Association (MOA) to enhance your business scope and legal framework.
Explore recent GST amendments affecting online gaming companies, the distinction between games of chance and skill, and potential implications
Explore disqualifications outlined in Income Tax Act for tax auditors in India, ensuring integrity and transparency in financial governance
Learn about GST exemption for printing services of examination materials like question papers, OMR sheets, and results processing.
The deadline to file Belated return is December 31, 2023, providing taxpayers with a second chance to meet their tax obligations if they missed the original due date. This extension comes as a welcome relief for individuals and businesses who, for various reasons, were unable to file their returns on time.
Explore IBBI recent circular clarifying calculation of liquidators’ fees under Regulation 4(2)(b) of IBBI (Liquidation Process) Regulations, 2016.
