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Archive: 11 December 2023

Posts in 11 December 2023

Time limit for claiming refund not applicable when Service Tax paid erroneously

December 11, 2023 948 Views 0 comment Print

CESTAT Kolkata ruling in Bansal Biscuits case, where the time limit under Section 11B of the Central Excise Act is deemed inapplicable for claiming refunds on erroneously paid Service Tax.

Same rate of tax applicable on Mobile Phone & Charger sold together as one unit under Karnataka VAT Act

December 11, 2023 615 Views 0 comment Print

Explore the Supreme Court’s decision on tax rates for mobile phones and chargers sold as one unit under Karnataka VAT Act. Details of the case State Of Karnataka & Anr. Vs Micromax Informatics Ltd.

Kutch Salt & Allied Industries Penalized for late-filing of annual return

December 11, 2023 156 Views 0 comment Print

Explore the penalty order against The Kutch Salt and Allied Industries for violating Section 92 of the Companies Act, 2013. Detailed analysis, findings, and consequences.

IFSCA Circular: Qualified Suppliers for Bullion Exchange Guidelines

December 11, 2023 438 Views 0 comment Print

Explore IFSCA Circular F.No 329/IFSCA/Bullion MIIs/2023-24/03 on Qualified Suppliers for Bullion Exchange. Learn about guidelines for gold and silver import, participation, and more

IFSCA Guidelines for Qualified Jewellers: Importing Gold & Silver via IIBX

December 11, 2023 1134 Views 0 comment Print

Discover the latest IFSCA circular on importing gold and silver through India International Bullion Exchange. Learn eligibility criteria, net worth requirements, and the process for Qualified Jewellers

Burden to deposit money not casted on deductee with regard to tax retained by payer

December 11, 2023 738 Views 0 comment Print

Delhi High Court held that the Income Tax Act does not seem to cast a burden on the deductee/payee with regard to the deposit of money, which is retained as tax, by the payer i.e., the deductor.

From Cash to Commodities: Evolution of ‘Goods’ in GST Legislation & Courtroom Battles

December 11, 2023 3210 Views 0 comment Print

GST Courtroom Battles: Interpretation of ‘Goods’ across Indian High Courts & its implications on taxation and confiscation laws. From Cash to Commodities.

Mastering Collaboration: Key Shareholders’ Agreement Terms

December 11, 2023 942 Views 0 comment Print

Master the key terms in shareholders’ agreements for successful collaboration. Explore clauses on governance, meetings, share transfers, rights, and more. A comprehensive guide for entrepreneurs, investors, and legal experts.

Accounting for Crypto Currencies

December 11, 2023 1440 Views 0 comment Print

Cryptocurrency is an intangible digital token recorded using a blockchain. Learn more about accounting for cryptocurrencies here! #AccountingforCryptoCurrencies

Anti-Dumping Duty on Synthetic Grade Zeolite 4A Imports from Thailand & Iran

December 11, 2023 378 Views 0 comment Print

Explore the latest customs notification (No. 14/2023) imposing anti-dumping duty on Synthetic Grade Zeolite 4A from Thailand and Iran. Learn about the reasons, rates, and impact

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