Charges of Know How agreement were not required to be added to the assessable value of imported goods in terms of Customs Valuation Rules, 1988 as there was no technical know-how fees attributable towards post import related/associated acts and activities and thereby no case arose for scaling up the assessable value with the inclusion of the royalty charges.
Explore the heavy tax implications on taxpayers for unexplained investments and expenditures under Income Tax Act sections 69 to 69C. Learn about penalties and consequences.
Explore the latest GSTN advisories, including additions of Karnataka Bank and RBL Bank, forward charge option for GTAs, and date extension for ITC reversal reporting.
Explore the adjudication order under Section 454 against Venus Universal Ltd for non-compliance with Section 92 of the Companies Act, 2013. Details, penalties, and consequences revealed.
Since the appellate authority had failed to examine issue of customs duty exemption Notification No. 45/2017-Cus., which provided different levels / measures of exemption benefits to the re-imported goods depending upon which export benefits, like duty drawback, rebate etc.
Explore detailed recommendations by Income Tax Bar, Jalandhar for Union Budget 2024. Analysis of tax proposals, amendments, and suggestions for a robust fiscal policy
Explore the penalty order against Typhoon Holdings Limited for violating Section 137 of the Companies Act, 2013. Detailed analysis, findings, and consequences.
Explore the implications of Maharashtra Goods and Services Tax (Second Amendment) Act, 2023. Understand the amendments, impact on online gaming, and transitory provisions.
Learn about the adjudication order passed against Typhoon Holdings Ltd for non-compliance of Section 92 of the Companies Act, 2013. Detailed analysis provided.
Latest update from the Institute of Company Secretaries of India: Extension of Compulsory Switchover to New Training Structure until March 31, 2024. Details and clarifications provided.
