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Archive: 19 April 2024

Posts in 19 April 2024

RBI Authorization for Gold/Silver Import via IIBX in IFSC

April 19, 2024 690 Views 0 comment Print

Discover how Indian banks authorized by the RBI can import gold/silver directly through IIBX in the International Financial Services Centre (IFSC).

Gold Price shining- Know the reasons

April 19, 2024 2895 Views 0 comment Print

Discover the reasons behind the recent surge in gold prices, from shifts in market dynamics to increased buying from Eastern countries like China and India.

Understanding GST Registration: An all-inclusive guide

April 19, 2024 5427 Views 0 comment Print

Unravel the complexities of GST registration in India. Learn about eligibility, steps, benefits, challenges, and compliance for businesses venturing into the GST realm.

Goods seized cannot be released by invoking writ jurisdiction if no application filed for release of goods under GST

April 19, 2024 822 Views 0 comment Print

In Kanak Timber House v. Assistant Commissioner of Sales Tax, Calcutta High Court rules seized goods can’t be released via writ petition, invoking sub-section (6) of Section 67 CGST Act.

IGST not payable under RCM for services in Free-on-Board & Cost Insurance Freight Contract

April 19, 2024 1827 Views 0 comment Print

Learn from the detailed analysis of the Bombay High Court’s decision in M/s. Agarwal Coal Corporation Pvt. Ltd. v. Assistant Commissioner of State Tax, setting aside an erroneous Show Cause Notice regarding IGST payment on FOB services.

PIL challenging provisions of 101st Constitutional Amendment Act relating to GST dismissed

April 19, 2024 1110 Views 0 comment Print

Read the detailed analysis of the Patna High Court’s dismissal of a PIL challenging sections of the GST Constitutional Amendment Act. Understand the grounds and implications of the judgment.

Understanding the Different Types of Mutual Funds

April 19, 2024 2139 Views 0 comment Print

Explore the world of mutual funds with insights into various types like equity, bond, balanced, money market, and sector funds, helping you make informed investment decisions.

Taxation for NRIs

April 19, 2024 7371 Views 0 comment Print

Understanding taxation for NRIs: Learn about residential status, taxable income, deductions, and the importance of Double Taxation Avoidance Agreements (DTAA) in India.

Percentage of Indian population that pays taxes

April 19, 2024 29256 Views 2 comments Print

Discover the truth about taxation in India: Only around 4% of the population pays income tax, a surprising statistic explained through detailed analysis and estimation.

Department to Comply with ITAT’s Order once Aware, within Stipulated Time

April 19, 2024 2199 Views 0 comment Print

Department argued that it had not received the ITAT’s order through proper channels, thus absolving itself of responsibility. However, the court rejected this argument, emphasizing that once the Department became aware of the ITAT’s order, it was obligated to comply within the stipulated time frame.

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