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Archive: 03 May 2024

Posts in 03 May 2024

DGFT Suspends SIONs Inoperative for Last 5 Years

May 3, 2024 378 Views 0 comment Print

Stay informed about the suspension of inoperative Standard Input-Output Norms (SIONs) by the Directorate General of Foreign Trade, Ministry of Commerce, India.

DGFT Clarifies 3% Non-Achievement Value Addition Applicability

May 3, 2024 378 Views 0 comment Print

Understand the latest DGFT policy circular on payment clarification for non-achievement of Value Addition. Learn about the implications and exemptions.

Case of medical negligence as ‘Egg Shell Skull’ Rule could be apply only when patient had pre-existing conditions

May 3, 2024 327 Views 0 comment Print

Compensation by its very nature, had to be just. For suffering, no part of which was the claimant-appellant’s own fault, she had been awarded a sum which could, at best, be described as ‘paltry’. In regard to the application of the Eggshell-Skull Rule, the impugned judgment was silent as to how this rule applied to the present case.

Appellate Authority can condone delay in Filing GST Appeal beyond limitation period: Calcutta HC

May 3, 2024 1239 Views 0 comment Print

Mukul Islam Vs Assistant Commissioner of Revenue (Calcutta High Court) The Calcutta High Court recently delivered a judgment in the case of Mukul Islam versus Assistant Commissioner of Revenue, pertaining to a writ petition challenging the refusal to condone delay in maintaining an appeal under Section 107 of the West Bengal Goods and Services Tax […]

RBI Draft Regulations on Electronic Trading Platforms: Analysis

May 3, 2024 738 Views 0 comment Print

Explore the analysis of RBI’s draft regulations on Electronic Trading Platforms (ETPs). Learn about eligibility criteria, operational guidelines, and more.

Verdict Under Scrutiny: Saga of Madras High Court Decision for GST on Hostels

May 3, 2024 795 Views 0 comment Print

Dive into the controversy over Madras High Court’s exemption of hostels from GST, exploring legal arguments, financial impacts, and pending Supreme Court intervention.

Children of Armed Forces cannot be discriminated due to Place of Posting of Parents: SC

May 3, 2024 438 Views 0 comment Print

Read the Supreme Courts landmark judgment ensuring children of armed forces personnel get fair treatment in education, regardless of their parents’ postings.

RCM in GST: Basics, Analysis, & Impact

May 3, 2024 6159 Views 1 comment Print

Article explains Reverse Charge Mechanism (RCM) under GST law, its necessity, eligibility criteria, time and tax payment aspects, with comprehensive insights and examples.

Employer’s Voluntary Ex-gratia Compensation not taxable U/s. 17(3)(i): ITAT Delhi

May 3, 2024 3273 Views 0 comment Print

ITO Vs Avirook Sen (ITAT Delhi) The case of ITO Vs Avirook Sen (ITAT Delhi) revolves around the taxation of voluntary ex-gratia compensation paid by an employer to an employee after termination from service. The Revenue contested the deletion of an addition of Rs. 2,13,08,444/- by the CIT(A). The crux of the dispute lies in […]

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