Explore the latest DGFT amendment on TRQ Scheme procedures and eligibility criteria under Para 2.57 and 2.58 of the Handbook of Procedures 2023.
DGFT Public Notice 12/2024-25: Immediate expansion of agency operations in Appendix 2G of Foreign Trade Policy 2023. Read for detailed policy updates.
Bombay HC upholds Rs. 71.88 lakh entertainment duty for APSARA Awards while deleting Rs. 71.88 lakh penalty. Key points and detailed analysis of the judgment.
The court held that while the information prompting the notice must be disclosed to the assessee, the detailed material or evidence need not be supplied at the initial stage. The court emphasized that Section 148A aims to provide a preliminary opportunity to the assessee, ensuring that reassessment proceedings are not initiated arbitrarily or without sufficient basis.
Read the Kerala High Court judgment on income tax assessments involving Sunny Jacob Jewellers. Analysis includes AO’s authority under Section 153A, impact of incriminating materials, and appellate decisions.
CGST Circular clarifies GST time of supply for spectrum usage services under deferred payment option, ensuring uniform application across field formations.
Clarification on GST time of supply for construction and maintenance services in NHAI Hybrid Annuity Mode (HAM) model. Key guidelines provided.
CGST Circular clarifies place of supply for custodial services provided by banks to Foreign Portfolio Investors, ensuring uniform application of GST provisions.
Clarification on the availability of input tax credit for ducts and manholes used in optical fiber cable networks under CGST Act, 2017. Circular No. 219/13/2024.
Clarifications on GST applicability for loans between related entities, including overseas affiliates and Indian affiliates. Detailed guidelines provided.
