Conclusion This article delves into various transactions related to an SEZ entity. The article has been prepared keeping in mind GST compliances w.r.t SEZ entities. This would serve as an introductory document to gain an understanding of GST compliances for SEZ entities and various related compliances linked to the same.
Section 51 of GST mandates TDS deduction by government entities and PSUs for contracts over ₹2.5 lakh, excluding GST, with rates at 2% IGST or 1% CGST/SGST.
ITAT Chennai held that addition under section 69 towards unexplained investment merely based on loose sheets without any corroborative evidences is unsustainable in law. Also held that addition on the basis of mere assumption and presumption not sustainable.
Understand India’s cryptocurrency tax framework, including GST and direct taxes. Explore classification, compliance, and global comparisons for crypto investors.
Learn how Presumptive Taxation under Section 44ADA helps Indian freelancers with simplified compliance, tax relief on foreign income, and audit exemption.
Gujarat High Court ruled that leasehold rights assignments are transfers of immovable property, exempt from GST, clarifying their non-service nature under the GST Act.
ITAT Agra held that evidences with regard to deposit of income tax deducted at source (TDS) filed for the first time before ITAT hence appeal allowed with direction to AO to verify the documents.
Studying abroad is a transformative journey, offering exposure to new cultures, advanced education systems, and global opportunities. However, managing finances while living in a foreign country is often a challenge, especially for students.
JNCH updates procedures for transshipment bonds in bonded warehouses. Importers must follow new ICEGATE processes for compliance and bond submissions.
Maharashtra amends MVAT Act with retrospective effect from 2005, clarifying tax exemptions, deemed sales, and first charge provisions. Read the key updates.
