A recent advance ruling in Tamil Nadu clarifies GST liability on corpus/sinking funds collected by Resident Welfare Associations and their eligibility for Input Tax Credit.
AAR ruled that Fairmacs Shipstores Private Limited must charge GST on its supplies of pre-packaged frozen meat products to hotels and distributors, primarily due to the absence of the mandatory ‘Not for Retail Sale’ declaration on their packages.
Explore India’s financial inclusion progress, pension reforms, and the challenges in achieving a fully banked, insured, and pensioned society by 2047.
Supreme Court quashes FIRs in rape case citing lack of evidence and inconsistencies; highlights concerns about misuse of false promise of marriage charges.
Health is unpredictable. Today, you are perfectly fine, and the next day, an unexpected illness can turn your life upside down. In life-threatening situations, every second counts, and financial worries should be the last thing on your mind.
Allahabad High Court halts benami proceedings against Arpit Jagga, questioning jurisdiction as the cash was already assessed under the Income Tax Act and arguing cash may not be benami property.
