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Definition of Business Vertical under Revised Model GST Law

January 24, 2017 96595 Views 20 comments Print

Business vertical means a distinguishable component of an enterprise that is engaged in supplying an individual product or service or a group of related products or services and that is subject to risks and returns that are different from those of other business verticals;

Suggested amendments to improve working of Customs Brokers

January 24, 2017 4991 Views 2 comments Print

Section 146 of The Customs Act, 1962 states that no person shall carry on business as an agent relating to the entry or departure of a conveyance or the import or export of goods at any Customs station unless such person holds a license granted in this behalf in accordance with regulations made in this regard by the Board.

How your health insurance policy can cut your tax outgo? (a.y. 2017-18)

January 24, 2017 5288 Views 1 comment Print

Health insurance cover has become a necessary expense for every individual now. The insurance cover may include self or family including your parents. It is good to be aware on how you can save your tax, with a private health insurance policy. It is not always necessary to show investment to reduce your tax outgo.

Writ petition against SCN is maintainable, if notice is issued with pre-meditation

January 24, 2017 3138 Views 0 comment Print

The petitioner’s husband while working as Teacher (Panchayat) at Government High School, Baya, Janpad Panchayat Kasdol died in harness on 30.10.2011. She made an application for appointment on compassionate ground on the post of Assistant Teacher (Panchayat).

India-Japan Comprehensive Economic Partnership Agreement

January 24, 2017 900 Views 0 comment Print

(1) These rules may be called the India-Japan Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

Conviction for murder; Handwriting Expert’s opinion pertaining to ransom letter

January 24, 2017 1482 Views 0 comment Print

Conviction for murder; Handwriting Expert’s opinion pertaining to ransom letter cannot from the basis for conviction, moreso, when specificmen handwritings were obtained by investigating officer and not in court.

6 FAQs on Benami property Prohibition Act

January 24, 2017 8965 Views 0 comment Print

What is a Benami Transaction? If a person pays the consideration for purchase of a property but the ownership of the property is held in the name of some other person, and the property is held for immediate or future benefit, direct or indirect, of the person who paid the consideration,

Practical Guide to Postal Ballot – Listed Company

January 24, 2017 43767 Views 4 comments Print

Brief/Introduction: Postal ballot means ballot conducted by mail or electronic means; a system of voting in which people send their votes by post/ electronic means. Experience of several decades have shown most of the shareholders who reside in far-flung areas are unable to attend Annual or Extraordinary General Meetings.

Deemed exports under Revised Model GST Law

January 24, 2017 40396 Views 3 comments Print

Term ‘deemed exports’ is often referred in the context of Foreign Trade Policy but it is observed that the proposed GST regime seeks to provide definition of deemed exports separately.

Implications of Just in time inventory under Revised GST Act.

January 24, 2017 4202 Views 0 comment Print

Large OEM customers require their suppliers to supply material as and when required for their production. Majority of OEM customers have built into their contracts with supplier , where supplier is not based at their production location,

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