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INR Settlement: Opening of Additional Current Account for Exports

November 17, 2023 1503 Views 0 comment Print

Discover RBI’s latest directive for Scheduled Commercial Banks, allowing an extra current account for INR settlement in international trade. Boost your export transactions now

Baggage Guide for Travellers coming to India

November 17, 2023 22005 Views 0 comment Print

Discover the Indian Customs Welcome Guide for Travellers coming to India. Get info on latest government gazette documents, FAQs & more!

GST Updates November 2023: Refunds, Registrations, Amnesty Schemes & More

November 16, 2023 14406 Views 0 comment Print

Latest GST updates as of November 2023, covering refund measures, registration changes, amnesty schemes, and clarifications. Stay informed with the updated information.

Casual taxable person in GST – All You want to know

November 16, 2023 47952 Views 0 comment Print

Casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business.

GST on renting of residential dwellings along with amenities to students & working women

November 16, 2023 2817 Views 0 comment Print

In re Deeksha Sanjay, AAR Karnataka recently addressed GST implications of renting residential dwellings to students and working women, along with various amenities and facilities.

Customs Exchange Rates effective from 16th November, 2023

November 15, 2023 1098 Views 0 comment Print

Explore the latest Customs Act amendments with Notification No. 83/2023 by the Ministry of Finance, India. Changes in foreign currency rates effective from 16th November 2023

CSR Unspent Amount Transfer Delay: MCA Imposes Rs. 1.08 Crore Penalty

November 15, 2023 7410 Views 0 comment Print

Explore the adjudication order under Companies Act, 2013 by the Registrar of Companies, Karnataka, imposing penalties on Quest Global Engineering Services for violating CSR provisions.

Revisions to Senior Citizen’s Savings, National Savings Time Deposit & PPF Schemes

November 14, 2023 2724 Views 0 comment Print

Explore the impact of SB Order No. 22/2023 on Senior Citizen’s Savings Scheme, National Savings Time Deposit Scheme, and Public Provident Fund Scheme. Detailed analysis and changes outlined.

ITAT Delhi deletes addition for Difference in Opening & Closing Stock Due to Mistake

November 14, 2023 2481 Views 1 comment Print

ITAT Delhi upholds deletion of Rs. 1.75 Cr disallowance, clerical error in ITR. Full order details of ITO vs. Roshan Lal Sharma for AY 2011-12 & 2012-13.

Drilling, testing & completion of exploratory oil wells taxable w.e.f. 01.06.2007

November 14, 2023 1107 Views 0 comment Print

CESTAT Kolkata rules in favor of Oil and Natural Gas Corporation, categorizing drain hole drilling in oil wells as “mining services” from June 2007, rejecting service tax claims.

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