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UTGST Notification: GST Exemption for Private Sector Satellite Launch Services

July 26, 2023 915 Views 0 comment Print

Notification No. 07/2023 Union Territory Tax (Rate) exempts private sector organizations providing satellite launch services from GST, as per GST Council’s 50th meeting recommendations.

IGST Notification: GST Exemption for Private Sector Satellite Launch Services

July 26, 2023 1812 Views 0 comment Print

Ministry of Finance, through Notification No. 07/2023 Union Territory Tax (Rate) dated 26th July 2023, has issued an amendment to provide GST exemption for satellite launch services offered by private sector organizations. This amendment is based on the recommendations of the 50th GST Council Meeting. MINISTRY OF FINANCE (Department of Revenue) Notification No. 07/2023 Integrated […]

CBIC Notification: GST Exemption for Private Sector Satellite Launch Services

July 26, 2023 1719 Views 0 comment Print

The Ministry of Finance, through Notification No. 07/2023 Central Tax (Rate) dated 26th July 2023, has issued an amendment to provide GST exemption for satellite launch services offered by private sector organizations. This amendment is based on the recommendations of the 50th GST Council Meeting. MINISTRY OF FINANCE (Department of Revenue) Notification No. 07/2023 Central […]

UTGST Notification on Continuation/Exercise of RCM/FCM Option by GTA

July 26, 2023 1296 Views 0 comment Print

The Ministry of Finance, through Notification No. 06/2023-Union Territory Tax (Rate) issued on 26th July 2023, introduces amendments in GST for Goods Transport Agencies (GTA). Notification No. 06/2023- Union Territory Tax (Rate) focuses on the continuation/exercise of the Reverse Charge Mechanism (RCM) and Forward Charge Mechanism (FCM) options by GTAs, as per the recommendations of the […]

IGST Notification on Continuation/Exercise of RCM/FCM Option by GTA

July 26, 2023 4797 Views 0 comment Print

Notification No. 06/2023-Integrated Tax (Rate) amends GST for GTA, allowing the continuation/exercise of RCM/FCM option. Effective from 27th July 2023.

Continuation of RCM/FCM Option: Filing Annexure-VI for GST Compliance by GTA

July 26, 2023 12693 Views 1 comment Print

Notification No. 06/2023-Central Tax (Rate) issued by the Ministry of Finance amends GST rates for services as recommended by the GST Council’s 50th meeting.

Seized Gold Ornaments: Lack of distinctive identification numbers on challans not justify addition

July 26, 2023 2829 Views 0 comment Print

Explore the PCIT Vs Goutam Chakraborty case where Calcutta High Court dismisses revenue’s appeal, upholding the deletion of additions under section 69A for seized gold.

Withdrawal of ₹2000 denomination currency notes by RBI

July 25, 2023 1041 Views 0 comment Print

As per data shared by the Union Minister of State for Finance, Shri Pankaj Chaudhary, the majority (89%) of these notes were issued prior to March 2017. The volume and value of the ₹2000 banknotes have seen a gradual decrease since their peak in 2018.

Indian Institutes of Management (Amendment) Bill, 2023

July 25, 2023 3009 Views 0 comment Print

Analysis of the Indian Institutes of Management (Amendment) Bill, 2023 that includes the renaming of NITIE to IIM Mumbai and other pivotal changes.

SEBI (Stock Brokers) (Second Amendment) Regulations, 2023

July 24, 2023 2130 Views 0 comment Print

A detailed overview of the 2023 amendment to the SEBI Stock Brokers regulations, including the introduction, analysis, and conclusion.v

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