CESTAT Chennai, referring to the decision of the Tribunal’s Larger Bench in the case of Chowgule & Company Pvt. Ltd., acknowledged that the condition related to the endorsement on the invoice was procedural in nature. It held that the purpose and object of such an endorsement could be achieved when the duty element itself was not specified in the invoice.
Introduction: The Revenue and Forests Department of Maharashtra has introduced the Maharashtra Stamp Duty Amnesty Scheme-2023 to remit or reduce stamp duty and penalties on specified instruments under the Maharashtra Stamp Act (LX of 1958). This article delves into the key details, eligibility criteria, and application process of this amnesty scheme. Detailed Analysis: The Maharashtra […]
Explore SEBIs latest circular on the revised Net Distributable Cash Flow (NDCF) framework for Infrastructure Investment Trusts (InvITs), effective April 1, 2024
Discover the latest developments in the engagement of CA firms by PSBs. Explore changes in concurrent audit policies, RBI directives, and the number of firms involved over the past 3 years
Trade Notice 35-2023: DGFT Amnesty Scheme extension till 31.12.2023. Addressing default cases under Advance Authorisation and EPCG Schemes. Apply now
Explore the recent AAAR Tamil Nadu ruling on solar panel installation, clarifying input tax credit (ITC) eligibility under CGST/TNGST Act. Learn key insights.
Explore India economic evolution and global prominence. President December 2023 message outlines key developments, partnerships, and the profession vital role in shaping the nations growth
Once the e-way bill has been generated and same has not been cancelled by the petitioner within the time prescribed under the Act, the movement of goods as well as genuineness of transaction in question cannot be disputed.
Learn difference between Loan Against Property and Home Loan. Uncover nuances between two different types of mortgage loans to make informed decisions.
Introduction: On the 1st of December, 2023, the Central Board of Direct Taxes (CBDT), under the Ministry of Finance, issued a crucial order under section 119 of the Income-tax Act, 1961. The order addresses the processing of electronically filed income tax returns with refund claims, extending the deadline beyond prescribed limits for non-scrutiny cases. This […]
