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GST on Compensation: Liquidated Damages, Trade Settlements & Contract Breaches

December 21, 2023 4983 Views 0 comment Print

Explore implications of GST on liquidated damages, trade settlements, and contract breaches in light of South India Krishna Oil & Fact Pvt Ltd case.

Health Insurance Porting vs. Buying: Which Is Better for You? 

December 20, 2023 1332 Views 0 comment Print

In a world filled with health uncertainties, having a health insurance policy is not just a wise choice; it’s a necessity. The ongoing pandemic has heightened the awareness and penetration of health insurance in India.

Unutilized ITC of Compensation Cess – Retention or Reversal – AAR cannot give ruling

December 19, 2023 7461 Views 0 comment Print

Explore the GST ruling for National Aluminium Company Ltd. on Compensation Cess for unutilized ITC on coal purchases. Learn about the implications and next steps.

Subsuming Fuels Under GST: Government’s Stand and Implications

December 19, 2023 1044 Views 0 comment Print

Explore the Lok Sabha Starred Question No. 212 on subsuming fuels like petrol, diesel, natural gas, and ATF under GST. Minister of Finances response and insights on potential revenue impact

Increase in ITR Filings: Insights on Trends, Collection & Government Initiatives

December 19, 2023 774 Views 0 comment Print

Explore Unstarred Question No. 2352 on the surge in Income Tax Return (ITR) filings. Analysis of state-wise data, tax collection trends, and government initiatives to boost participation

ICSI (Management & Development of Company Secretaries in Practice) Guidelines, 2023

December 19, 2023 1647 Views 0 comment Print

Explore the newly released ICSI Guidelines 2023, enhancing ease of practice for Company Secretaries. Streamlined procedures for PCS Orientation, Firm Management, Service Areas, Branding, and Fee Determination.

Income Tax Milestones: Growth, Refunds, ITRs and Taxpayer Initiatives

December 19, 2023 765 Views 0 comment Print

Explore the latest achievements in income tax, from steady growth and speedy refunds to record ITR filings and taxpayer-friendly initiatives. A comprehensive overview of income tax developments.

Insurance claims relating to Cyclone Michaung and subsequent heavy rains/floods

December 18, 2023 645 Views 0 comment Print

IRDAI’s Circular on Cyclone Michaung claims, granting special dispensation to General Insurers. Increased limits for surveyors and assessors.

CBIC Chairman’s Weekly Newsletter – 18th December 2023

December 18, 2023 1056 Views 0 comment Print

Get insights from the CBICs 2nd National Coordination Meeting, performance review, and anti-evasion efforts. Stay informed about GST practices and legal advancements

Impact of GST on Online Gaming: Challenges and Opportunities

December 18, 2023 2298 Views 0 comment Print

Explore impact of GST on Indian online gaming and casino industry. Understand challenges and opportunities arising from recent GST Council decisions.

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