Once transaction value of goods imported from associated companies are at arm’s length price under Rule 3(3)(a) of Customs Valuation Rules, 2007 is accepted, Department cannot load 5% royalty to transaction value under Rule 10(1)(c) of Customs Valuation Rules, 2007
Explore the CIT vs Chettinad Logistics case from Madras High Court. Analysis of Section 14A disallowance, Rule 8D, and its impact on income tax assessments.
Explore the Delhi High Court judgment in PCIT vs. Bhilwara Energy Ltd, covering condonation of delay, key issues, and disallowance under Section 14A of the Income Tax Act.
Explore the Exposure Draft of Auditing Standards for Limited Liability Partnerships (LLPs) issued by AASB – ICAI. Share your insights by submitting comments before January 6, 2024
Explore the latest customs notification (No. 12/2023-Customs ADD) on the extension of anti-dumping duty for Synthetic Zeolite 4A (Detergent Grade) from China. Analysis, findings, and impact discussed
Mera Bill Mera Adhikaar (MBMA) is an incentive scheme which seeks to trigger a behavioral change in consumers for demanding an invoice from supplier of goods and services as a right and entitlement.
GST Law provides small taxpayers with beneficial treatments such as no registration for inter/intra-state supply & more. Learn about policy initiatives for MSMEs under GST.
Learn about new QRMP Scheme under GST with tax payment, eligibility, return filing, and late fees. Get all the details of the GST Council 42nd meeting.
Discover the importance of SWIFT (Single Window Interface for Facilitation of Trade) for the National Customs Single Window Project. Learn more about the integrated declaration, automatic routing of PGA declarations, and No Objection Certificate (NOC) within this important project.
e-Sanchit introduced under SWIFT for paperless consignment clearance process. Upload all trade documents to reduce clearance time with e-Sanchit from CBIC.
