AAAR ule that the sale of alcoholic liquor for human consumption is a non-taxable supply under Section 2(78) of the GST Act, 2017 and subsequently is an exempt supply under Section 2(47) ibid. Therefore, the appellant is required to reverse input tax credit (ITC) in terms of sub-section (2) of section 17 ibid read with Rule 42 of the GST Rules, 2017 for sale of alcoholic liquor for human consumption.
Read the advisory issued by ICEGATE regarding the regularisation of Bills of Entry affected by glitches in the ECL facility. Learn about the procedure, timelines, and refund process for interest payments in compliance with the Customs (Waiver of Interest) Third Order, 2023.
The All India Cost & Management Accountants Association urges the Finance Minister to permanently extend the ITR filing due-date from July 31st to August 31st for better taxpayer convenience.
Read the full text of the customs authority’s ruling on the classification of Echo Dot (5th Gen) and Echo Dot (5th Gen) with clock. Learn about the principal function of these smart speakers and their eligibility for specific benefits under customs notifications.
‘Self-ordering Kiosks’ imported in disassembled form into India, where Display Unit, Connection Box & Stand would be imported simultaneously, in a single shipment, then `Self-ordering Kiosk’ with components, display unit and connection box will have the essential character of complete or finished article i.e. ‘Cash Register’ and merit classification under Sub-heading 84705010 thereby eligible for exemption
What are wellness benefits of health insurance? Does it offer additional help to the policyholder? Read thoroughly to learn!
DGFT issues Trade Notice No. 19/2023, extending the last date for submission of applications to obtain export licenses for broken rice to Senegal, Gambia, and Indonesia. The extended deadline is now 11th August 2023, in compliance with the Hon’ble High Court of Delhi’s order.
Directorate General of Foreign Trade (DGFT) issues Trade Notice No. 18/2023, outlining the procedure for allocating export quotas for broken rice on humanitarian and food security grounds. Requests from the Governments of Mali and Bhutan have been approved, and exporters can apply through an online portal, adhering to specified guidelines.
The Ministry of Commerce & Industry, Government of India, through the Directorate General of Foreign Trade (DGFT), releases Trade Notice No. 17/2023-DGFT on 28th July 2023. The notice addresses the procedure for allocating export quotas for Wheat, Wheat Flour (Atta), and Maida/Semolina to Bhutan based on humanitarian and food security grounds. The notice informs about […]
AIFTP, a leading professional body in India, appeals to the Finance Minister for a one-month extension on tax return due dates for AY 2023-24.
