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Accepting Cryptocurrency Payments for Your Business

June 12, 2023 615 Views 0 comment Print

Accepting cryptocurrency payments for your business can be a forward-thinking move, allowing you to tap into a growing market and provide additional payment options to your customers.

Business Loss from Chit Fund Allowed by ITAT

June 12, 2023 1380 Views 0 comment Print

Detailed analysis of ITAT Delhi’s ruling in Nijhawan Travel Services Pvt. Ltd. Vs DCIT, exploring the critical determination that the loss of Chit Fund used for business is allowable as a business loss.

GST Refund on Zero Rated Supplies Can’t be Denied due to Appeal

June 12, 2023 1038 Views 0 comment Print

Delve into the Delhi High Court ruling that highlights the inviolable right to a GST refund on zero-rated supplies, regardless of any potential appeal by the GST department, in the case of Netgear Technologies India Pvt Ltd vs The Assistant Commissioner GST

Classification of ‘Data Projector’ (Model – ZH 350, ZW350e, ZX 350e)

June 8, 2023 300 Views 0 comment Print

Explore the classification and exemption of Data Projectors (ZH 350, ZW350e, ZX 350e) in the CAAR Mumbai ruling. Understand the intricacies and pending matters.

CAAR cannot issue a ruling on difficulties in compliance to circular no. 51/2020

June 8, 2023 330 Views 0 comment Print

Explore the Customs Authority ruling on ULDs by Pridel Private Limited in Mumbai. Learn about the exemption from Customs duty, clearance procedures, and the complexities involved in ULDs’ temporary import and re-export.

Weekly newsletter from Chairman, CBIC dated 08/06/2023

June 8, 2023 585 Views 0 comment Print

Dive into the latest updates from the Chairman, CBIC, discussing recent advancements in the Indian Customs and Indirect Taxes department, including AEO progress, CBIC mSangrah launch, and anti-smuggling actions

RBI Keeps Repo Rate Unchanged at 6.50% in June 2023

June 8, 2023 873 Views 0 comment Print

Read the monetary policy statement and resolution of the Monetary Policy Committee (MPC) for June 2023. The MPC decided to maintain the policy repo rate at 6.50% and focus on withdrawing accommodation to align inflation with the target while supporting growth. Get insights into the global and domestic economic outlook, inflation projections, and future policy […]

How to Maximize Your Tax Savings on Home Loan Principal Repayments

June 7, 2023 3378 Views 0 comment Print

Until a few years ago, homebuyers knew only one way of buying a home — they saved and saved for years and when they had saved enough, they would invest in a home.

RBI Expands Trade Receivables Discounting System (TReDS) for MSMEs

June 7, 2023 1914 Views 0 comment Print

RBI announced enhancements to Trade Receivables Discounting System (TReDS), aiming to alleviate liquidity constraints for MSMEs.

Unlawful Asset Sale: IBBI Penalizes & Suspends IP for Procedural Violations

June 7, 2023 1467 Views 0 comment Print

This order concerns disciplinary proceedings against Mr. Sai Ramesh Kanuparthi, an Insolvency Professional (IP), regarding his conduct in the liquidation process of M/s Konaseema Gas Power Limited. Mr. Kanuparthi has been accused of contravening several regulations and codes of conduct, including the sale of assets without adhering to prescribed procedures and failing to value or […]

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