Sponsored
    Follow Us:

New World Realty LLP guilty of profiteering in Tinsel Town Project, Pune

August 22, 2022 414 Views 0 comment Print

Complaint alleged that New World Realty LLP had not passed on the benefit of ITC to him by way of commensurate reduction in prices after implementation of GST w.e.f. 01.07.2017 in respect of Tinsel Town Project, Pune

GST showed in Invoice as SGST/CGST instead of IGST – Shown correctly in E-way Bill- Penalty Imposable?

August 22, 2022 3249 Views 0 comment Print

In the invoice accompanying the goods, the tax paid was shown to be under CGST & SGST, whereas it should have been shown as tax paid towards IGST. However, in the E-way bill accompanying the goods the tax paid was correctly shown as paid towards IGST.

Amount paid by Property Purchaser to Tenant can’t be taxed as gain of owner of capital asset

August 20, 2022 2346 Views 0 comment Print

Amount paid by the buyer to the tenant for the vacation of tenancy should not be taxed in the hands of the owner of the capital asset.

Representation to scrap Clause No. 44 of Tax Audit Report (Form 3CD)

August 18, 2022 14700 Views 3 comments Print

Representation requesting to scrap  Clause No. 44 of  Tax Audit Report (Form 3CD) under the Income Tax Act, 1961

Qualified Suppliers’ for supply of bullion on India International Bullion Exchange

August 18, 2022 1437 Views 0 comment Print

QS-LPTM shall comply with the ‘fit and proper criteria’ specified under regulation 52(2) of the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020, at all times.

IP shall not engage or appoint any of his relatives or related parties: IBBI

August 18, 2022 1614 Views 0 comment Print

Clause 23B of the Code of Conduct provides that an IP shall not engage or appoint any of his relatives or related parties, for or in connection with any work relating to any of his assignment.

Provisional ADD on UDCA import from China and Korea

August 18, 2022 1218 Views 0 comment Print

CBIC imposes Provisional anti-dumping duty (ADD) on UDCA import from China and Korea vide Notification No. 25/2022-Customs (ADD) | Dated: 18th August, 2022. The provisional anti-dumping duty imposed under this notification shall be effective for a period of six months, unless revoked, amended or superseded earlier, from the date of publication of this notification in the […]

GST on composite supply of services by way of milling of food grains into flour to Food & Supplies Department

August 18, 2022 1464 Views 0 comment Print

In re Berhampur Warehousing Private Limited (GST AAR West Bengal) What is the value of supply of services provided by the applicant to the State Government for crushing of wheat into fortified atta which in turn is supplied by the State Government through Public Distribution System and what components and at what value are to […]

Housing Credit to Poor after Borrowings from Financial Institutions is a lending Activity & not a charitable activity

August 18, 2022 459 Views 0 comment Print

Assessee is facilitating the poor people to access to housing credit, which otherwise would not be available to them due to mortgage requirements etc. The only source of funding for the assessee is borrowings and the donations are almost negligible. In such a case, the activity is nothing but a mere-lending activity.

Certificate of Inspection for export of Rice to EU Countries/States

August 17, 2022 3063 Views 0 comment Print

The Notification No. 61/2015-20 dated 23.03.2022 is amended to the extent that export of Rice (Basmati and Non-Basmati) to EU member states and other European Countries namely United kingdom, Iceland, Liechtenstein, Norway and Switzerland only will require Certificate of Inspection from EIA/EIC. Export to remaining European countries (except United Kingdom, Iceland, Liechtenstein, Norway and Switzerland) […]

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031