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AP HC allows writ petition and condones delay in filing GST appeal

November 4, 2023 669 Views 0 comment Print

Andhra Pradesh High Court allows a writ petition and condones the delay in filing a GST appeal, offering relief to the petitioner.

Assessment Proceedings Void Due to Invalid Draft Order

November 4, 2023 783 Views 0 comment Print

FedEx Express Transportation and Supply Chain Services (India) Private Limited Vs DCIT (ITAT Mumbai) The case of FedEx Express Transportation and Supply Chain Services (India) Private Limited Vs DCIT (ITAT Mumbai) revolves around the validity of a Transfer Pricing order, draft assessment order, and the consequent final assessment order. The key contention is whether the […]

Treatment of Non-Compete Fees & Depreciation on Software Licenses

November 4, 2023 597 Views 0 comment Print

In a recent judgment, the Madras High Court permitted a 60% depreciation rate on computer software licenses, emphasizing the specific entry in the tax laws and clarifying the treatment of non-compete fees as revenue expenditure.

FATF Identifies High-Risk Jurisdictions and Updates Monitoring List

November 4, 2023 729 Views 0 comment Print

The FATF’s latest update highlights high-risk jurisdictions and those under increased monitoring for AML/CFT deficiencies. Get the details here.

Key Considerations for Choosing the Right Business Loan

November 3, 2023 1440 Views 0 comment Print

When it comes to fueling your business growth or overcoming financial challenges, securing a business loan can be a strategic move. However, choosing the right business loan is a critical decision that can significantly influence the success of your enterprise.

Car Insurance Renewal: 5 Tips to Lock in the Lowest Rates

November 3, 2023 624 Views 0 comment Print

As you approach your car insurance renewal, your quest to secure the most budget-friendly rates is sensible and achievable. No one relishes overpaying for insurance, and there are strategic steps you can take to make sure you get the best possible deal when renewing your car insurance.

AAR rejects advance ruling application filed by non-supplier 

November 3, 2023 504 Views 0 comment Print

Applicant before us is not supplier of service and that ruling sought is not for admissibility of input tax credit in respect of supply received by applicant.

Customs Exchange Rates effective from 3rd November, 2023

November 2, 2023 1611 Views 0 comment Print

Stay updated with Customs Notification No. 81/2023-Cus (NT) dated 02/11/2023. Learn about revised exchange rates for imported and export goods. Important information for international trade.

Delhi HC Suspends Tax Reassessment Pending AAR Decision

November 2, 2023 501 Views 0 comment Print

Delhi High Court’s decision in Bid Services Division (Mauritius) Ltd. Vs DCIT: Reassessment proceedings suspended pending AAR decision.

Kerala HC Directs Petitioner to File DRC-03 for refund of ITC Credit

November 2, 2023 1398 Views 0 comment Print

Kerala High Court directs petitioner to file DRC-03 for refund of Input Tax Credit after Deputy Commissioner’s denial, ensuring rightful credit to the petitioner’s bank account.

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