Notification No. 12/2019- Union Territory Tax (Rate)- CBIC seeks to reduce the UTGST rate on Electric Vehicles (EVs), and charger or charging stations for Electric vehicles. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2019- Union Territory Tax (Rate) New Delhi, the 31st July, 2019 G.S.R. 543(E).– In exercise of the powers conferred […]
Notification No. 13/2019- Integrated Tax (Rate)- CBIC seeks to exempt the hiring of Electric buses by local authorities from IGST. Government of India Ministry of Finance (Department of Revenue) Notification No. 13/2019- Integrated Tax (Rate) New Delhi, the 31st July 2019 G.S.R. 542(E).– In exercise of the powers conferred by sub-section (1) of section 6 of […]
Notification No. 12/2019-Integrated Tax (Rate)- CBIC seeks to reduce GST rate on Electric Vehicles (EVs), and charger or charging stations for Electric vehicles. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2019-Integrated Tax (Rate) New Delhi, the 31st July, 2019 G.S.R. 541(E).– In exercise of the powers conferred by sub-section (1) of section […]
Notification No. 13/2019- Central Tax (Rate)– CBIC seeks to exempt the hiring of Electric buses by local authorities from GST. Government of India Ministry of Finance (Department of Revenue) Notification No. 13/2019- Central Tax (Rate) New Delhi, the 31st July 2019 G.S.R. 540(E).– In exercise of the powers conferred by sub-section (1) of section 11 of […]
Requirement of section 54 in the second limb is that capital gain should be used in construction of residential house and nothing more. Assessee in the instant case was the owner of super-structure constructed by utilizing capital gain and it was clear from the lease deed by which land over which construction had been put up was given on lease to assessee, therefore, deduction under sections 54 could not be disallowed.
As per Section 52 of the Insolvency and Bankruptcy Code, 2016 (Code), a secured creditor may either (a) Relinquish its security interest to the liquidation estate and receive proceeds from the sale of the assets of the Corporate Debtor by the liquidator thereof or, (b) Realise the security interest so provided in such manner as has been specified in the Code.
Delhi High Court rules Customs can’t proceed against legal heirs of a deceased assessee. Details of the case Amandeep Singh Sehgal vs Commissioner of Customs.
Shri Devasamparambil Hassainar Kutty Vs ACIT (ITAT Jaipur) Revenue has not disputed the fact that the FDRs taken by the assessee are for the purpose of furnishing the security/guarantee to the companies those have awarded the contract to the assessee. Therefore, these FDRs were furnished as a performance guarantee by the assessee. Once the FDRs […]
Vass Impex Vs Union of India & Ors. (Delhi High Court) in CBIC circular dated 3rd April, 2018 It has been decided that all such taxpayers, who tried but were not able to complete TRAN-1 procedure (original or revised) of filing them on or before 27.12.2017 due to IT-glitch, shall be provided the facility to […]
In re M/s Gifts on Airline Solutions Pvt. Ltd. (GST AAR Rajasthan) Classification of any goods or services or both. Admissibility of Input Tax credit of Tax paid or deemed to have been paid. Determination of the liability to pay tax on any goods or services or both. Since the applicant has withdrawn the application, […]
