The transaction of sale of goods by Tecnimont Pvt. Ltd. (TCMPL) to Indian Oil Corporation Ltd. (IOCL) on High Seas Sale [HSS] basis in terms of Contract No. 44AC9100-EPCC-1 is covered under Entry N 8(b) of Schedule III of the CGST Act.
Explore the legal battle in Kaysons Infrastructure vs CBIC as Calcutta High Court examines the validity of a GST notice. Learn about the alleged discrepancies, challenges raised, and the court’s interim order.
Explore the MCA’s recent decision to reduce penalty for delaying surrender of a second DIN, impacting SPS Motors Private Limited. Analysis, implications, and key details revealed.
Explore SEBI’s latest circular aiming at enhancing ease of doing business. Learn about modifications in reporting, operational guidelines, and the impact on stock exchanges.
Explore SEBI’s latest circular on Alternative Investment Funds (AIFs), outlining guidelines for dematerialization of investments and mandatory custodian appointments. Stay compliant with key deadlines.
Get the latest clarification from DGFT regarding the import policy for Laptops, Tablets, All-in-one PCs, and Servers under HSN 8471. Understand the restrictions and authorization requirements for these IT hardware categories.
Customs Authority ruled that the projectors under consideration, based on their functions and features, were principally meant for use with automatic data processing machines. The presence of additional features did not disqualify them from classification under sub-heading 8528 62 00, emphasizing the specific description provided by the heading.
Explore key proposals for REITs and InvITs: ceiling on subordinate units, uniformity in rights, and managing changes post-issuance. Share your insights now!
Ministry of Finance reveals Income Tax Department’s massive search operation exposing a major tax evasion scheme in Mumbai’s electrical manufacturing sector. Preliminary findings suggest unaccounted cash sales, dubious expenses, and a network of authorized distributors involved.
Explore the implications of GST on advertising services for government departments. Learn about the criteria for intra-state and inter-state supplies, safeguarding state revenue.
