IASB has issued the ED of revised IFRS Practice Statement – Management Commentary, which is not mandatory in nature. The revised Practice Statement would supersede the existing Practice Statement, issued in year 2010. The purpose of this ED is to obtain feedback on the IASB’s proposals.
In order to prepare a new five year Foreign Trade Policy, suggestions/inputs are invited from various stakeholders for New Foreign Trade Policy (2021-26)
Explore Angallamman Knit Fabrics vs Commissioner of Customs case. CESTAT Chennai sets aside confiscation of export goods and penalties. Full judgment here.
Petro Carbon & Chemicals Private Limited Vs Commissioner of CGST & CX (CESTAT Kolkata) The short issue that arises for consideration in the instant appeal is whether the Appellant is entitled to Cenvat credit of Service Tax paid by it on the freight component in relation to transport of goods from non-taxable territory to India […]
CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 16th July, 2021, vide Notification No. 59/2021 – Customs (N.T.) | Dated: 15th July, 2021 Government Of India Ministry Of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) New Delhi ***** Notification No. 59/2021 – Customs (N.T.) | […]
Enhancing Direct Port Delivery (DPD) by general in principle granting of the facility of DPD to the FCL consignments under Advance filed Bills of Entry which are fully facilitated (do not require assessment and/or examination).
International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products, financial services, and financial institutions in the International Financial Services Centres (IFSCs) in India.
To issue appropriate writ/order/direction to the effect declaring Sr. No. 9(ii) of the Notification No. 8/2017-Integrated Tax (Rate) dated 28.06.2017 to be an unconstitutional and ultra-vires to the provisions of the Integrated Goods and Service Tax Act, 2017 to the extend it prescribe rate for levy of Integrated-tax on services by way of transportation of goods by vessel from a place outside India, up to custom station of clearance of India, where service provider i.e. supplier of service and service recipient i.e. recipient of service both are located in non taxable territory i.e. Outside India;
Mudra Finance Limited Vs ITO (Delhi High Court) Petitions have been heard by way of video conferencing. Present writ petitions have been filed challenging t he notices dated 09th June, 2021, 30th June, 2020 and 28th June, 2020 issued in W.P. (C) 6442/2021, 6443/2021 and 6451/2021 respectively by respondent No.1 under section 148 of the Income Tax […]
Whether the exemption to a ‘defence formation for preparation and generation of E – way bills is applicable to Ordnance factories & other Central Government & Public Sector Undertakings (PSU’s) that function under the Ministry of Defence, Government of India?
