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Assessing ZCash’s Significance in Shaping the Wider Crypto Market

June 13, 2023 1191 Views 0 comment Print

As the use and adoption of cryptocurrencies continue to grow, it’s important to study the impact of specific cryptocurrencies on the wider crypto market. This article will explore the potential of ZCash by examining the impact of ZCash on the wider crypto market.

Bolstering Digital Security: ZCash’s Impactful Contribution to Cybersecurity

June 13, 2023 1002 Views 0 comment Print

ZCash is a cryptocurrency that offers unique features in terms of privacy and anonymity, making it a valuable tool for enhancing cybersecurity. In this article, we will explore the role of ZCash in addressing these challenges and its potential impact on the future of cybersecurity.

Digitization of AEO Programme for Ease of Doing Business: Submission of AEO Applications Goes Online

June 12, 2023 1413 Views 0 comment Print

Office of the Commissioner of Customs, NS-III introduces a web-based portal for the digitization of the Authorized Economic Operator (AEO) programme. This public notice highlights the dispensing of physical submission of documents for AEO applications, emphasizing the ease of doing business.

Interactive Display System (View Board) falls under Heading 8471: CAAR

June 12, 2023 2178 Views 0 comment Print

CAAR Mumbai determines Interactive Display System (View Board) models are classified under Heading 8471, specifically under sub-heading 84714190, as per Customs Tariff Act, 1975, aligning with the criteria for Automatic Data Processing Machines.

RTI reveals 54.57% GST Registration Applications rejected by Department

June 12, 2023 9588 Views 0 comment Print

This article presents a detailed analysis of Goods and Services Tax (GST) Registration applications across multiple zones in India, providing insights into the rejection rates and the reasons behind them. According to the data provided, an overwhelming 4,935,505 GST Registration application were received across 21 zones in the country. Astonishingly, approximately 54.57% of these applications […]

Cost Inflation Index for the financial year 2023-24/Assessment Year 2024-25

June 12, 2023 14760 Views 1 comment Print

CBDT notifies the Cost Inflation Index for the financial year 2023-24, i.e., Assessment Year 2024-25, at 348, vide Notification No. 39/2023 Income-Tax, dated 12th June 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 39/2023 Income-Tax | Dated: 12th June, 2023 S.O. 2571(E).— In exercise of the powers conferred by […]

e-advance rulings (Amendment) Scheme, 2023

June 12, 2023 1536 Views 0 comment Print

CBDT notifies e-advance rulings (Amendment) Scheme, 2023 which amend e-advance rulings Scheme, 2022. Amendments are related to Board for Advance Rulings and notified vide Notification No. 38/2023 Income-Tax Dated: 12th June, 2023. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 38/2023 Income-Tax | Dated: 12th June, 2023 S.O. 2569(E).—In exercise of […]

StrataTex HSR® classifiable under HSN 59119032 subject to BIS certification

June 12, 2023 1257 Views 0 comment Print

AAR held that based on the information submitted by the applicant, the proposed product StrataTex HSR® would be classifiable under Tariff Item (TI) No. 59119032 of the Customs Tariff Act, 1975 however subject to the condition that they have been granted BIS certification in terms of amendment in Customs Tariff Act, 1975 as per 3rd Schedule (Sr. No. 43(vi)) read with section 98 of Finance Act, 2022.

Kandi ravo falls under HSN 24013000 & 28% GST payable: AAR Gujarat

June 12, 2023 1266 Views 0 comment Print

The supply of applicant of Kandi ravo’ is classifiable under 24013000. The applicant is liable to pay GST at 28% [14 % CGST and 14 % SGST] in terms of notification No. 1/2017-CT(Rate),  Sr. No. 13 of Schedule IV subject to the condition that goods are cleared without brand name.

Educational Institution Eligible for Section 10(23C)(iiiab) Exemption

June 12, 2023 5481 Views 0 comment Print

The appeal involves eligibility of an educational institution for exemption under section 10(23C)(iiiab) of Income Tax Act. It is observed that educational institution in question is substantially financed and meets criteria for exemption under section 10(23C)(iiiab) of Income Tax Act.

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