In re Rohit Singh Kharwar (GST AAR West Bengal) ♦ The applicant is engaged in the business as an importer of spare parts of electrically operated vehicles. He intends to enter into the business of manufacturing & reselling of electrically operated three wheeled vehicles in West Bengal. ♦ Following are the rulings in respect of […]
In re Toplink Motorcar Private Limited (GST AAR West Bengal) The applicant is an authorized dealer of Hyundai Motor India Limited for supply of different ranges of motor vehicles & also carries on business activities as an authorized service station. He purchases vehicles against tax invoices which are reflected in his books of accounts as […]
Notification No. 75/2022- (Income-tax) | Dated: 30th June, 2022– CBDT specifies a token which qualifies to be a virtual digital asset as non-fungible token within the meaning of sub-clause (a) of clause (47A) of section 2 of the Act but shall not include a non-fungible token whose transfer results in transfer of ownership of underlying […]
Amendment of Income Tax rule 31A and insertion of Form No. 26QF (Quarterly statement of tax deposited in relation to transfer of virtual digital asset under section 194S to be furnished by an exchange for the quarter) vide Notification No. 73/2022- Income Tax Dated 30th June, 2022. Notification below is updated with subsequent Corrigendum Notification […]
Ernst And Young U.S. LLP Vs ACIT (Delhi High Court) Court is of the view that the Petitioner-Assessee has a right to get adequate time in accordance with the Act to submit its reply. Section 148A(b) permits the Assessing Officer to suo moto provide up to thirty days period to an assessee to respond to […]
Gulam Deen Vs State of Punjab (Punjab & Haryana High Court) This Court has taken note of the judgements cited on behalf of the petitioners and also the fact that the girl in the instant case i.e. petitioner No.2 is aged more than 16 years. In the case of Yunus Khan vs. State of Haryana […]
Notification No. 56/2022-Customs (N.T.) | Dated: 30th June, 2022 – Sea Cargo Manifest and Transhipment (First Amendment) Regulations, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 56/2022-Customs (N.T.) | Dated: 30th June, 2022 G.S.R. 483(E).—In exercise of the powers conferred by section 157, read with […]
Notification No. 36/2022-Customs [G.S.R. 489(E).], Dated: 30.06.2022 – Seeks to increase BCD rate on Gold imported under TRQ of India-UAE CEPA MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 36/2022-Customs | Dated: 30th June, 2022 G.S.R. 489(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 […]
Notification No. 35/2022-Customs [G.S.R. 488(E).], Dated: 30.06.2022 – Seeks to increase the rate applicable under BCD exemption on Gold imported under replenishment scheme MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 35/2022-Customs | Dated: 30th June, 2022 G.S.R. 488(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs […]
Notification No. 34/2022-Customs [G.S.R. 487(E).], Dated: 30.06.2022 – Seeks to exempt Gold imports from Social Welfare Surcharge MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 34/2022-Customs | Dated: 30th June, 2022 G.S.R. 487(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read […]
