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GST on Royalty on Mining: Allahabad HC directs Assessee to Reply to SCN

June 18, 2022 1002 Views 0 comment Print

Petitioner contended that in terms of the provisions contained in Goods and Service Tax Act no goods and services tax is leviable on the amount of royalty paid for undertaking mining operations in respect of minor minerals.

Net Direct Tax collections for Financial Year 2022-23 grown at over 45%

June 17, 2022 747 Views 0 comment Print

Net Direct Tax collections for the Financial Year 2022-23 grown at over 45% Net Direct Tax collections for the F.Y. 2022-23 continue to grow at a robust pace further fortifying the economic revival Gross Tax collections for the Financial Year 2022-23 grown at about 40% Advance Tax collections for F.Y. 2022-23 stand at Rs. 1,01,017 […]

Safe Harbour rules for AY 2022-2023 – Income tax Act, 1961

June 17, 2022 14640 Views 0 comment Print

Safe Harbour rules for AY 2022 2023 | Income tax Act, 1961 | Notification No. 66/2022-Income-Tax | Dated: 17th June, 2022 |  CBDT amends Rule 10TD of Income Tax Rules, 1962 and extended applicability of safe Harbour Rule 10TD(1) and Rule 10TD(2A) to AY 2022-23. The notification is effective dated 1 April 2022. MINISTRY OF […]

National Financial Reporting Authority Amendment Rules, 2022

June 17, 2022 3243 Views 0 comment Print

(1) These rules may be called the National Financial Reporting Authority Amendment Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

Calcutta HC directs Sales Tax Dept. to accept ‘D’ Forms & allow concessional tax rate

June 17, 2022 660 Views 0 comment Print

Instant Writ Petition has been filed against action of Sales Tax Department concerned denying it concessional rate of tax on sales made by it

AAR Maharashtra allows Bombay Presidency Radio Club Ltd to withdraw application

June 17, 2022 342 Views 0 comment Print

Application in GST ARA Form No. 01 of M/s. THE BOMBAY PRESIDENCY RADIO CLUB LTD., vide reference ARA No. 66 Dated 01.01.2021 is disposed of, as being withdrawn voluntarily and unconditionally.

AAR Maharashtra allows Ashok Nagar Co Op Housing Societies Association Ltd to withdraw application

June 17, 2022 303 Views 0 comment Print

Application in GST ARA Form No. 01 of by MIS. Ashok Nagar Co Op Housing Societies Association Ltd, vide reference Online ARA Application Dated 10.08.2020 is disposed of, as being withdrawn voluntarily and unconditionally.

AAR Maharashtra allows Abhilekh Nitin Vaidya to withdraw application

June 17, 2022 456 Views 0 comment Print

The Application in GST ARA Form No. 01 of M/s. Abhilekh Nitin Vaidya, vide reference Online ARA Application Dated 25.07.2019 is disposed of, as being withdrawn voluntarily and unconditionally.

CBIC Notifies Rate of Exchange of Foreign Currencies wef 17.06.2022

June 16, 2022 10515 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 17th June, 2022 vide Exchange rate Notification No. 51/2022-Cus (NT) dated 16.06.2022 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 51/2022 – Customs (N.T.) New Delhi, dated the 16th June, […]

Articles seized by police, may be released to Owner after detailed panchnama

June 16, 2022 5403 Views 0 comment Print

S K Industries Vs State of Gujarat (Gujarat High Court) it is settled law that, the articles seized by the police, may be released to the person, who in the opinion of the Court, is lawfully entitled to claim, after preparing detailed panchnama of such articles as well as photographs of such articles and security […]

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