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No service tax on stability studies & technical testing & analysis of new drugs

June 18, 2022 1461 Views 0 comment Print

No Service Tax on stability studies and technical testing and analysis of new drugs were classifiable under taxable category of Scientific and Technical Consultant Service and Technical Testing and Analysis Service

Arbitration & SARFAESI Act Proceedings can be Resorted Simultaneously

June 18, 2022 6582 Views 0 comment Print

Om Prakash Kumawat Vs Rekha Kumawat (Rajasthan High Court) In case of Indiabulls Housing Finance Limited , the Apex Court, after appreciating Sections 35 & 37 of the SARFAESI Act, held that arbitration proceedings and proceedings under the SARFAESI Act can be resorted to simultaneously Contention of learned counsel for the petitioners that in view […]

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

June 18, 2022 1017 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 765 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 14679 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 3276 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 681 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 366 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 321 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 471 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.

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