Explore impact of recent Finance Ministry notifications on GST for imports on CIF basis and ocean freight, following Supreme Court’s Mohit Minerals case.
Explore effects of recent GST changes on international freight, including inbound and outbound air and ocean freight, and how they impact importers, exporters, and freight forwarders.
Under the Indian GAAP, assets and liabilities were required to be recorded at their book values. However, under Indian Accounting Standards (Ind AS), certain assets and liabilities are required to be recorded at a fair value on each reporting date. This has opened up new opportunities for valuers in India. However, it is imperative for […]
It has been an age-old practice of Indian legislators to amend the tax laws which have the effect of overturning the decisions of the courts of the land. The most perplexing one was the amendment brought about by the Finance Act 2012 which overturned the landmark Supreme Court ruling in favour of UK-based Vodafone Plc. […]