The supply of Ready to Serve Fruit Beverage named as Fizzy Apple and Fizzy Malt made by the applicant is classifiable as ‘Carbonated Beverages with Fruit Juice’ under entry No.12B of HSN Code 2202 under Sch.IV, per notfn No.01/2017-CT(R) dated 28.6.2017 as amended vide notfn No.8/2021-CT(R) dated 30.9.2021 and is liable to GST @28% & 12% Compensation Cess per notfn No.1/2021-CC(R) dated 30.9.2021.
Whether Financial Creditor of Holding Company Considered as Financial Creditor of Subsidiary in Case Loan to Holding Company Is Secured by Subsidiary Anuj Jain Interim Resolution Professional for Jaypee Infratech Limited Vs Axis Bank Limited Etc. (Supreme Court), Appeal Number : Civil Appeal Nos. 8512-8527 Of 2019, Date of Judgement/Order : 26/02/2020 Sub: The case essentially […]
बजट में इस बार प्रस्तावित किया गया कि दवाई कंपनियां डाक्टरों को जो भी गिफ्ट फ्रिबीज़ देंगी, वह न केवल डाक्टर की आय में जोड़ा जाएगा, साथ ही इसका खर्च कंपनियों को आयकर के अन्तर्गत मान्य नहीं होगा. इंडियन मेडिकल काउंसिल के विनियमन, 2002 के उपनियम के मुताबिक डॉक्टरों को फार्मा कंपनियां का फ्रीबी देना […]
As I am penning down this piece, the market capitalisation worth Rs. 13.4 lakhs crores have already been eroded with BSE index plunging by 2700 points and NSE index tanking by 815 points, on account of Russia’s launching of a special military operation cum all-out invasion by land, air and sea of Ukraine on 24.2.2022. […]
Arjuna (Fictional Character): Krishna, Honourable Finance Minister had declared the Finance Budget of 2022-23 on 01st February in the Lok Sabha wherein proposal to bring provision of filing updated return of income tax was introduced. What is this provision of filing updated return? Krishna (Fictional Character): Arjuna, it is proposed to insert a new provision […]
Kirti & Anr. Etc. Vs Oriental Insurance Company Ltd (Supreme Court of India) Appeal Number : Civil Appeal No.19-20 of 2021 Date of Judgement/Order : 05/01/2021 HELD THAT : In the recent case passed by the three-judge bench of the Supreme Court on 5 January 2021, the court granted future prospects even in cases of […]
Whether Income Tax Exemption is available in respect of Educational Loan taken for the purposes of higher education abroad? All salaried persons and pensioners should submit their Income Tax Final Statement (with respect to the A.Y 2022-203, Previous Year 2021-2022) before February 28, 2022. Income Tax Final Statement should be submitted before the relevant Drawing […]
Finance Bill, 2022 has proposed certain changes in Goods and Services Tax laws through proposals contained in its clauses 99 to 123. While these amendments shall come into force from a notified date after enactment of Finance Bill, 2022, there are specific proposals which upon enactment, shall come into force from retrospective effect or date […]
Wanting the best protective detail for your car is natural. Car insurance is the key to maintaining and preventing technical glitches. The consequences of an accident can be more than just a dented exterior and that is why good car insurance is a necessity.
What is Startup India Seed Fund Scheme? Easy availability of capital is essential for entrepreneurs at the early stages of growth of an enterprise. Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants. It is […]
