CASE-1 Applicant’s Name: Khera Trading Company Citation: Advance Ruling No. HAR/HAAAR/2018-19/06 The Haryana Appellate Authority of Advance Ruling (AAAR) bench held that 18% Goods and Service Tax (GST) is payable on pizza topping as pizza topping is not pizza. BRIEF FACTS: 1. The appellant is in the business of distributing various dairy and non-dairy products […]
Reliance Industries’ retail arm, Reliance Retail, has acquired the majority of share of the netmeds which represent the 60%of the total of the equity shares in market for the heavy price of 620 crore. [1]An acquisition take place when the business entity purchases the stock of the target company which is more than 50% making […]
Multiplier Grants Scheme Multiplier Grants Scheme is implemented by DeitY (i.e., the Department of Electronics and Information Technology). The Scheme, basically, aims to bridge the gap between research & development and commercialization. The current article covers the objectives of the Multiplier Grants Scheme; eligibility conditions under Multiplier Grants Scheme and procedures followed under Multiplier Grants […]
Learn about the application process and time limits for registration under Sections 11 and 12AB for a Public Trust.
The business enterprise environment is unexpectedly converting with recognize to technology, competition, products, people, geographical area, markets, and customers. It isn’t always enough if companies hold pace with those adjustments but are expected to beat competition and innovate in order to constantly maximize shareholder value. Inorganic growth strategies like mergers, acquisitions, takeovers and spinoffs are […]
In the awake of spread of COVID-19 cases, almost all offices have opted for an unusual and untested way of ‘working from home’ and the units established in various Special Economic Zones (SEZ) were no exception to it.
Levy of Interest of Sec 234A of Income Tax, Individual- Non Audit Cases, where net tax liability is more than 1 Lakhs- AY 2021-22 In the recent intimation of Sec 143(1) of Income Tax Act 1961, CPC is leving interest under Sec 234A till the filing of return, however the assessee has paid all the […]
Understanding GST payable on composite supply of work contract involving earth work in Maharashtra. Get insights from the Maharashtra AAR ruling.
A negotiable instrument is a piece of paper that entitles a person to pay a sum of money that is transferable from one person to another by endorsement and delivery. The main objective before introducing the Negotiable Instrument Act, 1881 is to legalize the system under which these instruments can deliver from one person to another the same as that of ordinary goods.
THE POWER OF EQUITY Mohammed Anwar Ahmed, a retired resident of Amalner, a sleepy town in Jalgaon district of Maharashtra, happened to invest in 1980 Rs. 10,000 (half of Rs. 20,000 he had got as his share from the sales proceeds of his father’s farmland) in buying 100 shares of WIPRO (then Western India Vegetables […]
