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The problem for criticizing the decisions for the bureaucratic opacity and ambiguous fiscal regulations has been seen at several times in India. But the country has improved business index from 134 in 2013 to 63 in 2020 owing to the e-governance which includes the initiation of electronic MOA and AOA, one program for communicating in […]
With the interest for the purchase of credit inputs and capital goods the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that Unutilized CENVAT can be availed for initiated upon the liability of tax. The taxpayer M/s. Asta India Pvt. Ltd. has requested upon the order of Income-tax commissioner in which Rs 2,93,36,409 represents unutilized […]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that the assessment would be invalidated if the notice was not issued to the amalgamated company. In this matter, M/s Siemens Power Engineering Pvt. Ltd. is the assessee and It was amalgamated with M / s Siemens Limited by the High Court of Punjab […]
While assuring the social distancing, CBIC asked administration for accompanying conferences in GST cases through video conferencing. Via video conferencing CBIC announces the facts to conduct hearings so as to appeal for Acts for customs along with disputes belonging to excise and service tax. From this, the feedback has been received from the grounds of […]
Industry body CII has attempted intervention and assistance from the government to assure the recovery of the tourism industry, which is truly affected due to the COVID-19 pandemic. The CII has urged all key people to work for solving the crisis with the government. “With the new guidelines issued under Unlock 3.0 by the Government […]
All the taxpayers who do not have filed their income tax returns for the financial year 2018-19 have now been provided with a relief of two months. The Central Board of Direct Taxes (CBDT) has extended the last date to file Income Tax Returns Get all due dates of income tax return and payment of […]
The Income Tax Appellate Tribunal (ITAT), Delhi, has ruled that for the payment for the procurement of raw material from an individual of a foreign country, the Indian assessee is not required to deduct a TDS (Tax Deducted at Source). The decision of the bench of ITAT has come as a relief for the Honda […]
Niranjan Hiranandani, the president of Assocham India, said during an interview that it is the need of the hour to promote and revive the demands for all sectors and the government should take the necessary steps instead of waiting for the COVID 19 vaccine. He also said that the rate of GST (Goods and Services […]
The government officials have told that over 1,300 exporters have claimed false GST refunds Get to know about official GST refund process under GST regime as finalized by the GST Council. We have included terms and conditions of all aspects worth Rs. 1,875 Crores from different sources which are untraceable to their business. 7,516 other […]
