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The Madras High Court ruled that the Service tax relevant to ‘Anti-Virus Software’ as it comes under the information technology software. The applicant is the owner of K7 Computing Private Limited develops Anti-Virus Software in the designation of ‘K7 Total Security’ and ‘K7 Anti-Virus’, which is antivirus software. Under Section 73(1) of the Finance Act, […]
From time to time, the government has been making changes to avoid evasion of taxes and according to a recent update, the government will soon push the efficiency of the indirect tax system These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike income tax). […]
The CESTAT stands for Customs, Excises, and Service Taxes Appellate Tribunal, and in a matter, it ruled recently that bariatric surgery will not attract service tax as it is a life-saving procedure and not a cosmetic procedure. In this matter, Dr. Mohit Bhandari is the appellant, he is a part of Bhandari Hospital and Research […]
The Bombay high court has canceled all the notices provided by the respondent authority stating that now the interest will be levied on net cash tax liability before the change in section 50 of Central GST Act, 2017 Get to know about GST levy terms on disposal of the company’s capital goods under the CGST […]
Recently the Ministry of Corporate Finance along with a discussion with the government, made some of the latest tax rate amendments in the company of a domestic nature. The updated corporate tax rates were introduced in the Income Tax Act 1961. Latest Update 03rd January 2023 Applicable tax rates for specific domestic companies (Section 115BAA) […]
Micro, Small and Medium Enterprises (MSMEs) should resemble the Punjab Chief Minister Captain Amarinder Singh about the illegal GST assessment notices granted by the State Goods and Services Tax (SGST) Get the brief introduction of SGST, IGST and CGST. We have mentioned their full forms, meanings and adjustments of input tax credit under GST in […]
By setting aside the ruling of the lower authority, the Karnataka Appellate Authority of Advance Ruling (AAAR) in its recent ruling held that On-street lightning activity under Energy Performance Contract GST at 18% rate Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates […]
The West Bengal Authority of Advance Ruling (AAR) ruled that 12% of GST is liable on the contractors to provide contract service in developing residential housing projects. The petitioner M/s Primac Projects Pvt Ltd is the owner of residential real estate Know what the experts have to say on impacts of Goods and Service Tax […]
The Income Tax Appellate Tribunal (ITAT), the Bench of Mumbai judged that TDS should not be deducted on the rent if the accommodation services were considered on a random basis. The taxpayer Dadiba kali Pundole Esplanade House has the business auction fine promoting, publishing, documenting, executing, decorative arts, and selling arts. Under section 143(1) the […]
