No credit available on lift installation charges
The Hon’ble AAAR, Maharashtra in Re: M/s Las Palmas Co-operative Housing Society [Order No. MAH/AAAR/RS-SK/24/2020-21 dated July 20, 2020] held […]
Advance Ruling-New
Notification and Circular, Notification And Circular
DGFT amended FTP 2015-20 for disallowing import of “tyres” under DFIA scheme
The DGFT vide Notification No. 38/2015-2020 dated October 6, 2020 amended Foreign Trade Policy, 2015-2020 (“FTP 2015-20”) to insert sub-para
Important News, News
CBDT has issued refunds of over Rs. 1,21,607 crore to more than 35.93 lakh taxpayers between April 01, 2020 to October 06, 2020
As per the recent tweet of Income Tax India, the CBDT issues refunds of over Rs. 1,21,607 crore to more than
Press Release, Press Release
Income Tax Department conducts searches in Bihar & UP
The Income Tax Department, on the basis of actionable intelligence received, conducted search and seizure actions on 06-10-2020 in Patna,
Notification And Circular, Notification and Circular
DGFT issued notification for amendment in FTP 2015-16 for enabling issue of scrips under RoSL as notified by the Ministry of Textiles
Background: The Ministry of textiles vide Notification No. 12015/11/2020-TTP dated June 9, 2020 amended Para 6.3 of the Notification No.
Important News, News
CNBC-TV18: Aluminium Association of India writes to FM seeking import duty rationalisation
As per the recent tweet of CNBC-TV18, the Aluminium Association of India writes to Finance Minister seeking import duty rationalisation; gives
GST Recent News, News
GST Compensation issue: No vote needed on borrowing, say sources
As conclusion eludes the GST Council to form a consensus on the option of borrowing to make good for the
GST Recent News, News
Pre-filled GST returns to become a norm from January 2021
Businesses must brace for a new trend that is set to define Goods and Services Tax (GST) return filings pre-filled
Advance Ruling-New
AAAR Karnataka quashes ruling to classify parota under 18% GST slab
‘Whole Wheat Parota’ and ‘Malabar Parota’ seem to be in a soup again as Karnataka AAAR (Appellate Authority for Advance
GST Recent News, News
GST compensation: Opposition states unlikely to change stance at next meeting
Opposition led states are unlikely to change their stance at the next GST Council meeting on October 12, with some