GST Got Caffeine Pricey
In the hustle-bustle of daily life, devoting loads of time to sleep is not something one can afford. Instead, picking a slice from daily routine sleep to get done with office work has become the right thing to do for the millenniums. For such individuals, caffeine is the only resort to break free from the strings of dullness and drowsiness.
Does your Icecream parlour charge you right?
With the easing of COVID restrictions, eating outside has turned into a luxury. While on one hand it appears to be something to brag about, on the other there have also been instances where people were targetted by the eating joints in terms of unreasonably high gst rates. On being inquired, they came up with the justification that the rates being charged were backed by certain notifications issued by CBIC in the past.
Constitutional Validity of RCM on Ocean Freight
Imports on CIF basis are the ones where the burden of transportation cost from origin to destination port falls on the exporter. This way, importer can in no way be held responsible for such freight payment.
Amendment to Custom Brokers Licensing Regulations, 2018
Custom brokers are agents, operating under license and acting on behalf of importer/exporter for purposes of business transactions related to departure of conveyances Or import/export of goods at any custom station including audit.
Is Refund Lost If Due Date Under Section 139 Is Missed?
The route of condonation exists wherever an assessee seeks to claim refund, deduction or exemption after the expiry of period prescribed under the Income Tax Act.
Introduction of Form No. MGT-7A
With the Advent of New Form No. MGT-7A, OPC and Small Companies will be witnessing some changes in filing of Annual Returns for F.Y.2020-21 onwards.
Extension of the manual submission facility for Form 15CA/ 15CB
In the light of inconvenience being caused to the people owing to the newly introduced Income Tax Portal, it has been decided to grant relief from the compliance of e-filing of Form 15CA/ 15CB for now.
Is Resultant Company eligible for deduction of demerger expenses under Section 35DD?
Section 35DD- Where an assessee, being an Indian company, incurs any expenditure, on or after the 1st day of April 1999, wholly and exclusively for the purposes of amalgamation or demerger of an undertaking, the assessee shall be allowed a deduction of an amount equal to one-fifth of such expenditure for each of the five successive previous years beginning with the previous year in which the amalgamation or demerger takes place.
Is buying second-hand jewellery from a dealer, rewarding under the GST Law?
GST Tax benefit accrues if previously used jewellery is one’s intended purchase. Second-hand jewellery is not the brand new type but the one which has already changed hands previously.
