Introduction: The High Court held that ITC availed by the buyer cannot be reversed on the account of seller’s failure to deposit the tax collected unless a separate enquiry or… Read More »D.Y. Beathel Enterprises V/s State Tax Officer, Tirunelveli – High Court of Madras
Taxation in a country like ours with vast population is challenging due to enormity of transactions. Hence with an intent to regulate the business transactions to create some legal provisions… Read More »Specified Financial Transactions (‘SFT’)
Background of the case Applicant is the business of manufacturing and supply of auto parts. Company is mandated under the Factories Act 1948 to provide canteen / food facilities to… Read More »Mushashi Auto Parts Private Limited – AAR No. HAR/HAAR/2019-20/18
Income Tax department to launch a new e-filing portal on 7th June 2021 • New taxpayer friendly portal to be launched on 7th June 2021• www.incometaxindiaefiling.gov.in will not be available… Read More »Tax & Compliance Updates – May 21
To be signed and uploaded with the GST application for registration.
The board resolution format attached herewith for authorisation of Director / Directors of the company for GST Registration. Has to be printed on letter head of the company.
The attached file can be use for registration under GST if the said property used for the registration is not rented but owned by any of the director / proprietor… Read More »No Objection Certificate – GST Registration
This is the first of the series of articles that we are prepared to post related to Capital Gains. There are five heads of income under the Income Tax Act… Read More »Capital Gains – Introduction
There are a number of queries on applicability of GST on intermediary services or commonly known as commission. We attempt to solve a few of them. Meaning of Intermediary :… Read More »GST on Intermediary Services
The dictionary meaning of profession is quite different from the meaning under Income Tax Act. As per the income tax only the following are considered as profession Legal : Lawyer… Read More »Income Tax for Professionals