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Gujarat HC in the case of Hitech Projects Pvt. Ltd. Versus Union of India
Case Covered: Hitech Projects Pvt. Ltd. Versus Union of India Facts of the Case: The writ applicant No.1 is a company engaged in the work of civil construction since 1996-97. It appears from the materials on the record that a show-cause notice No.V.38/15-54/OA/2016 dated 02.05.2016
Technical Guide on Easy Incorporation of Companies through SPICE+: ICAI
Technical Guide on Easy Incorporation of Companies through SPICE+ Chapter 1 Introduction Hand Book Philosophy This is a quick guide for chartered accountants facilitating the incorporation of a company. All procedural formalities along with necessary inputs of law are provided. For elaborate understanding, it is
Taxability of Service of Club-Association Under GST Law?
Taxability of Service of Club-Association Under GST Law? In this article, an attempt has been made to deal with the vexed issue of levy of GST on various transactions entered into between the Club or Association on the one hand and its constituent members on
Recent Amendments In GST
Recent Amendments In GST Amendments made by the Finance Act, 2020 Amendment of Section 2 of CGST Act In section 2 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the Central Goods and Services Tax Act), in clause (114), for
Alcohol-Based Hand Sanitizers: A Panorama
Compendium Amid the ongoing debate over goods and services tax (GST) rate on hand sanitizers, the Goa bench of the GST Authority of Advance Ruling (AAR) has held that the alcohol-based hygiene product will attract 18 percent GST. It added that its classification as an essential commodity cannot be a criterion
Consumer Protection Act, 2019 Notified With Effect from 20 July 2020.
Consumer Protection Act, 2019 notified with effect from 20 July 2020. The main features of The Consumer Protection Act, 2019 are as follows:- 1. District forum is renamed as District Commission 2. The Opposite Party needs to deposit 50% of the amount ordered by the
Andhra Pradesh AAR in the case of M/s. Master Minds
Case Covered: M/s. Master Minds Facts of the case: The applicant herein is a proprietary firm and a leading educational institution providing coaching to students for chartered Accountancy certificate (‘CA’); Cost and Works Accountancy Certificate (‘ICWA) and Intermediate Certificate. The coaching provided by the applicant
GST On Sale of Developed Plots–– Gujarat AAR Opens “A Big Pandora Box” for Indian Real Estate Industry
GST On Sale of Developed Plots–– Gujarat AAR Opens “A Big Pandora Box” for Indian Real Estate Industry Recently the Gujarat AAR – GST in case of surprisingly has held that i.e. the sale of land/plot after developing with common facilities like water line, telephone
How to compute 5% cash transactions limit for tax audit u/s 44AB
5 percent cash transactions limit – Tax audit u/s 44AB This write up explains how to compute the limit of 5% of the aggregate of transactions for the purpose of tax audit u/s 44AB. As we are all aware that this is an amendment brought
Why FB and Google are investing in Jio?
Why FB and Google are investing in Jio? Why FB and Google are investing in Jio? It’s interesting to know that, Mukesh Ambani is leaving all his counterparts behind in the top 10 richest lists. Now he is going to move even faster in the
12% GST on Interest or Penalty Charged by Chit Fund Company
Case Covered: M/s. Ushabala Chits Private Limited Facts of the Case: The applicant is a company, engaged in conducting chit auctions for the past 36 years and is one of the longest-standing organizations. They register the members and conduct auction in respect of each chit
Why GST on hand sanitizers is 18%- CBIC
Why GST on hand sanitizers is 18% is also explained in detail by CBIC- Why GST on hand sanitizers is 18% is also explained in detail. Due to corona, the demand for hand sanitizers is at the spike. A higher rate can make it expansive