CONSULTEASE.COM | TaxTru Business Advisors | Activity https://consultease.com/consultants/taxtru/activity/ Activity feed for TaxTru Business Advisors. Tue, 30 Jun 2026 11:49:52 +0000 https://buddypress.org/?v=2.6.1.1 en-US 30 hourly 2 0d68c8ddb47229ffab3cb64815dbc330 TaxTru Business Advisors wrote a new post, Latest TDS/TCS Related Amendments https://www.consultease.com/?p=40929 Wed, 07 Jul 2021 07:49:33 +0000 Taxation is the price that civilized communities pay for the opportunity of remaining civilized!

Section 194Q
 

Deduction of tax at source on payment of a certain sum for the purchase of goods.

194Q. […]

]]> 0 bfa301d2311878360d27c9ddfb24bb80 TaxTru Business Advisors wrote a new post, Production Linked Incentive Scheme For Pharmaceuticals (Ver. 2.0) https://www.consultease.com/?p=40475 Mon, 21 Jun 2021 04:35:23 +0000 Version 1.0 is Extended!
▪ The Production Linked Incentive (PLI) Scheme for promotion of domestic manufacturing of critical Key Starting Materials (KSMs)/Drug Intermediates (DIs) and Active Pharmaceutical I […]

]]> 0 b60c5075438409c5af96c67a6efc0a54 TaxTru Business Advisors wrote a new post, The Constitutional Validity of Section 13(8)(B) of IGST Act 2017 https://www.consultease.com/?p=40399 Thu, 17 Jun 2021 02:50:35 +0000  

Various pre-GST concepts were transitioned into the GST era, but many were embedded with legacy disputes as well. To mention the best illustration, ‘Intermediary ’ could be one of them.

Hon’ble Gujara […]

]]> 0 9b42df1a8534a18f7c0bf7d831071064 TaxTru Business Advisors wrote a new post, A complete approach on how to deal with Show Cause Notice & Summon https://www.consultease.com/?p=39879 Wed, 26 May 2021 09:32:18 +0000 Show Cause notice
“Tax laws are the most imaginative fiction being written today.
Audi Alteram Partem
It is a time-tested principle of natural justice i.e. Audi alteram partem meaning ‘let the other side be hea […]

]]> 0 4fa3bd99789fdcf20b78529fd6697956 TaxTru Business Advisors wrote a new post, Finance Minister’s view on West Bengal’s Letter seeking exemption on Covid-19 related items. https://www.consultease.com/?p=39505 Tue, 11 May 2021 06:10:56 +0000  

In a series of tweets, Finance Minister explained that GST exemption to domestic supplies and commercial import of COVID drugs, vaccines, and oxygen concentrators would make these items costlier for […]

]]> 0 1fbd4ba4dd09e1302ec07f5e72668b48 TaxTru Business Advisors wrote a new post, Demystifying the woes of 'Classification' https://www.consultease.com/?p=39172 Sat, 01 May 2021 12:16:21 +0000 1. Importance of Correct Classification
 

“You don’t pay taxes–they take taxes

The term “Classification” is defined as a systematic arrangement in groups or categories according to established criter […]

]]> 0 a2fcefb19e62b4339b6b932535907086 TaxTru Business Advisors wrote a new post, Denial of Integrated GST refund to Advance Authorization License Holders https://www.consultease.com/?p=38247 Thu, 01 Apr 2021 06:50:16 +0000 What is Advance Authorization Scheme?

 Advance Authorization is issued to allow duty-free import of input, which is physically incorporated in export product (making normal allowance for wastage). In […]

]]> 0 befd73fff21205b79e4c6ec99fd0c2e0 TaxTru Business Advisors wrote a new post, Amazon-Future Tussle https://www.consultease.com/?p=37804 Wed, 24 Mar 2021 11:15:03 +0000 Amazon-Future Tussle

India’s retail giant Kishore Biyani’s Future Retail is stuck in a long-standing tussle with the US tech giant Amazon.
Amazon has been blocking a deal worth $3.4 billion between Future […]

]]> 0 98825d0d35dead85ceaaaba30c79cd76 TaxTru Business Advisors wrote a new post, DRI Officer Is Not ‘The’ Proper Officer' https://www.consultease.com/?p=37775 Mon, 22 Mar 2021 12:50:17 +0000 DRI!
As the apex intelligence organization of Indian Customs, it is the prime responsibility of DRI to enforce the provisions of the Customs Act, 1962.

The charter of duties of the DRI includes the collection, […]

]]> 0 af2fcbb8a45969ca4c48b807cee11557 TaxTru Business Advisors wrote a new post, Indian Tax Authorities Will Not Grant Refund of Taxes Paid In Foreign Jurisdictions https://www.consultease.com/?p=37674 Sat, 20 Mar 2021 06:18:42 +0000 Indian Tax Authorities Will Not Grant Refund of Taxes Paid In Foreign Jurisdictions
The Hon’ble Mumbai ITAT in the case of the Bank of India , has held that an Indian tax payer will not be entitled to claim r […]

]]> 0 0884effc254733328a54d84a81a95d45 TaxTru Business Advisors wrote a new post, Supreme Court Ends 'Extension Of Limitation' https://www.consultease.com/?p=37511 Fri, 12 Mar 2021 09:27:37 +0000 Supreme Court Ends ‘Extension Of Limitation’
SUO MOTO WRIT (CIVIL) NO. 3 OF 2020

IN RE: COGNIZANCE FOR EXTENSION OF LIMITATION

It is needless to point out that the law of limitation finds its root in […]

]]> 0 799d12d87e8ff3b384ea7e31dcf0bd3c TaxTru Business Advisors wrote a new post, No Royalty, No TDS https://www.consultease.com/?p=37376 Thu, 04 Mar 2021 09:32:56 +0000 Inclusion of Software Payments In The Definition of ‘Royalties’?
Excellence Private Limited Vs. The Commissioner of Income Tax & Anr

Civil Appeal Nos. 8733 – 8734 OF 2018 Dated 03 .03. 2021
I. Important […]

]]> 0 440419867ce9c387b135a8737367f927 TaxTru Business Advisors wrote a new post, Union Budget 2021-22 Analysis of Direct Tax Proposals https://www.consultease.com/?p=37164 Mon, 22 Feb 2021 05:05:39 +0000 Introduction
In the first Budget for the new decade, the good part is that there is neither change in the tax rates nor the introduction of any new Cess for individuals, even as the fiscal deficit increased due […]

]]> 0 dcefd06315ade679002f2ae1f1d11408 TaxTru Business Advisors wrote a new post, Payment of Tax By Fixed Sum Method Under QRMP Scheme https://www.consultease.com/?p=37025 Mon, 08 Feb 2021 12:11:53 +0000 Payment of Tax By Fixed Sum Method Under QRMP Scheme

W.e.f. 1st January 2021, the following two options, are available to the Taxpayers who are under Quarterly Returns and Monthly Payment of Tax (QRMP) Scheme […]

]]> 0 3e37eaed444046b15f4468c9f585f9fe TaxTru Business Advisors wrote a new post, Are states now defying the Centre's authority on GST matters? https://www.consultease.com/?p=36661 Tue, 19 Jan 2021 05:10:02 +0000 Are states now defying the Centre’s authority on GST matters?
A circular issued on 12 January 2021 by the Office of the Commissioner of State Tax, Maharashtra, says that whenever CBIC issues any circular, the […]

]]> 0 faef44c17614e0b47047988396d1770a TaxTru Business Advisors wrote a new post, India’s Response To S 301 Report of U.S. On Equalisation Levy https://www.consultease.com/?p=36472 Sat, 09 Jan 2021 11:58:22 +0000 India’s Response To S 301 Report of U.S. On Equalisation Levy

The U.S. administration had announced the initiation of an investigation under section 301 of the U.S. Trade Act, 1974 against the taxation on d […]

]]> 0 62384d0b0e81c82c818d9ea1a3893bd3 TaxTru Business Advisors wrote a new post, CBIC Introduces "Flagship Liberalised Authorised Economic Operator Package" For MSMEs https://www.consultease.com/?p=36454 Fri, 08 Jan 2021 12:29:56 +0000 CBIC Introduces “Flagship Liberalised Authorised Economic Operator Package” For MSMEs

Recognizing their critical contribution in supporting the economy especially during the present difficult times of the […]

]]> 0 2df1505a6b5236e63517f65be6015172 TaxTru Business Advisors wrote a new post, Benefits of Filing Income Tax Return https://www.consultease.com/?p=36371 Mon, 04 Jan 2021 07:21:42 +0000 Benefits of Filing Income Tax Return
Easy Loan Approval: Filing the ITR will help individuals, when they have to apply fora vehicle loan (2-wheeler or 4-wheeler), House Loan, etc. All major banks can ask for a […]

]]> 0 623de294935903a27ea029c40c698864 TaxTru Business Advisors wrote a new post, Quarterly Return Monthly Payment Scheme (QRMP) - New Facelift https://www.consultease.com/?p=36231 Fri, 25 Dec 2020 06:52:18 +0000 Quarterly Return Monthly Payment Scheme (QRMP) – New Facelift
Volume: 2
A. Exordium
The Central Board of Indirect Taxes & Customs (CBIC) vide Circular No. 143/13/2020-GST dated 10th November 2020 introduced […]

]]> 0 f4d991a779210fc7d5faa26ea84073c2 TaxTru Business Advisors wrote a new post, CBIC Issued SOP For Physical Verification https://www.consultease.com/?p=35724 Wed, 02 Dec 2020 08:31:03 +0000 CBIC Issued SOP For Physical Verification
CBIC ASKS FOR PHYSICAL VERIFICATION OF PREMISES OF BUSINESSES WHICH HAVE BEEN GRANTED DEEMED GST REGISTRATION BETWEEN AUGUST 21-NOVEMBER 16

Recently, The CBIC vide […]

]]> 0 98fb813564c1df27ddb244c8dcd9f69d TaxTru Business Advisors wrote a new post, High Court Should Be Loathe To Entertain The Writ Petitions Questioning The Seizure of Goods: SC https://www.consultease.com/?p=35600 Thu, 26 Nov 2020 05:51:34 +0000 High Court Should Be Loathe To Entertain The Writ Petitions Questioning The Seizure of Goods: SC
What is it about?
Interim orders were passed by the Allahabad High Court directing the GST authority to release […]

]]> 0 fdc0aa7e0e7fc6ea7162877e08b84210 TaxTru Business Advisors wrote a new post, Gujarat HC Denies Integrated GST Rebate To Advance Authorization License Holders - Is It Fair? https://www.consultease.com/?p=35507 Fri, 20 Nov 2020 05:16:38 +0000 Gujarat HC Denies Integrated GST Rebate To Advance Authorization License Holders – Is It Fair?
✔️Holders of advance authorization licenses were entitled to import raw materials without payment of integrated GST […]

]]> 0 8caa4687b4664e4cb30b69d1b2711967 TaxTru Business Advisors wrote a new post, Tax Authorities can’t give interpretations to legislative provisions on the basis of their own perception of trade practices: SC https://www.consultease.com/?p=33271 Wed, 26 Aug 2020 10:12:26 +0000 Tax Authorities can’t give interpretations to legislative provisions on the basis of their own perception of trade practices: SC

The Supreme court held as illegal the circulars issued by the Rajasthan C […]

]]> 0 7152c947ffb1051fe213dfda3dee9fbd TaxTru Business Advisors wrote a new post, Epiphany by the Madras High Court in TRAN-1 debate https://www.consultease.com/?p=33012 Thu, 20 Aug 2020 09:23:08 +0000 Epiphany by the Madras High Court in TRAN-1 debate
Compendium

The issue regarding the availment of transitional credit from erstwhile law to GST has become the most contentious topic. The heated debate […]

]]> 0 b026d11793c246a99b18b2ffc092c846 TaxTru Business Advisors wrote a new post, Compliance A Ready Reckoner https://www.consultease.com/?p=32731 Tue, 11 Aug 2020 06:20:27 +0000 Compliance A Ready Reckoner
Comprehensive Charts for Indirect Tax and Direct Tax Compliances
Indirect Tax (GST Compliance)
GSTR-3B (As per Rule 61(5) of CGST Rules 2017) IF TURNOVER MORE THAN RS. 5 […]

]]> 0 d67b1ef95e7d85d1276e203b84174e9c TaxTru Business Advisors wrote a new post, Demystifying The Interpretation of ‘A Proviso’ https://www.consultease.com/?p=32557 Sat, 08 Aug 2020 05:50:41 +0000 Demystifying The Interpretation of ‘A Proviso’
Compendium
• The proviso is generally not used but is resorted to providing conditions on riders to the main provisions.
• The proviso qualifies the general […]

]]> 0 6ea8ee9c7409de4b721e1e66f3b61942 TaxTru Business Advisors wrote a new post, New Education Policy 2020 https://www.consultease.com/?p=32270 Mon, 03 Aug 2020 06:00:25 +0000 New Education Policy 2020
Compendium

The Union Cabinet approved a new “National Education Policy on July 29, 2020” after the 34-year gap.
The National Education Policy, 2020 is meant to provide an ove […]

]]> 0 9f9ced2d3b8737e758b60f3d64b7f514 TaxTru Business Advisors wrote a new post, Alcohol-Based Hand Sanitizers: A Panorama https://www.consultease.com/?p=31468 Fri, 17 Jul 2020 13:17:16 +0000 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 att […]

]]> 0 c4a6c9223c14216b702b96c1a9d43500 TaxTru Business Advisors became a registered member https://consultease.com/activity/p/26956/ Fri, 06 Mar 2020 02:26:44 +0000 0