New TDS Provisions introduces w.e.f 1st July 2021 New Section 194Q – Deduction of tax at source on payment of a certain sum for the purchase of goods, was proposed to be inserted in Budget 2021. The same has been notified to be inserted w.e.f
Introduction of Slump Sale • The clause 42C of section 2 of the Income Tax Act was introduced via Finance Act 1999, Prior to the insertion Courts have held that slump sale is a sale of a business on a going concern basis where
GST returns are a mechanism of self-assessment. Government desire that taxpayer should file it on time. Many events are connected with the late filing of GST returns. Here we have incorporated all the important events related to GST returns. It may be late fees or
General Dental Awareness Structure of teeth Enamel (topmost layer) -The hard material on the outer surface of the tooth. Dentin (middle layer) -Below the enamel – the bonelike material that surrounds the sensitive inner parts of the tooth. Pulp (innermost layer) -Tissue that contains
2021 (6) TMI 383 – Bombay High Court in Dharmendra M. Jani Versus Union of India and Others Facts Petitioner provides marketing and sales promotion services to customers/principals located outside India who in turn export goods to importers in India on the basis of
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 Ingredients (APIs) in India. ▪ Production Linked Incentives of up to INR 6,940 crores have been approved. ▪
2021 (6) TMI 383 – Bombay High Court in Dharmendra M. Jani Versus Union of India and Others Question for Consideration before Hon’ble Court Whether Section 13(8)(b) of IGST Act, 2017 creating the deeming fiction of treating the place of supply as the
Introduction In Pre GST era section 11A of the Central Excise Act, section 28 of the Customs Act and Section 73 of Finance Act 1994 dealt with SCNs • In GST law following sections deal with SCN: a) Section 73: Determination for reason other than
2021 (6) TMI 516 – Delhi High Court in Central Goods and Service Tax Delhi East Versus Sh. Naval Kumar &Ors. Allegation. 1. M/s Milkfood Limited is at the center of this network and has availed huge ITC from firms that have been proved to
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 Gujarat High Court in case of Material Recycling Association of India vs Union
