Case Covered: M/s. Bright Star Plastic Industries Versus Additional Commissioner of Sales Tax & others Facts of the Case: The Petitioner is carrying on the business of manufacturing and trade of Poly Vinyl Chloride (PVC) pipes, high-density polyethylene and low-density polyethylene pipes, scrap iron angles,
There was a lot of confusion & doubts in the interpretation of Explanation 1 under Section 8 of the IGST Act 2017 in relation to condition (v) of export of services as mentioned in sub-section (6) of section 2 of the IGST Act 2017. In
When the entire country was under lockdown, businesses still continued. A business can’t run without proper management of taxes. Even in the lockdown, the professionals were handling the GST compliance. Good thing is that they could do it while sitting at home. This made taxation
The Financial year 2021-22 started with the whole country facing the 2nd wave of Covid-19, Considering all the hardships faced by taxpayers due to the Pandemic the CBDT Extended the due dates for Various ITR forms vide Circular no. 9/2021. On 7th June, the Income
The following is the data of 5 major countries contributing maximum FDI into India in the f/y 2020-21 Country FDI (in billion US $) in India GDP of the country (in billion US $) Singapore 17.41 340 USA 13.82 20936 Mauritius 5.64 11.4 UAE 4.2
Life is full of uncertainties. You had taken the GST number with a lot of frenzies, but due to some unforeseen circumstances, you have to get it cancelled. There may be multiple reasons for it. Some in your control, some maybe not. Today we are
A GIST of GST Updates: This article summarizes all the GST developments which have been announced in the past four weeks for easy and quick reading of the professionals. The updates have been arranged in the relevant order starting from the GST legislative amendments, CBIC
The new income tax portal was launched with a lot of swaggers, as the next generation portal regarding ease of filing return, reducing the processing time, and new additional features, but it all proved to be fabulist and facile like a maxim in Hindi,” Khoda
GST or Goods and services tax is a value-added tax levied on domestically sold goods. It is paid by consumers then after businessmen remit it to the government. In July 2017 GST was launched in India to eliminate tax on tax, from manufacturing level to
The New Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme and Rates announced by The CBIC on 17th August in place of the MEIS Scheme has not lived up even to minimum expectations of Trade & Industry. The Rates of Merchandise Export from
