👍👍India trade: US emerges as India’s biggest trading partner in FY23 at $128.55 bn; China at second position – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/us-emerges-as-indias-biggest-trading-partner-in-fy23-at-128-55-bn-china-at-second-position/articleshow/99532762.cms Synopsis According to provisional data of the commerce ministry, the bilateral trade between India and the US has increased by 7.65 per cent

GST applicable on Voluntary Gratuitous Payment from Outgoing Members of Housing Cooperative Society: AAAR

Clipped from: https://www.taxscan.in/gst-applicable-on-voluntary-gratuitous-payment-from-outgoing-members-of-housing-cooperative-society-aaar/267143/?utm_campaign=Campaign+Name&utm_medium=email&utm_source=Newsletter The Maharashtra Appellate Authority of Advance Ruling (AAAR) has ruled that GST is payable on voluntary gratuitous payment from an outgoing member of

Dettol is Medicine, 4% VAT Applicable under KVAT Act: Supreme Court

Clipped from: https://www.taxscan.in/dettol-is-medicine-4-vat-applicable-under-kvat-act-supreme-court-read-judgement/268615/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Dettol%20is%20Medicine,%204%%20VAT%20Applicable%20under%20KVAT%20Act:%20Supreme%20Court By Aparna. M – On April 11, 2023 6:45 pm – 2 mins read The Supreme Court in a recent case, held that Dettol is a medicine

Harpic Toilet Cleaner and Lizol Floor Cleaner are not Insecticides, Taxable at 12.5%: Supreme Court

Clipped from: https://www.taxscan.in/harpic-toilet-cleaner-and-lizol-floor-cleaner-are-not-insecticides-taxable-at-12-5-supreme-court/268582/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Harpic%20Toilet%20Cleaner%20and%20Lizol%20Floor%20Cleaner%20are%20not%20Insecticides,%20Taxable%20at%2012.5%:%20Supreme%20Court By Aparna. M – On April 11, 2023 6:30 pm – 2 mins read The Supreme Court has recently held that Harpic Toilet Cleaner and Lizol Floor

Mosquito Mats, Coils and Vaporizers and Mortein are insect Killers, subject to 12.5% VAT: SC

Clipped from: https://www.taxscan.in/mosquito-mats-coils-and-vaporizers-and-mortein-are-insect-killers-subject-to-12-5-vat-sc/268562/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Mosquito%20Mats,%20Coils%20and%20Vaporizers%20and%20Mortein%20are%20insect%20Killers,%20subject%20to%2012.5%%20VAT:%20SC By Aparna. M – On April 11, 2023 6:15 pm – 2 mins read In a significant case, the supreme court held that mosquito mats, coils, vaporizers

Interest/ Salary received by Partner from Firm Not Assessable as “Other Income”: ITAT

Clipped from: https://www.taxscan.in/interest-salary-received-by-partner-from-firm-not-assessable-as-other-income-itat-read-order/268395/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Interest/%20Salary%20received%20by%20Partner%20from%20Firm%20Not%20Assessable%20as%20%E2%80%9COther%20Income%E2%80%9D:%20ITAT The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that interest/ salary received by a partner from a firm is not assessable as “other

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