https://taxguru.in/goods-and-service-tax/gst-department-pass-order-u-s-74-2-months.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-department-pass-order-u-s-74-2-months.html In the complex legal framework of the Goods and Services Tax (GST) in India, every judicial interpretation can have far-reaching implications. One
Category: Seven Star
👍👍👍👍👍👍👍Corporate Guarantee- Whether supply or not under GST
https://taxguru.in/goods-and-service-tax/corporate-guarantee-supply-gst.html Clipped from: https://taxguru.in/goods-and-service-tax/corporate-guarantee-supply-gst.html Applicability of GST on corporate guarantee wherein related parties are involved and there is no consideration, has been a matter of dispute
👍👍👍👍👍👍👍Understanding Tax Implications for High-Premium Life Insurance Policies: Decoding the CBDT Circular – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/clarifying-new-taxation-rules-in-life-insurance/article67230641.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/clarifying-new-taxation-rules-in-life-insurance/article67230641.ece A recent CBDT circular considers all possible cases and explains tax implications with examples Life insurance policies with annual premium over ₹5
👍👍👍👍👍👍👍Positive Tax Relief for Employees on Rent-Free Accommodation Perquisites – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-relief-for-employees-residing-in-accommodation-provided-by-employer/article67234343.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-relief-for-employees-residing-in-accommodation-provided-by-employer/article67234343.ece A ‘perquisite’ signifies a non-monetary benefit extended by employers to their employees. The value of such perquisites is taxable in the hands
👍👍👍👍👍👍👍Warren Buffett’s nine decades in investing: 9 timeless lessons from his legendary career – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/warren-buffetts-nine-decades-in-investing-9-timeless-lessons-from-a-legendary-career/article67253397.ece?cx_testId=27&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EXEPURFQAOW6#cxrecs_s As Warren Buffett celebrates his 93rd birthday, his 82 years of investment wisdom remain timeless. From avoiding big mistakes to valuing prudence, here
👍👍👍👍👍👍👍Google Search’s generative AI experience: What it is and how it works
https://www.business-standard.com/technology/tech-news/google-search-s-generative-ai-experience-what-it-is-and-how-it-works-123083100620_1.html lipped from: https://www.business-standard.com/technology/tech-news/google-search-s-generative-ai-experience-what-it-is-and-how-it-works-123083100620_1.html The AI-enabled search is now available on Chrome desktop if you opt for it. It will be rolled out on the Google
👍👍👍👍👍👍👍Limitation Act 1963 Doesn’t Apply to GST Appeal Timeframes
https://taxguru.in/goods-and-service-tax/limitation-act-1963-apply-gst-appeal-timeframes.html Clipped from: https://taxguru.in/goods-and-service-tax/limitation-act-1963-apply-gst-appeal-timeframes.html Sanjib Kumar Pal Vs Union of India (Tripura High Court) Introduction: The Tripura High Court’s judgment in the case of “Sanjib Kumar Pal
👍👍👍👍👍👍👍Section 24(b), 80C & 80D Deduction Can’t Be Denied for Not Claiming in ITR
https://taxguru.in/income-tax/section-24b-80c-80d-deduction-denied-claiming-in-itr.html Clipped from: https://taxguru.in/income-tax/section-24b-80c-80d-deduction-denied-claiming-in-itr.html Sandip Chattopadhyay Vs ITO (ITAT Kolkata) The case of Sandip Chattopadhyay vs. ITO came before the Income Tax Appellate Tribunal (ITAT) Kolkata,
👍👍👍👍👍👍👍MSME Registration: Process and Benefits
https://taxguru.in/corporate-law/msme-registration-process-benefits.html Clipped from: https://taxguru.in/corporate-law/msme-registration-process-benefits.html MSME Registration: Everything You Need to Know MSME stands for Micro, Small and Medium Enterprises. They are the backbone of the Indian
👍👍👍👍👍👍👍No Extended Limitation When Details Transparently Shared in ST-3 Returns
https://taxguru.in/service-tax/extended-limitation-details-transparently-shared-st-3-returns.html Clipped from: https://taxguru.in/service-tax/extended-limitation-details-transparently-shared-st-3-returns.html Arya Logistics Vs C.C.E. & S.T.-Rajkot (CESTAT Ahmedabad) Introduction: The case of Arya Logistics versus C.C.E. & S.T.-Rajkot has taken the limelight in
👍👍👍👍👍👍👍Claim of Deduction u/s 80P (2) of Income Tax Act by Co-op Society cannot be Denied on Breach of Principle of Mutuality or Violation of Bye Law: ITAT
Clipped from: https://www.taxscan.in/claim-of-deduction-u-s-80p-2-of-income-tax-act-by-co-op-society-cannot-be-denied-on-breach-of-principle-of-mutuality-or-violation-of-bye-law-itat/315917/ The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the claim of deduction under Section 80P (2) of Income Tax Act 1961 by cooperative
👍👍👍👍👍👍👍Taxability of Gifts under Income Tax Act, 1961
https://taxguru.in/income-tax/taxability-gifts-income-tax-act-1961.html Clipped from: https://taxguru.in/income-tax/taxability-gifts-income-tax-act-1961.html Gifts are taxed in India under the Income Tax Act, as there is no separate gift tax in India since the abolishment
👍👍👍👍👍👍👍Extended period of limitation invoked as facts suppressed with intention to evade payment of tax
https://taxguru.in/service-tax/extended-period-limitation-invoked-facts-suppressed-intention-evade-payment-tax.html Clipped from: https://taxguru.in/service-tax/extended-period-limitation-invoked-facts-suppressed-intention-evade-payment-tax.html Senthil Engineering Works Vs Commissioner of GST & Central Excise (CESTAT Chennai) CESTAT Chennai held that extended period of limitation invoked as
👍👍👍👍👍👍👍Positive Tax Relief for Employees on Rent-Free Accommodation Perquisites – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-relief-for-employees-residing-in-accommodation-provided-by-employer/article67234343.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-relief-for-employees-residing-in-accommodation-provided-by-employer/article67234343.ece A ‘perquisite’ signifies a non-monetary benefit extended by employers to their employees. The value of such perquisites is taxable in the hands
👍👍👍👍👍👍👍SCN solely based on difference between ST-3 & ITR cannot be sustained
https://taxguru.in/service-tax/scn-solely-based-difference-st-3-itr-sustained.html Clipped from: https://taxguru.in/service-tax/scn-solely-based-difference-st-3-itr-sustained.html Commissioner of CGST & CE Vs Modern Road Makers Pvt. Ltd. (CESTAT Mumbai) Introduction: The Commissioner of CGST & CE vs Modern Road
👍👍👍👍👍👍👍Important Highlights of Digital Personal Data Protection Act, 2023
https://taxguru.in/corporate-law/important-highlights-digital-personal-data-protection-act-2023.html Clipped from: https://taxguru.in/corporate-law/important-highlights-digital-personal-data-protection-act-2023.html Background The Journey towards the Data Protection Legislation can be traced back to 2017 when an expert Committee was Constituted by the
👍👍👍👍👍👍👍Understanding MSME the Easy Way: A Comprehensive Guide
https://taxguru.in/corporate-law/understanding-msme-easy-way-comprehensive-guide.html Clipped from: https://taxguru.in/corporate-law/understanding-msme-easy-way-comprehensive-guide.html MSME, an acronym for Micro, Small and Medium Enterprises, encapsulates a sector that’s synonymous with growth, innovation, and dynamism in India’s economy.
👍👍👍👍👍👍👍Extended Period of Limitation cannot be Invoked unless there is Evidence of Fraud or Collusion or Wilful Misstatement: CESTAT
Clipped from: https://www.taxscan.in/extended-period-of-limitation-cannot-be-invoked-unless-there-is-evidence-of-fraud-or-collusion-or-wilful-misstatement-cestat/314873/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Extended%20Period%20of%20Limitation%20cannot%20be%20Invoked%20unless%20there%20is%20Evidence%20of%20Fraud%20or%20Collusion%20or%20Wilful%20Misstatement:%20CESTAT The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), observed that extended period of limitation cannot be invoked unless there is evidence of
👍👍👍👍👍👍👍Latest Case Law Related to IBC – April to June 2023
https://taxguru.in/corporate-law/latest-case-law-related-ibc-april-to-june-2023.html Clipped from: https://taxguru.in/corporate-law/latest-case-law-related-ibc-april-to-june-2023.html Supreme Court Orders Sanket Kumar Agarwal & Anr. Vs. APG Logistics Pvt. Ltd. [Civil Appeal No. 748 of 2023] The SC held
👍👍👍👍👍👍👍10 Recent Changes in CGST Rules, 2017
https://taxguru.in/goods-and-service-tax/10-recent-changes-in-cgst-rules-2017.html Clipped from: https://taxguru.in/goods-and-service-tax/10-recent-changes-in-cgst-rules-2017.html 1. Rule 88 D inserted Rule 88D inserted to provide manner of dealing with difference in Input Tax Credit (ITC) available in
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