Clipped from: https://taxguru.in/service-tax/demand-service-tax-merely-basis-of-tds-26as-statement-unsustainable.html?utm_source=feedburner&utm_medium=email Forward Resources Pvt. Ltd. Vs C.C.E. (CESTAT Ahmedabad) Held that the demand of services tax is not sustainable on the basis of TDS /26AS statements.
Category: Seven Star
*******GST on Rental Income of a Residential House Property given to a registered person
Clipped from: https://taxguru.in/goods-and-service-tax/gst-rental-income-residential-house-property-registered-person.html?utm_source=feedburner&utm_medium=email GST Impact on Rental Income of a Residential House Property has given to a registered person (Under GST) under GST Law w.e.f. 18.07.2022.
*******MSME registrations on govt’s Udyam portal near 1-crore milestone in 2 years | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-msme-registrations-on-govts-udyam-portal-near-1-crore-milestone-in-2-years/2597989/ Ease of Doing Business for MSMEs: Aadhaar number-based registration on the Udyam portal is free, paperless, and based on self-declaration. PAN and GST
*******Income Tax Return: Which ITR Form to choose? Simply check your sources of income | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-return-which-itr-form-to-choose-simply-check-your-sources-of-income/2597741/?ref=Must_Read While there are many conditions involved in deciding a Form for filing return, the main indicators are however the sources of income. As
*******GST changes from Monday may put pressure on retail inflation: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-changes-from-today-to-put-pressure-on-retail-inflation-experts-122071800632_1.html Falling global commodity prices may neutralise the impact, say experts Retail price inflation moderated to 7.01 per cent in June, from 7.04 per
*******Single package of cereals, pulses, flour etc. weighing more than 25 kg not to attract GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/single-package-ofcereals-pulses-flour-etc-weighing-more-than-25-kg-not-to-attract-gst/article65653034.ece CBIC issues clarification on GST for pre-packaged commodity in a set of Frequently Asked Questions Central Board of Indirect Taxes & Custom (CBIC)
*******RBI’s low dividend payout raises concerns – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/rbis-low-dividend-payout-raises-concerns/article65655432.ece It shows up poor risk management of forex reserves, such as relying on dollar sales in domestic forex market to book profit The
*******Exempting pre-packed pulses, cereals, other food items above 25 kg from GST big relief for wholesalers: CAIT | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-exempting-pre-packed-pulses-cereals-other-food-items-above-25-kg-from-gst-big-relief-for-wholesalers-cait/2597422/ Ease of Doing Business for MSMEs: According to FAQs issued by CBIC on Sunday, only pre-packed and labelled food items such as pulses,
*******CBIC clarifies ambiguity on GST on pre-packaged items, new rates from Monday – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/cbic-clarifies-ambiguity-on-gst-on-pre-packaged-items-new-rates-from-monday/articleshow/92940746.cms Synopsis Also the clarification said that if several packages intended for retail sale to the ultimate consumer, say 10 packages of 10 Kg
*******करावे कर-समाधान : इमारतीचा पुनर्विकास आणि प्राप्तिकर | लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant/redevelopment-of-building-and-income-tax-maintenance-redevelopment-project-selling-at-market-price-amy-95-3026005/ शहरांमध्ये इमारती जुन्या झाल्यानंतर त्यांच्या देखभालीवर (मेंटेनन्स) खर्च वाढत जातो. प्रवीण देशपांडेशहरांमध्ये इमारती जुन्या झाल्यानंतर त्यांच्या देखभालीवर (मेंटेनन्स) खर्च वाढत जातो. तसेच नवीन
*******Trade in rupee: A little step forward but nothing more | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/trade-in-rupee-a-little-step-forward-but-nothing-more-122071701064_1.html Transactions in INR shift entire exchange rate risks to the foreign party. It is difficult to fathom why any foreign trader would agree
*******Population and prosperity: Govt must focus on women’s education and health to control population growth | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/population-and-prosperity-govt-must-focus-on-womens-education-and-health-to-control-population-growth/2596776/ Each country looks for the prosperity of its people and follows policies that suit it most for a speedier road to prosperity. But
*******Swiss top court quashes move to stall transfer of info to India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/swiss-top-court-quashes-move-to-stall-transfer-of-info-to-india/articleshow/92941112.cms Synopsis Court says Switzerland can share info on bank a/cs, trusts even if money’s not distributed. The Swiss Federal Supreme Court has ruled that even
*******The downside to trade settlement in rupees – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-downside-to-trade-settlement-in-rupees/article65651671.ece For this move to succeed, raising imports and exports and implementing major financial market reforms are vital The Reserve Bank of India’s recently
*******US Recession: How will a US recession play out for India, other emerging markets? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/how-will-a-us-recession-play-out-for-india-other-emerging-markets/articleshow/92789413.cms Synopsis Since the peak in October 2021, the Indian market has been in correction mode, with over $40 billion in FPI selling. That’s
*******New GST googly: Gifted IPL tickets are no longer free – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/new-gst-googly-gifted-ipl-tickets-are-no-longer-free/articleshow/92907738.cms Synopsis This would mean that any IPL franchise owner gifting complimentary tickets to its employees will have to cough up GST on the
*******Let India export foodgrains from public stock: FM Sitharaman at G20 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/allow-india-to-export-public-stock-foodgrains-to-nations-in-need-fm-122071501325_1.html Says India could help in reducing hunger or food insecurity Union Finance Minister Nirmala Sitharaman | Photo: PTI India should be allowed to
*******UP AAR: Transfer of Lucknow Airport to Adani, transfer of going concern, does not attract GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/up-aar-transfer-of-lucknow-airport-to-adani-transfer-of-going-concern-does-not-attract-gst/article65643711.ece Gujarat AAR ruled on a similar line for Ahmedabad Airport too Transfer of business from Lucknow Airport by Airport Authority of India (AAI)
*******Educated, but no work: Covid spurs jobless rate among graduates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/educated-but-no-work-covid-accelerates-unemployment-rate-among-graduates/article65643658.ece More than half the graduates in Rajasthan have no jobs, shows CMIE data India is currently staring at a massive unemployment rate of
*******india gdp growth: Aurodeep Nandi on why Nomura more concerned about 2023 growth prospects – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/nomura-more-concerned-about-2023-where-india-gdp-growth-forecast-cut-to-4-7-aurodeep-nandi/articleshow/92899045.cms SECTIONS Aurodeep Nandi on why Nomura more concerned about 2023 growth prospects Last Updated: Jul 15, 2022, 03:56 PM IST Synopsis “What is
aniltikotekar4sme.com 