Note on restrictions imposed by Finance Act, 2021 pertaining to utilization of corpus donation by Charitable & Religious Trust
Finance Act 2021 has brought out an important amendment with regards to Charitable & Religious Trust wherein corpus…
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Madras High Court ruled that interest is not payable on ITC reversed/tax paid through utilization of ITC as per electronic credit ledger
In a writ petition (no. 6631 of 2021) filed by the petitioner M/s. F1 Auto Components Private Limited…
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Mandatory FSSAI License/Registration number to be printed on invoices effective from 1st October, 2021
Section 31 of Food Safety and Standard Act, 2006 requires that every company supplying food products are required to…
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e-Way Bill system is now integrated with FasTag and RFID to track real-time movement of commercial vehicles
e-Way Bill system is successfully integrated with FasTag and RFID, and details of commercial vehicle movements through the…
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Is Stock Transfer betewen two units of the same Company is taxable under GST – Analysis based on judgement of High Court
Whether Stock Transfer is taxable event under GST? Its is one of the most controversial subject under GST and…
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Refund under GST can’t be denied for technical glitches in GSTN portal
The Madras High Court in recent judgement in the case of Tvl. Mehar Tex (Appeallent) v. The Commissioner of…
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Provisional attachment under GST Law NOT on the basis of “reasons to believe” – Judgement by Supreme Court
The Supreme Court in recent judgment in the case of Radha Krishnan Industries (Appeallant) v. State of Himachal Pradesh…
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Have you received a notice from GST officer asking for reversal of ITC availed correctly
There are various instances wherein GST department issues show cause notices asking purchaser to revise the ITC availed on…
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Important provisions related to restrictions on cash transactions under Income Tax Act
1. Taking or accepting certain loans, deposits and specified sum [Section 269SS] No person is permitted to accept…
