Tax Guru45m
Free Scraping Tool with Apsara Oil Pastels Constitutes Separate Supply, Taxable at 18% GST: AAR Gujarat
(i) Inclusion of a free ‘Scraping Tool’ in the pack of Apsara Oil Pastels amounts to independent ‘supply’ of the scrapping ...
Tax Guru27m
Second-Hand Goods: Margin Scheme Excludes Repair Costs; No ITC on Improvements
If margin scheme is opted for a transaction of second hand goods, the person selling the car to the company shall not issue ...
Tax Guru54m
No ITC on Share Buyback Expenses; Reversal Required on Common Inputs: AAR Gujarat
In re Gujarat Narmada Valley Fertilizers & Chemicals Limited (GST AAR Gujarat) Gujarat Authority for Advance Ruling (AAR) has ...
Tax Guru55m
Understanding HRA, TDS, and Income tax notices: Analysis
HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA ...
Tax Guru4m
No Section 54F Deduction on LTCG Without Proof of House Construction: ITAT Pune
Having aggrieved by the said order of the Assessing Officer, the assessee preferred an appeal before the CIT (A). The CIT (A) held that there is no infirmity in the order of the Assessing Officer in ...
Tax Guru22m
Section 44AD Deemed Profit Rate Not Fixed – ITAT Lowers Milk Sales Margin to 3%
5. On the other hand, the Ld. Sr. DR supported the orders of lower authorities and submit that in absence of the details filed by the assessee, the ld. CIT (A) was fair in applying rate of 8% and he ...
Tax Guru56m
New Regulations for Post-Export Shipping Bill Changes & Electronic Amendments
Customs introduces new regulations for post-export modifications to shipping bills, aiming to streamline export processes. It implements electronic amendments under Section 149 of the Customs Act, ...