Taxability of Joint Development Agreement Joint Development Arrangement (JDA) has always been a bone of contention between the assessee and the tax department. The dispute lies is in measuring the correct amount of tax both under Direct and Indirect Taxes. Hence it has always been
SEARCH, SEIZURE, AND RELEASE OF SEIZED GOODS CONSTITUTIONAL VALIDITY OF SEARCH AND SEIZURE A search by itself is not a restriction on the right to hold and enjoy the property. No doubt a seizure and carrying away is a restriction of the possession and enjoyment
Renting/ Leasing/ Licensing/ Transfer of Right to Use of Goods, Immovable Property and Intellectual Property Rights Renting/ Licensing/ Transferring the Right to use can be classified under four categories 1. Immovable Property a. Residential Property for Residential Use- SAC 9972 b. Residential Property for Commercial
Provision on Place of Supply under GST Determination of Place of Supply What is the place of supply in GST? GST is a destination-based tax, i.e., the goods/services will be taxed at the place where they are consumed and not at the origin of supply.
Registration under GST [Section 22 to Section 30 of CGST Act and Rules 8 to 26 of CGST Rules along with FORM GST REG 01 to GST REG 30] Registration of any business entity under the GST Law implies obtaining a unique number known as
Valuation under GST SECTION 15: VALUE OF TAXABLE SUPPLY[RULE 27 TO RULE 35] As GST is payable as a percentage of the value of supply, it is thereby important to determine the value of taxable supply as per the GST Law. Section 15 of the
Time of Supply under GST After ascertaining whether a transaction falls under the definition of supply, we come to the next pertinent issue, the date of the charging event i.e. the date when the liability of the tax arises which is covered by the provisions
Supply under GST The determination of the taxable event is one of the most important matters in every tax law. It is that event which on its occurrence creates or attracts the liability to tax. The taxable event under GST shall be the supply of goods
Input Tax Credit Reversal on Discount Received DISCOUNT RECEIVED- ITC REVERSAL? As a matter of Trade Policy, the suppliers allows the discounts on the goods supplied. Discounts may in nature of 1. Turnover Discount 2. Volume Discount based on Quantity 3. Value Discounts 4. Bonus
Do Companies Act, 2013, and Rules Empower The ROC to De-activate “DIN” of Any Director Which was Allotted Under Section 154 of The Companies Act, 2013 ?. In this article, an attempt has been made whether the ROC has power and jurisdiction to de-activate the
