Tag: Tax

An Introduction to Double taxation Avoidance Agreement.

3rd November, 2022 - 10:29 am Categories: TAX

Introduction With the exponential growth of trade and commerce in the globalised era, the spectrum of taxes associated with it has also expanded with it. However, the question remains, which country will be the recipient of taxes paid by the corporation- the origin country or the source country? As a solution to this, the treaty … Continue reading An Introduction to Double taxation Avoidance Agreement.

Read more »

Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof

6th April, 2022 - 2:37 am Categories: Legal Issues

Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof: The Indian Stamp Act of 1899 (2 of 1899) acts as fiscal legislation. It is an in-force Act of the Government of India for the charging of stamp duty on instruments recording transactions. The sole purpose of this Act is to generate revenues … Continue reading Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof

Read more »

Concept of Tax: An Overview

9th August, 2021 - 12:41 pm Categories: TAX

The Directive Principles of State Policy, enshrined in Part IV of the Indian Constitution articulates that India is a welfare state. A welfare state is a form of government in which the state protects and promotes the economic and social well-being of the citizens, based upon the principles of equal opportunity, equitable distribution of wealth, … Continue reading Concept of Tax: An Overview

Read more »

Practical Analysis of Decisions Taken In 43rd GST Council Meeting

31st May, 2021 - 4:53 pm Categories: TAX

After a long hiatus of nearly 8 months, the GST Council meeting was convened on 28th May 2021. On the agenda were important expected items such as waiver of tax on various medicines, medical equipment, and health services. Several states had proposed a complete tax waiver on COVID vaccines, oxygen cylinders, oxygen concentrators, oximeters, etc. … Continue reading Practical Analysis of Decisions Taken In 43rd GST Council Meeting

Read more »

Clubbing Of Tax Evasion under GST: An Innovative Way to Trigger Arrest Provisions

13th February, 2021 - 4:49 am Categories: TAX

The Bombay High Court vide its judgment dated 08.02.2021, has raised a new question instead of delivering an answer to the correct and firm interpretation of the legislation. In the case of Yogesh Jagdish Kanodia v. The State of Maharashtra & Anr., the primary issue before the Hon’ble High Court was to deal with the … Continue reading Clubbing Of Tax Evasion under GST: An Innovative Way to Trigger Arrest Provisions

Read more »

Advance Rulings – Much Ado About Nothing?

15th October, 2020 - 4:26 am Categories: TAX

Background After the introduction of GST, it has become very common for the media to cover the recent updates in GST Law& decisions of the GST Council. In addition to these, the media also widely discusses the recent rulings pronounced by the various State Authorities of Advance Rulings. Not only have these rulings become a hot … Continue reading Advance Rulings – Much Ado About Nothing?

Read more »

Geo – Tagging of Companies (Registered on or before 31/12/2017) Mandatory before 25th April – MCA

25th February, 2019 - 11:58 am Categories: India

The Central Government has been vested power under Section 12 (9) and Section 469 (1 and 2) to make rules for carrying out in the provisions by a notification for any matter whatsoever under the Companies Act 2013 ( hereinafter referred to as “ the Act”. The Ministry of Corporate Affairs regulates Corporate Affairs in … Continue reading Geo – Tagging of Companies (Registered on or before 31/12/2017) Mandatory before 25th April – MCA

Read more »

Linking of Aadhaar Card to PAN Mandatory for the Assesment Year 2019-2020. – Supreme Court of India

14th February, 2019 - 7:51 am Categories: India

Aadhaar as everyone know is a 12-digit unique identity number that can be obtained by residents of India, based on their biometric and demographic data. Indian government has formed Unique Identification Authority of India (UIDAI), a statutory authority for collection of Data. Aadhaar is the world’s largest biometric ID system. World Bank Chief Economist Paul Romer described Aadhaar as “the … Continue reading Linking of Aadhaar Card to PAN Mandatory for the Assesment Year 2019-2020. – Supreme Court of India

Read more »

The Great Indian Budget Summarised (Modi – Led BJP Government’s Interim Budget 2019)

6th February, 2019 - 1:22 pm Categories: TAX

On the eve of the upcoming elections, India’s Finance Minister Piyush Goyal, under the Modi led BJP Government announced the interim budget which would be in force till the Election on 1st February, 2019 . In his 2 hour long speech he dealt with a variety of sectors ranging from Agriculture to Tax & Defence … Continue reading The Great Indian Budget Summarised (Modi – Led BJP Government’s Interim Budget 2019)

Read more »

Impact of GST on Digital Entertainment Storefronts

5th October, 2018 - 6:52 am Categories: TAX

There are on-demand Digital Entertainment Storefronts (DES) like Hungama, Saavn etc. which are engaged in providing music on demand services and are becoming increasingly popular among internet users in India who wants to listen songs on the go. Some of them are free, however some charge subscription from the listeners. Now, there arises a question … Continue reading Impact of GST on Digital Entertainment Storefronts

Read more »

Categories

Archives