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BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 16.11.2022 ITAT allows Tax Neutral Disallowance The Income Tax Appellate Tribunal (ITAT), Mumbai allowed tax neutral disallowance thereby granting relief to M/s. Novartis India Limited. The issue is in relation to the adjustment of excess and short year-end provision. Source: …
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BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 14.11.2022 GST in the anvil on Crypto Currencies The Central Board of Indirect Taxes and Customs (CBIC) is working on defining legal framework for applying GST on crypto currencies and virtual digital assets. The Ministry of Finance, Govt of India, after …
BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 14.11.2022 CESTAT-CBEC cannot modify Scope of Exemptions The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that Central Board of Excise and Customs (CBEC) has no power to modify scope of exemption notification issued …
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BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 12.11.2022 Important GST Refunds matter Order on “Intermediary”- Punjab & Haryana High Court The Punjab and Haryana High Court has held that the Genpact India cannot be treated as an “intermediary” and therefore allowed a refund of Rs.26,34,61,625/- in favor of the …
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BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 28.10.2022 Acceptance of Electronic Certificate of Origin issued under the India-UAE CEPA The Central Board of Indirect Taxes and Customs (CBIC) has issued an instruction with regard to the India-United Arab Emirates Comprehensive Economic Partnership Agreement (India-UAE CEPA) stating, inter alia, that …
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