Goods Sold during Liquidation is a Supply by Liquidator; Separate registration of Liquidator is r...

GST & Other Indirect Taxes | By Editor | Jul 1, 2020

WB AAR held that sale of Company’s asset during Liquidation is a supply of goods by a Liquidator, who is required to obtain registration ...

Corporate guarantee fee paid to Netherlands based AE not liable to tax in India as ‘interest’ or ...

INTERNATIONAL – TAXATION – I : Where assessee company paid corporate guarantee fee paid to its AE located in Netherlands, in ...

No unfair business by Swiggy as it has no role in pricing of products offered by partner- restaur...

COMPETITION LAW : Opposite Party providing service of app-based food ordering and delivery platform having no role to play in pricing of ...

Govt allows exemption on conveyance allowance under new income tax regime

The government has allowed individuals under the new lower tax regime to claim I-T exemption on conveyance allowance received from employ...

Contract

What is a force majeure clause?

Corporate Law & Intellectual Property Rights | By Soumik Kumar Sen | Jun 26, 2020

Force Majeure means ‘causes you cannot prevent and for which you are not responsible’. It is a contractual remedy which exempts either on...

Income Tax Return for FY 19-20 can now be filed till November 30

In a major compliance relief for taxpayers impacted by the disruptions due to COVID-19, the Central Board of Direct Taxes (CBDT) has furt...

Interest on PPF, savings bank deposit to be included for calculating GST registration threshold

GST & Other Indirect Taxes | By Editor | Jun 22, 2020

The value of exempted income, like interest on PPF, savings bank account and loans given to family/friends, will be included along with t...

Developed land sold as plots will attract GST

GST & Other Indirect Taxes | By Editor | Jun 22, 2020

GST will be levied on sale of land for which primary amenities – such as drainage, waterline and electricity – have been provided by real...

No input tax credit on GST paid for hiring of vehicles for employee transportation

GST & Other Indirect Taxes | By Editor | Jun 22, 2020

  Companies will not be able to claim input tax credit (ITC) for GST paid on hiring commercial vehicles for transportation of employ...

The Small Business Administration is accepting Economic Injury Disaster Loan and EIDL advance gra...

US Setting Up and Compliance | By Editor | Jun 17, 2020

The Small Business Administration is accepting Economic Injury Disaster Loan and EIDL advance grant applications for all eligible small b...

SSI units appeal for reconsideration of GST/TDS rule

News & FAQs | By Editor | Jun 15, 2020

SSI units that have been supplying goods to government organisations say that the “GST/TDS rule is suicidal in the GST era, a harassment ...

No late fee for GSTR-3B filing for those with nil liabilities and more: Highlights of GST Council...

COVID-19 Resources | By Editor | Jun 12, 2020

The 40th GST Council Meeting, chaired by Finance Minister Nirmala Sitharaman, was held on June 12. The Centre has announced a rate cut fo...

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