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The AAR, West Bengal in the case of M/s Sona Ship Management Pvt. Ltd. [07/WBAAR/2023-24 dated May 30, 2023] ruled that, the services of loading and unloading of imported unprocessed pulses is not exempt under serial no.54(e) of the Notification…
India’s upcoming Union Budget should hopefully incentivize taxpayers to move towards an exemption-less direct tax system, which would increase revenue, broaden the tax base and reduce compliance cost and litigation, according to the chairman of the Economic Advisory Council to…
The Hon’ble Supreme Court in AMD Industries Limited v. Commissioner of Trade Tax, Lucknow and Anr. [Civil Appeal No. 108 of 2023 dated January 9, 2023] upheld the order passed by the Hon’ble Allahabad High Court holding that due to…
Ahead of the Union Budget for 2023-24, some NGOs have put forward some suggestions for the betterment of the country’s rising elderly population — increase in old age pension, more relief in income tax and GST exemption on services and…
Indian commodity exporters struggling with freight rates which are yet to get back to the pre-Covid levels and a slowdown in demand from the United States and Europe fear that their margins will be further squeezed by the withdrawal of…
The government’s move to withdraw the GST exemption on export freight at the start of the month has made exporters nervous as they expect liquidity to shrink at a time when they are dealing with weak demand in advanced countries,…