Fiscal statutes are a bit different from the general laws in the sense that it has to be read plainly and there is no scope for "read between the lines".
The administration of tax is run through a mechanism there by maintaining a fine balance between the revenue collection and cash follow available to the business.
ax runs the society and the legislature always outreach to make the levy and collections of the tax in a broader base i.e. include as many persons as possible in the taxable net
In this paper we will try to examine the concept of supply, when it is considered supply and when the transaction is not considered as supply, time of supply and it�s valuation for the purpose of levy and collection of GST.
Availing the tax credit runs on the basic fundamental according to which any goods or services should not be taxed repeatedly. It means that all the taxes earli..
Retracted statement cannot be used against the maker of the statement unless the charges are corroborated from independent sources.
The cash is a vehicle to run the business and an unwarranted seizure only put breaks on the movement of the business. Not only this has the seizure of cash also..
The cash is a vehicle to run the business and an unwarranted seizure only put breaks on the movement of the business
The inclusion or exclusion of value of free supply particularly in the case of Industrial and commercial construction has been a bone of conte
Law has always been a dynamic subject and so is the interpretation of law. Section 35F of the Central Excise Acts provides deposit of “certain percentage of duty demanded or penalty imposed before filing of the appeal”. Earlier in this se
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India