The Direct Tax Vivad Se Vishwas Act 2020.
Tax is the main source of revenue of a country. India has various tax laws enumerating different types of tax […]
Category: Taxation Laws
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The Central Goods and Services Tax Act, 2017
In order to complete the purpose of tax levied on intra supply of goods and services between states and between union territories and State under the entire legislative power of Central Government, The Central Goods and services Act 2017 was enacted in 12th April 2017. The CGST Act is vast and comprehensive with 21 chapters, 174 sections and 3 schedules.
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The Goods and Services Tax (Compensation to States) Act, 2017
This Act is an important enactment on tax laws prevailing in the country as it requires stipulate and meticulous calculations on the tax levied on each financial period that proves to be both beneficial to states and also every taxable individual along with the assurance of growth of financial growth and economic stability of the country.
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The Integrated Goods and Services Tax Act, 2017
Through the enactment of Integrated Goods and Services Act 2017 the Central Government is empowered with the power to levy tax on interstate supply of goods and services or on any other matter connected to such supplies between States.
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The Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961
The Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 (Act no. 46 of 1961) which was enacted by the Indian […]
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Visvesvaraya Tech.University Vs Assistant Commissioner of Income Tax, on 22nd April, 2016, Supreme Court of India: Case Brief – Read Judgement
To avail the benefit of exemption under section 10(23c) of the Income- Tax Act, Court held that the University must […]
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The Central Sales Tax (Amendment) Act, 1969
The Central Sales Tax (Amendment) Act, 1969 (Act no. 28 of 1969) was enacted as an Act of Central Government, […]
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The Central Boards of Revenue Act, 1963
The present legislation being one of Central Government was enacted by the Indian Parliament with the name and title as […]
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The Central Excise Tariff Act, 1985
The Central Government’s enactment provided with the name and title as the Central Excise Tariff Act, 1985 (Act 5 of […]
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M/S Ravi Prakash Refineries (P) Ltd. Vs State of Karnataka, on 3rd May 2016, Supreme Court of India: Case Brief – Read Judgement
Oil Cake and De-Oiled Cake are held different products; but benefit of reduction in the rate of tax is given […]
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C.C.E., Raigad Vs. M/S. Ispat Metallics Industries Ltd.& Ors, on 6th May 2016, Supreme Court of India: Case Brief–Read Judgement
Transfer of raw material to the sister unit by assessee cannot be held as ‘sale of goods’, Apex Court says […]
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M/S Manuelsons Hotels Private Limited Vs. State of Kerala & Ors, on 11th May, 2016; Supreme Court of India: Case Brief – Read Judgement
Government once promised to exempt the Building Tax against Hotels; then cannot go beyond its words: Apex court Civil Appeal […]