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 […]
Tax is the main source of revenue of a country. India has various tax laws enumerating different types of tax […]
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.
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.
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.
The Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 (Act no. 46 of 1961) which was enacted by the Indian […]
To avail the benefit of exemption under section 10(23c) of the Income- Tax Act, Court held that the University must […]
The Central Sales Tax (Amendment) Act, 1969 (Act no. 28 of 1969) was enacted as an Act of Central Government, […]
The present legislation being one of Central Government was enacted by the Indian Parliament with the name and title as […]
The Central Government’s enactment provided with the name and title as the Central Excise Tariff Act, 1985 (Act 5 of […]
Oil Cake and De-Oiled Cake are held different products; but benefit of reduction in the rate of tax is given […]
Transfer of raw material to the sister unit by assessee cannot be held as ‘sale of goods’, Apex Court says […]
Government once promised to exempt the Building Tax against Hotels; then cannot go beyond its words: Apex court Civil Appeal […]