CBIC notifies Extension of Exemption of Deposits into Electronic Credit Ledger (ECL) till 30th November 2023 [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) vide notification no. No. 69/2023-Customs (N.T.) S.O. 4253(E)  issued on 27th September 2023 has notified the extension of exemption of deposits into Electronic Credit Ledger (ECL)
ITAT grants another Opportunity to provide Evidence in relation to Registration of Trust u/s 12AB of Income Tax Act [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) grants another opportunity to the assessee in order to provide evidence in relation to the registration of trust under Section 12AB of the Income Tax
TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the tax deducted at source under Section 194C(2) of the Income Tax Act, 1961 shall not be applicable when there is no contractual
CBIC extends Exemption from Deposits for Specified goods u/s 51A(4) of Customs Act till 1st Dec 2023 [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) vide notification no. No. 70/2023-Customs (N.T.) S.O. 4254(E) has extended the exemption from deposits for specified goods under Section 51A(4) of the Customs Act till 1st
Central Govt Exempts 5% GST on Ocean Freight Imports w.e.f. October 1st [Read Notification]
The Central Government has introduced a significant change in the tax regulations by exempting 5% integrated Goods and Services Tax (GST) on RCM basis on Ocean freight starting from October 1. Thus, there is no
Legal Framework for Taxation of Foreign Direct Investment
When a business, organization, or individual from one country invests in the assets or stock of a business or organization based in another country, this is referred to as Foreign Direct Investment(FDI). Globalization has improved
CA Vacancy in Zepto
The Zepto invited applications for the post of Manager - Business Finance. Qualification CA(First Attempt throughout Single Digit Rank)MBA from Tier-1 B-School (IIM-A/B/C/L/K/I) with 2-4 Years Work Experience.Should have worked with Large MNCs (preferably FMCGs)
Finance Manager Vacancy in ABB
The ABB invited applications for the post of Finance Manager. Qualifications Bachelor’s degree in finance, CA, CWA or CPAMinimum 3 – 5 years of experience in similar roleHands on experience of working in SAP Modules
Reversal of Proportionate credit before SCN: CESTAT quashes Excise Duty Demand on ‘Tapioca Thippy’ [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed excise duty demand on 'Tapioca Thippy' on the ground of reversal of proportionate credit before the issuance of show cause notice
Excise & Taxation Department cannot raise a priority claim or first charge over and above Petitioner-Bank: Himachal Pradesh HC [Read Order]
A Division Bench of the Himachal Pradesh High Court, while quashing the denial of the registration of Sale Certificate in revenue records, held that Excise & Taxation Department cannot raise a priority claim over and
CA Vacancy in HP
The AHP invited applications for the post of Finance Analyst. Qualifications "Advanced degree or accounting qualification (CA, CPA) preferred."Typically, 4+ years of experience as a financial analyst.Typically experienced in more than one finance function. Responsibilities
CA Vacancy in ABB
The ABB invited applications for the post of Finance Specialist. Qualifications Bachelor’s degree in commerce, CA or CWAMinimum 2 to 3 years of experience in similar roleExperience in SAP and Power BIStrong experience in reporting,
Consignment of Prohibited Black Pepper can be Released Provisionally u/s 110-A of Customs Act pending Adjudication: Madras HC [Read Order]
The Madras High Court directed to release of the consignment of prohibited Black pepper having an MMI of 500/per kg after testing the samples and paying the customs duty and noted that the consignment of
Grant of Pardon in Scheduled Offence has no Effect on Proceedings Under PMLA: Allahabad HC Upholds Proceedings [Read Order]
In a significant case, the Allahabad High Court held that the grant of pardon in a scheduled offence has no effect on proceedings under the Prevention of Money Laundering Act,2002 and upheld the proceeding. Sri
Vivad-Se-Vishwas-1 Scheme Grants Rs. 256 Crore Relief to Over 10,000 MSMEs: Finance Ministry
In a significant development benefiting Micro, Small, and Medium Enterprises (MSMEs), several Ministries/Departments of the Government of India have approved over 10,000 claims from MSMEs under the Vivad se Vishwas - I scheme, which is