No Service Tax On Foc Material Supplied By Service Recipient For Construction: Rules Supreme Court

In a ruling in favor of the construction industry, a two-judge bench of the Supreme Court, held that service tax cannot be levied on the value of goods/material supplied free of cost by a service recipient during construction. Continue reading

Posted in GST |

Substantial Amendments to Companies Act by Companies (Amendment) Act, 2017

Certain major changes have been brought in by the Companies Act through the Companies (Amendment) Act, 2017. These amendments will be effective from the dates notified for the same. Certain Rules have also been amended, effective from 26th Jan 2018. Continue reading

Posted in Regulatory |

25th GST Council Meeting – GST Rate Changes & Summary

The 25th GST Council Meeting was held at New Delhi on the 18th of January 2018. In addition to relaxation of GST rules and regulations, GST rates have also be reduced for various goods and services
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Posted in GST |

Steps to generate E- Way Bill on E- Way Bill Portal

Prerequisite for generating an e-way bill:

a) Registration on the EWB portal.

b) The Invoice/ Bill/ Challan related to the consignment of goods must be in hand.

c) If transport is by road – Transporter ID or the Vehicle number. Continue reading

Posted in GST |

ITAT Relief on Domestic Transfer Pricing

This appeal is preferred by the assessee against the order of AO passed consequent to the direction of the DRP, inter alia, on following grounds :

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Posted in Transfer pricing |