Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
DGFT makes amendments in Para 2.31 of the Foreign Trade Policy, 2023 and ITC HS 2022 Schedule 1 Import Policy. It amends import policies for electronics and IT goods, emphasizing compulsory registration requirements and labelling standards. It also introduces provisions for testing and clearance of LED products. These amendments align with the re-notification of the Electronics and Information Technology Goods (Requirement of Compulsory Registration) Order, 2021 under the BIS Act 2016. The notification is approved by the Minister of Commerce & Industry.
DGFT makes amendments in Para 2.31 of the Foreign Trade Policy, 2023 and ITC HS 2022 Schedule 1 Import Policy. It amends import policies for electronics and IT goods, emphasizing compulsory registration requirements and labelling standards. It also introduces provisions for testing and clearance of LED products. These amendments align with the re-notification of the Electronics and Information Technology Goods (Requirement of Compulsory Registration) Order, 2021 under the BIS Act 2016. The notification is approved by the Minister of Commerce & Industry.
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