Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
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...
The Directorate General of Foreign Trade, u/s 1.03 and 2.04 of the Foreign Trade Policy (FTP), 2023, has amended Appendix-2Y to exempt certain Ministries/Departments' notifications on mandatory Quality Control Orders (QCOs) for import of inputs by Advance Authorisation holders, EOU, and SEZ. The updated list includes Ministry of Steel, DPIIT, Ministry of Textiles, and now Ministry of Mines. This amendment, effective immediately u/r Notification No. 71/2023, facilitates import of goods for manufacturing export products. Signed by the Director General of Foreign Trade.
The Directorate General of Foreign Trade, u/s 1.03 and 2.04 of the Foreign Trade Policy (FTP), 2023, has amended Appendix-2Y to exempt certain Ministries/Departments' notifications on mandatory Quality Control Orders (QCOs) for import of inputs by Advance Authorisation holders, EOU, and SEZ. The updated list includes Ministry of Steel, DPIIT, Ministry of Textiles, and now Ministry of Mines. This amendment, effective immediately u/r Notification No. 71/2023, facilitates import of goods for manufacturing export products. Signed by the Director General of Foreign Trade.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
