Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
Scientific research association approval requires continuing SIRO status, annual donation reporting, and donor certificates for the approved foundatio...
Scientific research institution approval is conditional on SIRO recognition, annual donation reporting, donor certification, and prescribed compliance...
GST, a success of vast proportions, decreased tax incidence on common man, reduced compliance burden and logistics cost for trade and industry. Amendments facilitated trade: Extra Neutral Alcohol for liquor manufacture kept out of central tax purview, Section 11A empowered government to regularize non-levy/short levy due to prevalent practices. Input tax credit time limit relaxed, common time limit for issuance of demand notices/orders provided. Time limit to avail reduced penalty by paying demanded tax/interest increased from 30 to 60 days. Pre-deposit for appeals reduced. Time limit for filing appeals before Appellate Tribunal modified. Government empowered to notify GST Appellate Tribunal for anti-profiteering cases. Tax structure simplified, rationalized, expanded to remaining sectors to multiply GST benefits.
GST, a success of vast proportions, decreased tax incidence on common man, reduced compliance burden and logistics cost for trade and industry. Amendments facilitated trade: Extra Neutral Alcohol for liquor manufacture kept out of central tax purview, Section 11A empowered government to regularize non-levy/short levy due to prevalent practices. Input tax credit time limit relaxed, common time limit for issuance of demand notices/orders provided. Time limit to avail reduced penalty by paying demanded tax/interest increased from 30 to 60 days. Pre-deposit for appeals reduced. Time limit for filing appeals before Appellate Tribunal modified. Government empowered to notify GST Appellate Tribunal for anti-profiteering cases. Tax structure simplified, rationalized, expanded to remaining sectors to multiply GST benefits.
Note: It is a system-generated summary and is for quick reference only.
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