Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
The CCST issued a comprehensive circular clarifying multiple GST-related matters based on the 55th GST Council meeting recommendations. Key clarifications include: (1) pepper of genus Piper attracts 5% GST, with agriculturists supplying dried pepper exempt from registration; (2) agriculturists supplying raisins are GST-exempt; (3) ready-to-eat popcorn has differentiated GST rates (5-18%) based on ingredients and packaging; (4) autoclaved aerated concrete blocks with over 50% fly ash content attract 12% GST; and (5) amendments to motor vehicle compensation cess apply from 26.07.2023. The circular aims to provide uniformity and clarity in GST implementation across jurisdictions.
The CCST issued a comprehensive circular clarifying multiple GST-related matters based on the 55th GST Council meeting recommendations. Key clarifications include: (1) pepper of genus Piper attracts 5% GST, with agriculturists supplying dried pepper exempt from registration; (2) agriculturists supplying raisins are GST-exempt; (3) ready-to-eat popcorn has differentiated GST rates (5-18%) based on ingredients and packaging; (4) autoclaved aerated concrete blocks with over 50% fly ash content attract 12% GST; and (5) amendments to motor vehicle compensation cess apply from 26.07.2023. The circular aims to provide uniformity and clarity in GST implementation across jurisdictions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
