Taxation

Besides the raging COVID, dead bodies (without certificate of origin) floating down the great river brought to the earth by the legendary Ikshavaku King, and questions about the competency of the government to address the unprecedented health crisis facing the nation, the debate on how goods...
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  • In a big relief to individuals operating as partners in partnership firms, the Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that any remuneration received by them, as per the obligation of the partnership deed, would be treated as share of profit...
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  • Amid calls for full exemption of goods and services tax (GST) on vaccines, Finance Minister Nirmala Sitharaman on Sunday said that a complete waiver may lead to a rise in their prices, impacting the common man.   Responding to West Bengal Chief Minister Mamata Banerjee's letter to the...
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    Non-resident Indians (NRIs) undertaking transactions with Indian parties will trigger taxability under the domestic law in India even if they do not have physical presence in the country and operate digitised businesses.   The central board of direct taxes (CBDT) has notified new...
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  • In an attempt to speed up clearances of goods received free of cost for distribution for Covid relief, Finance Minister Nirmala Sitharaman on Monday undertook a quick follow up action by briefing the chief secretaries of the states on the order on IGST exemption.   The Centre on...
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