Taxability of Transfer of Development Rights – The Conundrum Continues Taxability of Transfer of Development Rights (‘TDR’) was a highly debated issue in the erstwhile regime. While the tax authorities claimed service tax on TDR, the taxpayers contested the same basis...
Tax on Clubs and Societies | Supreme Court has Good News ! Larger Bench of Supreme Court in a recent landmark ruling of State of West Bengal & Ors. v. Calcutta Club Ltd. has held that club cannot be treated as separate in law from their members and no sale can...
Refund Claim under Customs Law – An ‘Un’appealing Conundrum? In the case of ITC Ltd v. Commissioner of Central Excise, Kolkata, the Apex Court has upheld the supremacy of order of self-assessment under the Customs law. Apex Court held that a refund...
Royalty and license fees for customs valuation | To include or not to include Despite customs law being regulated at an international level, India continues to be involved in litigations on several. One such basic question is the inclusion of royalty or license fees...
ITC reversal on goods written off or destroyed | A new pandora box under GST !” Input tax credit under Indirect Tax Laws has always been one of the subject matters which invites close attention by taxpayers, revenue, and professionals. The Central Goods and Services...
Service Tax /GST on dealer Credits – An incredible attempt to Tax! Poonam Harjani, Partner, NITYA Tax Associates This article co-author by Mr. Ashutosh Mishra (Associate)”The Oldest, shortest words — yes’ and ‘no’ are those which require...
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