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by shinewingindia

June 5, 2019

Credit of GST paid on inputs used for construction of shopping mall is allowed, where assessee is required to pay GST on rental income from such shopping mall : High Court of Orissa

Facts of the case: The petitioner car...

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by shinewingindia

April 13, 2019

Where High Court upheld Tribunal’s order allowing Assessee’s claim for expenditure incurred on allotment of shares under Employee Stock option Plan (ESOP), SLP filed by Revenue against order of High Court was to be granted.

Facts of the case: Assessee, a Priv...

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by shinewingindia

April 11, 2019

No TP adjustments on share purchase at high premium as it doesn’t amount to revenue receipt

Bombay High Court in the case of Princip...

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by shinewingindia

April 8, 2019

Composition Scheme for Service Providers (Notification 2/2019 – Central Tax Rate)

Government has come up with composition ...

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by shinewingindia

April 8, 2019

Collection of Utility Charges shall attract GST taxed as Composite Supply

Facts: Applicant is engaged in bus...

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by shinewingindia

April 4, 2019

Order of Utilization of ITC (Notification 16/2019 – Central Tax)

An important amendment to CGST Rules hav...

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by shinewingindia

April 4, 2019

HC upholds constitutional validity of Section 234E of the Income Tax Act, 1961 (“the Act”) imposing fee for delayed filing of TDS statements

Facts of the case: Assessee, an Adv...

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by shinewingindia

March 12, 2019

Additions under Section 68 cannot be deleted merely relying on Assessee’s evidence – SC

Facts of the case: Assessee had fil...

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by shinewingindia

March 8, 2019

Clarification on various promotional schemes under GST

Sr. No. Types of Discount Examples Wh...

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by shinewingindia

March 4, 2019

Special allowances to be included in “Basic wages” for deducting PF – Supreme Court

Supreme Court in the case of Regional Pr...

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by shinewingindia

February 14, 2019

SEBI released notification to increase the levels of Corporate Governance and transparency by notifying the format for Annual Secretarial Audit Report and Annual Secretarial Compliance Report for Listed Entities and their material Subsidiaries

The Securities and Exchange Board of Ind...

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by shinewingindia

February 14, 2019

Compliance to file a One time return of outstanding receipt of money or loan by a company but not considered as deposits

Notification No. 41 published on January...

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by shinewingindia

February 12, 2019

Royalty payment to Italian Co. pursuant to agreement effective from 01-04-2008 would be taxable at 10%

Facts of the case: The Assessee bei...

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by shinewingindia

February 8, 2019

Reassessment proceedings stands valid if Foreign Co. couldn’t explain revenue earned from its PE in India

Facts of the case: The Assessee was...

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by shinewingindia

February 7, 2019

Promotion and Marketing services to overseas client is an ‘Intermediary Services’

Facts of the Case: ...

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by shinewingindia

February 2, 2019

Compliance to file declaration of commencement of business in eForm INC-20A

Notification No. 907 published on Decemb...

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by shinewingindia

February 1, 2019

Interim Union Budget 2019 – Direct Tax Recommendations

Head Proposed recommendation Assessee ...

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by shinewingindia

January 30, 2019

Unutilized amount on prepaid cards to be construed as Advance by Tel-Co’s : Delhi HC

Facts of the case: Assessee was pro...

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by shinewingindia

January 29, 2019

Non-Compete Fees not taxable under GST

In a recent judgement given by Kerala Hi...

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by shinewingindia

January 23, 2019

Services Qualify as Exports even if consideration is not received in convertible foreign exchange

What if, a service provider in India, ou...

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by shinewingindia

January 17, 2019

New Framework notified by RBI on External Commercial Borrowings

Background As part of ongoing efforts...

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by shinewingindia

January 14, 2019

Treatment of ‘prepayment penalty’ incurred for foreclosure of existing loan and availing new loan/borrowings

Facts of the Case: The company avails...

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by shinewingindia

January 14, 2019

Exception from online filing of application for lower or no withholding of tax in case of NRIs and Resident applicants

Background Section 197 and 206C(9) of...

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by shinewingindia

January 14, 2019

Withdrawal of Circular No. 10/2018 dated 31.12.2018 on applicability of section 56(2)(viia) of the Income-tax Act, 1961

Background Section 56(2)(viia) of the...

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by shinewingindia

January 14, 2019

Important changes through Notifications issued on December 31, 2018

1.Compulsive Reverse Charge Mechanism (R...

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by shinewingindia

January 14, 2019

Exemption of dividend cannot be denied merely because payer Co. didn’t pay tax on distribution of dividends

Facts of the case: The Assessee was...

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by shinewingindia

January 11, 2019

Capital gain on sale of assets contributed by partners as capital contribution would be taxable in the hands of the firm only

Facts of the case: Assessee was a p...

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by shinewingindia

December 24, 2018

Bill to Ship to mode of supply may involve more than three parties

Facts of the case: A (Applicand, he mad...

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by shinewingindia

December 24, 2018

Time limit preseribed for filing Country by Country Report (CbCR) by Constituent Entity

In order to standardize the documentaion...

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by shinewingindia

December 22, 2018

Recommendations made during 31st GST Council Meeting

Extension of Due Dates Form Due ...

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by shinewingindia

December 14, 2018

Addition of income cannot be made by AO merely on the grounds of taking tax credit by the Assessee

Facts The Assessee was following cash s...

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by shinewingindia

December 8, 2018

Support services provided by Back Offices in India to MNCs Abroad does not

Clarified by The Authority for Advance R...

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by shinewingindia

July 7, 2018

What is the nature of High seas sale under GST? Clarified by Authority for Advance Ruling

As per the recent AAR Ruling, following ...

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