News Update

US creates 2.27 lakh jobs in Nov monthCenter okays two Start-Ups in field of Technical TextilesUber launches Robotaxi service in Abu DhabiGST - ITC Refund - Circular No. 181/22 insofar as it clarifies that the amendment by 14/2022-CT is not clarificatory in nature is quashed and set aside: HCBangladesh decides to delete Sheikh Mujibur Rahman from its currency notesHigh-tech rail-cum-road inspection vehicle to ensure safe rail travel: MinisterGST - Tax on ocean freight - Gujarat Electricity Regulatory Commission shall consider amount of refund as a part of revenue for determination of tariff of petitioner-Company - Transfer to Consumer Welfare fund incorrect: HCGST - SCN placed in 'Additional Notices and Orders' tab - Portal architecture was modified only in January 2024 - Stand taken in the writ petition of lack of notice appears to have substance: HCRS Chairman orders probe into wad of cash found from seat of Abhishek Manu SinghviGST - Fact that limitation for passing assessment order was expiring cannot be a reason for not affording an opportunity of hearing to the party: HCRepo are remains taboo for RBI - No change in mid-term review + lowers GDP projectionGST - Refund - Interest u/s 56 - State disowns liability - Petitioner cannot be deprived of the amount of interest on account of the inter se dispute between the State and Central authorities: HCSynagogue set on fire by masked arsonists in AustraliaI-T - Action of AO which is contrary to mandate of statutory provisions of Sec 144B or in breach of principles of natural justice, would be rendered illegal & invalid: HCJaishankar cautions against excessive dependence on China by Indian businessesUBS Study: Billionaires’ wealth skyrockets by 121% to USD 14 trillion in last decadeI-T - Assessee can exercise either Net Asset Value method or discounted cash flow method, for computation of fair market value for applicability of section 56(2)(viib): HCFarmers to march towards Delhi today; Security tightened at Shambhu BorderMamata Govt passes motion in House, demanding direct flight to Europe & US from KolkataOver 7 Crore net subscribers joined EPFO in last 7 Years: GovtIndia's N-Plants maintain radiation far below Global Benchmarks: MoS

MESSAGE BOARD

   

Clearing the Air: Airtel's SC Decision provides clarity on test of Agency


tds in case of franchisee

rightly pointed out sir that the decision has far reaching implications so far as the analogy relating to principle and agent or service provider or receiver relationship is to be seen. even in case of transaction relating to TDS issues for 194R where also no incentive or benefits are being provided by the manufacturer to its distributors or dealers so as to attract tds , as they are not doing the sales for the manufacturer rather for themselves only

Navin Khandelwal 23/04/2024

 

Back

TIOL Tube Latest

Conferment of TIOL Awards 2024. The event was held on October 1, 2024 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy