Transferable Development Rights (TDR) is a transformative concept in urban planning and real estate development, acting as a strategic mechanism to manage land use, encourage growth in urban areas, and preserve valuable land resources. As cities continue to face growing urbanization and a scarcity of available space, TDR plays a critical role in optimizing the […]
Facts of the Case Insitel Services Pvt. Ltd. Versus Union of India The petition has been listed before this Bench by the Registry in view of the urgency expressed therein. The same has been heard by way of video conferencing. Present writ petition has been filed challenging the Second Deficiency Memo dated 23rd July, 2020 […]
The GST Council in its 51st meeting on August 2 had recommended amendments to the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming. The amendments to the Central GST (CGST) and Integrated GST (IGST) acts, which were approved by the GST […]
Transfer or succession of business is a normal business phenomenon which has been taken care by the various taxation laws also. Transfer or succession of business may take place in various cases such as merger, demerger, amalgamation or death of proprietor etc. In this article, we have discussed the provisions of GST in case of death […]
When a business is transferred to another person for any reason—including the death of the proprietor—the transferee or successor, as the case may be, shall be required to be registered with effect from the date of such transfer or succession. The applicant must specify “death of single owner” as the cause for obtaining registration when submitting […]
Goods and Services Tax (GST) has revolutionized the way tax is collected in India. One of the key features of GST is its self-assessment system. This means that taxpayers are required to self-assess their tax liability and file their returns accordingly. However, the government has the power to verify the correctness of the returns filed […]
The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that the services rendered by Indian commission agents to foreign principals will qualify as “export of service. The bench of Justice Dilip Gupta (President), P.A. Augustian (Judicial Member), and C.J. Mathew (Technical Member) has observed that export of services would […]
