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22 Apr 2021
  • By Admin
  • Category Miscellaneous
  • Views 258
The Central Board of Indirect Taxes & Customs (CBIC) has waived off the custom duty on imports of Remdesivir and active pharmaceutical ingredients used in the manufacturing of COVID-19 drug until October 31, 2021 [vide Notification No. 27/2021 – Customs dated April 20, 2021].
 
{Citation : South Eastern Coalfields Limited vs Commissioner of Central Excise and Service Tax}
The Appellant had entered into various commercial agreements, whereby specific clauses were provided for the penalty for non-observance / breach of terms of the contract, to safeguard the Appellant's interests
Validation of Unique Document Identification Number (UDIN) by ICAI portal during Tax Audit Reports
Before the widespread COVID-19 pandemic, many employees planned vacation trips with the benefit of Leave Travel Allowance (LTA). But now, owing to the harmful effects of illness caused by the coronavirus, the employees who had leave travel concession as an component in their salary structure may not be able to avail the tax exemption shortly even in the near future.
24 Oct 2020
  • By Admin
  • Category Miscellaneous
  • Views 401
The Sultan of Oman named Sultan Haitham bin Tariq bin Taimur has issued a Royal Decree 121/2020 on 12th October 2020 concerning the introduction of Value Added Tax (VAT) in Oman.

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