Day: July 13, 2024

Claiming depreciation on revalued cost of assets after conversion of partnership firm into company Supreme Court dismissed Special Leave Petition of Income Tax Department   In a recent order, the Hon’ble Supreme Court has dismissed the Special Leave Petition (SLP) of the Income Tax Department  challenging claim of …

Exemption from GST on various services provided by Railways & Accommodation Services MINISTRY OF FINANCE (Department of Revenue) Notification No. 04/2024 – Central Tax (Rate) New Delhi Dated: 12th July, 2024 G.S.R. 388(E).—In exercise of the powers conferred by sub-section (3) and sub-section (4) of section 9, sub­section …

Supply of agricultural farm produce in package(s) of more than 25 KG/litre shall not be considered supply of ‘pre-packaged and labelled’ goods   GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Revenue)   Notification No. 03/2024-Central Tax (Rate)   New Delhi, the 12th July, 2024   G.S.R. …..(E).-In exercise of …