July 2018

Economy Indian Economy

THE “COMPOSITE SUPPLY” CONUNDRUM IN THE GST ACTS [CGST Act,2017]

on
July 24, 2018

1. In the erstwhile Service Tax Regime, Section 65B(54) of the Finance Act,1994 defined “Works Contracts “as meaning a contract wherein transfer of property in goods involved in the…

Indian Economy

SHOULD THE INTERPRETATION OF THE PROCEDURAL ASPECTS OF THE GST LAW BE SO DRACONIAN?

on
July 20, 2018

IS THE MUCH TRUMPETED ” EASE OF DOING BUSINESS TURNING INTO A NIGHTMARE FOR THE TAX PAYER?

1. The honourable Madhya Pradesh High Court UPHOLDS the imposition of penalty equal…

India

MILK PRODUCTION IN INDIA – AGAIN A PARADOX OF POVERTY AMIDST PLENTITUDE!

on
July 18, 2018

1. India today is the world’s largest milk producer , with 165.4 million tons of milk per year,and a per capita milk availability of 322 gms per day!

2. India…