TIOL - Tax News, GST, Income Tax, Service Tax, Customs, Central Excise, International Taxation, Fiscal Policy, Monetary Policy, Economy, Revenue, Judicial Decisions, Tax Rulings & Tax Videos

News Update

Bengal reports 52% turnout & 40% by Odisha by 1 PM SC notice to ED on arrest of Soren Evidences Required for Sustaining Penalties Imposed MDH & Everest products placed under scrutiny for quality-check I-T - Re-assessment - detailed inquiry into assessee's income cannot be made at time of finalisation of re-assessment order: HC Teen house help serves sleeping pills to old woman house owner before stealing jewellery and cash in Lucknow Optimise GST Administration Through Call Book System China takes first step to float Rmb one trillion bond sale to perk up economy I-T- A case already subjected to re-assessment cannot be re-opened where no new material relating to escapement of income is unearthed: HC 8 killed in Mexico weekend shooting India-ASEAN trade: 8 sub-committees constituted Putin goes for Cabinet reshuffle; picks new face for Defence portfolio I-T- Order mandating predeposit of 20% of tax demanded be quashed, where passed without examining whether assessee made out prima facie case for waiver of pre-deposit: HC Israel withholds tax revenue due to Palestinians Virus of bomb scare for schools spreads to Jaipur; Children transported back home Mines Secretary inaugurates Registered Office of Khanij Bidesh India Limited Amnesty International accuses China of harassing own students studying abroad for political activism IMD says rainfalls to stay in many parts of India till May 16 China launches new satellite into space today Technology is driving sea change in Military Affairs: Chief of Defence Staff NY Consulate of India to remain open 365 days for ‘genuine emergencies’Massive rally in Georgia against Kremlin-style ‘Foreign Agent’ Bill

MESSAGE BOARD

Whether suppliers of exempt supplies are required to pay tax under reverse charge

A view

The levy u/s 9(1) is on the taxable person and taxable person includes a registered person or person liable to be registered. Further, in case of section 9(3), it is said that all the provisions of act shall apply to such recipient as if he is the person liable for paying tax. Accordingly, if we see the other relevant provisions of the Act which is section 22 or 23 under which only, that person would have to first get himself registered to discharge his liabilities as a perosn liable to pay tax; and since now section 23 is overriding section 24, IMHO, exempted persons may not require to pay tax under RCM.

ruchir baheti 16/02/2023

Back

TIOL Tube

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

May 13, 2024 | New Delhi

India-ASEAN trade: 8 sub-committees constituted

May 13, 2024 | New Delhi

Mines Secretary inaugurates Registered Office of Khanij Bidesh India Limited

May 13, 2024 | New Delhi

Technology is driving sea change in Military Affairs: Chief of Defence Staff

May 11, 2024 | New Delhi

NHAI debars Toll Operating Agency for misbehaving with Highway Users

May 13, 2024

Evidences Required for Sustaining Penalties Imposed

May 06, 2024

Requisite Checks for Appeals - Respondent

VISION 360 - April 2024

VISION 360 -
'A Treasury of Key Tax &
Regulatory Developments!'

April 2024 Edition

Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

May 13, 2024

DTAA - Ssalary and other similar remuneration derived by resident of contracting state in respect of employment exercised in other contracting state is liable to be taxed in that other state: ITAT

May 13, 2024

TP- Penalty u/s 271(1)(c) is sustainable, on charge of furnishing inaccurate particulars of income, where extent of assessee's investment in equity or quasi equity is not entirely known : ITAT

May 13, 2024

Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 - Order for forfeiture of properties is rightly made as property is occupied through lllegal earning : Tribunal

May 13, 2024

PMLA - When questions relating to legality of arrest is under consideration, more holistic and libertarian view is to release Chief Minister of Delhi on interim bail for Lok Sabha General Elections : SC

Income Tax	Customs	Excise	Service Tax	FEMA	DGFT	SEZ	Misc	Pitara	Budget
Faceless Scheme Direct Tax Vivad se Vishwas Black Money Basket Benami Act BM Cases e-Assessment Notifications Circulars Instructions SC Cases HC Cases ITAT Cases Advance Ruling Other Cases Directorate of Income Tax (Systems) Citizen's Charter Reports	Tariff Notfn Valid Tariff Notfn Non Tariff Notfn Valid Non-Tariff Notfn Circulars SC Cases HC Cases Cestat Cases Advance Ruling Settlement Safeguard Duty Notfn Anti-dumping Notfn Drawback Cases CVD MISC Circulars N T/CAA/DRI Customs Rules	Sabka Vishwas Scheme 2019 Valid Non Tariff Notfn CCRs - 2017 Central Excise Rules Valid Tariff Notfn Tariff Notfn Non Tariff Notfn Circulars SC Cases HC Cases Cestat Cases Advance Ruling Cesses Notifications Excise Amendment MISC Circulars Settlement Commr.(A) Order Tribunal	Sabka Vishwas Scheme 2019 Accounting Head Notifications Service Tax Rules Circulars SC Cases HC Cases Cestat Cases Advance Ruling FAQ Finance Act, 1994 Commr. (A) Orders Removal of Difficulty VCES Miscellaneous	FEO Act DIPP Notification FDI Approved Exchange Manual Fema Notifications SC Cases HC Cases RBI Notifications RBI Circulars Act Rules Regulations Master Circulars PMLA Notifications Depository Scheme Press Note	Notifications Circulars Public Notices Trade Notice FTDR Amendment 2010 MISC	Notifications Instructions Act 2005 Rules 2006 DGEP State Acts State Policy MISC	SC Cases HC Cases VAT Cases Miscellaneous	TPRU Service News Promotion Transfer Deputation Posts Cadre Review Transfer Policy Training Circulars Recruitment Rules Pay Commission Service Cases Empanelment MISC	Budget Speeches Union Budgets Economic Surveys TRU - D. O. Letter Finance Acts Finance Bill Budget Circular Finance Commission