Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Excessive delay in issuing show cause notice &...     TaxTMI    Taxpayer's victory: AO's order upheld, PCIT's...     TaxTMI    Non-resident Singapore firm's software licensing...     TaxTMI    EOUs face automated Import Rules from 17.09.2024 -...     TaxTMI    Steel Extending validity of customs valuation rules...     TaxTMI    New SEBI circular relaxes rules for REITs, enables...     TaxTMI    Virtual Hearings Mandatory: CBIC Reinstates Video...     TaxTMI    Apex Court upholds validity of extension of GST...     TaxTMI    Builders wrongly claimed before Appellate Tribunal...     TaxTMI    Deductions, expense allocation & miscellaneous...     TaxTMI    Foreign airline's code-sharing income from India...     TaxTMI    Reopening of assessment after 4 years and addition...     TaxTMI    Trade officials wrongly denied export benefits due...     TaxTMI    License Revoked Without Proper Notice 's license...     TaxTMI    Settling shareholder feud, ensuring company...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
VAT - Highlights / Catch Notes

Home Highlights December 2016 Year 2016 This

Printing of currency notes for Government of India - Business or ...

Case Laws     VAT and Sales Tax

December 2, 2016

Printing of currency notes for Government of India - Business or not - before selling currency notes to the government, these are merely goods and liable to be taxed accordingly - Central government is not exempt from levy of indirect taxes - HC

View Source

 

← Previous Next →

 

You may also like:

  1. Disallowance of loss on sale of Government Securities - permissible business loss or not? - The Tribunal disagreed with the AO's presumption that the securities were not...

  2. Exchange in old currency notes seized by the Police Authorities under an order of seizure - directions issued - the respondents shall exchange the old demonetized...

  3. Government allowed export benefit to Bhutan in Indian Currency under Central Excise Law.

  4. Loss from mutilated currency notes claimed as business loss/business expenditure in computation of taxable total income - AO to allow the loss to the extent of 20%

  5. Restriction on export of KN96 masks - RBI prohibited Merchanting Trade Transactions (MTT) / Receipt of consideration in foreign currency - the Government of India is the...

  6. Levy of GST - cross border purchase and sale of goods - goods procured from vendor located outside India in a context where the goods so purchased are not brought into...

  7. Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2019

  8. Permission to a person resident outside India to enter into exchange traded currency derivatives

  9. Permanent Establishment - Car is manufactured by the Audi AG outside India and constitutes a separate and independent activity. As noted earlier the car is sold to VW...

  10. Release / return of Seized currency to the petitioner - currency notes recovered by the police under Section 102 Cr.P.C. - the release of vehicle/article/currency notes...

  11. Supply of services or deemed supply - Liaison office - applicant connects businesses in India with business partners in Dubai - intermediary - non-profit organization -...

  12. The notification amends the Foreign Exchange Management (Debt Instruments) Regulations, 2019, allowing persons residing outside India to purchase and sell Sovereign...

  13. Exemption under Section 10(48) - Notified Foreign oil Company selling crude oil in India - Notification

  14. Classification of goods - printing ‘duplex board and kraft paper’ - by virtue of Chapter Note 12 to Chapter 48, these items will fall in Chapter 49 being goods of printing industry

  15. A citizen of a foreign State, resident in India, being an employee of a foreign company or a citizen of India working in India can open foreign currency account with a...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: Stock damaged in recent floods
F: ITC Issue in case of Acqusition of Company in Insolvency
F: Transfer of ITC without filing ITC-02
A: Director Identification Number
A: No GST is applicable for the services provided by the Director under p...
A: Income Tax Act Revamp (Comprehensive Review): Status and Suggestion on...
N: Inland Container Depots for loading and unloading of goods - Seeks to ...
H: Reopening of Assessment upheld; NRI Status & Source of Funds questioned.
H: Service Tax Refund Claim's Jurisdiction Tussle - Recipient's Location ...
H: Assessment appeal dismissed over technicality, courts intervene to uph...
H: Hostel accommodation services taxed under GST, not exempt as residenti...
H: Liquor Tycoon's Undisclosed Income Unraveled Through Search Operation.
H: Petrol pump owner's cash deposits from sales accepted as genuine income.
H: Reassessment notices quashed, approval withdrawal invalid - jurisdicti...
H: NRI's unexplained mutual fund investment & capital gains get relief af...
H: Land sale profit: Business income or long-term capital gain? Intention...
H: Land business income surrendered during survey not unexplained, charge...
H: Taxpayer wins against tax dept's addition of unproved sundry creditors...
H: Professional fees earned abroad taxable in India, but Japanese withhol...
H: Lending business earned interest spread, no disallowance. Keyman insur...
H: Transaction Value Dispute: Insufficient Evidence for Duty Enhancement?
H: Rejected resolution plan barred from halting asset auction due to prin...
A: NON-SUBMISSION OF FORM 15G/15H TO THE COMMISSIONER FOR TDS UNDER SECTI...
A: UNDERSTANDING AMNESTY FOR WAIVER OF INTEREST / PENALTY U/S 128A OF GST...
A: Department cannot pass an order on the dated personal hearing
A: How to register a Company in India: A Step-by-Step Guide for 2024
C: Clarifications on the applicability of concessional duty under IGCR Ru...
C: Withdrawal of Master Circular on issuance of No Objection Certificate ...
C: Implementation of automation in the Customs (Import of Goods at Conces...
F: INTERMEDIARY SERVICES OR EXPORT SERVICES