WebThe time limit u/s 16(4) does not apply to claim for re-availing of credit that had been reversed earlier under second proviso to section 16(2) (i.e. which has been reversed after a period of 180 days from the date of issue of invoice by the supplier due to non-payment to the supplier). Illustration : Web12 Apr 2024 · 1. Scope of second proviso to Section 188 (1):-Second proviso to subsection (1) of section 188 requires that no member of the company shall vote on a special resolution to approve the contract or arrangement (referred to in the first proviso), if such a member is a related party. It is clarified that ‘related party’ referred to in the ...
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WebCriminal Procedure and insertion of proviso to Section 14 of the Atrocities Act by Act No. 1 of 2016 w.e.f. 26.1.2016, we are of the opinion that on the aforesaid ground the entire criminal proceedings cannot be said to have been vitiated. Second proviso to … Websecond proviso to section 48 was an essential condition for applicability of concessional rate of capital gain tax as per proviso to section 112(1) of the Act. To include the class of non-residents within the ambit of the proviso to section 112 will tantamount to rendering section 112(1)(c) infructuous. AAR’s ruling The AAR, has held that the salary by position nfl
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WebProviso 3(1) of the aforesaid Bye-laws provides as under:— “Every person claiming exemption from payment of fax in respect of a cow or a she-buffaloe under the provision of clause (d) of the second proviso to Section 137 shall register such cow or she-buffaloe with the Commissioner and for this purpose submits an application in the WebSecond proviso to section 16(2) As per the amendment, in case the buyer/ receiver fails to pay the value of supply to the supplier within a period of 180 days from the date of issue of the invoice. Then, the buyer/ receiver is required to pay an amount equal to the input tax credit along with interest under section 50. Third proviso to section ... Web30 Jan 2024 · ITC reversal on non-payment towards vendor invoices within 180 days-proviso/ rule and changes therein. In the second proviso to Section 16(2) it sets out that ITC to be reversed with interest where the recipient of goods/services fails to pay the consideration with tax to the supplier within a period of 180 days from the date of issue of … things to collect data on