Ministry of Finance Total Rs 17,616 crore of Refunds issued under GST; 90% of IGST eligible claims have been approved. Posted On: 02 APR 2018 5:34PM by PIB Delhi In line with commitment of government to liquidate all pending GST refunds, the Central Board of Indirect Taxes and Customs (CBIC) has successfully concluded refund fortnight… Read More »
Ministry of Finance Final Monthly collection figures of GST Posted On: 02 APR 2018 6:08PM by PIB Delhi The revenue collection figures under GST including CGST, SGST, IGST and cess for the period July 2017 – February 2018 paid in the period July 2017 – March 2018 is as follows: (Figures in Rs. Crores) Month… Read More »
Ministry of Finance Provisional Direct Tax Collections and Number of Income Tax Returns filed for F.Y. 2017-2018 Posted On: 02 APR 2018 6:11PM by PIB Delhi The provisional figures of Direct Tax collections for FY 2017-18 show that net collections are at Rs.9.95 lakh crore which is 17.1% higher than the net collections for FY… Read More »
HIGH COURT OF KERALA Ascics Trading Company v. Assistant State Tax Officer A.K. JAYASANKARAN NAMBIAR, J. WP (C) NO. 31328 OF 2017(M) OCTOBER 4, 2017 K.J. Abraham and Nikhil John for the Petitioner. C.E. Unnikrishnan for the Respondent. JUDGMENT 1. It is brought to my notice by the learned counsel appearing for the petitioner that pursuant to the interim order dated… Read More »
HIGH COURT OF MADRAS REGEN Powertech (P.) Ltd. v. Central Board of Direct Taxes, New Delhi M. DURAISWAMY, J. W.P. NO. 24273 OF 2016 MARCH 28, 2018 Vijaya Narayanan, Sr. Counsel and R. Sivaraman for the Petitioner. Mrs. Hema Muralikrishnan, Sr. Standing Counselfor the Respondent. ORDER 1. The petitioner has filed the above Writ Petition to issue a writ of… Read More »
HIGH COURT OF GUJARAT Sahebsingh Bindrasingh Senagar (HUF) v. Chief Commissioner of Income-tax-1 AKIL KURESHI AND B.N. KARIA, JJ. SPECIAL CIVIL APPLICATION NO. 21411 OF 2017 FEBRUARY 21, 2018 Hardik V. Vora, Adv. for the Petitioner. Mrs. Mauna M. Bhatt, Adv. for the Respondent. JUDGMENT Akil Kureshi, J. – The petitioner has challenged an order dated 1.8.2017 passed by the Chief… Read More »
Ministry of Finance IBBI invites suggestions on regulation of fee payable to insolvency professionals and other process costs under Corporate Insolvency Resolution Process Posted On: 01 APR 2018 8:28PM by PIB Delhi Insolvency and Bankruptcy Board of India (IBBI) released a discussion paper today on regulation of fee payable to insolvency professionals (IPs) and other process costs under Corporate Insolvency… Read More »
Ministry of Finance Smooth Roll-out of E-way Bill System from today, 1st April, 2018 Posted On: 01 APR 2018 7:17PM by PIB Delhi As per decision of the GST Council, e-Way Bill system became mandatory from today i.e. 01st April, 2018 for all inter-State movement of goods. The implementation of the nationwide e-Way Bill mechanism… Read More »
GST News [Part 202] by TaxHeal.com
Apply for Fresh LUT for exports w.e.f. 01.04.2018 As you are aware, exports of goods & services can be made without payment of integrated tax under provisions of Rule 96A of CGST Rules. Under the said provisions, an exporter is required to furnish a Bond or LUT to the jurisdictional Commissioner before effecting zero rated… Read More »