Monthly Archives: September 2021

Pay STCG on sale of flat if Deprecaition was claimed earlier and then convereted into Investment in Balance Sheet before sale I Supreme Court

By | September 17, 2021
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Pay STCG on sale of flat if Deprecaition was claimed earlier and then convereted into Investment in Balance Sheet before sale I Supreme Court SUPREME COURT OF INDIA Sakthi Metal Depot v. Commissioner of Income-tax A.M. KHANWILKAR AND SANJIV KHANNA, JJ. CIVIL APPEAL NO(S). 8605 OF 2011 JULY  7, 2021 Navanjay Mahapatra, Varun Chug, Sughosh Subramanium, Advs., Mrs. Anil Katiyar,… Read More »

ITC not allowed for FY 2019-20 if supplier filed GST returns in November 2020 : AAR

By | September 15, 2021
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AUTHORITY FOR ADVANCE RULINGS WEST BENGAL Eastern Coalfields Ltd., In re BRAJESH KUMAR SINGH AND JOYJIT BANIK, MEMBER CASE NUMBER 08 OF 2021 & ORDER NUMBER 07/WBAAR/2021-22 AUGUST  9, 2021 Chanchal Kumar Chandra for the Applicant. Preamble A person within the ambit of Section 100 (1) of the Central Goods and Services Tax Act, 2017 or West Bengal Goods… Read More »

Reverse ITC on inputs used in Expired Products like Cakes and Pastries : AAR

By | September 14, 2021
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Reverse ITC on inputs used in Expired Cakes and Pastries : AAR AUTHORITY FOR ADVANCE RULINGS, GUJARAT Kanayalal Pahilajrai Balwani, In re SANJAY SAXENA AND ARUN RICHARD, MEMBER ADVANCE RULING NO. GUJ/GAAR/R/16/2021 JUNE  30, 2021 Pravin Sahu, CA for the Applicant. RULING A. BRIEF FACTS 1. The applicant M/s. Kanayalal Pahilajrai Balwani, (Sidharth Foods), GSTIN 24AALPB4368H1ZS (hereinafter referred to as… Read More »