CA Debartment by NAFRA for 10 years for non-submission of audit file despite repeated reminders Pursuant to information received from SEBI about non-compliance with accounting standards by company, NFRA initiated investigation into professional conduct of statutory auditors of a listed company under section 132(4) of the Companies Act, 2013. To investigate, the audit files and… Read More »
Whether ITC to be reversed on Financial/Commercial Credit Notes ? Many Notices and Demand Orders have been issued, demanding the reversal of Input Tax Credit (ITC) due to the Financial/Commercial Credit Notes. Here is the reply : 1. You claim ITC as per the provisions of Section 16 read with Rule 37. 2. Most of… Read More »
How to Reply GST Notice I KEY CASE LAW YOU MUST KNOW I GST Latest Judgment ICA Satbir Singh
GST Notice not valid if date of Personal Hearing not mentioned : High Court HIGH COURT OF MADHYA PRADESH Concord Tieup (P.) Ltd. v. State of Madhya Pradesh SHEEL NAGU AND DWARKA DHISH BANSAL, JJ. WRIT PETITION NO.26956 OF 2022 APRIL 25, 2023 Sanjay Mishra, Adv. for the Petitioner. Darshan Soni, Adv. for the Respondent. ORDER Dwarka Dhish Bansal, J.–… Read More »
One line cryptic GST notice not Valid : High Court HIGH COURT OF GUJARAT Rathod Enterprise v. State of Gujarat V. ANJARIA AND DEVAN M. DESAI, JJ. R/SPECIAL CIVIL APPLICATION NO. 18603 OF 2022 APRIL 13, 2023 Maulik Nanavati for the Petitioner. Raj Tanna for the Respondent. ORDER Devan M. Desai, J. – The petitioner, by way of this petition has… Read More »
Unsinged GST Notice not Valid : High Court HIGH COURT OF DELHI Marg ERP Ltd. v. Commissioner of Delhi Goods & Service Tax VIBHU BAKHRU AND AMIT MAHAJAN, JJ. W.P. (C) NO. 872 OF 2023 FEBRUARY 3, 2023 ORDER CM APPL. 3390/2023 (for exemption from filing certified copies of orders) Vibhu Bakhru, J. – Exemptions allowed, subject… Read More »
GST Notice was not sent to assessee’s email id but to some other email id hence Invalid : High Court HIGH COURT OF MADRAS Soundararajan & Co. v. Deputy Tax Officer MRS. S. SRIMATHY, J. W.P.(MD)NO. 19092 OF 2023 W.M.P(MD) NOS. 15838 & 15841 OF 2023 AUGUST 7, 2023 Viswanathanfor the Petitioner. B. Saravananfor the Respondent.… Read More »
GST ITC reversed during search proceedings should be refunded to taxpayer : Delhi HC HIGH COURT OF DELHI Santosh Kumar Gupta v. Commissioner, Delhi Goods & Services Tax Act VIBHU BAKHRU AND AMIT MAHAJAN, JJ. W.P. (C) NO. 17171 OF 2022 DECEMBER 5, 2023 A.K. Babbar and Surender Kumar, Advs. for the Petitioner. Rajeev Aggarwal and Ms. Shilpa Singh, Advs. for the Respondent. JUDGMENT… Read More »
GST Notice not valid if assessee was asked to appear for personal hearing within 2 hours of receiving SCN : Madras High court HIGH COURT OF MADRAS Brakes India (P.) Ltd. v. Assistant Commissioner (ST) SENTHILKUMAR RAMAMOORTHY, J. W.P. NO. 36439 OF 2023 W.M.P. NOS. 36451, 36452 OF 2023 JANUARY 3, 2024 Muralifor the Petitioner. C.… Read More »
Guidelines for withholding tax on e-commerce transactions The Central Board of Direct Taxes (CBDT) issued another set of guidelines under section 194-O in the Income-tax Act 1961, which was introduced by the Finance Act, 2020 and provides that an e-commerce operator must withhold tax at the rate of 1% of the gross amount of sale… Read More »