GST Evasion by Charitable Trust, Cum-Tax Benefit Denied u/ r 35 of CGST Rules Issue: Whether a charitable trust operating a marriage hall is liable for GST and penalties for failing to register under GST and attempting to evade tax by misrepresenting receipts as donations. Facts: The assessee, a charitable trust, operated a marriage hall… Read More »
ITC Claim for Shopping Mall Construction Remanded for Reconsideration Issue: Whether the denial of Input Tax Credit (ITC) on works contract services for the construction of a shopping mall, classified as an immovable property, is justified, considering the ‘functionality test’ for determining if a building qualifies as a ‘plant’ under Section 17(5)(d) of the CGST… Read More »
Rectification of GST Orders Allowed for Wrong Availment of Input Tax Credit Issue: Whether taxpayers can rectify orders related to the wrong availment of Input Tax Credit (ITC) under the special procedure provided by Notification No. 22/2024-Central Tax. Facts: Notification No. 22/2024-Central Tax, dated October 8, 2024, allows taxpayers to file applications for rectification of… Read More »
Fixed Deposit Limits in FY 2025 -26 and Reporting in ITR Fixed Deposit Limits in FY 2025 -26 for Senior Citizens and Others Meaning of Senior Citizen Senior Citizen: An individual, resident in India, who is 60 years or more but less than 80 years at any time during the previous year Very Senior Citizen:… Read More »