Category Archives: GST

Incentives granted before GST withdrawn after GST, Writ Petition dismissed as , no plea of promissory estoppel was maintainable : HC

By | May 3, 2020

Incentives granted before GST withdrawn after GST, Writ Petition dismissed as , no plea of promissory estoppel was maintainable : HC HIGH COURT OF DELHI Hero Motocorp Ltd. v. Union of India VIPIN SANGHI AND SANJEEV NARULA, JJ. W.P. (C). 505 OF 2020 CM APPL. 1328 OF 2020 MARCH  2, 2020 S. Ganesh, Sr. Adv., Ms. Priyanka Rathi, Ms. Ashwini Chandrasekaran and Rohit… Read More »

Denying Refund is illegal if holded for cross verification of payment made : HC

By | May 3, 2020

Denying Refund is illegal if holded for cross verification of payment made : HC In the instant case, the respondents had withheld the refund for 11 years on ground of ‘want of cross-verification details’ which is not a ground mentioned in Sec.33-C for withholding the refund due to petitioner. Sec.33-E and 33-F of the APGST… Read More »

Technical Documents not to be included in valuation of Equipment : SC

By | May 3, 2020

Drawings & specifications imported for post-importation activities not to be included in value of imported goods: SC SUPREME COURT OF INDIA Commissioner of Customs v. Steel Authority of India Ltd. DEEPAK GUPTA AND ANIRUDDHA BOSE, JJ. CIVIL APPEAL NO. 6398 OF 2009 APRIL  27, 2020 JUDGMENT   Aniruddha Bose, J. – The dispute in this appeal relates to… Read More »

ICAI Advisory on Communication with Retiring Auditor through E-mail 

By | May 1, 2020

Communication with the Retiring Auditor through E-mail  The members have raised concerns that during the period of ongoing lockdown, it is not possible for the Incoming Auditor to communicate with the Retiring Auditor through the mode(s) of communication permissible in terms of provisions of Code of Ethics. The existing Code of Ethics, 2009 , provides,… Read More »

Reduction in Incentive Scheme by Govt by Subsequent Notification not covered by promissory estoppel: SC

By | May 1, 2020

Reduction in Incentive by Govt by Subsequent Notification not covered by promissory estoppel: SC SUPREME COURT OF INDIA Union of India v. V.V.F. Ltd. ARUN MISHRA, M.R. SHAH AND B.R. GAVAI, JJ. CIVIL APPEAL NOS. 2256-2263 OF 2020 APRIL  22, 2020 JUDGMENT M.R. Shah, J. – Leave granted in all the special leave petitions. Civil Appeals @ SLP ©… Read More »