High Court upheld its order directing separate orders for each assessment year. Summary in Key Points: Issue: Can the adjudicating authority issue a composite order covering multiple assessment years in a case involving tax evasion under Section 74 of the CGST Act, or should separate orders be passed for each year? Facts: The assessee received… Read More »
High Court cannot compel the GST adjudicating authority to decide the case in stages. Summary in Key Points: Issue: Can the High Court direct the adjudicating authority to decide a show cause notice (SCN) under Section 74 of the CGST Act in stages, addressing preliminary objections separately before considering the merits of the case? Facts:… Read More »
GST Demand for Wrongful ITC Availment Set Aside: Technical Error in Claiming CGST/SGST Instead of IGST Summary in Key Points: Issue: Was the demand for wrongly availed Input Tax Credit (ITC) justified when the assessee claimed eligible IGST credit under CGST/SGST instead of IGST? Facts: The revenue authorities imposed a demand, interest, and penalty under… Read More »
GST Refund Allowed to Purchaser on advance payment for a contract that was subsequently cancelled , Credit note not required to be issued by Supplier Summary in Key Points: Issue: Is the assessee entitled to a refund of GST paid on an advance payment for a contract that was subsequently cancelled due to the supplier’s… Read More »
GST Registration Cancellation Revoked on Payment of Dues: Delay in Revocation Application Condoned Summary in Key Points: Issue: Should the delay in filing the application for revocation of GST registration cancellation be condoned? Facts: The assessee’s GST registration was cancelled. The assessee filed a revocation application, but there was a delay. The assessee was willing… Read More »
Bid Cancellation Upheld: Non-Compliance with GST and Payment Requirements Summary in Key Points: Issue: Was the cancellation of the petitioner’s bid for a shop allotment justified due to their non-compliance with GST and payment requirements? Facts: The petitioner participated in an e-tender for shop allotment and was declared the highest bidder. However, they failed to… Read More »
ITC Availed Under CGST/SGST Instead of IGST: Orders Set Aside, Matter Remanded Summary in Key Points: Issue: Was the denial of Input Tax Credit (ITC) justified because it was availed under CGST and SGST instead of IGST? Facts: The assessee faced an order under Section 73, determining excess ITC and demanding payment with interest and… Read More »
CBDT amends Rule 114DA Income Tax Rules ; prescribe due date for furnishing of statement by NR having Liaison Office in India Key Points: Notification No. 14/2025, dated 07-02-2025 The Central Board of Direct Taxes (CBDT) has amended Rule 114DA to prescribe the due date for furnishing Form 49C by non-resident entities with liaison offices… Read More »
diting and Assurance Standards Board The Institute of Chartered Accountants of India 18th February, 2025 Guidance Note on Audit of Banks (2025 Edition) The Auditing and Assurance Standards Board (AASB) of ICAI under the authority of the Council of ICAI brings out the revised edition of “Guidance Note on Audit of Banks” every year to… Read More »
New Change for Income Tax on Self Occupied House Property from AY 2025-26 Income Tax on Self Occupied House Property has been changed from Assessment Year (AY) 2025-26, Here’s a summary: Key Changes: Broader Definition: The definition of “self-occupied” has been expanded. Now, a property can be considered self-occupied not only when the owner resides… Read More »