New Order on Blocking of ITC u/r 86A of GST I CA Satbir Singh Facts of the case Assistant Commissioner of GST & Central Excise is proposed a demand for recovery of certain sums of money, on the alleged ground of nonpayment of IGST on ocean freight charges; wrong/ excess availment of Input Tax Credit… Read More »
Pre-deposit for GST Appeal should be made from Cash Ledger Only Facts of the Case Ground-1 : GST Commissioner (appeal) rejected the appeal filed by the Petitioner under Section 107 (1) of the GST Act and holding that the appeals filed are defective since the Petitioner herein had made payment of the pre-deposit being… Read More »
Income Tax Department conducts searches in Kanchipuram, Chennai and Vellore Posted On: 10 OCT 2021 1:59PM by PIB Delhi The Income Tax Department conducted searches on 05/10/2021 in two cases of Kanchipuram, one being a Chit Fund and Financing Group and the other a retailer of Silk Sarees and other garments. The search operations were… Read More »
Cancellation of GST registration not valid if Show cause notice not issued in prescribed format : High Court The impugned order being order for cancellation of GST Registration dated 30.10.2019 is set aside solely on the ground that SCN which preceded the same has not been issued in the prescribed template i.e., REG-17 under Rule… Read More »
GST Best Judgment Assessement Order set aside if GST returns filed by order of High Court HIGH COURT OF KARNATAKA Associate Decor Ltd. v. Assistant Commissioner of Commercial Taxes, Bengaluru S. SUNIL DUTT YADAV, J. WRIT PETITION NO. 45290 OF 2019 (T-RES) JULY 2, 2021 K.P. Kumar, Sr. Adv., Ajay Rao and Adith Jahgirdar, Advs. for the Petitioner. Hema Kumar AGA for… Read More »
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 6th October, 2021 G.S.R. 723(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme, namely:- 1. (1)This Scheme may be called the PM CARES for Children Scheme,… Read More »
Income Tax Department conducts searches in Assam, Meghalaya and West Bengal Posted On: 08 OCT 2021 The Income Tax Department carried out search and seizure operations on 05.10.2021 in the case of two groups based in the North-East Region and West Bengal. A total of 15 premises were covered in the search action, which was… Read More »
Signing of Income Tax Return by Unauthorised Person I CA Satbir Singh Facts of the Case In the case in hand, the was signed by, an employee of the petitioner-company, who had been duly authorized by a resolution of the Board to do so as there was litigation between the Management which was pending before… Read More »
Income from letting-out building with other facilities is taxable as Business Income : High Court Authorities erred in treating the business income derived from complex commercial activities of letting out buildings along with the other amenities in an industrial park partly as income from house property and partly as income from other sources … Read More »
HIGH COURT OF KERALA Assistant State Tax Officer (Intelligence), Alappuzha v. VST AND Sons (P.) Ltd. S.V. BHATTI AND BECHU KURIAN THOMAS, JJ. WA NO. 914 OF 2021 JULY 22, 2021 Mohammed Rafiq, Govt. Pleader for the Appellant. A. Kumar, Adv. for the Respondent. JUDGMENT Bechu Kurian Thomas, J. – Respondents in this appeal had filed the writ petition challenging the… Read More »