18% GST imposed on Paper Bags under Residual Entry of Schedule 3 under Challenge: Madras HC stays Proceedings [Read Order]

The court observed that there is a prima facie case made out, thus decided to stay the further proceedings An 18% GST ( Goods and Services Tax ) was imposed…

Continue Reading18% GST imposed on Paper Bags under Residual Entry of Schedule 3 under Challenge: Madras HC stays Proceedings [Read Order]

GST Liability confirmed on GSTR-3B and GSTR-2A Mismatch: Madras HC remands for Reconsideration [Read Order]

The bench observed that the interest of justice warranted providing the petitioner with an opportunity to contest the tax demand on its merits The Madras High Court set aside the…

Continue ReadingGST Liability confirmed on GSTR-3B and GSTR-2A Mismatch: Madras HC remands for Reconsideration [Read Order]

Documents Enclosed with Email not taken into Consideration: Madras HC sets aside Income Tax Assessment Order [Read Order]

The court found that the bank statements attached to the petitioner's email were not considered in the assessment order In a recent ruling, the Madras High Court set aside an…

Continue ReadingDocuments Enclosed with Email not taken into Consideration: Madras HC sets aside Income Tax Assessment Order [Read Order]

Pre-GST Period Turnover Mismatch in Form 26AS and GST Returns: Madras HC orders readjudication on 10% Pre-deposit [Read Order]

The high court directed the respondent to provide a reasonable opportunity including a personal hearing, and to issue a fresh order within three months of receiving the petitioner’s reply and…

Continue ReadingPre-GST Period Turnover Mismatch in Form 26AS and GST Returns: Madras HC orders readjudication on 10% Pre-deposit [Read Order]

CBIC Issues Clarification on GST for Salvage/Wreck Value in Motor Vehicle Insurance Claims [Read Circular]

It was clarified that in situations where the insurance contract provides for settlement of claim on full IDV, without deduction of value of salvage/ wreck, the insured will be paid…

Continue ReadingCBIC Issues Clarification on GST for Salvage/Wreck Value in Motor Vehicle Insurance Claims [Read Circular]

CBIC Issues Clarification on Place of Supply for Custodial Service by Banks to Foreign Portfolio Investors [Read Circular]

It was clarified that the custodial services provided by banks or financial institutions to FPIs are not to be treated as services provided to 'account holder' and therefore, the said…

Continue ReadingCBIC Issues Clarification on Place of Supply for Custodial Service by Banks to Foreign Portfolio Investors [Read Circular]

CA and CMA Certificates or Recipient Undertakings Admissible as Evidence u/s 15(3)(b)(ii) of GST Act, says CBIC Circular providing Mechanism for Reporting [Read Circular]

For past periods, suppliers can also provide CA/CMA certificates or recipient undertakings as evidence of the required input tax credit reversal to tax authorities. The Central Board of Indirect Taxes…

Continue ReadingCA and CMA Certificates or Recipient Undertakings Admissible as Evidence u/s 15(3)(b)(ii) of GST Act, says CBIC Circular providing Mechanism for Reporting [Read Circular]

Madras HC Orders Appellate Authority to Reconsider GST Appeal Despite 19-Day Delay due to Director’s Illness [Read Order]

It was noted that the petitioner has provided a medical certificate from Lakeside Medical Centre and Hospital to support the claim of ill-health In a recent ruling, the Madras High…

Continue ReadingMadras HC Orders Appellate Authority to Reconsider GST Appeal Despite 19-Day Delay due to Director’s Illness [Read Order]