Top Stories GST ITC Rejected due to Claims filed beyond Period Specified u/s 16(4): Madras HC Directs to Re-do Assessment in Light of Finance Act, 2024 [Read Order] In its…
In a notable ruling, the Rajasthan Authority for Advance Rulings (AAR) has clarified that soft-serve ice cream mixes, commonly referred to as mixes “softy cones”, cannot be classified as dairy…
The Goods and Services Tax ( GST ) Rule 86B, introduced by the Central Board of Indirect Taxes and Customs ( CBIC ) through notification number 94/2020 on December 22,…
Top Stories [Breaking] Zero Rated Export Goods seized due to Missing GST E-invoice: Madras HC directs Provisional Release Subject to Proof in GSTR [Read Order] The court concluded that the…
Top Stories GST Recovery and Hearing Notices ignored: Madras HC orders 25% Pre-Deposit from Cash Ledger for Fresh Consideration [Read Order] It was directed to treat the previous order as…
With regards to an issue of availing Input Tax Credit ( ITC ) under Goods and Services Tax ( GST ) on leasing the building for the schools, the Madhya…
Top Stories Received Income Tax Notice for claiming Section 87A Rebate on STCG? Here’s what you need to know Many taxpayers who claimed rebates under Section 87A of the Income…
Top Stories AO is “Prescribed Income Tax Authority” to issue Notices u/s 143(2) and 142(1): Delhi HC [Read Order] The Petitioner sought to challenge the jurisdiction and powers exercisable by…
Top Stories GST Rule 86B Explained: Utilise 99% ITC for Output Tax Liability Discharge, at least 1% Must Be Paid in Cash The applicability of this rule is mandatory for…
Recently, the Allahabad High Court ruled that the proceedings under Section 130 of the Goods and Services Tax ( GST ) Act cannot be initiated for the excess stock detected…