GST Dept Must Grant Time Extension for Submitting Additional Documents When Sought: Madras HC [Read Order]

In a recent ruling, the Madras High Court has held that when a taxpayer requests an extension of time to submit additional documents in response to a show cause notice, the GST…

Continue ReadingGST Dept Must Grant Time Extension for Submitting Additional Documents When Sought: Madras HC [Read Order]

SBI Wins Before CESTAT on Service Tax Demand for Interchange and Free ATM Services: Supreme Court to Hear Related Appeal Together [Read Judgement]

In a recent ruling,the Supreme Court of India, noted State Bank of India (SBI )’s win before Customs,Excise and Service Tax Appellate Tribunal ( CESTAT ) on service tax demand for interchange…

Continue ReadingSBI Wins Before CESTAT on Service Tax Demand for Interchange and Free ATM Services: Supreme Court to Hear Related Appeal Together [Read Judgement]

Revenue cannot ‘Negatively Block’ Tax beyond Extent of GST ITC available in E-Ledger: Supreme Court declines to Interfere with Delhi HC Ruling [Read Order]

Subscribe to our Newsletter The Supreme Court recently reaffirmed a key principle within the Goods and Services Tax (GST) law, refusing to interfere with a Delhi High Court judgment that prohibited the…

Continue ReadingRevenue cannot ‘Negatively Block’ Tax beyond Extent of GST ITC available in E-Ledger: Supreme Court declines to Interfere with Delhi HC Ruling [Read Order]

S. 79 GST Recovery Notice issued to Bank without Prior Notice to Assessee void: Bombay HC [Read Order]

In a significant ruling concerning GST recovery procedures, the Bombay High Court has held that a recovery notice issued under Section 79 of the Central Goods and Services Tax (CGST) Act, 2017,…

Continue ReadingS. 79 GST Recovery Notice issued to Bank without Prior Notice to Assessee void: Bombay HC [Read Order]

From India to the World: UPI goes Global as Namibia Becomes First Foreign Country to Sign Licensing Agreement

India’s Unified Payments Interface ( UPI ) has made big leaps onto the global stage, with Namibia becoming the first foreign country to formally adopt the revolutionary digital payment technology.…

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GST Assessment Order Passed Beyond Limitation Period is Invalid, Even if by One Day: Telangana HC [Read Order]

Telangana High Court held that a GST assessment order passed even a day beyond the limitation period is invalid and unenforceable. The Telangana High Court ruled that a GST assessment…

Continue ReadingGST Assessment Order Passed Beyond Limitation Period is Invalid, Even if by One Day: Telangana HC [Read Order]

SEBI Directs Indian Banks & Mutual Funds to Remit Mehul Choksi’s Attached Assets Worth ₹2.13 Crore as Belgium Confirms His Presence [Read Order]

The Securities and Exchange Board of India (SEBI) has issued a directive to all banks and mutual funds in the country, instructing them to remit any attached assets belonging to…

Continue ReadingSEBI Directs Indian Banks & Mutual Funds to Remit Mehul Choksi’s Attached Assets Worth ₹2.13 Crore as Belgium Confirms His Presence [Read Order]

Assam HC Slams Tax Department for Denying Lawful Refunds under CST Act: Petitioner Wins Battle over VAT Reimbursement [Read Order]

The Gauhati High Court slams the Assam Taxation Department for wrongfully rejecting the refund claims of Carbon Resources Pvt. Ltd. under Section 15(b) of the Central Sales Tax (CST) Act, 1956. The Court has…

Continue ReadingAssam HC Slams Tax Department for Denying Lawful Refunds under CST Act: Petitioner Wins Battle over VAT Reimbursement [Read Order]