AO is “Prescribed Income Tax Authority” to issue Notices u/s 143(2) and 142(1): Delhi HC [Read Order]

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…

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GST Rule 86B Explained: Utilise 99% ITC for Output Tax Liability Discharge, at least 1% Must Be Paid in Cash

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…

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No GST proceedings u/s 130 shall be initiated for Excess Stock Detected during GST Inspection, Rules Allahabad HC [Read Order]

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…

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S.81 CGST Act Not Invokable to Declare Transfer Of Property Void Without Determining ‘Nature Of Transaction’: Andhra Pradesh HC [Read Order]

Top Stories S.81 CGST Act Not Invokable to Declare Transfer Of Property Void Without Determining ‘Nature Of Transaction’: Andhra Pradesh HC [Read Order] The Court was of the opinion that…

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Pre-GST Dues can be Cleared in Monthly Instalments: Madras HC rules Partly in Favour of Manufacturing Company in Loss [Read Order]

The Madras High Court has ruled in favour of a manufacturing company facing financial difficulties, allowing it to clear its pre-GST ( Goods and Services Tax ) dues of Rs.…

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