Retrospective Cancellation of GST Regn.: Delhi HC Revises Effective Date from 2017 to 2021 After Confirming No Fraudulent ITC Availed [Read Order]

The Delhi High Court recently modified the effective date of cancellation of the Goods and Services Tax (GST) registration of a scrap dealer whose registration was earlier cancelled by the…

Continue ReadingRetrospective Cancellation of GST Regn.: Delhi HC Revises Effective Date from 2017 to 2021 After Confirming No Fraudulent ITC Availed [Read Order]

Notice Must Be ‘Issued’, Not Merely Generated: Delhi HC rules Income Tax Reassessment Notice Time-barred with 1 day Delay [Read Order]

The Delhi High Court has set aside the income tax reassessment notice observing that the notice must be “issued” within the limitation period and not merely generated on the Income Tax…

Continue ReadingNotice Must Be ‘Issued’, Not Merely Generated: Delhi HC rules Income Tax Reassessment Notice Time-barred with 1 day Delay [Read Order]

Date of GST Notice and Personal Hearing alleged to be Same: Allahabad confirms Such Practice should Discontinued [Read Order]

The Allahabad High Court has confirmed that issuing a GST ( Goods and Services Tax ) show-cause notice and fixing the personal hearing on the very same date is a defective and…

Continue ReadingDate of GST Notice and Personal Hearing alleged to be Same: Allahabad confirms Such Practice should Discontinued [Read Order]

Guidelines on Costs for Compounding Cheque Dishonour Cases in Damodar S Prabhu Ruling not Binding: Supreme Court [Read Judgement]

The Supreme Court of India has set aside the cost imposed on appellant Rajeev Khandelwal by the High Court of Judicature at Bombay while disposing of a revision petition arising…

Continue ReadingGuidelines on Costs for Compounding Cheque Dishonour Cases in Damodar S Prabhu Ruling not Binding: Supreme Court [Read Judgement]

Transfer of Title in Immovable Property by Way of Sale Excluded from Service Tax: Supreme Court [Read Judgement]

In a recent judgment, the Supreme Court held that a simple sale of land does not amount to a taxable service and that the transfer of title in immovable property by way…

Continue ReadingTransfer of Title in Immovable Property by Way of Sale Excluded from Service Tax: Supreme Court [Read Judgement]

Understanding GST ITC Mismatch During Conversion from Composition Dealer to Regular Dealer [Find Draft Reply Here]

Under the Goods and Services Tax (GST) framework, taxpayers registered under the Composition Scheme often find it necessary to migrate to the Regular Scheme, either due to turnover limits being…

Continue ReadingUnderstanding GST ITC Mismatch During Conversion from Composition Dealer to Regular Dealer [Find Draft Reply Here]

When Goods Are Detained for Alleged Undervaluation: The Legal Context and Importance of a Reply Under GST [Find Draft Reply Here]

Several judicial decisions have reinforced that undervaluation is not a ground for detention. Allegations of “undervaluation” continue to trigger the detention of goods under the Goods and Services Tax (GST)…

Continue ReadingWhen Goods Are Detained for Alleged Undervaluation: The Legal Context and Importance of a Reply Under GST [Find Draft Reply Here]

CBDT Issues Advisory on Enhancing Tax Transparency in Foreign Assets and Income under CRS & FATCA

The Central Board of Direct Taxes (CBDT) has issued an advisory titled “Enhancing Tax Transparency on Foreign Assets and Income: Understanding CRS & FATCA”. The Board has called on taxpayers…

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Crypto Wallets under ED Radar: PMLA Probe Reveals ₹4.81 Cr USDT Routed via CoinDCX through Non-KYC Accounts

The Hyderabad Zonal Office of the Directorate of Enforcement has provisionally attached bank balances totalling ₹8.46 crore spread across 92 bank accounts, including that of CoinDCX and several crypto wallets, under the…

Continue ReadingCrypto Wallets under ED Radar: PMLA Probe Reveals ₹4.81 Cr USDT Routed via CoinDCX through Non-KYC Accounts