AO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]

The Tribunal’s ruling addressed the primary ground of appeal regarding the legality of the re-opening, effectively favoring the assessee The Delhi Bench of Income Tax Appellate Tribunal( ITAT ) quashed…

Continue ReadingAO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]

Building Rent Received from Department Of Social Welfare for running Boys Hostel Exempted from GST: AAR [Read Order]

The AAR bench noted that the pure services provided by the applicant are exempted as per the CGST notification so not taxable. The Karnataka Authority for Advance Rulings ( KAAR…

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ITC Mismatch Allegations: Delhi HC upholds Provisional Attachment of Bank Account by GST Commissioner [Read Order]

ITC Mismatch Allegations: Delhi HC upholds Provisional Attachment of Bank Account by GST Commissioner The Delhi High Court upheld the powers vested in the Principal Additional Director General, Directorate General…

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Foreign Affiliate Services to related Domestic Entities with full ITC Availability deemed as Open Market Value: CBIC issues Circular [Read order]

The Central Board of Indirect Taxes and Customs has issued a Clarification on valuation of supply of import of services by a related person where recipient is eligible to full…

Continue ReadingForeign Affiliate Services to related Domestic Entities with full ITC Availability deemed as Open Market Value: CBIC issues Circular [Read order]

GST Liability confirmed due to No objections filed on GSTR 3B and GSTR 2A Mismatch: Madras HC directs Reconsideration on 10% Pre-deposit [Read Order]

The GST order had been confirmed due to the petitioner’s failure to file objections or attend the personal hearing. The Madras High Court has directed a reconsideration of the 10%…

Continue ReadingGST Liability confirmed due to No objections filed on GSTR 3B and GSTR 2A Mismatch: Madras HC directs Reconsideration on 10% Pre-deposit [Read Order]

[BREAKING] Three-Month Period for Filing Tribunal Appeals in GST Appellate Tribunal to start from date to be notified by Government, recommends GST Council

Major Relief for Taxpayers as GST Council eases Appeal filing Deadlines Top Stories [BREAKING] Three-Month Period for Filing Tribunal Appeals in GST Appellate Tribunal to start from date to be…

Continue Reading[BREAKING] Three-Month Period for Filing Tribunal Appeals in GST Appellate Tribunal to start from date to be notified by Government, recommends GST Council

Shahjahanpur GST Raid reveals ₹1.2 Cr Goods and Services Tax Fraud at Tractor Agency

Shahjahanpur GST Raid reveals ₹1.2 Cr Goods and Services Tax Fraud at Tractor Agency Post author:admin Post published:April 30, 2024 Post category:Income Tax / Tax Laws Post comments:0 Comments Vineet Tractor Agency…

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Relief to Hitachi Systems: Madras HC sets aside GST DRC-07 Order Due to Lack of Document Response Opportunity with Pre-Deposit Conditions [Read Order]

The Madras High Court, while granting relief to Hitachi Systems India, set aside the Goods and Services Tax ( GST ) DR C -07 order due to lack of opportunity…

Continue ReadingRelief to Hitachi Systems: Madras HC sets aside GST DRC-07 Order Due to Lack of Document Response Opportunity with Pre-Deposit Conditions [Read Order]