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ITAT Grants Partial Relief on Rs.35.13 Lakh Cash Deposit, Remands Vehicle Sale Issue to AO Due to Incomplete Documentation [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT...
No Interest Payable on Refunds Issued within 3 Months as per Section 18(4) of Customs Act : CESTAT [Read Order]
In a recent ruling, the Chandigarh bench of the Customs,...
Incentives and Discounts Received by Dealers from Manufacturers Not Taxable as Services, Treated as P2P Transactions: CESTAT [Read Order]
The Ahmedabad Bench of the Customs, Excise & Service Tax...
Salaried Bank Account Freezed by GST Intelligence: CIC upholds CPIO’ Decision to Deny Information u/s 8(1)(h) of RTI Act [Read Order]
The Central Information Commission ( CIC ) has upheld the...
GST cannot be included while computing Deemed Income u/s 44B: ITAT [Read Order]
Top Stories GST cannot be included while computing Deemed Income...
Interest for Delayed IGST Refunds start after 60 Days of Filing Shipping Bill: Bombay HC [Read Order]
Top Stories Interest for Delayed IGST Refunds start after 60...
CBIC Extends GSTR-3B Due Date for Maharashtra and Jharkhand: Key Details
The Central Board of Indirect Taxes and Customs ( CBIC...
CBDT issues Circular for Condonation of Delay in Filing Income Tax Forms 9A, 10, 10B, and 10BB [Read Circular]
Top Stories CBDT issues Circular for Condonation of Delay in...
Capital Subsidy should be reduced for Computation of Book Profit u/s 115JB of Income Tax Act: ITAT [Read Order]
Top Stories Capital Subsidy should be reduced for Computation of...
Transparent Disclosure of Foreign Assets and Income: All You Need to Know About CRS & FATCA for ITR Filers
In our globalised economy, financial transparency is a cornerstone of...
Revise ITR to Show Foreign Assets or Face Rs. 10 Lakh Penalty! Income Tax Dept warns Taxpayers
Top Stories Revise ITR to Show Foreign Assets or Face...
Setback to ICAI as SG holds Govt Sole Authority on Audit Standards in Legal Opinion
A recent opinion provided by the Solicitor General of India...
GSTN issues Important advisory on GSTR 2B and IMS
The GST Network ( GSTN ) has highlighted specific scenarios...
Filing ITR with Foreign Assets? Here’s How to Complete FSI, TR, and FA Schedules Step-by-Step
Top Stories Filing ITR with Foreign Assets? Here’s How to...
Demand Notice on GSTR Mismatch issued after 5 Years GST Registration Cancelled: Madras HC sets aside Order on 5% Pre-deposit [Read Order]
Top Stories Demand Notice on GSTR Mismatch issued after 5...
Husband Transferring Portion of Residential Building to Wife Amounts to Luxury Tax Evasion: Kerala HC dismisses Petition [Read Order]
Top Stories Husband Transferring Portion of Residential Building to Wife...
Delayed Income Tax Penalty Order u/s 271C for failure to Deduct TDS not Sustainable: Delhi HC [Read Order]
The Delhi High Court recently quashed an Income Tax Appeal...
Inability to prove Unexplained Cash Credit u/s 69A of Income Tax Act: ITAT remits issue to AO for Fresh Consideration [Read Order]
Top Stories Inability to prove Unexplained Cash Credit u/s 69A...
Expired Notification cannot be Extended: Madras HC directs Reassessment of Huawei Telecom’s ADD on Imports from China within Valid Period [Read Order]
In a recent ruling, the Madras High Court held that...
No Representation from Assessee Side: ITAT quashes Appeal [Read Order]
In a recent case before Income Tax Appellate Tribunal (ITAT),...
ITAT upholds Addition of Unexplained Income under Section 69A due to Assessee’s Non-Compliance [Read Order]
Top Stories ITAT upholds Addition of Unexplained Income under Section...
Filing ITR with Foreign Assets? Here’s How to Complete FSI, TR, and FA Schedules Step-by-Step
If you’re having foreign assets, then you should show those...
DGFT Proposes Notification of Harmonized Schedule-II (Export Policy) based on 8-Digit ITC (HS) Codes [Read Notice]
The Directorate General of Foreign Trade (DGFT) under Notification No....
Supreme Court & High Courts Weekly Round-up
This weekly roundup analytically summarizes the key stories related to...
[BREAKING] Duplication of Invoices in GST IMS Sorted! GSTN rectifies GST Portal Issues
Top Stories [BREAKING] Duplication of Invoices in GST IMS Sorted!...
[BREAKING] Punjab and Haryana HC sets aside S. 74 GST Demand Notice and Order issued after Dropping S.61 Actions [Read Order]
The Punjab and Haryana High Court has quashed a Goods...
Non-Issuance of Notice u/s 124 of Customs Act: Delhi HC directs Immediate Release of Detained Patek Philippe Watch [Read Order]
Top Stories Non-Issuance of Notice u/s 124 of Customs Act:...
Not Necessary for Custom Broker to keep Continuous Surveillance at Physical Address of Exporters: Delhi HC restores Licence [Read Order]
Top Stories Not Necessary for Custom Broker to keep Continuous...
New GSTN Feature to Fix Errors in GST Invoice Matching for ITC Claims: Details You Should Know
Top Stories New GSTN Feature to Fix Errors in GST...
Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order]
Top Stories Savings A/c Cash Deposits treated as ‘Unexplained Money’...
ITAT Rules Entire Bank Credit as Business Receipts for Income Estimation u/s 44AD of income Tax Act [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT...
75% Disputed GST already Paid: Madras HC grants Opportunity to Explain Discrepancies between Form GSTR-1 and 3B [Read Order]
Top Stories 75% Disputed GST already Paid: Madras HC grants...
ITAT Deletes Addition of Rs.53.23 Lakh on Cash Deposits During Demonetization, Directs Re-computation of Income [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT...
Safari Retreats – A Learner’s perspective
Like the word, the decision of the Apex Court in...
RBI Penalty on third-party vendors for Non-performance or under-performance of Contract not subject to GST: AAR [Read Order]
The Maharashtra Authority for Advance Ruling ( AAR ) while...
GST Dept Debits 10% before Appeal period completion: Karnataka High Court directs use of amount as Pre-Deposit for Appeal [Read Order]
In a recent ruling, the Karnataka High Court directed the...
S. 16(5) of CGST Allows Delayed ITC for A.Y. 2018-19 to 2020-21 if returns Filed by Nov 30, 2021: Karnataka HC Remands Matter [Rad Order]
Top Stories S. 16(5) of CGST Allows Delayed ITC for...
GST Annual Returns GSTR-9: Due Date, Applicability, Late Fees and All You Need to Know
Top Stories GST Annual Returns GSTR-9: Due Date, Applicability, Late...
November 15: Important Income Tax Forms to be furnished in 2 days
Top Stories November 15: Important Income Tax Forms to be...
Wrongful Deposit of TDS By Employer: Gauhati HC Denies Interest u/s 244A of Income Tax Act [Read Order]
The Gauhati High Court has held that interest on refund...
Availment of Blocked Input Tax Credit on CSR Expenses before 01.10.2023: How to Reply to GST SCN [Find Draft Format Here]
Top Stories Availment of Blocked Input Tax Credit on CSR...
Period of Limitation: A Check Post for Income Tax Assessments
Top Stories Period of Limitation: A Check Post for Income...
India’s Net Direct Tax Collection Grows by 15.41% this FY, Exceeding ₹12.1 Lakh Crore
India’s net direct tax collection has increased by 15.41% this...
Notice Sent to Non-Existent Entity Post-Merger Deemed Invalid: Karnataka HC quashes Income Tax Notice [Read Order]
Top Stories Notice Sent to Non-Existent Entity Post-Merger Deemed Invalid:...
GSTN issues Advisory regarding GST IMS during Initial Phase of Implementation
Top Stories GSTN issues Advisory regarding GST IMS during Initial...
Availment of Both GST ITC and Depreciation on Capital Goods: Here’s How to Draft Reply to GST Notice [Find Format Here]
Top Stories Availment of Both GST ITC and Depreciation on...
ITAT Absolves Income Taxpayer of Advance Tax Liability u/s 209 observing Lack of Implicating Material [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Hyderabad recently...
J & K HC grants Two Weeks More Time on Constituting GST Appellate Tribunal
The High Court of Jammu and Kashmir (J&K ) and...
[BREAKING] No Proposal of Implementation of Direct Tax Code, 2025: Sources
Top Stories [BREAKING] No Proposal of Implementation of Direct Tax...
Hand Sanitisers are not Disinfectants: Bombay HC quashes 2020 GST Press Release by Centre [Read Order]
Top Stories Hand Sanitisers are not Disinfectants: Bombay HC quashes...
GST Applicable on Airports Authority of India on Concession Fees and Asset Leasing for Airport Operations Managed by Adani Group: AAR [Read Order]
In a recent ruling, the Kerala Authority for Advance Rulings...
GST Demand not yet Settled after Payment? Learn how to use New DRC03A Form Available on GST Portal
Top Stories GST Demand not yet Settled after Payment? Learn...
Availment of Blocked Input Tax Credit on CSR Expenses before 01.10.2023: How to Reply to GST SCN [Find Draft Format Here]
The controversy around the availment of Input Tax Credit (...
Availment of Both GST ITC and Depreciation on Capital Goods: Here’s How to Draft Reply to GST Notice [Find Format Here]
Top Stories Availment of Both GST ITC and Depreciation on...
Sale Deed Does not Verify Classification of Land as Agricultural for Taxation Purposes: Delhi HC [Read Order]
Top Stories Sale Deed Does not Verify Classification of Land...
New GST Amnesty Scheme Effective November 1: Know about Important Deadlines and Benefits
Top Stories New GST Amnesty Scheme Effective November 1: Know...
GST Dept neither considered Reply nor Provided any Hearing Opportunity before Passing Order: Madras HC sets aside Order [Read Order]
The Madras High Court set aside the Goods and Services...
Self-Assessment by Taxpayer cannot be treated as Dilution of Central Excise Officer’s Statutory Responsibility: CESTAT [Read Order]
Top Stories Self-Assessment by Taxpayer cannot be treated as Dilution...
GST Registration Suspension without Invoking Civil or Criminal Action for Contravention of Provisions Directly hits Fundamental Right: Madras HC [Read Order]
Top Stories GST Registration Suspension without Invoking Civil or Criminal...
GST Forms SPL-01 and SPL-02 will be Available in January 2025: GSTN Advisory on Interest and Penalty Waiver u/s 128A
The Goods and Services Tax Network ( GSTN ), on...
Madras HC Quashes GST Demand order issued against Deceased Proprietor after 4 Years of her Death, Remands Matter [Read Order]
The Madras High Court quashed the GST ( Goods and...
Sale Deed Does not Verify Classification of Land as Agricultural for Taxation Purposes: Delhi HC [Read Order]
The Delhi High Court in a significant case has held...
Reasons for Non-compliance with GST Notices found Genuine: Madras HC Directs GSTN to allow Return Filing and Payment [Read Order]
Top Stories Reasons for Non-compliance with GST Notices found Genuine:...
GST paid shall not be Included while Computing Total Income u/s 44BB: ITAT [Read Order]
Top Stories GST paid shall not be Included while Computing...
NFRA May Propose Audit Norms for LLPs
The National Financial Reporting Authority ( NFRA ) is expected...
Mineral Transport Within and Outside Mines Falls under GTA for Service Tax, Not Mining: CESTAT [Read Order]
Top Stories Mineral Transport Within and Outside Mines Falls under...
Supreme Court & High Courts Weekly Round-up
Top Stories Supreme Court & High Courts Weekly Round-up This...
Denial of PCC on mere Pendency of FIRs under EPF Act constitutes unreasonable restriction: Delhi HC directs issuance of PCC [Read Order]
The Delhi High Court directed for the issuance of the...
No Issuance of Income Tax Notice Beyond 10 years from Relevant Assessment Year as per S.149 r/w 153C: Delhi HC [Read Order]
Top Stories No Issuance of Income Tax Notice Beyond 10...
ITAT Accepts Medical Certificate as Sufficient Proof to Condone Taxpayer’s Delay in Filing Audit Report [Read Order]
In a recent case before Income Tax Appellate Tribunal (ITAT),...
ICAI Revises Criteria for Classification of Non-Company Entities for Applicability of Accounting Standards
The Institute of Chartered Accountants of India ( ICAI )...
Karnataka HC Invokes Article 226 to Restore Society’s GST Registration Citing Email Access Issues and Public Role in Food Supply [Read Order]
Top Stories Karnataka HC Invokes Article 226 to Restore Society’s...
ITAT upholds Disallowance of PF/ESI Contributions due to Late Deposits Beyond Statutory Deadlines [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (...
GST Dept Notifies for Personal Hearing Only on Portal Despite Email notification Request: Karnataka HC sets aside Exparte order [Read Order]
In a recent ruling, the Karnataka High Court set aside...
If Principal Manufacturer Fails to Discharge Tax Liability, Burden Shifts to Job Worker: CESTAT [Read Order]
The Delhi Bench of Customs, Excise, and Service Tax Appellate...
CBIC issues Clarification on Insurance Amount and Bond Value for CCSPs and validity of Bond for AEO-LO [Read Circular]
The Ministry of Finance issued Circular No. 22/2024-Customs on November...
Orissa HC Condones Delay, allows Revival of GST Registration due to willingness to settle Outstanding Dues [Read Order]
In a recent ruling, the Orissa High Court condoned the...
GST Demand not yet Settled after Payment? Learn how to use New DRC03A Form Available on GST Portal
The Goods and Services Tax Network ( GSTN ) has...
ITAT sets aside Penalty, Orders Fresh Proceedings after Reconsideration of Quantum Addition [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT...
ITAT directs CIT (E) to Reconsider 80G Registration Application on Merits Despite Clerical Error and Delay [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT...
ITAT remands Case to CIT(E) for Re-examination due to Insufficient Hearing Notice [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT...
ITAT Restores Matter to AO for Fresh Assessment, allowing Assessee to Submit Additional Evidence [Read Order]
Top Stories ITAT Restores Matter to AO for Fresh Assessment,...
GST Demand of Rs 1.57 crore issued to Sree Padmanabhaswamy Temple Trust
The Central Board of Indirect Taxes and Customs’ ( CBIC...
Kerala HC holds Time Limit to Claim GST ITC as 30th November [Read Order]
Top Stories Kerala HC holds Time Limit to Claim GST...
Income Tax Dept. Fails to Grant Full TDS Credit: Madras HC directs Refund of Differential TDS Amount Within 2 Months [Read Order]
In a recent ruling, the Madras High Court directed the...
CBDT Condones Delay for AY 2023-24 Returns Claiming Deduction u/s 80P [Read Circular]
Top Stories CBDT Condones Delay for AY 2023-24 Returns Claiming...
ITAT upholds AO’s Addition of Rs. 9.65 Lakh u/s 56(2)(x) as Gift not Qualifying from a Relative [Read Order]
Top Stories ITAT upholds AO’s Addition of Rs. 9.65 Lakh...
New RCM Time of Supply Rules Effective from November 1, 2024: Know About Changes and Compliance Requirements
Top Stories New RCM Time of Supply Rules Effective from...
Negative Liability Statement for Regular Taxpayers: Here’s What GSTR-3B Filers Need to Know
Top Stories Negative Liability Statement for Regular Taxpayers: Here’s What...
Patna HC allows 10% Reduced Pre-Deposit to Stay Recovery due to Delay in Constituting the GST Tribunal [Read Order]
In a recent ruling, the Patna High Court allowed a...
Supreme Court & High Courts Weekly Round-up
Top Stories Supreme Court & High Courts Weekly Round-up This...
UPI Transactions for NRIs: A Comprehensive Guide
Top Stories UPI Transactions for NRIs: A Comprehensive Guide Understanding...
ITC Reversal on Book Adjustments: How to Draft Reply for Response to GST Show Cause Notice [Find Format Here]
Top Stories ITC Reversal on Book Adjustments: How to Draft...
Reimbursements collected by Customs House Agents do not qualify as Taxable Service Income: CESTAT [Read Order]
Top Stories Reimbursements collected by Customs House Agents do not...
India’s GST Revenue Hits ₹1.87 Lakh Crore in October with 9% Growth
Top Stories India’s GST Revenue Hits ₹1.87 Lakh Crore in...
GST Registration Cancelled without Providing any Reason: Gujarat HC remands GST matter to AO at SCN Stage [Read Order]
Top Stories GST Registration Cancelled without Providing any Reason: Gujarat...
Capital Gains Arising Out of Sale of Long-Term Capital Assets Shall Be Taxable at Rate of 20% u/s 112 Of Income Tax Act: ITAT [Read Order]
Top Stories Capital Gains Arising Out of Sale of Long-Term...
Tamil Nadu GST Dept issues Notification on Turnover Limits for DSTOs under TNGST Provisions including 73 and 74
The Tamil Nadu GST Department has recently issued a notification...
Diwali Tax Strategies: How Much Tax Will You Pay and Smart Ways to Save
Yes, it’s that vibrant time of year again – Diwali...
Inordinate Delay of 880 Days in Re -filing Income Tax Appeal: Delhi HC rejects Condonation Plea. [Read Order]
In a recent case before Delhi High Court the condonation...
Exemption Claim to MSME Unit to File Audit Report u/s 44 AD of Income Tax Act: Orissa HC Directs Scrutiny Committee to Review Matter [Read Order]
In a recent case, the Orissa High Court directed the...
Rule 86B of CGST Rules limiting discharge of Output Tax Liability through ITC in Electronic Credit Ledger Ultra Vires HPGST Act: Himachal Pradesh HC [Read Order]
The Himachal Pradesh High Court recently observed that Rule 86B...
GST SCN Must Specify Fraud or Misstatement for initiating S. 74 Proceedings: Allahabad HC [Read Order]
In a recent ruling, the Allahabad High Court held that...
‘Gloriously Silent’ on GST Act Violations: Delhi HC quashes Registration Cancellation SCN and Order [Read Order]
The Delhi High Court in a recent judgment quashed a...
Income from Leasing IT Park Property Classifiable as Business Income: Madras HC [Read Order]
In a recent ruling, the Madras High Court upheld the...
[TAXSCAN 360] How to Pay Less Taxes: Tax Exemptions and Deductions Available for the Salaried Class
Top Stories [TAXSCAN 360] How to Pay Less Taxes: Tax...
Case digest on Deduction u/s 80 G of Income Tax Act
Top Stories Case digest on Deduction u/s 80 G of...
Supreme Court & High Courts Weekly Round-up
Top Stories Supreme Court & High Courts Weekly Round-up By...
GST Case Digest on Rejection of ITC Claims based on GSTR-2A vs GSTR-3B Mismatch
Top Stories GST Case Digest on Rejection of ITC Claims...
[TAXSCAN 360] Uncovering Hidden Income Tax Advantages for Homeowners: Deductions u/s 80C and 80EE
Top Stories [TAXSCAN 360] Uncovering Hidden Income Tax Advantages for...
CHA Not Obliged to Verify Genuineness Of IE Code For Each Import/Export Transaction: CESTAT [Read Order]
Top Stories CHA Not Obliged to Verify Genuineness Of IE...
GST Return Details Cannot be Furnished u/s 158(1) of CGST Act: CIC in RTI Matter
In a recent case, the Central Information Commission ( CIC...
ITAT Grants Registration u/s 12AB, Clarifying That S.13(1)(b) Applies Only at the Assessment Stage [Read Order]
Top Stories ITAT Grants Registration u/s 12AB, Clarifying That S.13(1)(b)...
GST on Materials and Installation of Distribution Systems not payable by DISCOM when Deposit Work Undertaken by Consumers: AAR [Read Order]
The Uttar Pradesh Authority for Advance Ruling (AAR) recently ruled...
GST Appellate Authority must consider Grounds raised in Memorandum even while Considering Appeal Ex Parte: Patna HC [Read Order]
The Patna High Court ruled that the Goods and Services...
GST Tribunal not constituted yet: Patna High Court stays recovery u/s 112(9) of BGST, Reduces Appeal Deposit to 10% [Read Order]
In a recent ruling, the Patna High Court granted relief...
CBIC issues Corrigendum to GST RCM Notification on Renting Immovable Property [Read Notification]
In a significant update, the Central Board of Indirect Taxes...
Validation of Bank Account Details in GST Portal: GSTN issues New Advisory
In a new development, the Goods and Services Tax Network...
Understanding Notice on Applicability of ITC in Export of Items Exempted from GST [Find Draft Format Here]
Top Stories Understanding Notice on Applicability of ITC in Export...
GST 2024 Amnesty Scheme Announced: Section 128A for Interest and Penalty Waiver Effective from November 1, 2024
Top Stories GST 2024 Amnesty Scheme Announced: Section 128A for...
GST Recovery and Hearing Notices ignored: Madras HC orders 25% Pre-Deposit from Cash Ledger for Fresh Consideration [Read Order]
Top Stories GST Recovery and Hearing Notices ignored: Madras HC...
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]
Top Stories GST ITC Rejected due to Claims filed beyond...
Softy Ice Cream Mix not Dairy Product, GST leviable at 18% Rate: AAR [Read Order]
In a notable ruling, the Rajasthan Authority for Advance Rulings...
GST Rule 86B Explained: Utilise 99% ITC for Output Tax Liability Discharge, at least 1% Must Be Paid in Cash
The Goods and Services Tax ( GST ) Rule 86B,...
[Breaking] Zero Rated Export Goods seized due to Missing GST E-invoice: Madras HC directs Provisional Release Subject to Proof in GSTR [Read Order]
Top Stories [Breaking] Zero Rated Export Goods seized due to...
GST ITC on Leasing Building for Schools: Madhya Pradesh HC Directs to file Appeal relying Safari Retreats Case [Read Order]
With regards to an issue of availing Input Tax Credit...
Received Income Tax Notice for claiming Section 87A Rebate on STCG? Here’s what you need to know
Top Stories Received Income Tax Notice for claiming Section 87A...
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...
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...
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...
Additional Evidences in GST Appellate Tribunal Appeal: A Guide Under Rule 112 of Central GST Rules
Top Stories Additional Evidences in GST Appellate Tribunal Appeal: A...
Tax Breaks on Insurance Premiums: GoM Assent GST Exemptions for Key Sectors
The Group of Ministers ( GoM ) which was constituted...
ITR-3 Filing: Income Tax Department Releases Latest Excel Utility for AY 2024-25
The Income Tax Department has announced the release of the...
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...
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...
Appellate Authority under CGST Act Cannot Suo Moto Enhance Tax Liability: Calcutta HC [Read Order]
In a recent case, the Calcutta High Court set aside...
Relief to OLA, DGGSTI is not Adjudicating authority: Orissa HC Stays Proceedings [Read Order]
In a recent case, the Orissa High Court stayed the...
Demand Order issued due to GST ITC claimed under wrong GSTIN by Suppliers: Allahabad HC orders fresh decision as per Circular No. 183/15/2022-GST [Read Order]
Top Stories Demand Order issued due to GST ITC claimed...
Ignorance of GST Invoice Management System might be Costly! Know Why
The Goods and Services Tax Network ( GSTN ) has...
GST DRC-01 issued for Wrong Assessment Year: Madras HC quashes Assessment Order [Read Order]
Top Stories GST DRC-01 issued for Wrong Assessment Year: Madras...
CESTAT Weekly Round-Up
Top Stories CESTAT Weekly Round-Up This weekly round-up analytically summarizes...
Mandatory or Optional? Check out the GSTR-9 Annual Return Tables
Top Stories Mandatory or Optional? Check out the GSTR-9 Annual...
Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (...
GSTN releases Offline Utility for GST Annual Return and Reconciliation Statements for FY 2023-24
Top Stories GSTN releases Offline Utility for GST Annual Return...
GSTN issues Important Advisory on IMS
The Goods and Services Tax Network ( GSTN ) has...
CGST uncovers GST Fraud of Rs. 760 crores, Arrests Two for Issuing Bogus Invoices and KYC document Misuse
The Central Goods and Services Tax ( CGST ) department...
RBI Orders Payment Service Providers to Review of Payment Systems for Improved Accessibility to Persons with Disabilities
The Reserve Bank of India ( RBI ) has issued...
Navigating GST Show Cause Notices for ITC Reversal Due to Non-Payment Within 180 Days [Find Draft Reply Format Here]
Top Stories Navigating GST Show Cause Notices for ITC Reversal...
Registration of House 24 months after Sale not ground to deny Exemptions u/s 54F: ITAT [Read Order]
Top Stories Registration of House 24 months after Sale not...
CA Loses ₹1.5 Lakh in Fraudulent Transfer after Clicking Instagram Investment Ad
A Chartered Accountant loses Rs. 1.5 lakhs in the fraudulent...
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 ruling, the bench set aside the assessment order...
CBIC notifies Introduction of GST under RCM on Supply of Metal Scrap by Unregistered to Registered Person [Read Notification]
New Notification Shifts GST Liability to Buyers, Aims to Enhance...
CBIC issues GST Rate Change Notification as per GST Council Recommendations [Read Notification]
CBIC notified GST Rate Changes on Cancer Drugs, Namkeens and...
Ex Parte GST Demand Order issued after 6 months of Post-SCN: Madras High Court sets aside Order [Read Order]
The bench observed that the absence of a personal hearing...
CBIC notifies Late Fee Waiver for GST TDS Return Form GSTR-7 for June, 2021 onwards [Read Notification]
The late fees and penalties in excess of an amount...
Supply of Metering Equipment and Ancillary Electricity Services Exempted from GST: CBIC [Read Notification]
This exemption was followed by the GST Council recommendations, where...
Affiliation Services provided to Government Schools by Educational Boards Exempted from GST, CBIC notifies [Read Notification]
The schools under the control of the Central or State...
CBIC notifies 5% GST on Helicopter Passenger Transport on Seat-Share Basis, Regularizes Past Dues [Read Notification]
The notification specifies that the transportation of passengers, whether with...
Cab Service from Driver to Passengers through Yatri Sathi App does not amount to supply by App Developer: AAR [Read Order]
The chief issue sought to be addressed by AAR was...
Interest Charges to be Treated as Inward Supply for Calculating 80% Threshold Limit under GST: AAR [Read Order]
The primary question posed by the Applicant pertained to the...
5% GST Applicable on Supply of Aggregates made from Boulders: AAR [Read Order]
The Authority for Advance Ruling (AAR), Andhra Pradesh ruled in...
Responsibilities of Principal Auditor and Other Auditors in Group Audits: NFRA issues Circular [Read Circular]
In group audits, where companies have subsidiaries, branches, and associates,...
PCCIT’s or Director General’s Approval required for Income Tax Reassessment Post 3 Year Time Limit: ITAT [Read Order]
Recognizing the AO’s mistake in getting the approval, ITAT quashed...
Extended Time Limit for Employers for TDS Deposits from Oct 1, 2024: Here’s Why Employees need not Worry
While this move provides more flexibility to companies, it raises...
Two GST SCN for same AY issued by different Officers, Leading to Non-reply to one SCN: Madras HC directs to Issue Fresh Order [Read Order]
Considering the submissions, the bench found that the failure to...
41% disputed GST recovered without Providing Hearing opportunity: Madras HC sets aside Demand Order [Read Order]
Given that a major portion of the tax had already...
Late Application for Registration u/s 80G(5) withdrawn: ITAT directs CIT(E) to consider Fresh Application [Read Order]
Following the extension provided by CBDT Circular No. 7/2024, the...
Withdrawal of Rs. 2000 Notes: RBI issues Status Update, says “₹2000 banknotes continue…”
RBI reports that 98% of ₹2000 banknotes in circulation have...
SEBI introduces New Rules on Nomination for Demat and Mutual Funds: All You Need to Know
These changes, which impact the process of nominating beneficiaries, are...
SCN under CGST Act Issued on Wrong Address: Gauhati HC sets aside Order passed In Violation of Natural Justice Principle [Read Order]
The Court viewed that the impugned order dated 25.11.2022, was...
No Intention to Evade Service Tax Payment: CESTAT quashes invocation of Extended Limitation against Manpower Recruitment/Supply Agency [Read Order]
The issue involved in the case is no longer res-integra,...
Delhi HC Quashes blocking of ‘Electronic Credit Ledger’ under Rule 86A in excess of available GST ITC [Read Order]
Rule 86A applies only to the credit available in the...
Denial of ITC on Construction of Immovable Property: Supreme Court to pronounce Final Verdict Tomorrow in Safari Retreats Case [Read Order]
The general understanding has been that ITC on goods and...
Availment of Both GST ITC and Depreciation on Capital Goods: Here’s How to Draft Reply to GST Notice [Find Format Here]
Specific provisions within the Central Goods and Services Tax (CGST)...
Leasing/Renting/Hiring of Motor Vehicles for Transportation of Night-shift Women Employees Eligible for GST ITC: AAR [Read Order]
The Applicant sought the Advance Ruling in light of the...
GSTN releases GST Revenue Gross, Net Collection Data for September 2024
The data shows a 6.5% year-on-year increase compared to the...
Decoding Gandhi’s Philosophy on Taxation: A Beacon of Justice and Equity
On this Gandhi Jayanti, let us recommit ourselves to the...
CBDT issues Procedure for Declaration and furnishing Undertaking for Direct Tax Vivad Se Vishwas Rules, 2024 [Read Notification]
CBDT has issued the procedure for filing declarations under the...
Bengaluru Court Orders FIR against Finance Minister Nirmala Sitharaman Over Alleged Extortion Linked to Poll Bonds
The complaint says that the scheme was exploited to accumulate...
Minimum 7-Day Must Be Given to Respond to Notice issued u/s 148A(b) of Income Tax: Karnataka HC [Read Judgment]
The court found that the inadequate response time violated the...
“Special mention derogates from General”: CESTAT upholds Reclassification of AC Remote Components [Read Order]
Gist: Specific Mention takes Priority over General ones, CESTAT Supports...
Nationalized Banks now liable for Minimum Alternate Tax after 2012 Income Tax Amendment: ITAT [Read Order]
The Tribunal observed that the 2012 Finance Act amendment clearly...
Relief to Ericsson: Supreme Court upholds deletion of ₹64.43 Cr Penalty u/s 271G of Income Tax Act [Read Judgement]
The Supreme Court upheld the Delhi High Court’s ruling, deleting...
Madras High Court sets aside Income Tax Assessment Order passed hastily without considering Taxpayer’s submission amidst approaching deadline [Read Order]
Considering the assessing officer hastily completed the assessment without considering...
Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC [Read Order]
In the case, State of Jammu and Kashmir vs. Caltex...
364 Days Delay in Filing Appeal Due to Pursuit of Alternative Remedy u/s 119 of Income Tax Act: ITAT Condones Delay [Read Order]
The tribunal observed that the delay was due to bona...
GST Council recommends Rectification Process for ITC Orders u/s 73, 74, 107, and 108; Circular to Address ITC Issues
Wrong availment of Income Tax Credit lead to the decision...
Tax Audit Report Rejected Over Unsigned Schedule and Annexures by CA Partner: Karnataka HC grants Opportunity to Establish Report’s Authenticity [Read Order]
The petitioner was granted liberty to present additional evidence, which...
GST Dept Wrongly Cancelled Registration Despite Reply to SCN: Karnataka HC Directs to Restore in 4 Weeks [Read Order]
The court noted that this error warranted setting aside the...
54th GST Council Meeting: Changes/Clarifications in GST Rates of Services
Gist: The 54th GST Council Meeting clarified various changes on...
GST Council to issue Clarification Soon on ITC Availability on Demo Cars for Dealers of Vehicle Manufacturers
Currently, the GST law allows businesses to claim ITC on...
SCN Fails to Provide Specific Details on Alleged Fraud or Misstatement: Delhi HC Sets Aside GST Registration Cancellation [Read Order]
The SCN failed to provide specific allegations of fraud, misstatement,...
Bombay HC quashes Provisional Attachment passed w/o Written Order [Read Order]
Bombay High Court Requires Written Orders for Provisional Attachment to...
Income Tax Department issues Refund Failure Notices for the reason “PAN not linked with Bank Account”
This issue has sparked frustration among taxpayers, many of whom...
Delhi HC dismisses Petition Challenging Bail in Rs.200 Crore fake GST invoice Case: Statutory Bail u/s 167 Recognized as Constitutional Right [Read Order]
The Delhi HC observed that Section 167(2)(a)(ii) of the CrPC...
54th GST Council Recommends to prospectively Omit rule 96(10), rule 89(4A) & rule 89(4B) from CGST Rules, 2017
Where benefit of the specified concessional/ exemption notifications is availed...
GST Council Proposes New Rule 164 in CGST Rules, Enables Waiver of Interest and Penalty for FY 2017-2020 Tax Demands
The GST Council has recommended inserting Rule 164 into GST...
Big Update: GST Council Recommendas B2C e-Invoicing to Enhance Retail Efficiency
It would also provide an opportunity to the retail customers...
Recipients of Metal Scraps Liable for Tax under RCM Even if Supplier is Below GST Threshold, 2% TDS Apply: FM
The recipient of the metal scrap—who is a registered entity—will...
ITAT Reverses Addition made Solely based on Survey Statement u/s 133A without Corroborative Evidence [Read Order]
Considering the addition made without any corroborative evidence, ITAT reversed...
GSTN launches new IMS Feature in GST Portal enabling Easy Invoice Corrections and Accurate ITC claims w.e.f. October 1st 2024
The GSTN officially confirmed the launch of this feature through...
Torn Papers alone not Sufficient to Prove same Represents Unreported Sales: ITAT Orders Re-adjudication [Read Order]
The tribunal noted that there was no corroborative evidence to...
Vi receives Rs. 73 Crore GST Demand from Multiple GST Offices
The highest demand was issued by Assistant Commissioner, Large Taxpayer...
Tamil Nadu GST Department Releases Guidelines for Adjudication under GST Act [Read Circular]
The aim of issuing circular is to improve the quality...
GST Officer coerces Directors to Deposit Rs.22L from Personal Account to Company’s Credit: Delhi HC directs to apply for Refund [Read Order]
GST Officer forced the Director of petitioner companies to withdraw...
Irregularities in Audit Memo issuance do not Affect validity of GST SCN: Delhi HC [Read Order]
The SCN could not be quashed solely based on the...
Jurisdictional AO and Faceless AO cannot exercise Concurrent Jurisdiction to issue Notice u/s 148: Bombay HC underlines purpose of Faceless Mechanism [Read Order]
The High Court reiterated that the ‘Faceless Assessment Mechanism’ was...
GST Return Filing September Changes: Table B2CL, Bank Account Mandate and More You Need to Know
Effective September 1, 2024, GSTR-1/IFF submissions will be restricted if...
New Income Tax Act Update: CBDT forms Review Committee
The primary objective of the committee is to review and...
GST Registration Cancelled due to Non Filing of Returns: Calcutta HC Directs to Restore Cancellation in Absence of Dubious Act [Read Order]
The court viewed that the respondents should take a pragmatic...
No Penalty/Interest Pre-Deposit Mandate on Local Body Tax Appeals: Bombay HC [Read Order]
Taxpayer need not Deposit penalty/ interest Amount to entertain Local...
Lower Authorities passed Orders Overlooking SC Precedents: ITAT directs AO to Reconsider 80P deduction under Income Tax [Read Order]
The tribunal noted that crucial Supreme Court rulings on Section...
GSTR Filing delayed due to Ill-Health: Madras HC grants Firms 45 Days to Reclaim Cancelled GST Registration [Read Order]
The court directed the petitioners to file the necessary tax...
CIT(A)’s Non-Speaking Order denies Assessee Fair Hearing: ITAT directs Reassessment [Read Order]
The tribunal noted that the Assessee had not been given...
Appeal Before CIT(A) cannot be dismissed on Technical Grounds without Sufficient Reason for Non-Payment of Advance Tax: ITAT [Read Order]
The tribunal found that the assessee provided a valid explanation...
ITAT Condones 288-Day delay due to Notices sent to Wrong Email ID, Remands Stock undervaluation matter to CIT(A) [Read Order]
Considering the delay caused due to notices being sent to...
Jharkhand HC upholds GST ITC Time Limit u/s 16(4) and GSTR 3B validity under Amendment to Rule 61(5) of CGST Act [Read Order]
Jharkhand HC dismisses M/s Rewinder Techno Electricals’ challenge to GST...
ITAT invalidates Reassessment under Income Tax Act as Alleged Transaction already shown on Return Filed: Calcutta HC dismisses Appeal [Read Order]
The court upheld the Tribunal’s view that the reopening of...
“Aadat” Margin Doesn’t Qualify as Commission for any service: CESTAT
CESTAT observed that Aadat is nothing but a trade profit...
ITAT quashes Income Tax Notice & Order issued by AO u/s 148 without Jurisdiction [Read Order]
The assessment was reopened via notice u/s 148 of the...
Consultant’s Failure to Inform Petitioner of SCN on Portal : Calcutta HC Sets Aside u/s 73 (9) CGST Act, Remands Case for Fresh Consideration [Read Order]
Consultant’s failure to inform petitioners of Show Cause Notice on...
Capital Gain Exemption Shall Not Be Denied Merely Due To Claim Made Additionally: ITAT [Read Order]
Considering the same circumstances and issues as those decided in...
Oil in Bunker Tanks of Engine Room is part of Ship for Customs Duty Determination: CESTAT [Read Order]
Appellant imports old and used ships for breaking The Customs,...
Failure to consider Total TDS deducted and Deposited: Delhi HC directs AO to grant TDS Credit in Compliance of ITAT’s direction [Read Order]
AO failed to account for the total TDS that had...
Sale Value inclusive of Freight outward for Excise duty Assessment: CESTAT [Read Order]
The case involved M/s Kangaro Industries Ltd, a company engaged...
Loan Arrangement Services to Bank liable to Service Tax on Gross Commission to DMAs: CESTAT [Read Order]
The central issue was whether service tax should be calculated...
Unprocessed ITR even a month after Filing Due Date? Know the Time Limits for Refund and Processing
If your ITR is among those that remain unprocessed, you...
No Concrete Evidence on Record for Cash Transaction Limit Violation: ITAT directs AO to delete Income Tax Penalties [Read Order]
These penalties were linked to allegations that the petitioner accepted...
Venture Capital Trust not a Juridical Person: Karnataka HC quashes Service Tax Demand
The Karnataka High Court collectively disposed of 31 Appeals through...
Justice Should Not only be Done but also Appears to be Done: ITAT Remands Disallowance of Purchases Matter to AO for Verification [Read Order]
Considering AO’s improper verification and not providing adequate opportunity for...
Deputy Commissioner can Block GST ITC under Rule 86A: Orissa HC rejects Petition Challenging Jurisdiction [Read Order]
The Central government’s GST circular can only be applicable to...
GSTN issues Advisory for Biometric Aadhaar Authentication and Document Verification of GST Registration Applicants of Dadra and Nagar Haveli and Daman and Diu and Chandigarh
Under the amended Rule 8 of the CGST Rules, 2017,...
Rejection of Cancellation Application and Cancellation later ab Initio: Delhi HC limits Retrospective Effect of GST Registration Cancellation [Read Order]
Notably, the SCN did not propose the retrospective cancellation In...
GST Commissioner can Designate Proper Officers for Assessment under TNGST Act: Madras HC [Read Order]
The GST Act requires that assessments be conducted by a...
SIT to Submit Interim Report on Black Money to Supreme Court in two weeks
The SIT, which was constituted under the directive of the...
IT Dept issues Summons to NRIs for Foreign Assets, Residency Status Proof
The summons typically demand information about the year of opening...
Mumbai Bizman loses ₹1.3 Cr as “GST” to Fraudster impersonating CA
The fraudster used GST Registration documents to open fictitious companies...
DGFT issues Trade Notice on API Integration and Bulk Upload Facility for Self-Certification of eBRC[Read Order]
Exporters can utilise bulk upload and API integration for eBRC...
Assessee can Apply for Registration u/s 80G(5)(iii) Within 6 Months After commencement of activity: Calcutta HC Upholds ITAT’s Order [Read Order]
The Court dismissed the petition in absence of questions of...
Tax on Education? GST Demand on IIT-Delhi Research Grants raises Eyebrows
The notice, demanding Rs 120 crore in GST on research...
GST Appeals already filed in APL-01: Kerala State GST Department permits Manual Filing of APL-03 if Online Filing Fails [Read Notification]
To appeal against the same order, the stakeholders are required...
Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]
The court upheld the decision of CIT(A) and held that...
Marketing and Promotion Activities for FPCs Not Subject to Service Tax as Business Auxiliary Service: CESTAT [Read Order]
The activities undertaken by the appellant under the agreements with...
Indian Tax System Before Independence: Here’s the History for You
Understanding the evolution of taxation in India before independence provides...
Incentive Commission by Air Travel Agent From GDS/CRS Companies and From Airlines is not liable to Service Tax: CESTAT [Read Order]
Incentives and commissions received by Air Travel Agents from GDS/CRS...
CBDT exempts State Legal Service Authority Union Territory Chandigarh from Income Tax u/s 10(46) [Read Notification]
The Central Board of Direct Taxes (CBDT ), vide notification...