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ADDITIONAL GROUNDS OF APPEAL AND ORDER IN APPEAL IN GST
Additional grounds of Appeal [ Section 107(10) ] As per section 107(10) of the CGST Act, 2017 , the appellate authority may, at the hearing of an appeal, allow an appellant to go into any ground of ap... ...
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Know the Challenges and Issues with GST
Introduction The Goods and Services Tax (GST) was implemented in India On July 1st, 2017, as an indirect tax. A single tax system took on the role of several different taxes, including value-added tax... ...
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Administration of specified intermediaries
1 [ 38A. Notwithstanding anything contained in these regulations, with the approval of the Board, the activities of administration and supervision over specified intermediaries may be carried out by ... ...
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Savings
1 [ 30A. Prior to the commencement of the Securities and Exchange Board of India (Investment Advisers) (Amendment) Regulations, 2024, any action taken or purported to have been taken or any action th... ...
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Dissolution Period
1 [ . 29B . (1) A scheme of an Alternative Investment Fund may enter into a dissolution period in the manner and subject to such conditions as may be specified by the Board. (2) The scheme entering in... ...
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Validity of Service of notice u/s 74(5) instead of u/s 74(1) of CGST / UPGST Act, 2017 - Non-payment of...
Validity of Service of notice u/s 74(5) instead of u/s 74(1) of CGST / UPGST Act, 2017 - Non-payment of Tax / GST - The High Court observed that while a notice was issued to the petitioner under Secti... ...
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Levy of penalty - the e-way bill had expired one hour fifteen minutes prior to interception - The High...
Levy of penalty - the e-way bill had expired one hour fifteen minutes prior to interception - The High Court acknowledged that while the e-way bill had expired, the goods were accompanied by the neces... ...
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Ex-parte order - Quantification of Liability - intention of evade GST - improper accounting of goods -...
Ex-parte order - Quantification of Liability - intention of evade GST - improper accounting of goods - The High court agrees with the petitioner's contention regarding the impermissibility of quantify... ...
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Calculation of Tax Liability based on subsequent year's Balance Sheet - non-service of SCN - Obligation...
Calculation of Tax Liability based on subsequent year's Balance Sheet - non-service of SCN - Obligation to monitor GST Portal - The High Court found merit in the petitioner's argument regarding the in... ...
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Validity of assessment orders - The High court examined the timeline of events and observed that the...
Validity of assessment orders - The High court examined the timeline of events and observed that the petitioner responded to the show cause notice in January 2024. However, the respondent authority di... ...
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Levy of penalty u/s 271(1)(c) - The Tribunal found no justification for imposing a penalty as the...
Levy of penalty u/s 271(1)(c) - The Tribunal found no justification for imposing a penalty as the assessee had sufficient cash balances and transparently recorded the land purchase in the books, suppo... ...
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Penalty proceedings u/s 270A - under reporting of the income - The Tribunal noted that the issue of...
Penalty proceedings u/s 270A - under reporting of the income - The Tribunal noted that the issue of depreciation on mining rights was debatable, supported by various judicial precedents favoring the a... ...
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WRONG FIXATION OF FEES PAYABLE TO INTERIM RESOLUTION PROFESSIONAL
In M/S STATE TRADING CORPORATION OF INDIA LIMITED VERSUS MR. DEVINDER ARORA, ERSTWHILE INTERIM RESOLUTION PROFESSIONAL, MR. RAKESH PRASAD KHANDELWAL, LIQUIDATOR OF SPACEVISION IMPEX PVT. LTD, M/S IDBI... ...
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MANNER OF FILING APPEAL BY COMMISSIONER
Manner of filing Appeal by Commissioner [ Rule 109 of CGST Rules, 2017 ] At times, the Department itself is not in agreement with the decision or order passed by the (initial) adjudicating authority o... ...
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Recovery proceedings not to be initiated against the former director of the Company who was not the director during the .....
The Hon ble Bombay High Court in the case of PRASANNA KARUNAKAR SHETTY VERSUS STATE OF MAHARASHTRA, COMMISSIONER OF STATE TAX, MUMBAI, STATE TAX OFFICER - 2024 (4) TMI 779 - BOMBAY HIGH COURT allowed ... ...
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RBI invites comments on the Draft Circular on “Digital Lending – Transparency in Aggregation of Loan Products from Multi.....
- - - Dated:- 27-4-2024 - In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated December 08, 2023 regarding issuance of a regulatory framework for aggre... ...
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Important Update: Enhancement in the GST Portal
- - - Dated:- 27-4-2024 - Dear Taxpayers, 1. GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is to improve user experience and ensure... ...
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Penalty proceedings u/s. 271(1)(b) - non-compliance with the 3 notices u/s. 142(1) - Delay in late...
Penalty proceedings u/s. 271(1)(b) - non-compliance with the 3 notices u/s. 142(1) - Delay in late response as per date mentioned in notice - The Tribunal found merit in the assessee's explanations fo... ...
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Validity of reopening of assessment u/s 147 - Reason to believe - Addition u/s 69C on account of the...
Validity of reopening of assessment u/s 147 - Reason to believe - Addition u/s 69C on account of the capital introduced by the partner and unsecured loans - The Tribunal upheld the validity of the rea... ...
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Rejecting registration u/s 12A(1)(ac)(iii) - name mismatch between the certificate of registration...
Rejecting registration u/s 12A(1)(ac)(iii) - name mismatch between the certificate of registration issued by the Charity Commissioner, Vadodara and the PAN database - The Tribunal agreed with the appe... ...