• RECENT DEVELOPMENTS IN GST

  India s economic growth forecast for financial year 2023 has been retained at 6.7% by Moody s followed by 6.1% in financial year 2024 and 6.3% in financial year 2025. There is a rider that inflation i... ...

• 2023 (11) TMI 875 - MADRAS HIGH COURT

  Cancellation of GSTIN registration of the petitioner - cancellation on the presumption that the petitioner has not commenced any business - HELD THAT:- This Court is of the considered view that lookin... ...

• Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline fo.....

  - - - Dated:- 10-11-2023 - 1) Amnesty for Taxpayers: The GST Council, in its 52nd meeting, recommended granting amnesty to taxpayers who couldn't file an appeal under section 107 of the CGS... ...

• 2024 (2) TMI 101 - ITAT MUMBAI

  Disallowance of mark to market losses - AO held that the mark to market losses claimed are in the nature of liability that is not crystallized and, therefore, cannot be claimed as a deduction as busin... ...

• 2023 (11) TMI 213 - MADRAS HIGH COURT

  Validity of recovery notice - notice issued seeking recovery without even serving a copy of the assessment order - violation of principles of natural justice - availing of ineligible Input Tax credit ... ...

• GST Portal Changes – Electronic Credit Reversal and Re-claimed Statement

  GST is well known for its frequent amendments, leaving the businessman always guessing what has changed and what implications it has for his business. These amendments are relating, not only to the le... ...

• 2023 (11) TMI 390 - ITAT DELHI

  TDS u/s 195 - disallowances u/s 40(i)(a) - payments made to Dubai Leading Technologies - whether India-UAE DTAA has no clause on Fee for Technical Services? - HELD THAT:- We do not find any infirmity... ...

• Procedure for Lower TDS u/r 28AA streamlined; Consumption Statement to be available online to deductors

  For grant of certificate for TDS at lower rate or no TDS u/s 197(1) of the Income-tax Act , the Proviso to Rule 28AA (4) was notified vide Notification No. 74/2018 dated 25-10-2018 , as under- ... ...

• 2023 (10) TMI 864 - TELANGANA HIGH COURT

  Demand of interest - delayed filing of GSTR-3B returns - illegal suo moto migration effected by the respondent-Department - HELD THAT:- There is no dispute with regard to the directions issued by this... ...

• 2024 (1) TMI 44 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHI

  CIRP - Interpretation of statute - right of Operational Creditor to seek a copy of the information memorandum - Operational Creditor is merely a participant in the CoC and not a member. HELD THAT:... ...

• 2023 (10) TMI 413 - CALCUTTA HIGH COURT

  Condonation of delay of 9 months in filing appeal - time limitation - principles of natural justice - HELD THAT:- Considering the facts and circumstances of the case and the specific averments made i... ...

• 2023 (10) TMI 101 - ALLAHABAD HIGH COURT

  Detention of goods in transit - GST registration of purchaser / petitioner had been cancelled - petitioner has opted for composition scheme - HELD THAT:- Once the fact of composition is not disputed ... ...

• Procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its proviso o.....

  F. No. CPC(TDS)/ 197 Certificate/Annex-II/2023-24 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi ... ...

• IECs with PFMS Account Status appearing As Rejected – reg.

  OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-II), DRAWBACK SECTION, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA-URAN, DISTRICT-RAIGAD, MAHARASHTRA- 400707 E-mail: drawback.jnch@gov.... ...

• How to file ITR of last 3 Years?

  Missed deadline of filing your ITR? No worries Yes, Its possible to file ITR of last 3 years through ITR U form What is ITR U ITR U is the updated income tax return form introduced by the G... ...

• 2023 (9) TMI 390 - DELHI HIGH COURT

  Best judgment assessment - draft assessment orders and final Assessment Orders AO recorded that no reply to the notice u/s 142(1) was submitted by the petitioner/assessee - HELD THAT:- Firstly, it se... ...

• 2023 (9) TMI 252 - ITAT BANGALORE

  Income taxable in India - taxability of foreign income in India - receipts from the Indian customers as subscription revenue - Royalty u/s 9(1)(vi) of IT Act and also u/A 12(3) of the tax treaty bet... ...

• penality for typing error in e way bill

  Sir Goods for export were sent to Buyer in Gujrat by Partnership firm, but in Invoice buyer name was mentioned but port Kandla for delivery was not mentioned. Same was in EWB. In the transport recei... ...

• 2023 (8) TMI 1323 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , CHENNAI

  Change in date of default - application filed by the Financial Creditor is hit by Section 10A of IBC or not - It is submitted that the date of default (30.04.2020) occurs during the period from 25.03.... ...

• Revocation of their Customs Broker Licence - allowing others to use its password / logins and allowing...

  Revocation of their Customs Broker Licence - allowing others to use its password / logins and allowing to misuse of IEC of another person, to smuggle huge value of cigarettes - The violation of the CB... ...

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