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The Bombay High Court, concerning the clash between the procedural compliance and substantive tax credit under the GST transition, ruled that the manual revisions to pre-GST returns cannot be rejected only because electronic filing was unavailable. An order of the Deputy Commissioner, CGST Raigad, which had rejected M/s. Johnson Matthey Chemicals India Pvt. Ltd., the […]
In the absence of a valid show cause notice and the denial of an opportunity to be heard, the Bombay High Court has quashed the Goods and Services Tax (GST) refund recovery. Under the GST regime, Power Engineering (India) Pvt. Ltd. is a registered EOU and is in the business of production and export of […]
The Bombay High Court citing CBIC Notification No. 56/2023-Central Tax dated December 28, 2023, which extended the deadline for issuing show cause notices (SCNs) and orders, granted an interim stay on the garnishee notice. The State Tax Officer, Thane Division, Thane (Respondent No. 3) issued a Garnishee GST Notice in Form DRC-13 dated February 14, […]
The Bombay High Court in a judgment dated [date], provided a ruling for the matter of CEAT Limited versus the Commissioner of Income Tax (CIT). The case is concerned with the interpretation and application of Section 244A of the Income Tax Act, 1961, specifically regarding the entitlement to interest on refunds due to taxpayers. Case […]
A reassessment order against a housewife when the alleged investment was made by her husband has been quashed by the Bombay High Court. The bench of Justice K. R. Shriram and Justice Neela Gokhale has noted that “We also have to notice that, surprisingly, the Principal Chief Commissioner of Income Tax has also accorded sanction […]
The Bombay High Court permitting the assessee to correct Form TRAN-1, rendered the department to acknowledge the problem of whether Form TRAN-1 and other forms that will be furnished or corrected by the applicant would be entertained as per the provisions of section 140 of the Central Goods and Services Tax Act, 2017 and Rule […]
In response a petition filed by builders and developers, the Bombay High Court has decided that goods and services tax (GST) would be leviable on the one-time premium of a long-term lease of 30 years or more, as it is treated as a ‘supply’ under the GST law.
In a bid to rescue India’s largest and most comprehensive tax structure i.e. the goods and services tax, the Bombay high court recently heard a petition which was going against the new indirect tax system.
GST was touted as a Good and Simple tax for the people. However, six months down the line traders continuously complain that the accounting and return filing cost have doubled. The GST council as well as the government claims of:
