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The Haryana Government has announced its intention to set up the Goods and Services Tax Appellate Tribunal branches in Gurugram and Hisar. This decision was communicated through a press release issued in conjunction with the inauguration of the One-Time settlement scheme on December 31, 2023. According to the Press Release, the Following is Stated “Responding […]
In a significant legal judgment, the Gujarat High Court emphasized that companies involved in the development of infrastructure projects, such as roads and canals, are eligible for deductions under Section 80IA(4) of the Income Tax Act, 1961. The respondent, a Private Limited Company engaged in construction activities and infrastructure development projects like irrigation canals and […]
The Allahabad High Court ruled that a minor typographical error in the e-way bill without any other material establishing an intention to evade tax shall not draw a penalty under Section 129 of the Goods and Service Tax Act, 2017. Placing reliance on the decision of Allahabad High Court in M/s. Varun Beverages Limited v. […]
The Competition Commission of India received a welcome relief as GST authorities dropped a demand for ₹7.08 crore in service tax. The ruling clarified that the regulator isn’t required to register for service tax, negating any liability for the tax. The breakdown of the ₹7.08 crore demand includes ₹6.78 crore for service tax, along with […]
A demand notice of Rs 1.45 lakh cr has been issued to nearly 1500 businesses in December by the Goods and Services tax authorities. Because of the inconsistencies in annual returns and input tax credit claims for the financial year 2018, the notices were issued as per the officials. Due to the last date for […]
The addition made by the AO has been deleted by the Delhi Bench of Income Tax Appellate Tribunal (ITAT) as there cannot be a sale without a purchase. The bench Saktijit Dey (Vice President) and Pradip Kumar Kedia (Accountant Member) pointed out that excluding purchases from trading results without also excluding the sales isn’t fair […]
No service tax is chargeable under security agency services, the Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled. Only due to the police charging a fee, it shall not become “a person committed in the business of furnishing the security” and, hence, no service tax can be charged, the bench of […]
Section 16(4) of the Goods and Services Tax (GST) is the attractive provision permitting assessees to avail the ITC lessening the cascading effect that is in the VAT regime which came with the influential catches and setbacks levied in the form of the conditions to be fulfilled transferring the vested ITC nature to a conditional […]
Over the last four and a half years, Gujarat has seen a staggering 515% surge in Goods and Services Tax (GST) evasion. This sharp rise may be attributed to subpar compliance or a heightened detection of counterfeit billing schemes. Parliament was presented with data from the Union finance ministry indicating Gujarat’s reported evasion of Rs […]