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Search results for: tax liability

5 TDS Provision Changes in Budget 2024

5 TDS Provision Changes Impacting Taxpayers Post-Budget 2024

Individuals who are accountable for making payments like salary, commission, interest, professional fees, rent, and other specified categories are mandated to deduct TDS (Tax Deducted at Source) before making the disbursement under the norms mentioned in the Income Tax Act. Also, it is obligatory to ensure the remittance of the TDS amount deducted to the […]

Madras HC's Order In Case of Tvl. Slitina Metal Sales LLP Vs Assistant Commissioner

Madras HC: GST liability Can’t Be Levied for Unrequested Legal Documents

The Madras High Court in a case held that the GST obligation confirmed for non-providing of documents not asked in the SCN ( Show Cause Notice ) is not valid. The court remanded the case for reconsideration. The bench of Justice Senthilkumar Ramamoorthy noted that concerning the second issue, the tax proposal was confirmed on […]

Madras HC's Order in Case of M/s. Jai Maa Engineering Co Vs. The State Tax Officer

10% Pre-Deposit Due to Lack of Evidence: Madras HC Remands GST Liability Order for Reconsideration

The Madras High Court remanded the order validating the GST obligation as of the failure to provide oral or document proof. The case was remanded for reconsideration on 10% pre-deposit. The applicant/taxpayer Jai Maa Engineering Co. has claimed that they were not aware of the proceedings directing to the impugned order since all the communications […]

Madras High Court's Order in the Case of Tvl. K.V.M. Textiles vs. the Deputy State Tax Officer

Madras HC Directs Re-consideration of GST Liability as Sales T.O. Believed to Be 110% of Purchase T.O.

The Madras High Court in a ruling ordered reconsideration of the GST ( Goods and Services Tax ) liability confirmed on proceeding on the assumption that the sales turnover shall be 110% of the purchase turnover. The taxpayer K V M Textiles, claimed that they were not informed of the proceedings, as the show cause […]

Gujarat GST AAR's Order for M/s. Vijai Electricals Ltd.

Gujarat AAR: GST Liability Arises on Advance Amounts Received Against Supply Portion of a Work Contract

The GST is liable to get paid in advance obtained against the supply concerning the work contract, The Gujarat Authority of Advance Ruling (AAR) ruled. The turnkey contract entered into by the applicant has been ruled to be a work contract, remarked by the bench of Amit Kumar Mishra and Milind Kavatkar. The petitioner is […]

GST Notification No. 12/2024 – Central Tax for GSTR 3B Table 6.1

CBIC Dept. Updates Table 6.1 of GST Return Form 3B for Adjustments Prior Negative Liability

To include the ‘Adjustment of negative liability of previous tax period’ for Reverse Charge and supplies under Section 9(5) of GST Act and other than Reverse Charge and supplies made under Section 9(5) of GST, the Central Board of Indirect Taxes and Customs (CBIC) has revised Table 6.1 of the GSTR 3B. From a new […]

Madras HC's Order in Case of Yesem Marketing Vs Deputy Commercial Tax Officer

Madras HC Allows Contesting GST Liability with a 10% Pre-deposit on Non-response to SCN

GST obligation due to non-response to SCN: HC furnishes the opportunity to challenge tax demand on merits with a 10% pre-deposit The Madras HC in a ruling addressed a significant matter by engaging Yesem Marketing and the Deputy Commercial Tax Officer concerning Goods and Services Tax (GST) liability. Based on the allegation of the violation […]

Delhi ITAT's Order in the Case of Suchi Agrawal Versus ITO

Delhi ITAT: Not Compulsory to Submit Form 67 to Avail FTC (Foreign Tax Credit)

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has ruled that submission of Form-67 is not obligatory to claim foreign tax credit (FTC). The bench of Sudhir Pareek (Judicial Member) and S. Rifaur Rahman (Accountant Member) has marked that filing Form-67 is a procedural or directory provision and is not a compulsory requirement. Thus, […]

Madras HC’s Order In Case of M/s.Crystal Granites Vs. The Assistant Commissioner (ST)

Madras HC Orders 10% Pre-Deposit Reconsideration Due to GST Liability Mismatch (GSTR 3B vs GSTR 2A)

A reconsideration of the matter has been ordered by Madras HC on a 10% pre-deposit condition concerned with the mismatch between GSTR 3B and GSTR 2A, following a failure to respond to the Show Cause Notice ( SCN ). The applicant, Crystal Granites contested the order because the show cause notice and the impugned order […]

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