Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
A significant ruling by the Allahabad High Court has clarified that GST authorities do not have the power to initiate proceedings under Section 73 to levy tax on payments received post-GST if the work was actually completed during the VAT regime. The Context: In this specific case, the petitioner, who works under a work contract, […]
The Madurai Bench of the Madras High Court has determined that a best judgment assessment issued to a non-filer under Section 62 of the Tamil Nadu Goods and Services Tax Act, 2017, is automatically withdrawn upon the submission of a valid return by the registered taxpayer, regardless of whether this submission occurs beyond the stipulated […]
The Allahabad High Court ruled that goods transported with a valid and authentic GST e-way bill cannot be detained or seized. The Court strongly criticised the department for subjecting a registered taxpayer to unnecessary litigation despite full compliance with GST requirements. The applicant, M/s Prostar M Info Systems Limited, is supplying UPS systems, batteries, and […]
The reassessment notice issued u/s 148 of the Income Tax Act, 1961, has been quashed by the Bombay High Court, citing that the reassessment notice did not comply with the mandate that the Faceless Assessing Officer only has the jurisdiction to reopen the assessment and not the Jurisdictional Assessing Officer. Also, even international taxation matters […]
Managing payroll may seem like a simple monthly task, but even a small mistake can lead to serious penalties, compliance issues, and financial losses for a business. Startups and large enterprises should constantly steer towards changing tax laws, statutory requirements, and employee regulations. Accurate and timely payroll processing must be ensured for employee satisfaction and […]
The Allahabad High Court, in a ruling, held that u/s 130 of the Central Goods and Services Tax Act, 2017, the proceedings dealing with confiscation of goods cannot be invoked only because excess stock is encountered in a survey. The court held that where stock discrepancies emerge, the appropriate statutory method is Section 73 or […]
The Supreme Court clarified that Chartered Accountants do not need a minimum of 25 years of experience to be considered for appointment as technical members in tribunals, including the Income Tax Appellate Tribunal (ITAT). The clarification has arrived from a Bench led by Chief Justice of India BR Gavai and Justice K. Vinod Chandran, after […]
The Delhi High Court, in a case involving retrospective cancellation of registration despite an amended place of business, directed that “the GST Department may re-inspect the petitioner’s new premises and obtain a physical inspection report”. The Division Bench, including Justice Prathiba M. Singh and Justice Shail Jain, cited that the officials of the GST Department […]
The applicant is a trader transporting goods dated 21.12.2021, a tax invoice was issued, but because of a technical glitch, the e-way bill cannot be generated quickly. The e-way bill was generated at 10:59 AM on 21.12.2021. On the same the vehicle was intercepted by the GST Mobile Squad at 11:29 AM. The e-way bill […]
