Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
GST shall be assessed on the export of pre-packaged and labelled rice up to 25 kg to foreign buyers, Andhra Pradesh Authority of Advance Ruling (AAR) held. The bench of K. Ravi Sankar and B. Lakshmi Narayana noted that the ultimate buyer is away and the commodity is being pre-packed for an unknown ultimate buyer. […]
The Income Tax Appellate Tribunal (ITAT) Chennai in a ruling has dismissed the appeal by the Revenue (Assistant Commissioner of Income Tax) and the Cross Objections by the assessee, Prakash Ferrous Industries Private Limited, against the order of the Commissioner of Income Tax (Appeals) 18, Chennai on 23.03.2023 for the assessment year 2020-21. The Foundation […]
The Hon’ble Madras High Court in the case of K.S. Janarthanam v. Deputy State Tax Officer [W.P. No. 1848 of 2024 on January 31, 2024] disposed of the writ petition, hence holding that, a 100 per cent penalty could not get levied if an SCN is issued under Section 73 of Tamil Nadu Goods and […]
The Directorate General of Goods and Services Tax Intelligence (DGGI) has commenced an investigation into tax evasion of ₹850 crores in 2020-21 and 2021-22 through certain large commercial coaching centres and can issue show cause notices to them, expressed officials. The scrutiny is concerned with the misdeclaration of the number of registrations and not paying […]
The Madras High Court directed the Goods and Services Tax Appellate Authority to regard a GST petition on merits, following the appellant’s illness, which resulted in a delay of 144 days, beyond the condonable delay of 120 days. The petitioner contested the order insofar as the levy of penalty and interest under Section 73(9) and […]
The Income Tax Appellate Tribunal (ITAT) Bangalore in its recent ruling on the Hubli Electricity Supply versus Deputy Commissioner of Income Tax (DCIT) case highlighted the intricate factors of section 43B of the Income Tax Act. This case underscores the complexities involved in how businesses handle taxes, duties, cesses, or fees, and how it impacts […]
Payments on the Goods and Services Tax (GST) Portal using IndusInd Bank Account credentials have been enabled by the Goods and Services Tax Network ( GSTN ). The Goods and Services Tax ( GST ) portal on January 5, 2024, was enabled with an updated feature. Through the mode of debit or credit card via […]
In the case of Fairdeal Metals Limited Vs Asst. Commissioner Of Revenue, State Tax WPA/170/2024; Calcutta High Court has expressed that the buyer, who is in no way associated with any of the allegations that have been incurred against the seller, could not be made responsible to pay a penalty for incorrect doings of seller. […]
The Kerala High Court said the department to open the Good and Service Tax (GST) portal to file the returns based on an order from the GST appellate authority. Applicant Counsel furnished that even when the restoration of registration via the Appellate Authority, the applicant was not able to file his returns since the portal […]
