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The Gauhati High Court, in a ruling, stated that a proper officer will regard dropping GST cancellation proceedings if the taxpayers provide all the due returns and clear the outstanding dues, along with tax, interest, and late fees. Dhirghat Hardware Stores, a proprietorship firm represented by its proprietor, Mainur Islam, has filed a writ petition […]
Automation and integration are the main drivers of organisational efficiency in today’s competitive business landscape. The integration of Payroll Software with HRMS (Human Resource Management Systems) and ERP (Enterprise Resource Planning) platforms is among the impactful technological advancements in this area. The same integration facilitates payroll management and assures data consistency, improves compliance, and enhances […]
The Madras High Court ruled that an Income Tax Recovery Officer (TRO) must lift attachment orders on a taxpayer’s property once the subject-matter issue has attained finality at the appellate level. The High Court’s decision against a writ petition filed by M/s Sritharani Infraa Developers Pvt. Ltd., impugning an attachment order dated July 15, 2022, […]
The Gujarat High Court recently made an important ruling regarding the payment of statutory interest under the Goods and Services Tax Act, 2017. According to the court’s decision, interest is mandatorily payable on delayed refunds of Integrated Goods and Services Tax (IGST) if the refund is not processed within sixty days from the date it […]
Nasscom, an industry organisation, has pointed out that the current Goods and Services Tax (GST) system treats transactions between the main offices and their branches in IT companies as if they are taxable events. This creates an unnecessary tax burden for these companies. Even after being internal allocations in the same company and not supplies […]
The Bombay High Court ruled that the authority must pay ₹71.31 lakh as interest on the refund of illegally collected IGST (Integrated Goods and Services Tax) under the Reverse Charge Mechanism (RCM) on ocean freight. Justices M.S. Sonak and Advait M. Sethna considered that the applicant had submitted IGST, which the respondents used up to […]
The Madhya Pradesh High Court recently delivered an important ruling concerning the Central Goods and Services Tax (CGST) Act, 2017. The Court determined that any appeal submitted within the designated statutory timeframe should not be considered time-barred. Additionally, it specified that when calculating the limitation period, the date of the original order should be excluded […]
The High Court of Jammu & Kashmir and Ladakh, in a ruling, has stated that tax authorities need to acknowledge the late responses to the SCNs before passing the final orders under the GST Act, outlining the norms of natural justice, and set aside the Goods and Services Tax (GST) demand made. Zakir Hussain, who […]
The bench of the Income Tax Appellate Tribunal, Chennai, held that any reassessment notice issued by a Jurisdictional Assessing Officer (AO) after the introduction of the faceless regime is not valid in law. The Tribunal, emphasising the binding nature of the CBDT’s e-Assessment of Income Scheme, 2022, held that the issuance of notices u/s 148 […]
