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Search results for: Section 74

Checklist Before Trading with GST-Compliant Suppliers

Full Checklist Before Secure B2B Trading with GST Suppliers

Toward confirming the B2B deal with the GST-compliant supplier, an individual must review the below-mentioned information which would be made available on the GST portal: Check the Registration Activity of GST Suppliers Doing the transaction with the registered supplier, the recipient would ensure that the supplier would be actively enrolled under GST. As there would […]

SC's Order for Hero Motocorp & Sun Pharma Laboratories Ltd

SC: Govt Not Obligated to Run Old Exemption Policies After GST Act

The Apex court, post to the enactment of the Central Goods and Services Tax Act in 2017, the centre was not being restricted to carrying on with its pre-existing 100% outright excise duty exemption policy of 2003 for publicizing the activities of industries in some of the states like Uttarakhand and Sikkim where it is […]

Madras HC's Order for Asia (Chennai) Engineering Company Pvt Ltd

HC: Authority to View Reply of Notice via Post Instead GST Portal

The Madras High Court ruled that the GST Department must acknowledge the answer to a show cause notice despite the same would be sent via taxpayer not through the portal but via the post. During refusing the objection of the council, the postal or physical answer to them would not be acknowledged, the single bench […]

Delhi ITAT's Order for M/s. Mahamaya Exports Pvt. Ltd.

ITAT Delhi: Unexplained Tax Credit Supports Misappropriated Payable Amounts

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the unexplained credit will uphold when there is no proof proving the enhanced amounts that are liable to pay. The taxpayer, M/s. Mahamaya Exports Pvt. Ltd. questioned the Commissioner of Income Tax (Appeals)-31 [CIT (Appeals)] New Delhi, on 20.12.2017 for the assessment year […]

Bombay High Court's Order for Shailesh Shah

HC: Tax Reassessment Notices Invalid U/S 148 to a Dead Person

Against the dead person, the Bombay High Court ruled that a reassessment notice is not valid until the legal representatives submit to the jurisdiction of the Assessing Officer without lifting any protest. The division bench of Justice Dhiraj Singh Thakur and Justice Valmiki Sa Menezes, the legal representatives do not give their right for the […]

Haryana GST AAR's Order for AS & D Enterprise LLP

AAR: LLP Security Services Not to be Treated Under GST RCM

The Authority of Advance Rulings (AAR) in Haryana has said that Security Services provided by a Limited Liability Partnership shall not be treated as taxable under Reverse Charge Mechanism (RCM). Under the Goods and Services Tax(GST) Act, 2017 the petitioner has been registered and asked for the ruling as a Limited Liability Partnership that has […]

CBDT Dept Guidelines for Compounding of Violations

CBDT Publishes Compounding Violations Instructions for Officers

The Central Board of Direct Taxes (CBDT) furnishes the policies applicable for the compounding of violations under the Income Tax Act, of 1961. Compounding of violations in the normal form does not count under the right. But the offences might be compounded via competent heads on the upon eligibility satisfaction conditions mentioned in the same […]

Delhi ITAT's Order for Kalra Papers Pvt. Ltd.

ITAT Delhi Removes Tax Penalty Levied U/S 271(1)(c) Over Unspecified Reasons

The Income Tax Appellate Tribunal (ITAT), Delhi Bench headed by Mr N.K. Billaiya, Accountant Member, and Mr N.K. Choudhry, Judicial Member, deleted the penalty levied under section 271(1)(c) as the notice under section 274 was unable to define concealment or provide the wrong particulars of income. In the process of scrutiny assessment of the petitioner, […]

ITC Reporting Changes in Table 4 of GSTR-3B Form

All GSTR-3B Changes for Accurate Eligible ITC Calculation

Revision of Table 4(B) & (D) of form GSTR 3B vide notification number 14/2022 and clarification given concerning reporting of the identical vide Circular 170/02/2022, the assessees obligated to visit again their way of recording ITC in their books to ensure true reporting according to the revised form GSTR 3B. Below is our update we […]

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