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The Supreme Court has emphasized the need for the Central Board of Indirect Taxes and Customs to set realistic timelines for taxpayers to correct bona fide errors in forms while filing GST returns. The bench of CJI Sanjiv Khanna and Justice Sanjay Kumar was hearing a challenge to the Bombay High Court order which authorized […]
The Hon’ble Supreme Court, in a ruling, affirmed that the right to correct clerical or arithmetical errors is a fundamental right for businesses, acknowledging that human errors in GST return filings are inevitable and should be rectified. It was ruled by the court that the right to correct accidental mistakes, whether clerical or arithmetical, is […]
In a ruling, the Supreme Court upheld the decision of the Allahabad High Court, which stated that a charger sold with a cell phone under the MRP cannot be taxed separately under the UP VAT Act, 2008. The division bench of Justice BV Nagarathna and Justice SC Sharma was recognizing a challenge to the Allahabad […]
A Special Leave Petition (SLP) has been dismissed by the Supreme Court, which was submitted via the revenue against Standard Chartered Bank for filing of TRAN-01 through another state’s Goods and Services Tax (GST) portal amid technical glitches. Revenue furnished the SLP contesting the ruling of the Telangana High Court, which kept the action of […]
The Apex court is to decide whether the time limit for adjudicating the show cause notice and passing an order could be extended via the issuance of the notifications u/s 168-A of the CGST Act. The same provisions provide the authority to the government to issue the notification for extending the time limit specified under […]
After the amendment in the fiscal limits for filing the appeals in direct and indirect tax matters in the Union Budget 2024-25, the Apex court dismissed 573 direct tax cases in which there is less than Rs 5 crore tax effect, the Ministry of Finance mentioned. As per the finance ministry, the measures are anticipated […]
The Supreme Court in a case denied giving the retrospective operation to the amended Section 80DD of the Income Tax Act, 1961 (“IT Act”) which furnished an option to the subscriber the Jeevan Adhar Policy (“Policy”) upon reaching the age of 60 years to halt the deposit made under the policy and utilize of the […]
The Union Finance Ministry, GST Council of India, and Central Board of Indirect Taxes and Customs (CBIC) failed to submit their response in the case pertaining to the request for permission to submit an amended return under the GST system, within the prescribed 30-day period before the dual bench of the Supreme Court on Monday. […]
In a civil appeal that is currently pending before the bench of nine judges, the Supreme Court mentioned a case that addressed the question of the constitutional legality of GST on lease/rent payments. According to the ruling of a bench comprising of Justice M.R. Shah and Justice Sanjay Karol, there is no stay against the […]
