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A service tax demand for Rs. 28 crores was released by a single bench of the Calcutta High Court after learning that GST can’t be imposed on ocean freight. The operator of multimodal transportation, M/s. LCL Logistics India Pvt. Ltd., filed the petition. On ocean freight charges collected from exporters, with the interest and penalties […]
After the successful implementation of the new Goods and Service Tax law in 2017. There is a need for a judicial body to resolve disputes between the central government and state government as well as among businesses, individuals, and the government has arisen very quickly. Also, there is no government body to appeal against the […]
A former Supreme Court judge or a former Chief Justice of a High Court might lead the GST Appellate Tribunal and its system might allow the issue resolution that comprises dues and fines of less than Rs 50 lakh through the single-member bench. In the Lok Sabha, revisions to the laws of GST for enabling […]
The Income Tax Appellate Tribunal’s Delhi Bench has told businesses that if they want to avail themselves of the income tax deduction benefits, they have to deposit employees’ EPF and ESI on time. The Supreme Court’s decision was upheld by a two-member bench of Narendra Kumar Choudhary, a judicial member, and Anil Chaturvedi, an accountant […]
For streamlining and expediting the issue resolution procedure for GST, a 4-member appellate tribunal is proposed to be set up in each state. There are two technical members (one officer each from the centre and states) and two judicial members in every state appellate tribunal. A division bench including two members shall decide the appeals […]
It’s terrible news for the sector since the Supreme Court ruled that simply producing an invoice and a check payment is inadequate to claim ITC (Input Tax Credit). Analysts believe despite this order is concerned with problems under Value Added Tax (VAT) regime, but is likely to have an influence on GST also. The Assessing […]
The payment for an employee’s contribution to the provident fund post-due date is not permissible as a deduction said the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT). The two-member bench of Sandeep Singh Karhail (Judicial Member) and Om Prakash Kant (Accountant Member) sustained with the decision of the Supreme court for the case […]
A compilation of effective Judicial and Advance Rulings on Goods and Service Tax (GST ), has been posted by the Institute of Chartered Accountants of India (ICAI). “Significant Judicial and Advance Rulings in GST: A Compilation” is the name of the publication that assists the readers in knowing the scenario of judicial for different GST […]
The supply of machinery, mechanical appliances, parts, etc including the erection, commissioning, and installation is being supplied by the applicant. The GST returns in Form GSTR 3B for the FY 2017-18 (for short, “the FY”) would have been submitted by the applicant. Asking for the books of accounts for conducting the desk audit and rendering […]
