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Search results for: itc claim

Rajasthan HC's Order for Shri Ganesh Traders

Rajasthan HC Grants Time for Petition and Seeking Response from Illegal GST from Authorities

The responses from the GST department have been sought by the High Court of Rajasthan for the case of the illegal demand for GST and awarded the time to file the answer for the petition. Mr Sharad Kothari, counsel appearing on behalf of M/s Shri Ganesh Traders, the petitioner, stated that the first appeal was […]

Haryana GST AAR's Order for M/S PI Industries Ltd

Harayana AAR: No GST Charges on the Supply of Spraying Services

The Authority for Advance Ruling (AAR), Haryana, in an application filed before it, contained that the supply of spraying services does not levy tax under GST. When the applicant M/S PI Industries Ltd, furnishes the application before it who is involved in the manufacturing of Agrochemicals, Haryana AAR made the observation. The petitioner seeks the […]

Jharkhand High Court's Order for Vikash Kumar Singh

Jharkhand HC Cancels GST Notice as 100% Penalty Via DRC-07 Not Valid

Recently, the Show Cause Notice (SCN) and Demand Order have been rejected by the Jharkhand High Court. It was against the petitioner because, in Form GST DRC-07, there is a pointless order of a fine of 100% of GST. On the basis of a claimed discrepancy in the GST returns and GSTR-2A, the actions, resultant […]

Deep Summary of Zero-rated Supplies Under GST with Benefits to SEZ

Full Details of Zero-rated Supplies in GST with SEZ Benefits

In 2017, the GST which is a destination-based consumption tax was incorporated. As per the GST framework, particularly for the businesses that are involved in the exports and supplying the Special Economic Zones (SEZs), the concept of zero-rated supply poses influential importance. The provision of goods or services that are either exported or provided to […]

Allahabad HC'S Order for Shyam Sundar Sita Ram Traders

Allahabad HC: A Firm’s GST Registration Can’t Be Cancelled Basis on Bogus Allegation

A Single Bench of the Allahabad High Court has cancelled and set aside the cancellation of GST registration executed on the basis of the firm being alleged to be fake. The applicant’s opinion of the council is that he has the registered proprietorship firm along with executing the business as per the statutory. The applicant […]

Delhi HC's Order for M/S Balaji Exim

Delhi HC: Allegations of Bogus GST Credit Cannot Be a Reason for Denying Refund

The allegations of claiming the bogus credit could not be the basis for refusing the applications for the refund held by the Delhi High court until the same would be accomplished that the applicant does not obtain the goods or paid for them. The applicant is qualified for the GST ITC refund on the goods […]

A Guide to Equal Income Tax Liability Under New & Old Regimes

Know Equal Income Tax Liability Under New and Old Regimes

The Finance Minister has decided to reform tax rates as long as the new tax regime is considered. It is expected to be better than the existing tax system because of the standard deduction which was not given in the earlier tax regime. Despite the debate on whether the new tax regime is much better […]

No GST Tax Credit on CSR Expenses

Businesses’ Concern Over GST Tax Credit Rule on CSR Expenses

The seamless flow of (ITC) is the foundation of a robust Value-Added Tax (VAT) architecture. Let’s suppose goods or services are purchased via company A whether a manufacturer, service provider, or trader, for the purpose of their business, vendors who imposed VAT would be available as a set-off to Company A for the adjustment against […]

Income Tax Anomaly in the New Tax Regime

NTR: Income Tax Anomaly for 700K to 729K Salaried Individual

Among the middle class, one of the proposals which have made the Union budget 2023 very prevalent is that the individuals and Hindu undivided families (HUFs) opted for the new regime in the Financial year 2023-24 and onwards including securing the yearly gross total income (GTI) with the limit of Rs 7 lakh does not […]

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