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The Madras High Court remanded the order validating the GST obligation as of the failure to provide oral or document proof. The case was remanded for reconsideration on 10% pre-deposit. The applicant/taxpayer Jai Maa Engineering Co. has claimed that they were not aware of the proceedings directing to the impugned order since all the communications […]
The Madras High Court in a ruling ordered reconsideration of the GST ( Goods and Services Tax ) liability confirmed on proceeding on the assumption that the sales turnover shall be 110% of the purchase turnover. The taxpayer K V M Textiles, claimed that they were not informed of the proceedings, as the show cause […]
The GST is liable to get paid in advance obtained against the supply concerning the work contract, The Gujarat Authority of Advance Ruling (AAR) ruled. The turnkey contract entered into by the applicant has been ruled to be a work contract, remarked by the bench of Amit Kumar Mishra and Milind Kavatkar. The petitioner is […]
To include the ‘Adjustment of negative liability of previous tax period’ for Reverse Charge and supplies under Section 9(5) of GST Act and other than Reverse Charge and supplies made under Section 9(5) of GST, the Central Board of Indirect Taxes and Customs (CBIC) has revised Table 6.1 of the GSTR 3B. From a new […]
GST obligation due to non-response to SCN: HC furnishes the opportunity to challenge tax demand on merits with a 10% pre-deposit The Madras HC in a ruling addressed a significant matter by engaging Yesem Marketing and the Deputy Commercial Tax Officer concerning Goods and Services Tax (GST) liability. Based on the allegation of the violation […]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has ruled that submission of Form-67 is not obligatory to claim foreign tax credit (FTC). The bench of Sudhir Pareek (Judicial Member) and S. Rifaur Rahman (Accountant Member) has marked that filing Form-67 is a procedural or directory provision and is not a compulsory requirement. Thus, […]
A reconsideration of the matter has been ordered by Madras HC on a 10% pre-deposit condition concerned with the mismatch between GSTR 3B and GSTR 2A, following a failure to respond to the Show Cause Notice ( SCN ). The applicant, Crystal Granites contested the order because the show cause notice and the impugned order […]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Assessing Officer ( AO ) post remarking that the Income Tax Authorities were unable to discuss the difference in sundry creditors before confirming the addition u/s 41(1) Income Tax Act, 1961. The taxpayer Jonna Iron Mart is a […]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) carried that unless there is proof to show that the obligation has ceased to exist, no addition under section 41(1) of the Income Tax Act is there and therefore, deleted the addition made by Assessing Officer (AO). A petition has been filed by Shashi […]
