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During quashing an SCN issued via the department for initiation of penalty proceedings under section 270A in a vague manner, a categorical finding of ‘misreporting/ under-reporting’ is essential for the levy of penalty under section 270A, Delhi HC ruled. An order dismissing immunity asserted via taxpayer u/s 270AA and dropping the penalty proceedings under section […]
The Ministry of Finance, Department of Revenue, and Tax Research Unit opted for a proactive step for inclusive policy-making by asking for recommendations from Industry and Trade Associations for the forthcoming Budget 2024-25. The official communication, referenced as F. No.334/1/2024-TRU, was issued dated June 12, 2024. Concerning drafting the proposals for the union budget of […]
The Confederation of West Bengal Trade Associations a Traders association has written to Revenue Secretary Sanjay Malhotra asking for an amnesty scheme for Goods and service tax issues. As per the council, the small businesses could not align with the revisions that the government made to the GST via distinct amendments in the acts and […]
The blog discusses the legal elements for the condonation of the delay in the petition of GST, examining the related case laws and furnishing a complete technical discussion on the case. GST tax litigators are under pressure to furnish their appeals to the first appellate authority. It is expected that distinct appeals shall be filed […]
The Madras High Court in a ruling, set aside the demand order on Rs. 2 lakhs pre-deposit condition. The court witnessed that GST (Goods and Services Tax) returns were not filed and the taxes were not filed at the time of the COVID period due to numerous reasons. The applicant, Nagoorar Enterprises claimed that he […]
In the case of Bhagat Dhanadal Corporation the Gujarat Authority of Advance Ruling (AAR) has held a 5% GST subject to be paid on seed mixes manufactured and sold by it. The manufactured products via the same are Mix Mukhwas and Roasted Til with Ajwain. Both the products particularly consist of sesame seeds and have […]
On 22nd June, the 53rd meeting of the GST council was conducted. To refine the tax rates and service exemptions under the GST regime, various recommendations were made in the meeting. Union Finance Minister Nirmala Sitharaman addressed the meeting and deliberated on distinct proposals to facilitate GST applicability for goods and services. Key Updates on […]
In the matter of “In re EFC Logistics India Pvt. Ltd. (GST AAR Odisha),” M/S EFC Logistics India Pvt Ltd (after this referred to as the ‘Applicant’), filed an application for an advance ruling u/s 97 of the CGST Act, 2017, and the related section of the OGST Act. The petitioner is a Goods Transport […]
The income tax deduction is allowable on expenditures incurred on warranty claims, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled. The bench of Kul Bharat (Judicial Member) and M. Balaganesh (Accountant Member) has laid on the Supreme Court’s decision in the matter of Rotork Controls India (P) Ltd., where it was carried that […]
