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The Rajasthan High court ruled that the advantage of the amnesty scheme beneath the Sabka Vikas Legacy Dispute Resolution Scheme, 2019 would not get refused only on the basis of the inquiry notice under section 125 of the GST Act issued to the taxpayer. The applicant, M/s Sonjoli Construction Co, before the court comprises the […]
In the recent ruling by the AAR, there is a lot of relief for all the corporate individuals as well as for the companies as now the tax credit on the goods and services tax can be availed on the upfront lease premium. In the previous scenario, the same was not allowed to be taken. […]
The government has made a decision to make the scrapping of the IGST on ocean freight and the same proposal is under consideration for the GST council in the next meeting. The particular decision is made to consider the supreme court order on the scrapping of IGST on ocean freights. This has made a sigh […]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that leave and pension contributions to state government employees do not be treated as fake and granted relief to Vishakhapatnam Port Road Company Ltd. The petitioner, Vishakhapatnam Port Road Company Ltd., has the business of constructing, operating and maintaining the toll roads for enough connectivity to […]
Delhi high court ruled that the GST dept to raise the attachment as that does not be a valid post to the duration mentioned under section 83 of the Central GST Act, 2017. In the former times CGST, Delhi East vide orders on 31.03.2021 provisionally attached the bank accounts and property of the taxpayer, Nitin […]
The Central Board of Indirect Taxes and Customs circulated the clarification on the GST imposed on multiple goods and services. The indirect tax body via several GST circulars has addressed the problems towards issues around liquidated damages, penalty on cheque bouncing, delayed payment charges, recovery from employees for bond payment/forfeiture of salary, and others. Latest […]
What is the Income Tax Form 10EE for Pensioners? The income tax portal has updated the system towards Form 10EE pensioners form (‘Taxation of income through retirement benefits account maintained in a reported country’) to get furnished in following the rule 21AAA for Financial Year 2023-24 would be available to file upon the portal of […]
Traders all over the country have asked for the withdrawal of the decision of the GST for the exemption on prepacked unbranded food items and levy of a 5% GST. The Confederation of All India Traders (CAIT) issue a memorandum to all the state finance ministers asking for taking back the decision as this would […]
The problems suffered by the registered dealers during furnishing the refund applications have no limit from the limitation time, interest on the late refund, and others. Which reveal their place in Tribunals and courts. In this, we have attempted to list some of the common problems suffered during filing the GST refund applications beneath the […]
