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Latest update 16.04.2024

A. GST Article 1. Bombay HC affirmed that Apex Court's ruling on both 'ocean freight' applies to both CIF and FOB contracts. Hon'ble Bombay HC affirmed that the Apex Court's ruling on 'ocean freight' applies to both CIF and FOB contracts. Read more 2. If tax liability including interest has ...

Latest update 15.04.2024

A. GST Articles 1. Summer Vacation 2024: A Remarkable Initiative Hon’ble Supreme Court has taken a commendable step by listing specific categories of cases to be heard during the upcoming Summer Vacation. This thoughtful move aims to reduce litigation and streamline legal proceedings. Read more 2. PHYSICAL Submission of APPEAL ...

Latest update 14.04.2024

A. Articles Most Awaited Judgement: Can Parties Seek Rehearing Before a Different Bench? If a judgment is not delivered within six months, parties may seek a rehearing by a different bench. Read more B. GST Notes/ Lawgics Lawgics – Judgment No. 110 The case of the petitioner is that he ...

Latest update 13.04.2024

Lawgics – Judgment No. 109 The Court found no reason to invoke the extraordinary jurisdiction under Article 226, especially since it is not a measure to be employed where there are alternate remedies available and the assessee has not been diligent in availing such alternate remedies within the stipulated time ...

Latest update 12.04.2024

Extension of GSTR-1 due date to 12th April 2024 Due date for filing of GSTR-1 for the monthly taxpayers be extended by a day ie till 12.04.2024. Read more Period for filing an appeal can be extended by the Appellate Authority The Hon’ble Calcutta High Court in the case of ...

Latest update 11.04.2024

GST on related party corp guarantees: Centre expected to issue clarification The Ministry of Finance is likely to issue clarification regarding the taxability of corporate guarantees under the GST law between related parties, according to sources in the know. Read more GST leviable at 18 percent on solar-powered submersible pump ...

GST Article

Bombay HC affirmed that Apex Court’s ruling on both ‘ocean freight’ applies to both CIF and FOB contracts.

by Vikash Agarwal Hon'ble Bombay HC affirmed that the Apex Court's ruling on 'ocean freight' applies to both CIF and ...

Assessee is entitled to stay on recovery proceedings when Appellate Tribunal is not constituted

The Hon’ble Orissa High Court in the case of M/s. BPD Steel Syndicate (P.) (Ltd.) v. Union of India [WP ...

If tax liability including interest has been paid subsequently SCN cannot be issued

The Hon’ble Telangana High Court in the case of Rays Power Infra Pvt. Ltd. v. Superintendent of Central Tax [Writ ...

PHYSICAL Submission of APPEAL IS COMPULSORY ? OR ONLINE Submission is SUFFICIENT ?

by Mr. CA Swapnil Munoot 🌠 Many times, question is asked 🙄, whether GST Appeal document is physical required to ...

GST in Media

MSMEs in Tamil Nadu struggle over GST, power tariff hike

In the industrial belt of Coimbatore and Tiruppur, the DMK and BJP have something in common. The governments led by the two parties in Tamil Nadu and at the Centre have earned the ire of Micro, Small, and Medium Enterprises (MSMEs) for their policies that have hurt the sector badly ...

Online gaming industry plans to approach new government for reduction in GST

The online gaming industry plans to approach the new government after the general elections to request a reduction in Goods and Services Tax (GST). They propose that the tax be computed on the Gross Gaming Revenue (GGR) instead of the full face value. This proposal is based on the belief that ...

SGST dept raids traders in Katni, Shajapur & Bhopal

State Goods and Services Tax (SGST) department carried out raids in Bhopal, Katni and Shajapur on Friday following suspicion over unaccounted goods in storage for purpose of distribution ahead of elections. Godown and business establishment of a Katni-based trader dealing in multiple commodities like tobacco, areca nut and electronic items ...

CBIC Chairman Sanjay Agarwal calls for resolving legacy adjudication cases

According to the Budget document, at the end of fiscal year 2022-23, there were more than Rs.29,000 crore stuck in cases (pending for 1 year to more than 10 years) which are not under dispute. These are the cases where demand was raised but not realised because of a number ...

IRS Officer S. Selvan Appointed as GST Commissioner, Ranchi

S. Ravi Selvan, an Indian Revenue Service (IRS) officer (C&IT) of 1992 batch, has been appointed as Commissioner, Appeal, GST & CX Zone, Ranchi. He was appointed after the revocation of his suspension from the post of the Commissioner of Central Goods and Services Tax (CGST), Chennai Zone . The ...

THIS state is the biggest contributor to GST collection at 19.6%, leads per capita consumption spend

Maharashtra, with a 19.6 per cent share in all-India Goods and Services Tax (GST) collection in fiscal 2024 (April-February), is the top contributor to the GST pool, as per latest data on collections across Indian states, cementing its position as the country's economic powerhouse. A Crisil report released on April 11 reveals that ...

Income Tax in Media

Tax Authority to Contact 15.2 Million Individuals for Income Tax Returns Filing

The income-tax department is set to initiate a drive against individuals and entities who are required to file tax returns ...

14/04/2024 / Income Tax, Income Tax in Media, income tax return filing, IT drive against non filer

Real estate deals, credit card transactions: 6 times one can get Income Tax notice

The Income Tax Department carefully tracks all financial deposits and withdrawals made by individuals. The I-T Department uses data from ...

14/04/2024 / deposits and withdrawals, Income Tax, Income Tax in Media, income tax notice, IT dept uses data to analyse compliance

Income tax refund will be available soon and the seized properties will also be returned

If you pay tax then it is a matter of relief for you. The Income Tax Department will dispose of ...

14/04/2024 / CBDT, Income Tax, Income Tax in Media, Refund, TDS

CBDT Issues FY’25 Interim Action Plan for Tax Officers

The income tax department has come out with an interim action plan for 2024-25 fiscal year, which include identification of ...

13/04/2024 / CBDT, disposal of appeals, Income Tax, Income Tax in Media, interim action plan CBDT, TDS

Employees must prove TDS deduction if company defaults on its deposit

Unfortunately, at times, employees find that while tax has been duly deducted at source (TDS) against their salary income, it ...

13/04/2024 / Form 16A, Income Tax in Media, ITAT, ITAT MUMBAI, TDS, tds on salary