Clause-Wise Analysis of Finance Bill 2023
The Finance Budget 2023-24 was delivered by the Hon’ble Finance Minister on 01.02.2023. Certain changes were brought in Direct and…
Month: February 2023
Credit of unadjusted TDS under VAT can be transitioned into GST regime
Whether the Petitioner is entitled to migrate and transition the TDS amount as ‘a credit of the amount of VAT’ in GST regime in its ECL? Jharkhand High Court held that the assessee is entitled for migration of the TDS amount in terms of Section 140(1) of the Central Goods and Services Tax Act, 2017.
No GST on issuance of Prepaid Payment Instrument vouchers
The Hon’ble Karnataka High Court in M/s Premier Sales Promotion Pvt Limited v. Union of India [Writ Petition No. 5569…
Information triggering the assessment/ reassessment proceedings must be furnished to the assessee
The Hon’ble Delhi High Court in Charu Chains and Jewels Pvt. Ltd. v. Assistant Commissioner of Income Tax [W. P.…
Condoned the delay in period of limitation for filing the appeal by the assessee
The Hon’ble Gujarat High Court in the matter of M/s. Manjeet Cotton Pvt. Ltd. v. Commissioner of State Tax [R/Special…
Karnataka GST compensation up by around Rs 8,000 crore, on par with 2019-20
Compared to the previous fiscal, Karnataka is expected to receive around Rs 8,000 crore more under the GST devolution this…
Alternative remedy against order not applicable when SCN is issued in violation of principles of natural justice
The Hon’ble Jharkhand High Court in Santosh Kumar Roy v. the State of Jharkhand & Ors. [W.P.(T) No. 4782 of…
Department cannot raise demand without examining the reversal of Cenvat credit and calculating proportional credit
The CESTAT, Ahmedabad in Sanofi India Limited v. C.C.E. & S.T.- SURAT-II [Excise Appeal No. 10583 of 2013 in Final…
No need to rely on website and Wikipedia for the meaning, when the test reports of the product by laboratories are available
The CESTAT, Ahmedabad in Pradipkumar P Patel v. C.C. – Ahmedabad [Customs Appeal No. 10047 of 2022 in Final Order…
Highlights on Proposed GST Amendments in Finance Bill 2023
List o amendments made in GST law is listed down section wise with brief comment about the change.