Latest update 03.07.2024
A. Article
| Sr. No. | Topic | In brief | Authored by | In detail/ Reference |
| 1 | Whether the assessment order u/s 73 is valid when the taxpayer was not given time to reply to ASMT-10? | The Honorable Kerala High Court noted that the Petitioner was not afforded any time for filing a reply to the notice in GST ASMT-10 and it is not disputed that the Petitioner’s GST registration was cancelled before the said notices were uploaded in GST Portal and opined that there is a violation of principles of natural justice. | CA Ritesh Arora | Click here to read more |
| 2 | Appeal cannot be rejected on the procedural lapse of non-submission of order | The Hon’ble Madras High Court in Indian Potash Ltd. directed the adjudicating authority to entertain the appeal which was earlier rejected on non-submission of order copy by the assessee before the appellate authority. | CA Bimal Jain | Click here to read more |
| 3 | Charges received by the taxpayer for services at the Ayurveda Centre, Beauty Parlor, and Convention Centre within the hotel attract luxury tax | The Hon’ble Kerala High Court, Ernakulam in the case of State of Kerala held that charges received by the taxpayer for services at the Ayurveda Centre, Beauty Parlor, and Convention Centre within the hotel attract luxury tax under the Kerala Tax on Luxuries Act, 1976 (“the KLT Act”) because the services were not being rendered directly by the taxpayer, a third party was providing services to the customers in the premises of the Taxpayer. | CA Bimal Jain | Click here to read more |
| 4 | NO PENALTY UNDER SETION 125 OF GST FOR DELAY IN SUBMITTING FORM GSTR-9C | Are there two different types of annual returns under Section 44 (1) of GST Act ? NO. There is only one Annual Return Form GSTR-9. | S.V.S. Raghavendra Rao | Click here to read more |
B. Tax in Media
| Sr. No. | Category | In brief | In detail/ reference |
| 1 | GST Portal downtime 03.07.24 | We shall be enhancing services on the GST portal on 3rd July’24 12:00 AM onwards. The inconvenience caused is regretted. | Read more |
| 2 | June’s GST revenue growth slows to three-year low; no official statement | Growth in GST collections slowed to a three-year low in June, with revenues rising about 7.74% to about Rs.1.74 lakh crore from Rs.1,61,497 crore collected in the year-earlier period, according to numbers shared informally by officials. | Read more |
| 3 | List of banks for tax payments available at e-PayTax service at e-Filing Portal | Income tax e-filing portal published list of banks available for e-pay tax services at e-filing portal. | Read more |
| 4 | Our decisions affect nation’s economy: New CBDT chief to I-T officials | Newly appointed CBDT chairman Ravi Agrawal has told Income Tax Department officials that the decisions they take have implications on the nation’s economy, ease of doing business and international transactions as he asked them to draw a 100-day action plan. | Read more |
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