Lawgics – Judgment No. 105
Petitioner pointed out to the findings in the impugned order relating to defect which pertains to the difference of turnover between P & L account & balance sheet VS GSTR-9. The assessee had explained that the difference arises as a result of the fact that the financial statements pertain to the operation of the entity at a Pan India level, whereas the GSTR-9 return is limited to the turnover in Tamil Nadu. Read more
Superintendent cannot exceed jurisdictional prescribed limits and pass the Order
The Hon’ble Allahabad High Court in the case of Mansoori Enterprises held that according to Circular No. 31/05/2018-GST dated February 09, 2018, power of the Superintendent, Central Goods and Service Tax & Central Excise is limited to the matter not exceeding Rs. 10,00,000/- and in the present case the amount involved is more than Rs. 16,00,000/- and consequently, the order passed by the Superintendent is without jurisdiction. Hence, the said order was declared without jurisdiction and liable to be set aside. Read more
Construction of the Sulphate removal plant under the EPC Contract falls under SAC Heading No. 9954
The Rajasthan AAAR, in In re ION Exchange (India) Ltd., upheld the Ruling dated September 15, 2021 the AAR for Rajasthan, classifying the services provided by the Appellant under an Engineering, Procurement, and Construction (EPC) contract with M/s Vedanta Limited under SAC Heading No. 9954. The Appellant’s arguments regarding the inclusive nature of the services covered under Heading 9986 were also dismissed. Read more
Amendment in Import policy condition for Melon Seeds
DGFT issued a Notification No. 05/2023 dated 05.04.2024 to amend the import policy condition for melon seeds. Read more
Online Gaming & Casino tops GST evasion cases, DGGI data shows
Online Gaming & Casinos emerged at the top in terms of detection of GST evasion during Fiscal Year 2023-24, annual data compiled by the DGGI showed. This sector alone accounted for more than 40 per cent of the amount involved in GST evasion detection. Read more
United Breweries hit with demand order worth Rs.264.7 crore from Maharashtra GST dept
United Breweries Ltd (UBL) announced on Friday, April 5, that it had received a tax demand of over Rs.263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax (GST) Department. Read more
Income Tax department freezes CPI(M)’s account in nationalised bank in Kerala’s Thrissur district
The Income Tax department has frozen the account in the name of the Thrissur district committee of the Communist Party of India (Marxist) [CPI(M)] in a nationalised bank in the district on the charge that the account was not reflected in the annual returns filed by the party. Read more
Corrigendum to Notification No. 02/2024 dated 31.03.2024
The Central Board of Direct Taxes, Bengaluru issued a Corrigendum to Notification no. 02 of 2024 dated 31.03.2024. Read more
Two EPFO officials held over bribery in Thane
Thane, Apr 6 (PTI) Two staffers from the Employees’ Provident Fund Organisation (EPFO) in Maharashtra’s Thane city have been arrested for alleged demand and acceptance of a bribe, the Anti-Corruption Bureau said on Saturday. Read more
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