A. Amendment
Notification No. 41/2024-Customs (N.T.) dated 10.06.2024
CBIC issued notification regarding Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s Tyco Safety Products lndia Pvt Ltd -reg. Read more
B. GST Notes
PPT – TRU of ICMAI publications
The Tax Research Department of ICMAI (Institute of Cost Accountants of India) has released the followings publications Read more
Lawgics – Judgment No. 143
Author and Advocate Ms. Nidhi Aggarwal is presenting GST case law/judgment in simplified manner under the title “Lawgics”. Read more
C. Article
Constitutional validity of Section 16(2)(c) and 16(4) upheld and due date for availment of ITC has been changed retrospectively from September to 30th November from FY 2017-18 onwards Read more
ITC not admissible in case of Rotary Car Parking System
The Hon’ble Kerala High Court in M/s. M. Trade Links has upheld the constitutional validity of Section 16(2)(c) and Section 16(4) of the CGST/SGST Act. After acknowledging the difficulties during the initial implementation years of GST, this Court has relieved the Petitioners by retrospectively extending the time limit to avail ITC to November 30 from the FY 2017-18 onwards. Read more
Does GAAR Apply to Indirect Tax Legislation?
The recent judgment by the Hon’ble Telangana High Court sheds light on the application of General Anti-Avoidance Rules (GAAR). Here are a few key points from the ruling: Read more
Whether the Appellate Authority can dismiss the appeal on ground of limitation without affording an opportunity of being heard? Read more
Whether the Appellate Authority can dismiss the appeal on ground of limitation without affording an opportunity of being heard?
The Honorable High Court in the case of JyanataGhosh held that an Appellate Authority cannot dismiss an appeal on the ground of limitation without affording any opportunity of hearing. The delay can be condoned if the principles of natural justice has been violated by not providing an opportunity for hearing to the Petitioner. Read more
D. Tax in Media
18% GST On Instant Flour Mixes For Ildi, Dosa: GAAAR
Instant flour mixes, including idli, dosa and khaman flour, cannot be classified as chhatua or sattu and should be taxed at 18% GST, the Gujarat Appellate Authority for Advance Ruling (GAAAR) ruled. Read more
Clarity on GST & legality of gaming ban laws, Digital India Act may see light in Modi 3.0
As Narendra Modi is poised to take oath as the prime minister for a historic third term, the real money gaming sector expects legal clarity on various issues surrounding the sunrise industry. Read more
Income Tax Return: Avoid these Common Mistakes While Filing Your ITR
As the deadline for filing the Income Tax return nears with the due date set for July 31, 2024, taxpayers need to guard against committing any last-minute misstep in their ITRs. Everyone should be careful at the time of return filing and try to enter correct information. Read more
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