GST DAILY – 186
HC directed Revenue not to invoke bank guarantee submitted to pay penalty as no GST tribunal was constituted. Read more
GST DAILY – 187
No adverse order can be passed without granting personal hearing to assessee: HC. Read more
GST DAILY – 188
No penalty can be imposed if goods were transported along with tax invoice containing vehicle no. Read more
Maharashtra, Karnataka, UP lead in GST cess collections
Maharashtra, Karnataka, Uttar Pradesh, Odisha and Tamil Nadu are leading in collecting Goods and Services Tax (GST) cess levied mainly on sale of cars, helping the Centre pay off the market loans taken to give liquidity to states during the pandemic, showed data available from the GST Council for this fiscal up to January 2024. Read more
Circular in respect of Department appeals before ITATs, HCs and SLPs/ appeals before SC
CBDT issued Circular no. 5/2024 dated 15.03.2024 under section 268A of the Income-tax Act, 1961 for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court-measures for reducing litigation. Read more
Instruction for initiating proceedings u/s 147 of I.T. Act, 1961 in e-verification cases
Directorate of Income Tax (Systems) issued e-verification Instruction no. 2(i) of 2024 dated 19.03.2024 to the AO’s for initiating proceedings u/s 147 of I.T. Act, 1961 in e-Verification cases. Read more
Lawgics – Judgment No. 93
In the present case, admittedly, ITC has not been utilized and it has been reversed and as such petitioner is not liable to pay interest in view of the amended provisions of Section 50(3). Read more
Lawgics – Judgment No. 92
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