GST evasion of Rs. 2 crore by ‘beedi’ firm detected – Read
Central GST Authority cannot initiate proceedings when State GST Authority has already initiated proceedings on the same subject matter
The Hon’ble Gauhati High Court in the case of Rajesh Mittal relying upon the provision of Section 6(2)(b) of the CGST Act stayed the proceeding initiated by the Revenue Department, thereby holding that, Central GST Authority should not have issued the SCN when State GST Authorities have already issued SCN on the same issue Read more
Assessment Order not sustainable when vague in nature
The Hon’ble Madras High Court in the case of Rainbow Stones (P.) Ltd. allowed the writ petition, thereby setting aside the Assessment Order on the ground that the order is vague in nature and devoid of proper reasoning. Read more
ITC Transition not to be denied in case of Input Service Distributor (ISD)
The Hon’ble Bombay High Court in the case of Siemens India Ltd., relying upon Section 140(7) of the CGST Act adjourned the matter for further hearing and continued the interim stay granted in favour of Assessee being Input Service Distributor on the ground that, ITC which is legitimately available with the Assessee before the Appointed day, cannot be lost or lapsed, merely because of lack of effective procedural mechanism for ITC to be transferred to the Electronic Credit Ledger for utilization, thereby creating a situation of such ITC being permanently lost. Read more
GST demand cannot be raised based on figures in Profit and Loss Account
The Hon’ble Madras High Court in the case of M/s. Ralco Synergy Pvt. Ltd. set aside the Impugned Order passed by the Revenue Department, thereby holding that, GST demand cannot be raised based on figures in Profit and Loss Account. Read more
Assessee’s right to file appeal couldn’t be deprived on account of delay which occurred beyond its control
Assessee’s right to file appeal couldn’t be deprived on account of delay which occurred beyond its control Read more
GST DAILY – 190
Assessee’s right to file appeal couldn’t be deprived on account of delay which occurred beyond its control Read more
GST DAILY – 191
HC allowed restoration of cancelled registration due to non-filing of returns as accountant was suffering from serious illness. Read more
GST DAILY – 192
Supply of services by way of providing hostel accommodation falls under Heading 9963 and taxable at 18%: AAR Read more
Rate rationalisation likely to be top priority for GST Council in FY25
In what could be a game changer for the current GST regime, the government is likely to explore the possibility of shifting to a 3-slab structure in the coming fiscal. Read more
Lawgics – Judgment No. 94
In relation to assessment year 2017-18, petitioner received ASMT-10 alleging discrepancies in returns filed by the petitioner. The notice was replied to by the petitioner on 22.09.2023. Thereafter, an order dated 27.09.2023 was issued in Form ASMT-12 dropping the proceedings upon being satisfied with the petitioner’s explanation. The SCN dated 22.09.2023 was issued prior thereto. Therefore, the petitioner replied on 18.10.2023 and pointed out that proceedings initiated pursuant to notice in Form ASMT-10 were dropped by issuing an order in Form ASMT-12 on 27.09.2023. The impugned assessment order was issued, in these facts and circumstances, on 29.12.2023. Read more
Export prohibition on export of onion is extended
The export prohibition on export of onions under HSN 0703 valid till 31.03.2024 is extended until further orders. Read more
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