A. GST Article
Recovery proceedings not to be initiated against the former director of the Company who was not the director during the concerned period
The Hon’ble Bombay High Court in the case of Prasanna Kumar Shetty v. State of Maharashtra and Others [Writ Petition No. 3098 of 2024 dated April 16, 2024] allowed the writ petition and set aside the attachment order in case where recovery proceedings were initiated against the former director of the Company who was not the director of the Company during the concerned period. Read more
Delhi HC issued notice to decide on the taxability of providing corporate guarantee by holding company to a subsidiary
The Petitioner has filed a writ petition for declaration to the effect that the activity of the holding company providing a Corporate Guarantee to a subsidiary should not be considered as supply of services taxable under Section 9 of the CGST Act. Read more
Taxation on Online Gaming by IT Department
CBDT published PPT on ‘Taxation on Online Gaming’. Read more
B. GST Lawgics /Notes
Lawgics – Judgment No. 116
Merely, because a taxpayer has not filed the returns for some period does not mean that the taxpayer’s registration is required to be cancelled with retrospective date also covering the period when the returns were filed, and the taxpayer was compliant. Read more
C. Tax in Media
FORM ITC-04 filing due date
GST Taxpayers whose aggregate Annual Turnover is more than Rs. 5 crore to file FORM ITC-04 for the period October, 2023 to March, 2024 on or before due dated 25.04.2024. Read more
UltraTech Cement gets Rs. 7.92 crore GST demand from Karnataka authority
It has disclosed in a regulatory filing that is has received an order from the DGSTO, Kalaburagi, Karnataka, demanding payment for GST, interest, and penalties amounting to Rs. 7.92 crore. Read more
GST on mustard: Arhtiyas in Charkhi Dadri stop buying
According to them, the rate of procurement for mustard crop is Rs. 5,650 per quintal, on which the GST amount comes out to be Rs. 282 per quintal. However, they will get only Rs. 70 as commission. “When the main procurement agency is Hafed, why should arthiyas pay GST? Even if we agree to pay GST, we have to pay from our own pocket in the procurement process. Read more
Video on Webinar
- GST Detention of Vehicle, Seizure of Goods, EWB etc – Watch here
- GST Notice: Why Notices are received and How to Handle it – Watch here
Tata Steel Entitled To Treat Contribution Of Rs. 212.52 Crores To CAF As Revenue Expenditure: Bombay High Court
The Bombay High Court has held that Tata Steel is entitled to treat the contribution of Rs. 212.52 crores to the Compensatory Afforestation Fund (CAF) as revenue expenditure. Read more
Penalty of Rs 3.48 crore imposed on Vedanta for tax evasion
“The Company has received an Order from Office of the Additional Commissioner, GST & Central Excise Commissionerate, confirming Penalty of Rs 3.48 Cr along with Tax demand and applicable Interest. Read more
Income Tax Refund failure details and reason are now also visible
Refund failure details and reason are now also visible in the ‘WORKLIST’ tab under ‘Pending Details’ head. Income tax portal Read more
D. GST Notes
Shri CMA Anil Sharma and his team presenting CGST Act / IGST Act in slides form to make readers understand the basics of GST laws easier and simpler way.
Slides 30 to 37 from IGST Chapter 5, is added below, out of 44 slides
Notes section /all slides Click here
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