Medical reason is a valid reason for condoning delay in filing an Appeal before the Appellate Authority – by CA Bimal Jain
The Hon’ble Madras High Court in the case of M/s. Great Heights Developers LLP, allowed the appeal before the Appellate Authority and held that if the Assessee demonstrates that the delay in filing appeal was due to valid mitigating circumstances such as medical condition then the Appellate Authority can condone delay and consider appeal on its merits. Read more..
Cenvat credit is allowed if inputs are wheeled out to the sister company – by CA Bimal Jain
The Hon’ble Madras High Court in the case of India Cement Limited allowed the appeal filed by the Appellant wherein it was held that the electricity was not sold but only supplied to sister units, all of which were involved in manufacturing of the final product. Therefore, electricity used for manufacturing the final product qualifies as an ‘input’. Further, there is a substantial cost in the setting up of a Captive Power Plant for which the benefit must be provided to the Appellant as a whole, including the sister concerns to which supply is made. Read more..
I-T assessees receive quick attention under faceless assessment system: FM
The I-T Department’s faceless tax assessment system, aimed at improving the ease of doing business, had reduced the discretion of officers, made grievance redressal quicker and overall improved the perception about the department among taxpayers, Union Finance Minister Nirmala Sitharaman asserted on Wednesday. Read more
Telangana: 90 per cent rebate on accumulated property tax interest amount
The state government has introduced a ‘One-Time Scheme’ (OTS) with immediate effect to provide relief for property tax defaulters in all Urban Local Bodies (ULBs) across the state. Under this scheme, a waiver of 90% of the accumulated interest on property tax arrears is offered, provided the taxpayers clear the principal amount of the 2022–23 fiscal year, along with 10% of the interest on accumulated arrears, in a single payment. Read more:
The civic body is now banking on a special software
for real-time data entry to tackle the delay in bringing properties under the tax ambit while reducing the loss of revenue. Read more
New software to tackle delay, loss of property tax revenue
The civic body is now banking on a special software for real-time data entry to tackle the delay in bringing properties under the tax ambit while reducing the loss of revenue. Read more
Implementation of Electronic Cash Ledger (ECL) for payment of Import duties for goods imported through Courier Mode from 1st March 2024
The Electronic Cash Ledger (ECL) shall be the mode of payment of Import duties for goods imported through International Courier terminals from 01st March 2024. Read more
Lawgics – Judgment No. 079
OTAs seek change in GST rule, eye higher growth in bus ticketing segment
OTAs feel that their growth is being curbed due to a 2021 policy of levying 5 per cent Goods and Services Tax (GST) on the sale of non-AC bus tickets on e-commerce portals. Tax is not leviable if a non-AC bus ticket is purchased offline or a website of state transport corporation. Read more
SBI Credit Card To GST, Your Guide To Rules Changing From March 2024
Several new rules will come into effect from the first day of March, which is also the last month of the current financial year, which will impact almost all the users. Those who are planning to go on a road trip also have to get their Know Your Customer (KYC) done by tomorrow (February 29) otherwise their FASTags will be deactivated. The National Highways Authority of India (NHAI) had issued a notification about its decision, which is meant to ensure only one FASTag is affixed on one vehicle. Read more at:
GST on corporate guarantees: Experts await more clarity
Indirect tax experts are awaiting clarity on the levy of goods and services tax (GST) on corporate guarantees given by Indian companies on behalf of their subsidiaries following a notification issued by the finance ministry in October. Read more
GST sleuths after IMA, calls it corporate, not charity
The Directorate General of GST Intelligence (DGGI) has submitted additional evidence before the Kerala High Court to show that the Indian Medical Association (IMA), an organisation of allopathy doctors, is not a charitable organisation but a corporate entity involved in product endorsement, land deals, and profit generation. Read more
Indian Auto LPG Coalition urges 5% GST, echoing Andhra Pradesh’s VAT cut on Natural Gas
Indian Auto LPG Coalition (IAC) has urged the Central Government to reduce the tax on Auto LPG from 18% to 5% GST in a bid to foster cleaner mobility and combat the escalating climate crisis, This comes in response to Andhra Pradesh’s recent VAT reduction on Natural Gas from 24.5% to 5%, which has significantly lowered CNG prices and is expected to impact other clean automotive fuels like Auto LPG. Read more at
Tax official arrested for taking bribe to resolve firm’s GST suspension
The Central Bureau of Investigation (CBI) arrested Yogesh Aggarwal, superintendent of the Central Goods and Services Tax (CGST) department, on Tuesday evening for allegedly accepting a bribe of Rs 10,000. The arrest follows a complaint by Rudrapur resident Mukesh Kumar accusing Aggarwal of demanding Rs 15,000 to reinstate the suspended GST number of his wife’s firm, Signature International Corporation. Read more
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